Safe Enterprises Retail Fixtures IPO is scheduled to open on June 20, 2025 and will close on June 24, 2025. The basis of allotment is expected on June 25, 2025, while refunds and credit to demat accounts will take place on June 26, 2025. The IPO is likely to be listed on NSE SME on June 27, 2025.
This IPO is a Book Build Issue, with a total issue size of around ₹169.74 crores, which includes only a fresh issue of ₹169.74 crores. The price band for the IPO has been set between ₹131 to ₹138 per share. Investors can apply for a minimum lot size of 1000 shares, which means retail investors need to invest at least ₹1,31,000, and are advised to apply at the cutoff price, which comes to around ₹1,38,000, to increase the chances in case of oversubscription. For HNI investors, the minimum lot size is 2 lots (2,000 shares) with an investment of ₹2,76,000.
The quota distribution is 35% for retail, 50% for QIB, and 15% for HNI. The company has shown strong financial growth, with revenue increasing from ₹101.38 crore in FY 2024 to ₹139.73 crore in FY 2025, and profit rising from ₹23.09 crore to ₹39.19 crore in the same period. Looking at these strong numbers, experts suggest that this IPO could be a good option for long-term investment.
Overview of Contents
About Safe Enterprises Retail IPO
Safe Enterprises Retail Fixtures Ltd., founded in 1976, is a well-established company engaged in designing, manufacturing, supplying, and installing high-quality shop fittings and retail fixtures. The company provides complete merchandising and display solutions to retail brands, offering services that range from initial concept design and prototyping to final manufacturing and on-site installation.
Safe Enterprises caters to a broad spectrum of retail formats including fashion outlets, electronics stores, departmental stores, grocery shops, and luxury brand showrooms. Their product line includes gondola shelving, checkout counters, display racks, mannequins, visual merchandising tools, storage units for backroom use, and custom-designed fixtures, all built to match client specifications while ensuring both utility and aesthetic appeal.
Over the years, the company has built a strong client base including big retail names like Zudio, Westside, Godrej Nature’s Basket, Reliance Retail, and Future Group. It operates three manufacturing units—two in Mumbai and one in Thane—and also maintains a growing presence internationally with franchisees in Navi Mumbai and Hyderabad and distributors in Dubai and Kansas City. As of October 31, 2024, the firm had a 15-member design team dedicated to developing innovative and modern solutions.
Safe Enterprises sells its products in over 25 Indian states and Union Territories, with Maharashtra being the top revenue contributor, followed by Karnataka and Gujarat. Known for its high customer satisfaction, robust in-house production, experienced leadership, and creative capabilities, Safe Enterprises continues to be a reliable partner for retailers seeking high-quality display infrastructure solutions.
Safe Enterprises Retail IPO Overview
| Particulars | Details |
|---|---|
| Offer Type | Book Built Issue |
| Market Listing Platform | NSE SME Platform |
| Face Value Per Share | ₹5 |
| Price Band | ₹131 – ₹138 per share |
| Total Issue Size | ₹169.74 Crores (1.23 Crore Shares) |
| Fresh Equity Issue | ₹169.74 Crores |
| Minimum Bid Lot | 1,000 Shares |
| Minimum Retail Investment | ₹1,31,000 to ₹1,38,000 (based on cut-off price) |
| Retail Investor Quota | Up to 35% |
| Qualified Institutional Buyers | Up to 50% |
| Non-Institutional Investors | Up to 15% |
| Market Maker Reservation | 6,24,000 Shares (Approx. ₹8.61 Crores) |
| Net Issue to Public | 1,16,76,000 Shares (Approx. ₹161.13 Crores) |
| Pre-Issue Equity Capital | 3,43,04,478 Shares |
| Post-Issue Equity Capital | 4,66,04,478 Shares |
| Lead Book Running Manager | StarEdge Capital Advisors Pvt. Ltd. |
| Registrar to Issue | Skyline Corporate Solutions Pvt. Ltd. |