Final Day! Safe Enterprises IPO: Check GMP, Subscription Status, Allotment Details And More

The initial public offering of Safe Enterprises Retail Fixtures Ltd., which launched on Friday, closed for subscription today. The public issue was booked over 14 times on its final day. The SME IPO was fully subscribed on Day 2.

The company aims to raise over Rs 160 crore from the primary market.

Here's all you need to know about Safe Enterprises Retail Fixtures IPO - including the latest grey market premium, day 3 subscription status, allotment and listing dates, where to check status and more.

The Safe Enterprises Retail Fixtures IPO was subscribed 14.70 times on Tuesday

• Qualified Institutional Buyers: 34.31 times

• Non-Institutional Investors: 12.51 times

• Retail Investors: 4.44 times

*The subscription status will be updated at regular intervals

According to InvestorGain, the grey market premium (GMP) for the IPO was Rs 3 as of 5 p.m. on June 24. According to current GMP trends, the IPO is likely to list at Rs 141 per share, indicating an expected gain of 2.17%

According to the current GMP trends, the grey market premium for the SME issue was as high as Rs 24 when the IPO opened for subscription and as low as Rs 3 on Tuesday.

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

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.

As per the company's RHP document, of the 1,29,24,000 shares on offer:

• 23,36,000 (18.07%) are allocated to Qualified Institutions

• 17,52,000 (13.56%) are allocated to Non-Institutional Buyers

• 40,87,000 (31.62%) are allocated to Retail Investors

• 35,01,000 (27.09%) are allocated to Anchor investors.

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 share allotment status for Safe Enterprises Retail Fixtures IPO 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.

Once the IPO allotment is finalised, investors can verify their share allotment status on the websites of NSE and Maashitla Securities Services.

NSE: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Maashitla: https://maashitla.com/allotment-status/public-issues

Business

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

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.

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. 

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.