Safe Enterprises IPO description – Safe Enterprises specializes in designing, manufacturing, supplying, and installing shop fittings and retail fixtures. The company provides a comprehensive range of customized in-store solutions catering to various retail segments, including fashion and apparel, electronics, and departmental stores. As a merchandising solutions provider, Safe Enterprises addresses the challenges faced by retailers and brand marketers in the dynamic retail landscape, focusing on product display, placement, storage, and safety.
Safe Enterprises holds 15 registered designs under the Designs Act, of 2000. As of 31 March 2025, the company employs a team of 15 experienced professionals in its design and project department. It operates from three manufacturing units located in Sanpada, Thane; Kukshet Nerul, and Nerul, Navi Mumbai.
Safe Enterprises Retail Fixtures currently sells its products across more than 25 states and Union Territories in India. The company reported domestic sales revenue of INR 130.87 crore for the fiscal year 2025, and INR 94.62 crore for the fiscal year 2024. Additionally, Safe Enterprises exports its products to international markets, including countries such as the USA, UAE, and Oman.
Promoters of Safe Enterprises Retail Fixtures – Saleem Shabbir Merchant, Mikdad Saleem Merchant, Huzefa Salim Merchant, and Munira Salim Merchant
Table of Contents
Safe Enterprises Retail Fixtures IPO Details
| Safe Enterprises IPO Dates | 20 – 24 June 2025 |
| Safe Enterprises Issue Price | INR 131 – 138 per share |
| Fresh issue | 1,23,00,000 shares (INR 161.13 – 169.74 crore) |
| Offer For Sale | NIL |
| Total IPO size | 1,23,00,000 shares (INR 161.13 – 169.74 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 1,38,000) |
| Face Value | INR 5 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Safe Enterprises Financial Performance
| FY 2023* | FY 2024 | FY 2025 | |
| Revenue | 77.22 | 100.91 | 138.31 |
| Expenses | 58.79 | 70.11 | 89.73 |
| Net income | 12.09 | 23.09 | 39.19 |
* All Standalone data
Safe Enterprises Offer News
- Safe Enterprises RHP
- Safe Enterprises Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Safe Enterprises Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 3.52 | 6.73 | 11.42 |
| PE ratio | – | – | 11.47 – 12.08 |
| RONW (%) | 81.44 | 79.64 | 54.37 |
| NAV | 4.33 | 8.45 | 21.01 |
| ROCE (%) | 115.98 | 104.94 | 69.10 |
| EBITDA (%) | 24.85 | 33.94 | 37.67 |
| Debt/Equity | 0.09 | 0.03 | 0.00 |
Safe Enterprises IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 26 June 2025 | 5 | – | 3,000 |
| 25 June 2025 | 5 | – | 3,000 |
| 24 June 2025 | 8 | – | 5,000 |
| 23 June 2025 | 20 | – | 15,000 |
| 21 June 2025 | 21 | – | 18,000 |
Safe Enterprises IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the capital expenditure requirements towards setting up of a new manufacturing unit – INR 65.89 crore
- Investment in its Subsidiary, Safe Enterprises Retail Technologies for financing its capital expenditure requirements in relation towards installation of additional plant and machinery – INR 6.99 crore
- To meet working capital requirements of the company – INR 30 crore
- Investment in its subsidiary Safe Enterprises Retail Technologies to meet working capital requirements – INR 10 crore
- General Corporate Purpose
Safe Enterprises IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 58,37,000 | 17,52,000 | 40,87,000 | 1,16,76,000 |
| 24 Jun 2025 | 13.73 | 12.87 | 4.44 | 10.35 |
| 23 Jun 2025 | 2.24 | 0.67 | 0.83 | 1.51 |
| 20 Jun 2025 | 0.62 | 0.44 | 0.12 | 0.42 |
The market maker reservation portion of 6,24,000 shares are not included in the above calculations.
Safe Enterprises – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | Book Value (INR) | Revenue (Cr.) |
| Safe Enterprises | 11.47 – 12.08 | 11.42 | 54.37 | 21.01 | 139.73 |
| Naman In-Store (India) | 21.31 | 5.34 | 7.91 | 60.75 | 157.13 |
Safe Enterprises IPO Allotment Status
Safe Enterprises IPO allotment status is now available on Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Safe Enterprises IPO Dates & Listing Performance
| IPO Opening Date | 20 June 2025 |
| IPO Closing Date | 24 June 2025 |
| Finalization of Basis of Allotment | 25 June 2025 |
| Initiation of refunds | 26 June 2025 |
| Transfer of shares to demat accounts | 26 June 2025 |
| IPO Listing Date | 27 June 2025 |
| Opening Price on NSE SME | INR 151 per share (up 9.42%) |
| Closing Price on NSE SME | INR 158.55 per share (up 14.89%) |
Safe Enterprises Offer Lead Manager
HEM SECURITIES LIMITED
904, A wing, 9 Floor, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai 400 013.
Phone: +91- 22- 49060000
Email: [email protected]
Website: www.hemsecurities.com
Safe Enterprises Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: +91-11-45121795
Email: [email protected]
Website: www.maashitla.com
Safe Enterprises Contact Details
SAFE ENTERPRISES RETAIL FIXTURES LIMITED
Plot No. D-372, TTC MIDC Industrial Area,
MIDC Kukshet Village, Sanpada, Thane – 400703
Phone: +91702188301
E-mail: [email protected]
Website: www.safeenterprises.com
IPO FAQs
What is the Safe Enterprises offer size?
Safe Enterprises offer size is INR 161.13 – 169.74 crores.
What is the Safe Enterprises offer price band?
Safe Enterprises public offer price is INR 131 – 138 per share.
What is the lot size of the Safe Enterprises IPO?
Safe Enterprises offer lot size is 1,000 shares.
What is Safe Enterprises IPO GMP today?
Safe Enterprises IPO GMP today is INR 5 per share.
What is the Safe Enterprises kostak rate today?
Safe Enterprises kostak rate today is INR NA per application.
What is Safe Enterprises IPO Subject to Sauda rate today?
Safe Enterprises Subject to Sauda rate today is INR 3,000 per application.