Safecure Services IPO Subscribed 1.77 Times on Final Day

Safecure Services IPO Subscribed 1.77 Times; Allotment on November 3

The Safecure Services IPO, a fixed-price issue by Thane-based security and facility management solutions provider Safecure Services Ltd, concluded on October 31, 2025, with a subscription rate of 1.77 times. The public issue opened for bidding on October 29, attracting steady interest, especially from retail investors.

The company aims to raise ₹30.6 crore through the sale of 30 lakh shares at a fixed price of ₹102 per share. Following the close of bidding, the share allotment is scheduled for November 3, while listing on the BSE SME platform is expected on November 6, 2025.

Subscription Details and Investor Response

During the three-day bidding period, investors placed bids for 53.18 lakh shares against the total issue size of 30 lakh shares, indicating moderate but healthy demand.

• Total Subscription: 1.77 times the issue size
• Retail Investor Participation: 47.13 lakh shares applied through 1,964 applications
• Total Applications: 2,051

The strong retail participation underscores interest in small and mid-sized enterprises (SMEs) listed on the BSE SME platform, which has seen a rise in new listings throughout 2025.

IPO Structure and Objectives

The Safecure Services IPO is structured as a fixed-price issue, not a book-built one. Each share is priced at ₹102, with the total issue size aggregating to ₹30.6 crore.

The proceeds from the IPO will be used for the following purposes:

• Debt repayment and reduction to improve the balance sheet position
• Working capital requirements to support expanding operations
• General corporate purposes, including infrastructure and technology enhancement

The IPO is being managed by Sun Capital Advisory Services Pvt. Ltd., acting as the merchant banker for the issue.

Company Overview

Founded and headquartered in Thane, Maharashtra, Safecure Services provides integrated security and facility management solutions across India. The company’s service portfolio includes:

• Private Security Services
• E-Surveillance Solutions
• Facility Management (maintenance, cleaning, and support)
• Corporate Interior Fit-Outs

These services cater to both corporate and institutional clients, supporting end-to-end management of physical assets and workplace safety.

Financial Performance Snapshot

Quarter Ended June 2025 (Q1 FY26)

• Revenue: ₹18.3 crore
• Net Profit: ₹1.98 crore

Fiscal Year Ended March 2025 (FY25)

• Revenue: ₹73.1 crore, up 16.3% from ₹62.8 crore in FY24
• Net Profit: ₹6.2 crore, up 8.3% from ₹5.7 crore in FY24

The company’s growth trajectory reflects stable expansion across both revenue and profit metrics, supported by increased demand for managed security and facility services in urban and industrial zones.

With a valuation slightly above ₹100 crore, Safecure Services falls under the small-cap SME segment, where many businesses are leveraging IPOs to fund expansion and reduce debt burden.

Timeline of the IPO Process

Educational Insight: Understanding Fixed-Price SME IPOs

In a fixed-price IPO, the share price is pre-determined by the issuer, unlike book-built issues where a price band is offered. Investors know the exact price before bidding, and allocation depends on demand and availability.

SME IPOs (Small and Medium Enterprise IPOs) are typically launched by smaller companies with lower capital requirements, listed on dedicated platforms such as BSE SME or NSE Emerge. These listings help companies raise funds for growth while providing investors access to emerging businesses.

Key points investors and learners should understand:

• Minimum Investment: SME IPOs usually require higher minimum application amounts compared to mainboard IPOs.
• Listing Rules: SME-listed companies must meet specific regulatory and compliance standards before migrating to main exchanges.
• Liquidity: SME shares may have lower trading volumes but can offer long-term growth potential for companies scaling their operations.

Industry Context

The security and facility management industry in India has witnessed consistent growth driven by urbanization, infrastructure expansion, and rising corporate outsourcing of non-core services.

According to industry estimates, the sector benefits from:

• Increasing demand for integrated facility management
• Adoption of tech-enabled surveillance systems
• Growing awareness around workplace safety and efficiency

Within this context, Safecure Services’ business model aligns with expanding corporate and institutional needs across industrial parks, commercial properties, and residential complexes.

Conclusion

The Safecure Services IPO concluded with a 1.77 times subscription, backed by strong retail interest and steady financial growth. With its planned use of proceeds focused on debt reduction and working capital, the company aims to strengthen its financial foundation post-listing.

The upcoming listing on BSE SME will mark Safecure Services’ entry into the public market, contributing to the growing pipeline of SME IPOs tapping investor interest in India’s expanding services economy.