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Safe Enterprises Retail Fixtures IPO
Safe Enterprises Retail Fixtures Ltd
₹1,31,000 /1000 sharesMinimum Investment
Safe Enterprises Retail Fixtures IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹138.00 | ₹151.00 | ₹13.00 (9.42%) |
Safe Enterprises Retail Fixtures IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 20 Jun ‘25 - 24 Jun ‘25 | ₹1,31,000 | 1,000 | ₹131 - ₹138 |
| Issue Size | IPO Doc |
|---|---|
| 169.74Cr | RHP PDF |
Subscription rate
As of 24 Jun'25, 05:00 PM
| Qualified Institutional Buyers | 26.86x |
| Non-Institutional Investor | 7.31x |
| Retail Individual Investor | 2.91x |
| Total | 9.93x |
About Safe Enterprises Retail Fixtures
Founded in
2024
Managing director
Mr Saleem Shabbir Merchant
Parent organisation
Safe Enterprises Retail Fixtures Ltd
Strengths & Financials of Safe Enterprises Retail Fixtures
Strengths
Risks
Safe Enterprises Retail Fixtures claims to have comprehensive in-house manufacturing facilities located in Maharashtra. These facilities are equipped for metal fabrication, wood works, carpentry, painting, powder-coating, and other processes required for the production of shop fittings and retail fixtures. Furthermore, the company claims that it ensures quality by sourcing raw materials from trusted vendors and applying strict quality control measures, resulting in a low rejection rate and products that meet customer specifications.
The company claims to have built strong, long-term relationships with its major customers, both in India and internationally.
The company is ISO 9001:2015 certified for quality management systems and ISO 10001:2018 certified for quality management and customer satisfaction.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 38.63 crore (standalone) in FY22 to Rs 77.21 crore (standalone) in FY23 and Rs 100.91 crore (consolidated) in FY24. PAT increased from Rs 1.25 crore (standalone) in FY22, to Rs 12.09 crore (standalone) in FY23 and Rs 23.09 crore (consolidated) in FY24.
The top five customers accounted for Rs 53.81 crore (97.27 percent) of the company’s total revenue in the period ended September 30, 2024, Rs 89.73 crore (94.03 percent) in FY24, Rs 65.44 crore (89.77 percent) in FY23, and Rs 29.37 crore (79.05 percent) in FY22. Furthermore, the top customer accounted for 92.10 percent, 85.86 percent, 76.37 percent, and 58.50 percent of the revenue during these periods. Any failure to retain these key customers, expand the customer base, or a loss of business from any one of these key clients can adversely affect the company’s business and financial standing.
The top 10 suppliers accounted for Rs 19.21 crore (72.80 percent) of the company’s total raw material purchases in the period ended September 30, 2024, Rs 33.74 crore (70.89 percent) in FY24, Rs 30.15 crore (75.65 percent) in FY23, and Rs 19.65 crore (75.89 percent) in FY22. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
A major portion of the company’s raw material purchases is sourced from Maharashtra. It accounted for 99.00 percent, 97.63 percent, 98.26 percent, and 98.34 percent of the total purchases of raw material in the period ended September 30, 2024, FY24, FY23, and FY22, respectively. Any adverse social, political, or economic developments in this region could significantly disrupt the company’s operations.
As of September 2024, Safe Enterprises Retail Fixtures had outstanding trade payables amounting to Rs 15.62 crore, a sharp increase from Rs 9.40 crore in FY24. Any delays in clearing these payables or failure to meet payment schedules could negatively impact the company’s relationships with suppliers, potentially leading to disruptions in the supply of raw materials.
A significant portion of Safe Enterprises Retail Fixtures' revenue is derived from Maharashtra. It accounted for Rs 11.33 crore (20.47 percent), Rs 19.84 crore (20.79 percent) Rs 25.28 crore (34.68 percent), and Rs 9.72 crore (26.16 percent) of the company’s total sales during the period ended September 30, 2024, FY24, FY23, and FY22, respectively. Any adverse political, social, or economic developments in this region could negatively impact the company’s revenue and results of operations.
The company, its promoters, and directors are involved in various tax-related legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Safe Enterprises Retail Fixtures is exposed to foreign currency fluctuation risks, particularly concerning its export operations in the US, the UAE, and Oman.
As of September 30, 2024, the company had outstanding financial indebtedness amounting to Rs 31.70 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.
Safe Enterprises Retail Fixtures Financials
*All values are in Rs. Cr
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Application Details of Safe Enterprises Retail Fixtures IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹131 - 138 | ₹2 - 5 Lakh |
| High Networth Individual | ₹131 - 138 | ₹2 - 5 Lakh |
For Safe Enterprises Retail Fixtures IPO, eligible investors can apply as Regular.