Safe Enterprises Launches IPO on NSE Emerge

Safe Enterprises Retail Fixtures Limited, a company specializing in the design, manufacture, and installation of retail shop fittings, has announced the launch of its Initial Public Offering (IPO) on the NSE Emerge platform. The IPO is set to open on June 20, 2025, and will close on June 24, 2025, with a price band set between ₹131 and ₹138 per equity share, each having a face value of ₹5.

The total offering consists of a fresh issuance of 1,23,00,000 equity shares, intending to raise a sum of ₹16,974 lakhs. Hem Securities Limited will manage the issue, while Maashitla Securities Private Limited acts as the registrar. The minimum application lot is set at 1,000 equity shares, with specific allocations for Qualified Institutional Buyers, Non-Institutional Investors, Retail Individual Investors, and Market Makers.

Funds raised from the IPO will be allocated towards several strategic objectives, including a capital expenditure of ₹6,588.59 lakhs for an integrated manufacturing facility, investment in the subsidiary for infrastructure development, and meeting working capital requirements. Safe Enterprises, headquartered in Navi Mumbai, offers a diverse range of retail solutions, boasting strong financial performance with a revenue CAGR of 33.84% from FY23 to FY25.

(With inputs from agencies.)