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SME IPO News

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(20 Jun 2025, 17:16)

NSE SME IPO of Safe Enterprises Retail Fixtures subscribed 56%

The offer received bids for 49.22 lakh shares as against 88.77 lakh shares on offer.


The initial public offer (IPO) of Safe Enterprises Retail Fixtures received bids for 49,22,000 shares as against 87,99,000 shares on offer, as per NSE data as of 17:00 hours on Friday (20 June 2025). The issue was subscribed 0.56 times.

The issue opened for bidding on Friday (20 June 2025) and it will close on Tuesday (24 June 2025). The price band of the IPO is fixed between Rs 131 to Rs 138 per share. The minimum order quantity is 1,000 equity shares. The equity shares will list on NSE’s SME platform.

The IPO comprises fresh issue of 1,23,00,000 equity shares. The promoter and promoter group shareholding will dilute to 70.07% from 95.19% pre-issue.

About 6,24,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 1,16,76,000 equity shares including anchor allocation portion. The issue and the net issue will constitute 26.39% and 25.05%, respectively of the post issue paid up equity share capital of the company.

The company intends to utilize the net proceeds for funding the capital expenditure requirements towards setting up of a new manufacturing unit, investment in our subsidiary, Safe Enterprises Retail Technologies 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 its subsidiary Safe Enterprises Retail Technologies to meet working capital requirements and general corporate purpose.

Ahead of the Safe Enterprises Retail Fixtures on Thursday, 19 June 2025, raised Rs 48.31 crore from anchor investors. The board has allotted 35.01 lakh shares at Rs 138 per share to 19 anchor investors.

Safe Enterprises Retail Fixtures is engaged in the business of designing, manufacturing, supplying, and installing shop fittings and retail fixtures. It offers a wide range of customized in-store solutions across multiple retail segments such as fashion and apparel, electronics, and departmental stores. The company provides merchandising solutions that address the challenges faced by retailers and brand marketers in the rapidly evolving retail industry—specifically in product display, placement, storage, and safety. It delivers end-to-end shop fitting solutions, from conceptual design and prototyping to manufacturing and installation, tailored to meet the specific needs of its customers.

Safe Enterprises also offers innovative shop fitting solutions, including modular and electrified fixtures that integrate seamlessly with various digital technologies such as LED lighting, digital screens, and display stands for retail outlets. As of 31 March 2025, the company had employed 266 permanent full-time employees.

The company recorded revenue from operations of Rs 138.31 crore and net profit of Rs 39.19 crore for the period ended 31 March 2025.

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