Safecure Services IPO Sees Strong Retail Demand on Day 2; Subscribed 1.34 Times Overall

Mumbai, October 30, 2025: Safecure Services‘ ₹31-crore IPO had a decent response on day two of bidding. The overall IPO was subscribed 1.34 times as of 05:00 pm on Thursday, with a strong response from retail investors. The IPO will remain open for bidding till Friday, October 31, 2025.

Safecure Services Limited is an integrated private security, e-surveillance, facility management, and interior fit-out service provider. The company is based in Thane and offers real-time monitoring and advanced e-surveillance solutions for ATMs and bank branches nationwide through its subsidiary, Safesense Tech Pvt Ltd. Its ISO-certified operations and technology-led model have helped it expand its footprint across India. The company serves both public and private sector enterprises, including financial institutions and multinational corporations.

Safecure Services Robust Retail Participation

The IPO attracted strong interest from retail investors, who subscribed 2.41 times, bidding for 34,29,600 shares against 14,25,600 shares on offer. The Market Maker segment also showed full participation, subscribing to 100% of its allotted portion. However, the response from Non-Institutional Buyers (NIIs) remained subdued, with only 4,02,000 shares bid for out of 14,24,400 offered translating to a modest 0.28 times subscription.

Safecure Services Key IPO Details

The IPO opened for subscription on October 29, 2025, and will remain open until October 31, 2025. The total issue size is ₹31 crore, comprising 30 lakh shares priced at ₹102 per share under the fixed price format. Investors can apply in a lot size of 1,200 shares, with a minimum of two lots (₹2,44,800) for retail investors and three lots (₹3,67,200) for HNIs.

Post-issue, the company’s equity base will expand to one crore shares, while promoter holding will dilute from 94.33% pre-issue to 66.14% post-issue. The shares of Game Changers Texfab Limited are scheduled to be listed on the BSE SME platform on November 6, 2025.

What Lies Ahead

The IPO will remain open until Friday, October 31. The final subscription tally will be updated after market hours. It is expected that the issue will end on a positive note as strong retail momentum will continue on the final day, with potential for higher institutional participation. After the completion of the bidding process, the shares of the company will list on the BSE SME platform on November 6, 2025, marking its debut in India’s growing security and facility management sector.

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