Safe Enterprises Retail Fixtures Limited
Bookbuilding IPO · NSE
- Price band
- ₹131 - ₹138
- Lot size
- 1,000 shares
- Issue amount
- ₹161.13 cr
- Total subscription
- 14.7×
- Opens
- 20 Jun 2025
- Closes
- 24 Jun 2025
- Allotment
- 25 Jun 2025
- Listing
- 27 Jun 2025
Offer at a glance
Issue overview
- Issue size
- 1,16,76,000 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹1,31,000
- Fresh issue
- ₹161.13 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,38,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,43,04,478
- Shares after issue
- 4,59,80,478
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,38,000 |
| HNI | 2 | 2,000 | ₹2,76,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 43 |
| NIB | — | 1,637 |
| RETAIL | — | 18,138 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 32.24 | 1,105.92 |
| RETAIL | 56.4 | 250.3 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Nov-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 5.13 | 6.99 | 3.66 |
| ROE | 50.54 | 105.34 | 134.02 |
| ROCE | 53.01 | 114.11 | 115.98 |
| RONW | 44.49 | 79.64 | 81.44 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 1976, Safe Enterprises Retail Fixtures Limited specializes in designing, manufacturing, supplying, and installing shop fittings and retail fixtures. They offer customized solutions for various retail sectors, including fashion, electronics, grocery, and luxury stores. Their services cover the entire process—from design to installation—helping retailers address challenges related to product display, placement, storage, and safety. Some of their notable clients include Zudio and Westside for fashion fixtures, Godrej Nature’s Basket for custom shelving, and Reliance Retail and Future Group for hypermarket installations. Their product range includes modular gondola shelving for supermarkets, ergonomic checkout counters, customizable display racks for different product categories, mannequins and visual merchandising displays for improved store aesthetics, and high-capacity backroom storage fixtures. They also provide personalized fixture designs and creative retail solutions to meet evolving market trends. The company operates three manufacturing units—two in Mumbai and one in Thane, Maharashtra. They also have two franchisees in Navi Mumbai and Hyderabad, along with distributors in Dubai and Kansas City. Safe Enterprises sells its products across more than 25 Indian states and union territories, with Maharashtra being the largest contributor to revenue, followed by Karnataka and Gujarat. As of October 31, 2024, the design team included 15 employees.
Strengths
- Own Manufacturing Setup – Helps maintain good quality and deliver on time
- Customers in Many Regions – Strong connections with clients across different areas
- Experienced Team with Creative Designers – Brings new ideas and custom-made solutions
Risk factors
- Short Company History – Recently changed from a partnership, making long-term performance hard to judge
- Rented Workspaces – Using leased properties could be risky if leases aren’t renewed or disputes arise
- Dependence on Few Customers – Relying on a small number of clients may affect income if any major customer leaves
Promoters
Saleem Shabbir Merchant
Mikdad Saleem Merchant
Huzefa Salim Merchant
Munira Salimbhai Merchant
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. D-372 TTC MIDC Industrial Area, MIDC Kukshet Village, Sanpada, Thane, Maharashtra, 400703
+917021883016
[email protected]Company website ↗Understanding SAFEENTP IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.