Safe Enterprises Retail Fixtures IPO: GMP, Subscription Status, Price Band And Other Key Details

Safe Enterprises Retail Fixtures Ltd. launched its initial public offering (IPO) on Friday to raise over Rs 160 crore from the primary market. The company manufactures retail fixtures for fashion and electronics stores. Investors, looking forward to applying for shares of Safe Enterprises Retail Fixtures in the IPO, can check key details before submitting bids.

The Safe Enterprises Retail Fixtures IPO is a book-building issue worth Rs 161.13 crore, comprising entirely a fresh issuance of 1.17 crore shares.

Safe Enterprises Retail Fixtures IPO price band has been fixed between Rs 131 and Rs 138 per share.

Retail investors can invest in the IPO by bidding for a single lot size of 1,000 shares, requiring an investment of Rs 1,38,000. High Net-Worth Individuals need to bid for at least two lots, or 2,000 shares, aggregating to Rs 2,76,000.

A minimum of 35% of the net issue is reserved for retail investors. At least 15% of the net issue is reserved for Non-Institutional Investors.  For the Qualified Institutional Buyers, the company has set aside 50% of the net issue. 

Hem Securities Ltd. is the book-running lead manager of the Safe Enterprises Retail Fixtures IPO. Maashitla Securities Pvt. is the registrar and Hem Finlease Pvt. is the market maker for the issue.  

The Safe Enterprises Retail Fixtures IPO will remain open for subscription from June 20 to June 24. The IPO share allotment status is expected to be finalised on June 25. Successful bidders are expected to receive the shares in their Demat accounts on June 26 and refunds for non-allottees will also be initiated on the same day.

Shares of the company are tentatively scheduled to be listed on the NSE SME platform on June 27.

The Safe Enterprises Retail Fixtures IPO has been subscribed 0.01 times as of 10:50 a.m.

• Qualified Institutional Buyers: nil

• Non-Institutional Investors: 0.01 times

• Retail Investors: 0.02 times

*The subscription status will be updated at regular intervals

According to InvestorGain, the grey market premium (GMP) for the IPO was Rs 20 as of 9 a.m. on June 20. As per the current GMP trends, the IPO is likely to list at Rs 158 apiece at a premium of 14.49%.

Note: GMP does not represent official data and is based on speculation.

The company manufactures customised fixtures for retailers across industries such as electronics, fashion and department stores. Its notable clients include Zudio and Nature's Basket.

Use Of Proceeds

The company has proposed to use proceeds from the IPO to fund capital expenditure to set up a new manufacturing unit, to meet working capital requirements and for general corporate purposes. 

Financials

The company’s profit after tax (PAT) surged 69.7% year-on-year (YoY) to Rs 39.19 crore in FY25 from Rs 23.09 crore in FY24. Total income increased 37.8% YoY to Rs 139.73 crore in FY25 from Rs 101.38 crore in FY24. 

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.