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Safecure Services IPO
Safecure Services Ltd
₹2,44,800 /1200 sharesMinimum Investment
Safecure Services IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 29 Oct ‘25 - 31 Oct ‘25 | ₹2,44,800 | 1,200 | ₹102 - ₹102 |
| Issue Size | IPO Doc |
|---|---|
| 30.60Cr | RHP PDF |
About Safecure Services
Founded in
2012
MD/CEO
Mr Shailendra Mahesh Pandey
Parent organisation
Safecure Services Ltd
Strengths & Financials of Safecure Services
Strengths
Risks
Safecure Services claims to offer a broad portfolio of services that includes private security, e-surveillance, facility management, and corporate interior fit-out services. This diversity allows the company to serve as a single point of contact for multiple client needs and achieve operational efficiencies through centralised functions such as finance, sales, and administration. The company also reports having in-house expertise to manage all stages of deployment and service management.
The company claims to leverage advanced technology and customised solutions to meet varied client requirements. Its offerings include e-security and surveillance, manned guarding, event management, and systems integration. These technology-driven solutions are designed to enhance client operations and security management efficiency.
Safecure Services is headquartered in Mira Road, Thane, and claims to maintain a wide network of offices across multiple cities and towns in India. This geographical reach enables the company to cater to clients across regions and offer services at multiple operational sites. The company also reports that this network helps it achieve economies of scale and deliver cost-effective solutions.
The company provides services to clients across several sectors, including banking and financial services, hospitality, education, and logistics. It claims that this diversity reduces dependence on specific customers or industries and helps mitigate exposure to economic fluctuations. Safecure Services also reports that its ability to offer customised services has supported customer retention and new client acquisition.
The company holds ISO 9001:2015 certification for its quality management systems, ISO 14001:2015 certification for its environmental management systems, ISO 27001:2013 certification for its information security management systems, and ISO 45001:2018 certification for occupational health and safety management.
The company has reported a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 47.54 crore in FY23 to Rs 62.83 crore in FY24 and Rs 73.10 crore in FY25. PAT increased from Rs 3.98 crore in FY23 to Rs 5.69 crore in FY24 and Rs 6.16 crore in FY25.
Safecure Services derives a major portion of its revenue from the security services business, which includes manned guarding, mobile patrol, CCTV monitoring, alarm response, event security, and risk assessment. The segment accounted for Rs 13.90 crore (75.86 percent) of the company’s total revenue for the period ended June 30, 2025; Rs 54.39 crore (74.40 percent) in FY25; Rs 48.51 crore (77.21 percent) in FY24; and Rs 30.70 crore (64.59 percent) in FY23. Any reduction in demand for security services or adverse developments in this segment can negatively affect the company’s overall financial condition and operational results.
Employee benefits expenses accounted for Rs 8.90 crore (55.33 percent) of the company’s total expenses for the period ended June 30, 2025; Rs 34.60 crore (52.41 percent) in FY25; Rs 29.29 crore (51.77 percent) in FY24; and Rs 22.26 crore (51.58 percent) in FY23. Any sudden increase in employee-related costs that cannot be passed on to customers may affect the company’s profitability and ability to maintain a competitive cost structure.
The top three customers accounted for Rs 5.83 crore (31.02 percent) of the company’s revenue for the period ended June 30, 2025; Rs 23.71 crore (32.43 percent) in FY25; Rs 24.57 crore (39.10 percent) in FY24; and Rs 19.53 crore (41.09 percent) in FY23. If the company fails to retain these key customers, faces a slowdown in business from them, or is unable to expand the customer base, its business and profits could be negatively impacted.
The company reported negative cash flow from operating activities amounting to Rs 0.30 crore in FY25. Additionally, negative cash flow from investing activities amounted to Rs 0.01 crore in the period ended June 30, 2025, Rs 3.46 crore in FY25, Rs 3.10 crore in FY24, and Rs 3.21 crore in FY23. Furthermore, the company reported negative cash flow from financing activities amounting to Rs 1.80 crore during the period ended June 30, 2025, and Rs 4.62 crore in FY23. Continued negative cash flow may restrict the company’s ability to meet working capital requirements, fund future growth, or repay obligations without external financing.
The company, its subsidiary, director, and promoter are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could hurt the company’s business prospects.
Safecure Services does not have its own manufacturing facilities and relies on third-party vendors for products and equipment, such as safety devices, electronic surveillance systems, chemicals, and consumables used in e-surveillance, ATM maintenance, facility management, and interior fit-out services. The company’s dependence on these vendors exposes it to risks related to equipment breakdowns, supply disruptions, and fluctuations in input costs. Any inability to secure timely supplies or arrange alternate sources at reasonable prices may adversely affect its business operations, margins, and financial condition.
As of June 30, 2025, the company had contingent liabilities of Rs 3.26 crore. If any of these contingent liabilities materialise, it could adversely affect the company’s financial condition.
Safecure Services provides credit periods to its customers as part of standard payment terms, which results in a significant amount of trade receivables. As of June 30, 2025, trade receivables stood at Rs 34.25 crore, up from Rs 31.91 crore in FY25, Rs 20.49 crore in FY24, and Rs 15.82 crore in FY23. Any inability to recover dues on time, customer defaults, or delays in collections may increase working capital requirements, affect liquidity, and reduce profitability.
As of July 31, 2025, the company has outstanding financial indebtedness of Rs 19.23 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Safecure Services Financials
*All values are in Rs. Cr
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Application Details of Safecure Services IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Individual investor | ₹102 - 102 | ₹2 - 5 Lakh |
For Safecure Services IPO, eligible investors can apply as Individual investor.