Latest news with #SafeEnterprises
&w=3840&q=100)
Business Standard
8 hours ago
- Business
- Business Standard
Safe Enterprises IPO Day 2 update; check subscription data, GMP, key dates
Safe Enterprises IPO subscription status: The initial public offering (IPO) of merchandising solutions provider Safe Enterprises Retail Fixtures has received a muted response from the investors so far. The public offering, which opened for subscription on Friday, June 20, 2025, has received bids for 1,55,14,000 shares against 87,99,000 on offer, till 1:40 PM on Monday, June 23, showed the NSE data. This translates into an oversubscription of 1.76 times. Safe Enterprises IPO details The SME offering, valued at around ₹169.74 crore, comprises an entirely fresh issue of 12.30 million equity shares. It does not have any offer for sale (OFS) component. Safe Enterprises IPO is available at a price band of ₹131 - ₹138 per share, and a lot size of 1,000 shares. Thus, the investors can bid for a minimum of 1,000 shares and in multiples thereof. A retail investor would require a minimum of ₹1,38,000 to bid for one lot or 1,000 shares of Safe Enterprises IPO. Safe Enterprises IPO grey market premium (GMP) today The unlisted shares of Safe Enterprises were commanding a decent premium in the grey markets on Monday. Sources tracking unofficial market activities revealed that the company's shares were quoted trading at around ₹148 per share, reflecting a grey market premium (GMP) of ₹10 or 7.25 per cent over the upper end of the issue price of ₹138. Safe Enterprises IPO timeline The public offering will remain available for subscription till Tuesday, June 24. Following that, the basis of allotment is expected to get finalised on Wednesday, June 25, with shares getting credited into demat accounts by Thursday, June 26. Safe Enterprises shares are slated to list on the NSE SME (NSE Emerge) tentatively on Friday, June 27. Safe Enterprises IPO objective The company proposes to use the proceeds from the public offering for funding the capital expenditure requirements towards the setting up of a new manufacturing unit, as well as for the investment in the subsidiary, Safe Enterprises Retail Technologies Private Limited, for financing its capital expenditure requirements related to the installation of additional plant and machinery. The company will further deploy the IPO proceeds for meeting working capital requirements, investment in the subsidiary Safe Enterprises Retail Technologies Private Limited to meet working capital requirements, and general corporate purposes. Safe Enterprises IPO registrar, lead manager Maashitla Securities serves as the registrar for the issue of Safe Enterprises, while Hem Securities acts as the sole book-running lead manager as well as the market maker for the offering. About Safe Enterprises Retail Fixtures Incorporated in 1976, Safe Enterprises Retail Fixtures designs, manufactures, and installs shop fittings and retail fixtures for various retail segments. The company provides customized solutions for display, placement, storage, and safety, serving clients like Zudio, Westside, and Reliance Retail. Safe Enterprises offers a range of products, including gondola shelving, checkout counters, display racks, and storage fixtures. The company has three manufacturing units in Maharashtra and sells products in over 25 states and union territories.
Entrepreneur
8 hours ago
- Business
- Entrepreneur
Safe Enterprises Retail Fixtures Launches INR 169.74 Cr IPO
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Safe Enterprises Retail Fixtures Limited (SERFL), a leading player in the design, manufacturing, and installation of retail shop fittings and fixtures, has announced the launch of its INR 169.74 crore Initial Public Offering (IPO) on the NSE Emerge platform. The public issue will open on June 20, 2025, and close on June 24, 2025. The IPO comprises a fresh issue of 1.23 crore equity shares with a face value of INR 5 each. The price band for the offering is set between INR 131 and INR 138 per equity share. The company aims to raise INR 16,974 lakhs through the issue. Hem Securities Limited is acting as the book-running lead manager for the issue, while Maashitla Securities Private Limited is the registrar. The proceeds from the IPO will be primarily used to fund capital expenditure for setting up an integrated manufacturing facility. This includes land acquisition, civil construction, and procurement of plant and machinery, with an allocation of INR 65.88 crore. An additional INR 6.99 crore will be invested in the company's subsidiary, Safe Enterprises Retail Technologies Private Limited, for infrastructure development. Furthermore, INR 40 crore will be used to meet working capital requirements for both the parent company and its subsidiary. The remaining funds will be used for general corporate purposes. In FY25, the company reported consolidated revenue of INR 138.31 crore, with an EBITDA of INR 52.11 crore, reflecting a strong margin of 37.67%. Net profit for the year stood at INR 39.18 crore, translating to a net margin of 28.33%. The company also reported a high return on equity (ROE) of 77.54% and return on capital employed (ROCE) of 69.10%. Between FY23 and FY25, revenue grew at a CAGR of 33.84%, while profit after tax grew at a remarkable 80.04% CAGR. Originally founded in 1976 as a partnership firm, the company was restructured and incorporated as Safe Enterprises Retail Fixtures Limited in July 2024. Headquartered in Navi Mumbai, the company operates three manufacturing units and has an Experience Centre in Cochin. It caters to a wide array of retail sectors including fashion, electronics, and department stores. SERFL offers both traditional and modular retail fixture solutions, many of which integrate modern technologies such as IoT-enabled components, digital displays, and electrified systems. The company is led by Chairman and Managing Director Saleem Shabbir Merchant, who has over 48 years of industry experience, along with Mikdad Merchant, CFO, and Huzefa Merchant, Director.
