Safe Enterprises IPO Subscribed 0.50x on Day 1; QIBs Lead Early Demand

Authored By Ankur Chandra | Published at: Jun 20, 2025 10:15 PM IST

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Mumbai, June 20 – Safe Enterprises Retail Fixtures Limited’s IPO, which opened for subscription today, has had overall muted interest, with the issue being subscribed 0.50 times as of 3:40 PM, according to NSE data.

Bids have been received for 43.84 lakh shares in all categories out of the 87.99 lakh shares on offer.

Day 1 Bidding Highlights (As of 3:40 PM, June 20)

Category	No. of Shares Bid	Sub-Category Details
QIBs	32.78 lakh	3 applications; all under “Others”
Non-Institutional Investors	14.18 lakh	19 corporate apps, 3 HNIs
Retail Investors (RIIs)	3.97 lakh	397 bids; Cut-off: 2.74 lakh
Total	43.84 lakh	Against issue size of 87.99 lakh

Cut-off bids: 2.74 lakh shares
Price bids: Spread across ₹131 to ₹138, with maximum interest visible at the upper band (₹138)

IPO Details Recap

Detail	Info
Issue Size	1,23,00,000 shares
Price Band	₹131 – ₹138
Face Value	₹5 per share
Lot Size	1,000 shares
Listing Exchange	NSE Emerge
Issue Close Date	June 24, 2025

Key Takeaway

While Qualified institutional buyers (QIBs) showed early interest, accounting for nearly 75% of Day 1 bids, retail participation remained light. The IPO will need stronger demand in the next two days to proceed successfully, especially from the retail and High Net Worth Individuals (HNI) categories.

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