This is a completely fresh issue comprising 1.16 crore equity shares. The price band has been fixed at Rs 131 to Rs 138 per share, and investors can apply for a minimum of one lot, which includes 1,000 shares.
Ahead of the IPO opening, the GMP is Rs 0. The issue allocation structure reserves 47.46% of the shares for qualified institutional buyers (QIBs), 14.24% for non-institutional investors (NIIs), and 33.23% for retail individual investors (RIIs).
Incorporated in 1976, Safe Enterprises Retail Fixtures provides end-to-end shopfitting solutions—right from design to installation—across multiple retail categories including fashion, electronics, and hypermarkets. Some of its notable clients include Zudio, Westside, Godrej Nature’s Basket, Reliance Retail, and Future Group. The company manufactures display racks, shelving systems, checkout counters, mannequins, and visual merchandising units across its three plants in Maharashtra.
Financially, the company reported a strong FY25 with revenue of Rs 139.73 crore and net profit of Rs 39.19 crore. Its return on equity (ROE) stands at an impressive 77.54%, with a post-issue price-to-earnings (P/E) multiple of 16.19.
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The IPO proceeds will be used to fund a new manufacturing unit, invest in its subsidiary for machinery installation and working capital needs, and cover general corporate expenses.Hem Securities is acting as the book-running lead manager and Maashitla Securities is the registrar to the issue.
