Safe Enterprises Retail Fixtures IPO
Open SmeCurrent GMP
₹6 (+4.35%)
Price Band
₹ 131 – 138
Lot Size
1000
Issue Size
₹169.74 Cr
Minimum Investment
₹276000 (2000 Shares)
Listing Date
27 June 2025
Subscription
14.78x
About the Company
Safe Enterprises Retail Fixtures Limited
Established in 1976, Safe Enterprises Retail Fixtures Limited is a leading provider of end-to-end shop fittings and retail display solutions. The company specializes in the design, manufacturing, supply, and installation of customized fixtures tailored to diverse retail segments, including fashion and apparel, electronics, department stores, grocery, and luxury retail.
Safe Enterprises addresses key challenges in the retail environment—product display, placement, storage, and safety—offering comprehensive merchandising solutions that enhance both functionality and customer experience.
Key Clients and Projects
Safe Enterprises serves prominent Indian retail chains and hypermarkets, including:
- Zudio & Westside – Fashion fixtures
- Godrej Nature’s Basket – Customized gourmet shelving
- Reliance Retail & Future Group – Hypermarket installations
Product Portfolio
The company’s offerings include:
- Gondola Shelving – Modular systems for supermarkets
- Checkout Counters – Ergonomic designs for improved efficiency
- Display Racks & Stands – Customizable units for fashion, electronics, and FMCG
- Mannequins & Visual Merchandising Displays – Aesthetic solutions for brand visibility
- Storage & Backroom Fixtures – High-capacity stockroom shelving
- Custom Fixture Design – Tailored solutions that integrate style and practicality
- Innovative Solutions – Adaptable designs in line with evolving retail trends
Operations and Reach
Safe Enterprises operates three manufacturing facilities located in Sanpada, Thane; Kukshet Nerul; and Nerul, Navi Mumbai, Maharashtra. The company also has a design and project department staffed by 15 experienced professionals as of October 31, 2024.
It sells products across more than 25 states and union territories in India, with significant revenue from Maharashtra, Karnataka, and Gujarat. Internationally, Safe Enterprises exports to markets including the USA, UAE, and Oman.
Franchise and Distribution
- Franchisees: Navi Mumbai and Hyderabad
- Distributors: Dubai and Kansas City
Promoters
- Saleem Shabbir Merchant
- Mikdad Saleem Merchant
- Huzefa Salim Merchant
- Munira Salimbhai Merchant
Promoters Holding
Holding Pre Issue
95.18%
Holding Post Issue
95.18%
Objects of the Issue
The Company Safe Enterprises Retail Fixtures IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- 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
Address / Contact Info
Safe Enterprises Retail Fixtures Limited
Plot No. D-372
TTC MIDC Industrial Area,
MIDC Kukshet Village, Sanpada,
Thane, Maharashtra, 400703
Phone: +917021883016
Email: compliance@safeenterprises.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 20 June 2025
IPO Close Date
Tuesday, 24 June 2025
Basis of Allotment
Wednesday, 25 June 2025
Initiation of Refunds
Thursday, 26 June 2025
Credit of Shares to Demat
Thursday, 26 June 2025
Listing Date
Friday, 27 June 2025 — NSE & BSE
Important Dates
Open Date
20 June 2025
Close Date
24 June 2025
Basis Of Allotment
25 June 2025
Listing Date
27 June 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 |
|---|---|---|
| Assets | 76.39 | 54.4 |
| Revenue | 58.09 | 101.38 |
| Profit After Tax | 16.96 | 23.09 |
| Net Worth | 13.03 | 28.99 |
| Reserve & Surplus | 13.02 | 4.36 |
| Total Borrowings | 31.7 | 0.9 |
EPS Pre
0.00%
EPS Post
0.00%
P/E Pre
0.00
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI As On |
|---|---|
| ROE % | 105.34 |
| ROCE % | 114.11 |
| Debt / Equity | 0.03 |
| RoNW % | 79.64 |
| PbW | 0 |
| Pat Margin % | 22.88 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 2336000 | 28.57 | 0 |
| Non-Institutional | 1752000 | 21.43 | 0 |
| Retail Investors | 4087000 | 50 | 0 |
| Total | 8175000 | 100 | 0 |
Subscription Status ( Tue, 24 Jun 25 01:56 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 2336000 | 80139000 | 34.31x |
| Non-Institutional | 1752000 | 22541000 | 12.87x |
| Retail Investors | 4087000 | 18138000 | 4.44x |
| Total | 8175000 | 120818000 | 14.78x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | 138,000.00 |
| Retail (Max) | 1 | 1,000 | 138,000.00 |
| S-HNI (Min) | 2 | 2,000 | 276,000.00 |
Registrar
Maashitla Securities Pvt. Limited
011-45121795-96
investor.ipo@maashitla.com
https://www.maashitla.com
Book Running Lead Managers
- Hem Securities Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Safe Enterprises Retail Fixtures IPO is a Book-building IPO worth ₹169.74 crores. The price band is ₹131 to 138 per share. The IPO opens on Fri, Jun 20, 2025 and closes on Tue, Jun 24, 2025. It will be listed on BSE and NSE. Maashitla Securities Pvt. Limited is the registrar.
The Safe Enterprises Retail Fixtures IPO opens on Fri, Jun 20, 2025 and closes on Tue, Jun 24, 2025
Safe Enterprises Retail Fixtures IPO Price Band is ₹131 to 138.
Safe Enterprises Retail Fixtures IPO lot size is 1000, and the minimum amount required for application is ₹276000.
The minimum investment for Safe Enterprises Retail Fixtures IPO is approximately ₹276000 based on the upper price band.
To apply for the Safe Enterprises Retail Fixtures IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Jun 24, 2025. After submission, funds are blocked until the basis of allotment of Safe Enterprises Retail Fixtures IPO is finalised.
Safe Enterprises Retail Fixtures IPO issue size is ₹169.74 crores.
Safe Enterprises Retail Fixtures IPO allotment date is Sat, Jun 27, 2026.
The registrar for Safe Enterprises Retail Fixtures IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website for IPO allotment status, refund processing, and other queries related to Safe Enterprises Retail Fixtures IPO through their official website or helpline.
The Safe Enterprises Retail Fixtures IPO GMP (Grey Market Premium) is ₹6 as of Fri, Jun 27, 2025. Based on the upper price band of ₹138 per share, the estimated Safe Enterprises Retail Fixtures IPO listing price is ₹144, indicating a potential listing gain of approximately 31% over the issue price.