Safecure BSE SME IPO
ListedBSE SMEOpens 29 October 2025Closes 31 October 2025
Safecure Services Limited is a leading service provider offering a diversified portfolio across private security, e-surveillance, facility management, and corporate interior fit-out work across India. The company,…
Safecure Services Limited is a leading service provider offering a diversified portfolio across private security, e-surveillance, facility management, and corporate interior fit-out work across India. The company, through its subsidiary Safesense Tech Private Limited, offers advanced e-surveillance services, including 24/7 real-time monitoring of ATMs and bank branches. It serves a diverse customer base, including the banking sector, public and private enterprises, MNCs, and various industries. Safecure has a Pan India presence with 12 offices in 12 cities and is known for its experienced team and advanced technological integration.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
29 Oct 2025
IPO Closes
31 Oct 2025
Allotment
3 Nov 2025
Listing
6 Nov 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 29 October 2025 |
| IPO Close Date | 31 October 2025 |
| Allotment Date | 3 November 2025 |
| Listing Date | 6 November 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,44,800 |
SHNI (Min) | 3 | ₹3,67,200 |
SHNI (Max) | 8 | ₹9,79,200 |
BHNIAbove ₹10,00,000 | 9 | ₹11,01,600 |
IPO Objectives
- Repayment / pre-payment, in full or part, of certain borrowings availed by the Company.
- Repayment / pre-payment, in full or part, of certain borrowings availed by our wholly owned subsidiary (by providing loans and advances by the Company).
- General corporate purposes.
- Funding Working Capital requirements of the Company.
Strengths
- The company has a diversified service portfolio covering private security, e-surveillance, facility management, and interior fit-outs, reducing reliance on a single service.
- It uses Advanced Technological Integration through a subsidiary, offering real-time e-surveillance and technology-enabled security solutions.
- The business is supported by an experienced team and has a Pan India Presence with 12 offices across 12 cities for wide service delivery.
- It serves a diverse customer base, including banking, public and private enterprises, and MNCs, providing stable revenue streams.
- The company shows consistent financial growth, with revenue up 16% and profit after tax (PAT) up 8% (FY24-FY25), and maintains a relatively low Debt-to-Equity ratio of 0.98.
Weaknesses
- There is high customer concentration in the banking sector for e-surveillance and ATM services, which exposes the company to risks from changes in banking regulations.
- The company operates with a low profit margin, as indicated by the modest 8% PAT growth despite a healthier revenue increase, suggesting pricing pressure.
- The business is working capital intensive, with a significant portion of the IPO proceeds (₹13 crore) allocated to meeting working capital requirements.
- The security and facility management sector is highly competitive and labor-intensive, which can lead to pricing pressures and high employee attrition risk.
- The small 8% increase in PAT despite strong revenue growth may limit short-term listing gains in the highly competitive sector.
Financial Performance
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 54.61 | 53.07 | 37.48 | 30.94 |
| Revenue (₹ Cr.) | 18.36 | 73.27 | 63.06 | 47.74 |
| PAT (₹ Cr.) | 1.99 | 6.16 | 5.69 | 3.98 |
| Net Worth (₹ Cr.) | 22.94 | 20.93 | 15 | 9.33 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Safecure Services Limited | 4.79 | 12.88 | 28.86% | 22.94 |
| SIS Limited | 2.01 | 119.24 | 10.88% | 2,408.2 |
| Krystal Integrated Services | 1.9 | 13.02 | 10% | 437.22 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0.23x | 0.28x | 0.32x |
| RII | 1.92x | 2.41x | 3.31x |
| Total | 1.07x | 1.34x | 1.81x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| NII | 14,24,400 | 4,54,800 | 4.64 |
| RII | 14,25,600 | 47,13,600 | 48.08 |
| Total | 28,50,000 | 51,68,400 | 52.72 |
Company Details
- Safecure Services Ltd.
- Office No. 5, 5th Floor, Building No 6 Old 9,12,14, News No 62, 66, 69, Opp Pleasant Park, Mira Road, Behind Jhankar, Thane, Maharashtra-401107
- +91 99678 81047
- secretarial@safecure.in
- https://safecure.in/
Registrar Details
- MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- safecure.smeipo@linkintime.co.in
- https://linkintime.co.in/Initial_Offer/public-issues.html
Frequently Asked Questions
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Safecure BSE SME IPO News & Updates
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Sources
We match Safecure BSE SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- MUFG Intime India Pvt.Ltd.Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.