Safecure Services IPO Opens Today: Key Details About The Safecure Services IPO

Mumbai, October 29: Safecure Services IPO opens today, on October 29, and will close on October 31. The issue size for the IPO is ₹30.60 crore, and includes a fresh issue of 0.30 crore shares, with no offer for sale element. The company has set a fixed price of ₹102 per share for the IPO. The lot size is 1,200 shares per application, with the minimum investment amount required by a retail investor at ₹2,44,800 (2,400 shares), at the upper price band. The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹3,67,200. Share allotment for Safecure Services IPO is expected on November 3, while the company is expected to credit the shares and initiate refunds on November 4. The shares of the company are expected to list on BSE SME on November 6.

Sun Capital Advisory Services Pvt.Ltd. is the book running lead manager while MUFG Intime India Pvt.Ltd. is the registrar of the issue. Giriraj Stock Broking Pvt.Ltd is the Market Maker of the company.

Safecure Services Limited is an Indian company that provides securities and facility management services. It was established in 2012, and is headquartered in Mumbai, Maharashtra.

Safecure Services Funding Working Capital Requirement Main Fundraising Motive

The company will utilise ₹1,300 lakh for funding working capital requirements, while it will use ₹475 lakh for repayment of company’s borrowings. It will utilise ₹450 lakh for general corporate purposes, and ₹350 lakh for repayment of its subsidiary’s borrowings.

Safecure Services Financial Highlights

The company’s revenue from operations increased from ₹4,753.94 lakh in FY23 to ₹6,283.47 lakh in FY24 and further to ₹7,310.15 lakh in FY25. For Q1 FY26, revenue was at ₹1,832.30 lakh. EBITDA margin increased to 20.4% in Q1 FY26, compared to 17.0% in FY25 and 19.1% in FY23. Profit after tax rose from ₹399.59 lakh in FY23 to ₹604.11 lakh in FY25, with Q1 FY26 profit at ₹201.62 lakh. Net worth grew from ₹932.92 lakh in FY23 to ₹2,294.19 lakh in Q1 FY26. The company’s debt-equity ratio reduced from 1.23 in FY23 to 0.85 post-Q1 FY26. Earnings per share was at ₹5.68 in FY23, ₹8.21 in FY24, ₹8.58 in FY25, and ₹2.86 (not annualised) in Q1 FY26. Return on Net Worth (RoNW) was 42.8% in FY23, 38.5% in FY24, and 28.9% in FY25, with 8.7% in Q1 FY26.

Strengths and Key Risks For Safecure Services IPO

Safecure Services IPO Strengths

The company has a comprehensive service portfolio that includes security, e-surveillance, facility management, and interior solutions. It has a pan-India presence, and provides services to multiple sectors and industries. The company’s operations are technology-driven, and it focuses on efficiency and transparency. An experienced management team with proven execution skills backs it. Furthermore, the company has strong customer retention which leads to a recurring business model and holds multiple ISO certifications.

Safecure Services IPO Risks

The company depends heavily on security services, which contribute over 75% of its total revenue. The company’s top 10 clients contribute 66% of its revenues. The company operates in the manpower-heavy industry, which is exposed to potential labour issues, including high employee turnover (attrition) and compliance challenges. The company has a history of past delays in filing GST and provident fund returns. If repeated, it could lead to penalties.. Working capital requirements remain high, and any delays in collecting payments from clients could lower the company’s liquidity.

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