Safe Enterprises Retail Fixtures Limited IPO (Safe Enterprises Retail Fixtures IPO) Details

 Get complete details about Safe Enterprises Retail Fixtures IPO, including IPO dates, price band, lot size, GMP, allotment, financials, and key strengths. Know if this SME IPO is worth investing in 2025.

Safe Enterprises Retail Fixtures IPO – Quick Overview

Safe Enterprises Retail Fixtures Limited, established in 1976, is launching its IPO under the SME category. The company is known for designing, manufacturing, and installing custom shop fittings and retail fixtures for fashion, electronics, grocery, and luxury stores. It works with well-known brands like Zudio, Westside, Godrej Nature’s Basket, Reliance Retail, and Future Group. Safe Enterprises Retail Fixtures IPO is an SME IPO with a book-built issue of ₹161.13 crore. The company specializes in designing, manufacturing, supplying, and installing customized shop fittings and retail fixtures. It offers tailored solutions for various retail sectors, including fashion, electronics, grocery, and department stores.

The company provides end-to-end retail solutions, covering display, storage, placement, safety, and complete shop fitting services — from initial design to final installation, meeting the unique needs of each client’s store.


Key Products:

  • Gondola shelves for supermarkets

  • Checkout counters (checkstands)

  • Display racks for fashion and FMCG

  • Bust forms and display heads for branding

  • Storage solutions for backrooms

  • Custom fixtures and creative seasonal designs

IPO Details

The IPO opens on 20 June 2025 and closes on 24 June 2025.
 Allotment is expected on 25 June 2025, and shares are likely to be listed on 27 June 2025 at NSE SME.

  • IPO Size: ₹161.13 crore

  • Price Band: ₹131 to ₹138 per share

  • Face Value: ₹5 per share

  • Lot Size: 1,000 shares (minimum investment ₹1,38,000)

  • Listing: NSE SME

  • Registrar: Maashitla Securities Pvt Ltd

  • Lead Manager: Hem Securities Limited

Retail investors can apply for a minimum of 1 lot (1,000 shares) with ₹1,38,000 investment. HNI investors need to apply for at least 2 lots (2,000 shares) with ₹2,76,000 investment.

IPO Reservation:

  • 50% for Institutional Investors

  • 35% for Retail Investors

  • 15% for Non-Institutional Investors (HNIs)

Financial Highlights (As of 31 March 2025)

  • Total Assets: ₹101.94 crore

  • Total Revenue: ₹139.73 crore

  • Profit After Tax: ₹39.19 crore

  • Net Worth: ₹72.08 crore

Cash flow from operations was ₹3,105.37 lakh in FY 2024-25, showing strong operating performance.

Valuation

The IPO’s P/E ratio is around 12.08x based on FY 2024-25 earnings, which is lower compared to the industry average P/E of 21.31x. This indicates the IPO is fairly priced.

Company Strengths:

  • In-house manufacturing

  • Strong client base across India and abroad

  • Experienced management

  • Loyal customer relationships

Risks:

  • High dependency on third-party transportation

  • Strong competition in the retail fixture industry

  • Potential risks from market fluctuations and valuation declines

Grey Market Premium (GMP)

As of 18 June 2025, the GMP is ₹0, indicating no premium in the grey market at the time of writing.

Promoters:

The company is led by Saleem Shabbir Merchant, Mikdad Saleem Merchant, Huzefa Salim Merchant, and Munira Salimbhai Merchant.
 Before the IPO, promoters held 95.18% of the company’s shares.

Conclusion:

The Safe Enterprises Retail Fixtures IPO looks promising with solid financials, a well-established client base, and reasonable pricing compared to industry peers. However, investors should stay aware of industry competition and logistics risks.

Frequently Asked Questions (FAQ) – Safe Enterprises Retail Fixtures IPO

1. What is the Safe Enterprises Retail Fixtures IPO?

It is a public issue under the SME IPO category where Safe Enterprises Retail Fixtures Limited is offering ₹161.13 crore worth of fresh shares to the public.

2. What are the IPO opening and closing dates?

The IPO will open for subscription on 20 June 2025 and close on 24 June 2025.

3. What is the IPO listing date?

The IPO is expected to list on the NSE SME platform on 27 June 2025.

4. What is the price of Safe Enterprises Retail Fixtures IPO?

The IPO price band is set between ₹131 to ₹138 per share.

5. What is the minimum investment required?

Retail investors need to apply for at least 1 lot (1,000 shares), which costs ₹1,38,000. For HNIs, the minimum application is 2 lots (2,000 shares).

6. What is the Grey Market Premium (GMP) for this IPO?

As of 18 June 2025, the GMP is ₹0. The GMP may change closer to the listing date.

7. How much of the IPO is reserved for retail investors?

35% of the IPO shares are reserved for retail investors. 50% is reserved for institutional investors, and 15% is for HNI investors.

8. What will the company do with the IPO funds?

The company plans to use the IPO proceeds to:

  • Set up a new industrial facility.

  • Invest in its subsidiary for plant and equipment.

  • Meet working capital requirements.

  • Support general corporate activities.

9. Is this IPO fairly priced?

Yes, based on its price-to-earnings (P/E) ratio of 12.08x, the IPO is reasonably priced compared to the industry average P/E of 21.31x.

10. Who are the promoters of Safe Enterprises Retail Fixtures?

The promoters include:

  • Saleem Shabbir Merchant

  • Mikdad Saleem Merchant

  • Huzefa Salim Merchant

  • Munira Salimbhai Merchant

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