Safecure Services IPO opens for subscription: Check price band, lot size, key dates and more

Safecure Services IPO: The initial public offering of security and facility management company Safecure Services opened for bidding on Wednesday, October 29. The issue, which will conclude on October 31, has fixed the price at ₹102 per share.

The ₹30.60 crore initial share sale is entirely a fresh issuance of 30,00,00 shares. There is no offer for sale (OFS) component.

The funds generated will be utilised for repayment of debt, part-funding working capital requirements and general corporate purposes.

Safecure Services IPO: Lot size

A lot consists of 1,200 shares. Retail investors can apply for a minimum of 2,400 shares. The company has reserved 50% of the net issue for retail investors, while the other half is for non-institutional investors.

Safecure Services IPO timeline: Allotment and listing dates

Safecure Services, founded in 2012, provides services relating to private security, facility management, e-surveillance and corporate interior fit-out work in the country. It provides e-surveillance services such as distinctive monitored intrusion alarm systems and services through its wholly owned subsidiary Safesense Tech Private Limited and real-time monitoring, especially for ATMs and bank branches.

It provides services to several customer segments, such as business entities, public sector entities, banks and multinational entities across India, with major revenue generated from Maharashtra and Kerala.

The company's shares are proposed to be listed on the BSE's SME platform.

Sun Capital Advisory Private Limited is the sole book-running lead manager for the IPO. Link Intime India serves as the registrar.

Safecure Services IPO: Financials