Safecure BSE SME: Check IPO Date, Live Subscription and Key Details
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.
Price Range
₹102.0
Issue Size
₹29.07 Cr
Lot Size
1,200 shares
IPO Type
BSE SME
GMP
-
Est. Listing Price
₹102
Estimate Profit
-
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
7.92
P/E Ratio
12.88
RoNW
28.86%
ROE
28.86%
Debt to Equity
0.98
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Timeline
IPO Opens
29 Oct
IPO Closes
31 Oct
Allotment
3 Nov
Listing
6 Nov
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 29 October 2025 | Subscription starts |
| IPO Close Date | 31 October 2025 | Subscription ends |
| Allotment Date | 3 November 2025 | Allotment |
| Listing Date | 6 November 2025 | Listing |
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.
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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 |
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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
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