Safe Enterprises Retail Fixtures IPO

Incorporated in 1976, Safe Enterprises Retail Fixtures Limited designs, manufactures, supplies, and installs customised retail fixtures and shop fittings. It offers end-to-end merchandising solutions—from design to installation—addressing display, storage, placement, and safety challenges across retail sectors like fashion, electronics, grocery, and luxury. The company serves major Indian chains, including Zudio, Westside, Reliance Retail, and Godrej Nature’s Basket, offering products like gondola shelving, checkout counters, display racks, mannequins, and backroom fixtures. With three manufacturing units in Maharashtra, franchisees in Navi Mumbai and Hyderabad, and distributors in Dubai and Kansas City, it operates across 25 Indian states.

Safe Enterprises Retail Fixtures Limited IPO Overview

Safe Enterprises Retail Fixtures Limited is launching a book-built IPO worth ₹161.13 crores, consisting entirely of a fresh issue of 116.76 lakh equity shares. The IPO will open for subscription on June 20, 2025, and close on June 24, 2025, with allotment expected to be finalised on June 25, 2025. The shares are proposed to be listed on the NSE SME platform, with a tentative listing date of June 27, 2025. The price band is fixed at ₹131 to ₹138 per share. Retail investors can apply for a minimum of one lot comprising 1,000 shares, requiring an investment of ₹1,31,000. However, bidding at the cut-off price is advisable, raising the investment to ₹1,38,000 to counter oversubscription. HNIs are required to invest in a minimum of two lots (2,000 shares), amounting to ₹2,76,000. Hem Securities Limited is the book-running lead manager, Maashitla Securities Private Limited is the registrar, and Hem Finlease Private Limited is acting as the market maker for this IPO.

Safe Enterprises Retail Fixtures Limited IPO Details

Particulars	Details
IPO Date	20 June 2025 to 24 June 2025
Listing Date	27 June 2025
Face Value	₹10 per share
Issue Price Band	₹131 to ₹138 per share
Lot Size	1000 Shares
Total Issue Size	1,16,76,000 shares (aggregating up to ₹161.13 Cr)
Fresh Issue	1,16,76,000 shares (aggregating up to ₹161.13 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Share Holding Pre Issue	3,43,04,478 shares
Share Holding Post Issue	4,59,80,478 shares
Market Maker Portion	6,24,000 shares

Safe Enterprises Retail Fixtures Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

Safe Enterprises Retail Fixtures Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹1,38,000
Retail (Max)	1	1000	₹1,38,000
HNI (Min)	2	2000	₹2,76,000

Safe Enterprises Retail Fixtures Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	95.18%
Post-Issue

Safe Enterprises Retail Fixtures Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	11.42
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	54.37%
Net Asset Value (NAV)	21.01
Return on Equity	77.54%
Return on Capital Employed (ROCE)	69.10%
EBITDA Margin	37.67%
PAT Margin	28.33%
Debt to Equity Ratio

Objectives of the Proceeds

• Funding capital expenditure for setting up a new manufacturing unit, ₹6588.59 lakhs

• Investment in subsidiary (Safe Enterprises Retail Technologies Pvt Ltd) for plant and machinery, ₹699.02lakhs

• Meeting the company’s working capital requirements, ₹3000 lakgs

• Investment in subsidiary to meet its working capital needs, ₹1000 lakhs

• General corporate purposes

Key Financials (in ₹ lakhs)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	10,194.16	5439.85	3939.13
Revenue	13,831.31	10,091.49	7721.57
Profit After Tax	3918.54	2308.84	1208.90
Reserves and Surplus	5492.36	435.64	–
Total Borrowings	24.33	89.57	126.70