Safe Enterprises IPO Subscribed 0.50x on Day 1; QIBs Lead Early Demand
By Ankur Chandra | Published at: Jun 20, 2025 10:15 PM IST
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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