Safecure IPO opens for subscription on 29 October 2025 and will close on 31 October 2025. This SME Fixed Price Issue aims to raise about ₹30.60 crore, fully through a fresh issue. The IPO is priced at ₹102 per share and will list on the BSE SME platform on 6 November 2025. Allotment is scheduled for 3 November 2025.
The issue has a 50% quota for retail investors and 50% for HNI investors. There is no QIB quota for this IPO. Safecure has delivered steady revenue and profit growth over the last three years, supported by its expanding presence in the security and facility management sector.
Contents
Safecure IPO Key Details
| Particulars | Details |
|---|---|
| IPO Open Date | 29 October 2025 |
| IPO Close Date | 31 October 2025 |
| Face Value | ₹10 per share |
| IPO Price | ₹102 per share |
| Issue Size | ₹30.60 crore |
| Fresh Issue | ₹30.60 crore |
| Issue Type | Fixed Price Issue |
| Listing | BSE SME |
| DRHP | View PDF |
| RHP | View PDF |
Safecure Services IPO
Open: 29-31 Oct 2025
Issue Size: ₹30.60 Cr.
Objective: Clearing company & subsidiary loans and funding working capital.
Exchange: BSE SME
Safecure IPO Review
Safecure has been scaling its operations across India and has seen consistent financial growth. Its FY2025 revenue reached ₹73.27 crore with a profit of ₹6.16 crore. The balance sheet has also improved with strong return ratios like ROE of 28.86 percent and a reasonable P/E of around 11.89.
Considering the steady financials and increasing demand for organised security services in India, the IPO may be suitable for long-term investors.
Safecure IPO Market Lot
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 lots | 2,400 shares | ₹2,44,800 |
| Retail Maximum | 2 lots | 2,400 shares | ₹2,44,800 |
| S-HNI Minimum | 3 lots | 3,600 shares | ₹3,67,200 |
Safecure IPO Reservation
| Category | Shares Offered | Percentage |
|---|---|---|
| NII | – | 50% |
| Retail | – | 50% |
Safecure IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | 29 October 2025 |
| IPO Close Date | 31 October 2025 |
| Basis of Allotment | 3 November 2025 |
| Refunds | 4 November 2025 |
| Shares to Demat | 4 November 2025 |
| Listing Date | 6 November 2025 |
| Cut-off Time | 31 October 2025 – 5 PM |
Promoters and Shareholding
| Particular | Shares | Percentage |
|---|---|---|
| Pre-Issue Holding | 70,40,000 | 94.33% |
| Post-Issue Holding | 1,00,40,000 | 66.14% |
Objects of the Issue
The funds raised through the Safecure IPO will be used mainly to repay or pre-pay certain outstanding borrowings of the company, which will help reduce interest costs and strengthen the balance sheet. A significant portion will also go towards meeting the company’s working capital requirements to support its growing operations across India.
The remaining proceeds will be allocated for general corporate purposes, enabling Safecure to improve its overall business efficiency and future expansion.
The company plans to use the IPO proceeds primarily to strengthen its financial position. Around ₹7 crore will be used for repayment or pre-payment of certain borrowings, while ₹13 crore is allocated towards meeting its working capital requirements. The remaining funds will be deployed for general corporate purposes.
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About Safecure Services
Safecure Services, founded in 2012 and headquartered in Mira Road, Thane, provides security and facility management solutions to government bodies, private companies, banks and large organisations. The company offers manned guarding, event security, ATM management, e-surveillance, alarm monitoring and technology-based security services.
Safecure also operates a large monitoring centre for real-time surveillance of ATMs and bank branches. With a presence across different Indian regions, the company focuses on integrated facility and security management supported by trained manpower and modern systems.
Safecure Financial Performance (₹ in crores)
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| FY2023 | 47.74 | 43.16 | 3.93 | 30.89 |
| FY2024 | 63.06 | 56.59 | 5.59 | 37.33 |
| FY2025 | 73.27 | 66.01 | 6.16 | 53.07 |
| June 2025 | 18.36 | 16.08 | 1.99 | 54.61 |
Safecure IPO Valuation – FY2025
| KPI | Value |
|---|---|
| ROE | 28.86% |
| ROCE | 22.48% |
| EBITDA Margin | 17% |
| PAT Margin | 8.26% |
| Debt-to-Equity | 0.98 |
| EPS (Basic) | ₹8.58 |
| P/E Ratio | 11.89 |
| RoNW | 28.86% |
| NAV | ₹29.73 |
Peer Comparison
| Company | EPS | P/E | RoNW | NAV | Income |
|---|---|---|---|---|---|
| SIS Limited | 0.82 | 405.30 | 0.49% | 166.79 | ₹13,189.04 Cr |
| Krystal Integrated Services | 44.61 | 13.38 | 14.34% | 312.92 | ₹1,212.78 Cr |
IPO Lead Manager
Sun Capital Advisory Services Pvt. Ltd.
Company Address
Safecure Services Ltd.
Office No. 5, 5th Floor, Building No. 6 Old 9,12,14
News No. 62, 66, 69, Opp Pleasant Park, Mira Road
Behind Jhankar, Thane, Maharashtra – 401107
Phone: +91 99678 81047
Email: secretarial@safecure.in
Website: safecure.in
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: safecure.smeipo@linkintime.co.in
Website: in.mpms.mufg.com/Initial_Offer/public-issues.html
Safecure Services IPO FAQs
What is the Safecure IPO?
Safecure IPO is an SME offering where the company aims to raise ₹30.60 crore at a fixed price of ₹102 per share. It will list on the BSE SME platform.
When does the Safecure IPO open?
Subscription opens on 29 October 2025 and closes on 31 October 2025.
What is the lot size for Safecure IPO?
The minimum lot size is 2,400 shares, requiring an investment of ₹2,44,800.
What is the Safecure IPO allotment date?
Allotment will be declared on 3 November 2025.
What is the listing date of Safecure IPO?
Shares will list on 6 November 2025 on BSE SME.
Expert Comment
Safecure combines stable financial growth, strong profitability ratios and a growing demand for organised security services in India.
While the high entry investment due to the SME lot size may restrict small retail participation, the valuation appears reasonable at a P/E of around 12. Long-term investors seeking exposure to the security and facility management space may consider applying, provided they understand SME listing risks.
