Safe Enterprises IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Thu Jun 19 2025

Safe Enterprises IPO is open for bidding on 20th June 2025. It is a bookbuilding IPO that comprises a fresh issue of 116.76 lakh shares worth ₹161.13 crores. The issue will be listed on NSE and SME on its tentative listing date, 27th June 2025.
Safe Enterprises IPO Details
Safe Enterprises IPO date is fixed between 20th June 2025 and 24th June 2025. The face value of Safe Enterprises Retail Fixtures Limited shares stands at ₹10 per share, and the IPO price band is fixed at ₹131 to ₹138 per share.
Maashitla Securities Private Limited is the registrar of the Safe Enterprises IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 20th June 2025 |
IPO Close Date | 24th June 2025 |
IPO Allotment Date | 25th June 2025 |
Refund Initiation | 26th June 2025 |
Issue Size | 1,16,76,000 shares (worth ₹161.13 crore) |
Face Value | ₹5 per share |
Lot Size | 1,000 shares |
Issue Price Band | ₹131 to ₹138 per share |
Market Makers Portion | 6,24,000 shares |
Issue Type | Bookbuilding IPO |
Listing At | NSE & SME |
Listing Date | 27th June 2025 |
Safe Enterprises IPO Share Reservation
Safe Enterprises IPO is a bookbuilding IPO issue of 1.16 crore shares worth ₹161.13 crores. Safe Enterprises Retail Fixtures Limited shares will be listed on the NSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Reservation Required |
QIB Shares Offered | <50% of the Net Issue |
Retail Shares Offered | >35% of the Net Issue |
NII (HNI) Shares Offered | >15% of the Net Issue |
Total Shares Offered | 100.00% |
Safe Enterprises IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on Safe Enterprises IPO GMP? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
19-06-2025 | ₹138 | ₹0 | ₹138 | 0.00% |
18-06-2025 | ₹138 | ₹0 | ₹138 | 0.00% |
17-06-2025 | ₹138 | ₹0 | ₹138 | 0.00% |
16-06-2025 | ₹138 | ₹0 | ₹138 | 0.00% |
15-06-2025 | ₹138 | ₹0 | ₹138 | 0.00% |
14-06-2025 | ₹138 | ₹0 | ₹138 | 0.00% |
13-06-2025 | ₹138 | ₹0 | ₹138 | 0.00% |
As of 19th June 2025, Safe Enterprises IPO GMP stands at ₹0 per share, which means the share will likely show a listing at ₹138 (138+0) on its tentative listing date, 27th June 2025.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Safe Enterprises IPO. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Safe Enterprises IPO Review

Check out the detailed Safe Enterprises IPO review for a thorough understanding of its potential to report listing gains on 27th June 2025. The Safe Enterprises IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business financials before applying for the Safe Enterprises IPO.
Safe Enterprises Retail Fixtures Limited’s revenue rose 37.82% from ₹101.38 crores in March 2024 to ₹139.73 crores in March 2025. Moreover, the company’s PAT increased by 69.72% from ₹23.09 crores to ₹39.19 crores.
Safe Enterprises Retail Fixtures Limited has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Safe Enterprises IPO for its tentative listing day, which is 27th June 2025.
Technical Analysis
A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Safe Enterprises IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 12.08 |
EPS (Earnings Per Share) | 11.42 |
RoNW | 54.37% |
ROE (Return on Equity) | 77.54% |
ROCE | 69.10% |
PAT Margin (Profit After Tax) | 28.33% |
Market Capitalisation | ₹634.53 cr. |
The PE ratio of Safe Enterprises Retail Fixtures Limited shares is 12.08, and its Earnings Per Share (EPS) stands at 11.42. The Safe Enterprises IPO can potentially deliver gains on its tentative listing date, 27th June 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Safe Enterprises Retail Fixtures Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Indicators | Pre-IPO | Post-IPO |
PE Ratio | 12.08 | 16.19 |
EPS | 11.42 | 8.52 |
Safe Enterprises IPO Subscription Status
Safe Enterprises IPO is now open for bidding on 20th June 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Safe Enterprises IPO Subscription Status.
Investor Category | Shares Offered | Shares Subscribed | Subscription in Times |
Retail Investors | Yet to be announced | Yet to be announced | Yet to be announced |
QIB | Yet to be announced | Yet to be announced | Yet to be announced |
NII (sNII+bNII) | Yet to be announced | Yet to be announced | Yet to be announced |
Market Maker | 6,24,000 | Yet to be announced | Yet to be announced |
Total | Yet to be announced | Yet to be announced | Yet to be announced |
About Safe Enterprises Retail Fixtures Limited

