Safe Enterprises Retail Fixtures IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 20 Jun 2025
Close Date
Tue, 24 Jun 2025
Price Band
₹ 131 – 138
Lot Size
1000
Issue Size
₹ 169.74 Cr
Minimum Investment
₹ 276,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Safe Enterprises Retail Fixtures IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹169.74 Crore, comprising a fresh issue of 1.23 Crore equity shares aggregating to ₹169.74 Crore.
The Safe Enterprises Retail Fixtures IPO remained open for subscription from June 20, 2025, to June 24, 2025. The basis of allotment was finalized on June 25, 2025, and the company's shares were listed on NSE SME Platform on June 27, 2025.
The company had fixed the price band at ₹131 to ₹138 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹276,000 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Safe Enterprises Retail Fixtures Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Safe Enterprises Retail Fixtures IPO Timeline (Tentative)
- IPO Open Date
- Fri, 20 Jun 25
- IPO Close Date
- Tue, 24 Jun 25
- Basis of Allotment
- Wed, 25 Jun 25
- Initiation of Refunds
- Thu, 26 Jun 25
- Credit of Shares to Demat
- Thu, 26 Jun 25
- Listing Date
- Fri, 27 Jun 25 — NSE & BSE
Open Date
20 June 2025
Close Date
24 June 2025
Basis Of Allotment
25 June 2025
Listing Date
27 June 2025
IPO Subscription
Check Live Subscription →The Safe Enterprises Retail Fixtures IPO has received bids for 12,08,18,000 shares against 81,75,000 shares offered, resulting in an overall subscription of 14.78x. the NII category is subscribed 12.87x, Retail Investors 4.44x, and QIBs 34.31x.
QIB
34.31x
NII
12.87x
RII
4.44x
Total
14.78x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 40,87,000 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 23,36,000 shares (28.57%), while Non-Institutional Investors (NIIs) receive 17,52,000 shares (21.43%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 2,336,000 | 28.57% |
| Non-Institutional | 1,752,000 | 21.43% |
| Retail Investors | 4,087,000 | 50% |
| Total | 8,175,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Safe Enterprises Retail Fixtures Limited KPI Information
| Particular | KPI As On |
|---|---|
| ROE % | 105.34 |
| ROCE % | 114.11 |
| Debt / Equity | 0.03 |
| RoNW % | 79.64 |
| Pat Margin % | 22.88 |
Peers Comparison
No Peer Comparision Available
About Safe Enterprises Retail Fixtures Limited
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
Safe Enterprises Retail Fixtures IPO 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%
Safe Enterprises Retail Fixtures IPO Objective
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
Safe Enterprises Retail Fixtures Limited Address / Contact Details
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
Safe Enterprises Retail Fixtures IPO Lot Size
The Safe Enterprises Retail Fixtures IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹1,38,000 by applying for 1 lot (1,000 shares). The maximum application allowed for the retail category is 1 lots (1,000 shares), requiring an investment of ₹1,38,000.
| 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 |
Issue Reservation
- QIB — 28.57%
- NII — 21.43%
- RII — 50%
Safe Enterprises Retail Fixtures IPO Registrar
Maashitla Securities Pvt. Limited
Check Allotment StatusBook Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Safe Enterprises Retail Fixtures IPO?
Safe Enterprises Retail Fixtures IPO is a Book-building IPO with a total issue size of ₹169.74 crore. The Safe Enterprises Retail Fixtures IPO price band is ₹131 to 138 per share. The Safe Enterprises Retail Fixtures IPO subscription opens on Fri, Jun 20, 2025, and closes on Tue, Jun 24, 2025. The Safe Enterprises Retail Fixtures IPO will be listed on the NSE. Maashitla Securities Pvt. Limited is the registrar for the Safe Enterprises Retail Fixtures IPO.
When will the Safe Enterprises Retail Fixtures IPO open for subscription?
The Safe Enterprises Retail Fixtures IPO opens on Fri, Jun 20, 2025 and closes on Tue, Jun 24, 2025
What is Safe Enterprises Retail Fixtures IPO Price Band?
Safe Enterprises Retail Fixtures IPO Price Band is ₹131 to 138 per share.
What is Safe Enterprises Retail Fixtures IPO Lot Size?
Safe Enterprises Retail Fixtures IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹276000 based on the upper price band
What is the minimum investment for Safe Enterprises Retail Fixtures IPO?
The minimum investment for Safe Enterprises Retail Fixtures IPO is ₹276000, based on one lot of 1000 shares at the upper price band of ₹138 per share.
How to apply for Safe Enterprises Retail Fixtures IPO?
Investors can apply for the Safe Enterprises Retail Fixtures IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Jun 24, 2025. The application amount remains blocked until the Safe Enterprises Retail Fixtures IPO allotment is finalized.
What is Safe Enterprises Retail Fixtures IPO Issue Size?
Safe Enterprises Retail Fixtures IPO issue size is ₹169.74 crores.
What is the Safe Enterprises Retail Fixtures IPO Allotment Date?
Safe Enterprises Retail Fixtures IPO allotment date is Wed, Jun 25, 2025.
Who is the Safe Enterprises Retail Fixtures IPO Registrar?
The registrar for Safe Enterprises Retail Fixtures IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Safe Enterprises Retail Fixtures IPO allotment status, refund processing, and other IPO-related information.
What is the Safe Enterprises Retail Fixtures IPO GMP?
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 4.35% over the issue price.
Who is the Safe Enterprises Retail Fixtures IPO Lead Manager?
The book-running lead managers (BRLMs) for the Safe Enterprises Retail Fixtures IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Safe Enterprises Retail Fixtures IPO Red Herring Prospectus (RHP).