When the market opened today, Safecure Services walked into its listing day with more pressure than momentum. Investors tracking the Safecure Services IPO listing were watching closely, expecting a steady debut. Instead, the stock stepped into the session with a noticeable gap between its issue price and its first trade.
Market Performance: Safecure Services Share Price Today
Safecure Services share price started its journey on the BSE SME platform at ₹81.60, which was 20% lower than the issue price of ₹102.
That soft start didn’t stop there. The stock slipped further and touched the 5% lower circuit at ₹77.55, reflecting the cautious sentiment around the newly listed company.
For a fresh IPO entering the market, the early dip added pressure right from the opening bell.
And the momentum stayed tilted to the downside through the session.
Main News: Safecure Services IPO Listing Breakdown
The Safecure Services IPO listing news drew attention because of its weaker-than-usual subscription numbers. The IPO kept things simple with a fixed-price structure, but the bidding turnout hinted at mixed confidence before the listing.
Here’s how the subscription numbers shaped up:
- Overall Subscription: 1.81 times
- Retail Portion: 3.31 times
- NII Portion: 0.32 times (undersubscribed)
The IPO ran from October 29 to October 31, offering shares worth ₹31 crore entirely through a fresh issue of 0.30 crore shares at ₹102 per share.
The company also outlined the allocation of IPO proceeds clearly:
- ₹4.75 crore for repayment of borrowings
- ₹3.50 crore for loan repayment of its wholly owned subsidiary
- ₹4.50 crore for general corporate purposes
- ₹13 crore earmarked for working capital needs
The application structure required investors to apply in lots of 1200 shares, with retail participation starting from two lots, amounting to a minimum investment of ₹2,44,800.
Company Details: What Safecure Services Does
Safecure Services operates across multiple service verticals, covering private security, e-surveillance, facility management, and corporate interior fit-out solutions.
Through its wholly owned subsidiary, Safesense Tech Private Limited, the company offers a range of e-surveillance solutions, including:
- Monitored intrusion alarm systems
- Central intrusion detection and prevention services
This multi-segment approach positions the company in both physical security and technology-driven monitoring services—two critical needs for businesses across India.
Summary: Listing Day Starts on a Weak Note
The Safecure Services stock price opened at a discount and continued to slide through the session, touching the 5% lower band. A combination of moderate subscription levels and cautious market mood shaped the outcome of its listing day.
With the Safecure Services IPO listing now complete, the focus shifts to how the company navigates its operational plans using the capital raised—especially in areas like working capital, loan repayment, and strengthening its security and e-surveillance services footprint across India.
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