Safe Enterprises Retail Fixtures Limited was 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.
Safe Enterprises Retail Fixtures Limited Financials
The company’s financial analysis is essential before applying for the Safe Enterprises IPO. Look at the table to learn about Safe Enterprises Retail Fixtures Limited’s financials.
Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) |
Assets | 101.94 | 54.40 |
Revenue | 139.73 | 101.38 |
Profit After Tax | 39.19 | 23.09 |
Debt | 0.00 | 0.00 |
Net Worth | 72.08 | 28.99 |
Explanation
Safe Enterprises Retail Fixtures Limited’s revenue rose 37.82% from ₹101.38 crores in March 2024 to ₹139.73 crores in March 2025. Moreover, the company’s PAT increased by 69.72% from ₹23.09 crores to ₹39.19 crores.
Safe Enterprises IPO Bidding Requirements
Safe Enterprises IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.
Investor Category | Lots | Shares | Amount (in Rs) |
Retail (Minimum) | 1 | 1,000 shares | ₹1,38,000 |
Retail (Maximum) | 1 | 1,000 shares | ₹1,38,000 |
HNIs (Minimum) | 2 | 2,00 shares | ₹2,76,000 |
Use the lot size calculator to find how many shares you should apply!
Safe Enterprises IPO Promoter Holdings
Have a look at the table below to check the holdings of Safe Enterprises Retail Fixtures Limited’s promoters: Saleem Shabbir Merchant, Mikdad Saleem Merchant, Huzefa Salim Merchant, and Munira Salimbhai Merchant.
Share Holding Pre-Issue | 95.18% |
Share Holding Post-Issue | -% |
Note: Promoter Holdings’ value is to be calculated using Equity dilution, which represents the gap between shareholdings before and after the Issue.
Aim of Safe Enterprises IPO
The primary aim of Safe Enterprises IPO is to raise ₹161.13 crores. On the other hand, Safe Enterprises Retail Fixtures Limited has decided to utilise these funds in different practices. Explore some of the secondary objectives for Safe Enterprises IPO.
- To meet general corporate purposes.
- To meet working capital requirements.
- To invest in the subsidiary, Safe Enterprises Retail Technologies Private Limited.
Should I Invest in the Safe Enterprises IPO?
“SERFL is engaged in the business of merchandising solutions and related services. It posted growth in its top and bottom lines for reported periods. Boosted margins for FY24 and FY25 raise eyebrows and concern over its sustainability going forward. Based on its recent financial data, the issue appears aggressively priced. The company is operating in a highly competitive and fragmented segment. Well-informed/cash surplus investors may park moderate funds for medium term.”~Dilip Davda (Chief Editor at Chittorgarh)
Explore the pros and cons of Safe Enterprises IPO to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of Safe Enterprises IPO
- Experienced and Qualified Promoters
- Diverse and Innovative Product Portfolio
- Zero Debt
Cons of Safe Enterprises IPO
- Low Employee Base
- Low Market Capitalisation
How to Apply for Safe Enterprises IPO?

Check the steps mentioned below to apply for the Safe Enterprises IPO.
- Step 1: Conduct thorough research on Safe Enterprises IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for one lot of 1,000 shares worth ₹1,28,000 of Safe Enterprises IPO.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Safe Enterprises IPO from more than one demat account to increase your allotment chances.
How to Check Safe Enterprises IPO Allotment Status?
You can check for Safe Enterprises IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On NSE
- Visit the NSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose Safe Enterprises IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Safe Enterprises IPO allotment status.
Let’s Wrap
Safe Enterprises IPO is a bookbuilding issue of 116.76 lakh shares worth ₹161.13 crores. The shares of Safe Enterprises Retail Fixtures Limited will be listed on NSE and SME on its tentative listing date of 27th June 2025. Researching Safe Enterprises IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted its pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Safe Enterprises IPO
How is the Safe Enterprises IPO?
Ans. Currently, on 19th June 2025, Safe Enterprises IPO GMP (Grey Market Premium) stands at ₹0 (0.00% up). It indicates that the estimated listing price could be ₹138 per share. It is a bookbuilding IPO that comprises a fresh issue of 116.76 lakh shares worth ₹161.13 crores. The face value of each share of Safe Enterprises Retail Fixtures Limited is ₹5.
What is the Safe Enterprises IPO price?
Ans. Safe Enterprises IPO price band has been set between ₹131 and ₹138 per share. Retail investors can apply for a minimum of 1 lot consisting of 1,000 shares worth ₹1,38,000. Moreover, HNIs are required to bid for a minimum of 2 lots (2,000 shares) worth ₹2,76,000.
Is the Safe Enterprises IPO good?
Ans. During FY24- 25, Safe Enterprises Retail Fixtures Limited’s revenue rose 37.82% from ₹101.38 crores in March 2024 to ₹139.73 crores in March 2025. Moreover, the company’s PAT increased by 69.72% from ₹23.09 crores to ₹39.19 crores. Investors can analyse other relevant factors and make a decision accordingly.
Who is the registrar of the Safe Enterprises IPO?
Ans. Maashitla Securities Private Limited is the registrar of Safe Enterprises IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding Safe Enterprises IPO allotment and refund, you can contact Maashitla Securities Private Limited at investor.ipo@maashitla.com or +91-11-45121795-96.
What is the issue size of the Safe Enterprises IPO?
Ans. Safe Enterprises IPO is a bookbuilding IPO for 116.76 lakh shares worth ₹161.13 crore. Moreover, the IPO is set to open on 20th June 2025 and will be closed on 24th June 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Safe Enterprises IPO, download the Safe Enterprises IPO RHP and Safe Enterprises IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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