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Safe Enterprises Retail Fixtures IPO to open on June 20 to raise ₹161.1 crore; check key details
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3 min read | Updated on June 18, 2025, 09:41 IST
SUMMARY
Safe Enterprises Retail Fixtures IPO opens June 20 to raise ₹161.1 crore via fresh issue. The company primarily offers shop fittings and retail fixtures for different shops in segments like fashion, electronics, and department stores. The IPO price band is set between ₹131–₹138 per share, with a lot size of 1,000 shares.
Safe Enterprises Retail Fixtures has 3 manufacturing units in Maharashtra and sells its products across 25 states & UTs in India.
Safe Enterprises Retail Fixtures IPO will open for subscription on June 20. The company designs, manufactures, supplies, and installs shop fittings and retail fixtures across fashion, electronics, and department stores. The company aims to raise ₹161.1 crore through its initial public offering. The IPO will remain open till June 24.
Safe Enterprises Retail Fixtures IPO details
Safe Enterprises Retail Fixtures aims to raise ₹161.1 crore through its SME IPO. The issue is 100% book-built and made up entirely of a fresh issuance of over 1.16 crore shares, with no offer-for-sale (OFS) component.
The company has fixed the price band of the issue at ₹131 to ₹138 per share. The lot size, or the minimum bid quantity to apply for the issue, is 1,000 shares. This equates to a minimum investment amount of over ₹1.38 lakh for retail investors (if bids are placed at the upper end of the price band) and ₹2.76 lakh for high networth investors (HNIs) as they need to bid for a minimum of 2 lots.
Safe Enterprises Retail Fixtures has appointed Hem Securities Limited as the book-running lead manager of the IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for the Safe Enterprises Retail Fixtures IPO is Hem Finlease Private Limited.
Safe Enterprises Retail Fixtures IPO: Important dates
The Safe Enterprises Retail Fixtures IPO will remain open for bidding from 20 to 24 June. After the bidding is closed, the allotment of shares is expected to be finalised on June 25.
Successful bidders can expect the shares to be credited to their demat accounts by June 26, with others receiving refunds on the same day. Safe Enterprises Retail Fixtures shares are scheduled to list on the NSE Emerge platform on June 27.
Safe Enterprises Retail Fixtures IPO: Use of proceeds
| Particulars | Estimated amount |
|---|---|
| Capital expenditure requirements (40.89%) | The company will spend ₹65.88 crore to set up a new manufacturing unit. |
| Investment in subsidiary (10.54%) | ₹6.99 crore will be used for capex investment in the subsidiary, Safe Enterprises Retail Technologies |
| Working capital requirement (18.62%) | The company will spend ₹30 crore towards working capital requirements. |
| General corporate purposes (29.9%) | Part of the IPO proceeds will be used for general corporate purposes and strategic initiatives. |
About the company
Incorporated in 1976, Safe Enterprises Retail Fixtures is engaged in the designing, manufacturing, supplying, and installation of shop fittings and retail fixtures. The company offers customised in-store solutions across multiple retail segments. Currently, it has 3 manufacturing units in Maharashtra. The company sells products to more than 25 states & UTs in India. They also export to the USA, UAE, and Oman. The top five states contributed 51.92% of total revenue from operations in FY25, with Maharashtra accounting for 17.46% of revenue. The company’s domestic sales constitute 98.69% of overall revenue during the same period, while exports account for 1.31%.
Safe Enterprises Retail Fixtures: Financial snapshot
| (In Crs) | FY 23 (Standalone) | FY 24 (Consolidated) | FY 25 (Consolidated) |
|---|---|---|---|
| Revenue | 77.22 | 100.91 | 138.31 |
| Total Assets | 39.39 | 54.40 | 101.94 |
| PAT | 12.09 | 23.09 | 39.19 |
| EBITDA | 19.19 | 34.26 | 52.11 |
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