Safe Enterprises Retail Fixtures SME: Check IPO Date, Live Subscription and Key Details
Safe Enterprises Retail Fixtures is engaged in the business of designing, manufacturing, supplying, and installing shop fittings and retail fixtures. The company offers a wide range of customized in-store solutions across multiple retail segments such as fashion & apparels, electronics, and departmental stores. They also provide innovative shop fitting solutions including modular, electrified shop fittings that integrate seamlessly with various digital technologies such as LED lighting, digital screens, and display stands for retail outlets. The company has three manufacturing units in Maharashtra (one in Kukshet Village, Sanpada, Thane and two in Nerul, Navi Mumbai) and has 15 designs registered under the Designs Act 2000.
Min Investment
₹138000
Price Range
₹131.00-138.00
Issue Size
₹161.13 Cr
IPO Type
NSE SME
Key Metrics
Check Live GMP
Face Value
₹10
EPS
8.52
P/E Ratio
16.19
RoNW
54.37%
ROE
77.54%
Timeline
IPO Opens
20 Jun
IPO Closes
24 Jun
Allotment
25 Jun
Listing
27 Jun
IPO Objectives
- Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit.
- Investment in the Subsidiary, Safe Enterprises Retail Technologies Private Limited for financing its capital expenditure requirements in relation towards installation of additional plant and machinery.
- To Meet Working Capital Requirements of the Company.
- Investment in the subsidiary Safe Enterprises Retail Technologies Private Limited to meet working capital requirements.
- General Corporate Purpose.
Strengths
- In-house product manufacturing capabilities with three well-equipped units, allowing for comprehensive control over quality and production.
- Established relationships with a diversified customer base across various geographical locations in over 25 states and union territories in India, including major retail chains like Zudio, Westside, Godrej Nature's Basket, Reliance Retail, and Future Group.
- Consistent focus on product quality, evidenced by ISO 9001:2015 and ISO 10001:2018 certifications, and 15 registered designs under the Designs Act 2000.
- Experienced Senior Management backed by a skilled design and development team with deep industry expertise.
- Strong financial performance with a revenue CAGR of 33.84% over the last three years and impressive profit after tax growth (PAT increased by 69.7% in FY25), along with high return ratios like ROE of 77.54% and ROCE of 69.10% (FY25).
- Expanding global presence with distributors in Dubai and Kansas City, and exports to USA, UAE, and Oman.
- Zero long-term borrowing as of March 30, 2025, indicating a strong balance sheet.
Weaknesses
- Limited operating history as a public company since its conversion from a partnership firm in July 2024, which may make it difficult for investors to evaluate its historical performance or future prospects as a publicly listed entity.
- Does not own its registered office, manufacturing units, and Experience Centre, posing a risk in case of non-renewal of rent agreements or disputes related to property use.
- Reliance on a limited number of key customers for a substantial portion of its revenue, where the loss of any major client could significantly impact the business.
- Dependence on a limited number of suppliers for raw materials, with potential for adverse effects due to supply delays, interruptions, or price volatility.
- Potential for delays or cost overruns in setting up the proposed new manufacturing unit, which could negatively impact the company's financial condition.
- Working capital-intensive business, with inventories and trade receivables forming a major part of current assets, which could strain cash flow if not managed effectively.
Financial Performance
| Period Ended | 30 Mar 2025 | 31 Mar 2024 |
|---|---|---|
| Assets (₹ Cr.) | 101.94 | 54.4 |
| Revenue (₹ Cr.) | 139.73 | 101.38 |
| PAT (₹ Cr.) | 39.19 | 23.09 |
| Net Worth (₹ Cr.) | 72.08 | 28.99 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Safe Enterprises | 6.57 | 16.19 | 54.37 | 13.03 |
| Naman In-Store (India) | 1.74 | 21.31 | 7.91 | 60.75 |
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.56x | 5.59x | 34.31x |
| NII | 0.44x | 0.32x | 12.51x |
| RII | 0.13x | 0.84x | 4.33x |
| Total | 0.60x | 2.09x | 14.65x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 23,36,000 | 8,01,39,000 | 1,105.92 |
| NII | 17,52,000 | 2,19,17,000 | 302.45 |
| RII | 40,87,000 | 1,76,98,000 | 244.23 |
| Total | 81,75,000 | 11,97,54,000 | 1,652.61 |
Company Details
- Plot No. D-372, TTC MIDC Industrial Area, MIDC Kukshet Village, Sanpada, Thane, Maharashtra-400703, India
- +917021883016
- compliance@safeenterprises.com
- https://safeenterprises.com/
Registrar Details
- Maashitla Securities Private Limited
- +91-11-45121795-96
- ipo@maashitla.com
- https://maashitla.com/allotment-status/public-issues