Listing today

Safe Enterprises Retail Fixtures Limited IPO

Safe Enterprises Retail Fixtures Limited is a retail infrastructure company specializing in the design, manufacturing, supply, and installation of custom retail fixtures and fittings. Headquartered in Mumbai, the company caters to a wide spectrum of retail clients including fashion outlets, consumer electronics stores, department chains, and specialty stores. Its products include modular display systems, illuminated fixtures, smart shelving units, and store furniture designed to enhance customer experience and optimize space utilization.

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Min Investment

₹1,38,000

Lot Size

1,000 Shares

Price Range

₹138.0

Issue Size (₹ Cr.)

₹169.74

IPO Type

NSE SME

Key Metrics

Face Value

₹ 5

GMP

₹ 6.0

Subscription

14.70x

EPS

₹ 6.99

P/E Ratio

12.2 x

RoNW

79.64%

ROE

105.34%

Debt to Equity (₹ Cr.)

0.03

Timeline

IPO Opened20/06/2025Friday

IPO Closed24/06/2025Tuesday

Allotted25/06/2025Wednesday

Refunded26/06/2025Thursday

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Strengths

Strong Financial Growth: Consistent rise in revenue and profits over the last three years.
In-House Manufacturing: Own facilities ensure better quality control and faster delivery.
Diverse Client Base: Serves fashion, electronics, and department stores across India and abroad.
Custom Retail Solutions: Offers modular and LED-integrated fixtures tailored to client needs.
Experienced Leadership: Promoters have decades of industry experience and business acumen.

Weaknesses

Asset Ownership Risk: Operates from rented premises, posing lease renewal and cost escalation risks.
Customer Concentration: Revenue is heavily dependent on a few key clients.
Limited Brand Visibility: Not yet a widely recognized name in the retail fixture industry.
SME Listing Constraints: Being listed on NSE Emerge may limit liquidity and investor participation.
Working Capital Intensive: High dependence on working capital due to customized, project-based operations.