Safe Enterprises Retail Fixtures IPO is a book building of ₹161.13 crores. The issue is entirely a fresh issue of 116.76 lakh shares.

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Safe Enterprises Retail Fixtures IPO opens for subscription on June 20, 2025 and closes on June 24, 2025. The allotment for the Safe Enterprises Retail Fixtures IPO is expected to be finalized on Wednesday, June 25, 2025. Safe Enterprises Retail Fixtures IPO will be list on NSE SME with a tentative listing date fixed as Friday, June 27, 2025.
Safe Enterprises Retail Fixtures IPO price band is set at ₹131 to ₹138 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,31,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,38,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,76,000.
Hem Securities Limited is the book-running lead manager of the Safe Enterprises Retail Fixtures IPO, while Maashitla Securities Private Limited is the registrar for the issue.The market maker for Safe Enterprises Retail Fixtures IPO is Hem Finlease Private Limited.
Safe Enterprises Retail Fixtures IPO Details
| IPO Date | June 20, 2025 to June 24, 2025 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Issue Price Band | ₹131 to ₹138 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size (Ex Market Maker) | 1,16,76,000 shares (aggregating up to ₹161.13 Cr) |
| Fresh Issue (Ex Market Maker) | 1,16,76,000 shares (aggregating up to ₹161.13 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 3,43,04,478 shares |
| Share Holding Post Issue | 4,59,80,478 shares |
| Market Maker Portion | 6,24,000 shares Hem Finlease Private Limited |
Safe Enterprises Retail Fixtures IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
(Tentative Schedule)
Safe Enterprises Retail Fixtures IPO opens on June 20, 2025, and closes on June 24, 2025.
| IPO Open Date | Fri, Jun 20, 2025 |
| IPO Close Date | Tue, Jun 24, 2025 |
| Tentative Allotment | Wed, Jun 25, 2025 |
| Initiation of Refunds | Thu, Jun 26, 2025 |
| Credit of Shares to Demat | Thu, Jun 26, 2025 |
| Tentative Listing Date | Fri, Jun 27, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 24, 2025 |
Safe Enterprises Retail Fixtures IPO Lot Size
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,38,000 |
| Retail (Max) | 1 | 1000 | ₹1,38,000 |
| HNI (Min) | 2 | 2,000 | ₹2,76,000 |
| Lot Size Calculator | |||
Safe Enterprises Retail Fixtures IPO Promoter Holding
The promoters of the company are Saleem Shabbir Merchant, Mikdad Saleem Merchant, Huzefa Salim Merchant and Munira Salimbhai Merchant.
| Share Holding Pre Issue | 95.18% |
| Share Holding Post Issue |
About Safe Enterprises Retail Fixtures Limited
Incorporated in 1976, Safe Enterprises Retail Fixtures Limited designs, manufactures, supplies, and installs shop fittings and retail fixtures, providing a range of customized solutions across various retail segments such as fashion, electronics, and department stores.
The company provides merchandising solutions that address retail challenges in display, placement, storage, and safety, offering shop fitting services from design to installation tailored to customer needs.
The company serves various retail sectors like fashion, electronics, grocery, and luxury. Clients include major Indian chains and hypermarkets, such as:
- Zudio & Westside – Fixtures for fashion.
- Godrej Nature’s Basket – Custom shelving for gourmet stores.
- Reliance Retail & Future Group – Installations for hypermarkets.
The company offers the following products & services.
- Gondola Shelving – Modular shelves for supermarkets.
- Checkout Counters – Ergonomic designs to improve customer experience.
- Display Racks & Stands – Customizable for fashion, electronics, and FMCG.
- Mannequins & Visual Merchandising Displays – Modern solutions for store aesthetics. and branding.
- Storage & Backroom Fixtures – High-capacity shelving for stockrooms.
- Custom Fixture Design:Personalized solutions that seamlessly blend functionality with aesthetics.
- Innovative Solutions:Creative designs that adapt to the ever-evolving retail trends.
The company has three manufacturing units, two of which are situated in Mumbai and one in Thane, Maharastra.
The company has two franchisees in Navi Mumbai and Hyderabad, as well as two distributors in Dubai and Kansas City.
The company sells products in over 25 states and union territories, with most revenue from Maharashtra, followed by Karnataka and Gujarat.
As of October 31, 2024, the company had 15 employees in the design team.
Competitive Strength:
- In-house product manufacturing capabilities.
- Established relationships with customers across various geographical locations.
- Experienced Senior Management backed by design and development team.
- Positive consumer experience and long-term brand loyalty.
Safe Enterprises Retail Fixtures Limited Financial Information
| Period Ended | 30 Mar 2025 | 31 Mar 2024 |
| Assets | 101.94 | 54.40 |
| Revenue | 139.73 | 101.38 |
| Profit After Tax | 39.19 | 23.09 |
| Net Worth | 72.08 | 28.99 |
| Reserves and Surplus | 54.92 | 4.36 |
| Total Borrowing | 0.00 | 0.00 |
| Amount in ₹ Crore | ||
Key Performance Indicator (KPI)
The market capitalization of Safe Enterprises Retail Fixtures IPO is ₹634.53 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 77.54% |
| ROCE | 69.10% |
| RoNW | 54.37% |
| PAT Margin | 28.33% |
| Price to Book Value | 6.57 |
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