Subscription and issue details
The IPO, which was open for bidding from October 29 to October 31, received decent participation across investor categories. The offering was fully subscribed, supported by both retail and non-institutional investors. The company issued 30 lakh shares at a fixed price of Rs 102 each, aggregating to Rs 30.6 crore.
The retail investor portion comprised 47.52% of the offer, while 47.48% was allocated to non-institutional investors. A total of 1.5 lakh shares were reserved for the market maker, Giriraj Stock Broking.
Company background
Founded in 2012, Safecure Services is a Thane-based security and facility management company offering a range of services including manned guarding, e-surveillance, housekeeping, and ATM management. It also provides interior fit-out services for corporate clients.
The company operates across India through 12 offices, catering to a diverse clientele that includes public and private sector firms, financial institutions, and multinational corporations. As of August 2025, Safecure employed 1,849 people across its business operations.
Financial performance
Safecure reported steady growth over the past three years. Its total income rose 16% to Rs 73.27 crore in FY25, while profit after tax increased 8% to Rs 6.16 crore. The company maintained healthy operating margins with EBITDA at Rs 12.4 crore and a PAT margin of 8.3% in FY25.
Given the zero grey market premium, the stock is expected to list near its issue price. While market sentiment remains subdued in the SME segment, the company’s diversified service portfolio and consistent profitability may support stable post-listing performance.
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