Safe Enterprises Retail Fixtures off to a firm start, list at over 9% premium on NSE SME with solid investor response

The retail merchandising solutions specialist, Safe Enterprises Retail Fixtures Limited, made a firm debut on the National Stock Exchange SME platform on June 27, 2025. After closing its IPO bidding between June 20 - June 24, 2025, the company commenced trading with a solid 9.42% premium to its issue price, delivering satisfactory returns to investors despite moderate subscription levels. This book-building IPO raised ₹169.74 crore with a subscription of 14.70 times, reflecting measured investor interest in the retail fixtures sector as the company seeks to expand manufacturing capabilities and strengthen its position in India's growing retail infrastructure market through enhanced production capacity and technological advancement.

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Safe Enterprises Retail Fixtures IPO Listing Details

Safe Enterprises Retail Fixtures Limited launched its IPO through the book-building process with shares priced at ₹138 per share. The minimum investment required was 1,000 shares costing ₹1,38,000 at the issue price. The IPO received a moderate response with an overall subscription of 14.70 times - QIB segment leading at 34.31 times, NII at 12.51 times, and retail at 4.44 times by the final day of bidding, indicating mixed investor sentiment across categories, with institutional investors showing stronger interest. Safe Enterprises Retail Fixtures' share price is listed at ₹151 on NSE SME, delivering a decent 9.42% premium from the issue price of ₹138. The stock's debut performance exceeded grey market expectations, which had indicated a modest premium of around 4.35%, reflecting positive market sentiment towards the retail fixtures industry.

Listing Price: The Safe Enterprises Retail Fixtures share price opened at ₹151 on NSE SME on June 27, 2025, representing a premium of 9.42% from the issue price of ₹138, surpassing grey market expectations and delivering decent gains for investors at listing.

First-Day Trading Performance Outlook

Safe Enterprises Retail Fixtures IPO commenced trading on the NSE SME platform on June 27, 2025, witnessing a decent stock market debut that outperformed grey market predictions. The Safe Enterprises Retail Fixtures share price opened at ₹151, marking a solid 9.42% premium from its IPO price of ₹138, exceeding grey market expectations.

Utilisation of IPO Proceeds

Safe Enterprises Retail Fixtures plans to utilise the ₹169.74 crore raised from the fresh issue primarily for manufacturing expansion and working capital enhancement to support business growth and operational capabilities.

• New Manufacturing Unit: ₹65.89 crore allocated for funding capital expenditure requirements towards setting up a new manufacturing unit to enhance production capacity and operational efficiency
• Subsidiary Investment for Plant Expansion: ₹6.99 crore designated for investment in subsidiary Safe Enterprises Retail Technologies Private Limited for financing capital expenditure requirements for additional plant and machinery installation
• Working Capital Requirements: ₹30.00 crore earmarked to meet the working capital requirements of the company to support business operations, inventory management, and project execution
• Subsidiary Working Capital: ₹10.00 crore allocated for investment in subsidiary Safe Enterprises Retail Technologies Private Limited to meet working capital requirements and support expansion activities
• General Corporate Purposes: Remaining funds are designated for general corporate purposes to support strategic initiatives, business development, and operational requirements

Financial Performance of Safe Enterprises Retail Fixtures IPO

Safe Enterprises Retail Fixtures has demonstrated exceptional financial performance with robust growth across key metrics and impressive profitability improvements:

• Revenue: ₹139.73 crore for FY25, showing a strong growth trajectory with a 38% increase from ₹101.38 crore in FY24, reflecting an expanding client portfolio and successful market penetration across retail segments
• Net Profit: ₹39.19 crore in FY25, demonstrating exceptional profitability with 70% growth from ₹23.09 crore in FY24, showcasing significant operational efficiency improvements and substantial margin expansion through business scaling
• Financial Metrics: The company exhibits outstanding ROE of 77.54%, excellent ROCE of 69.10%, a zero debt structure, an exceptional PAT margin of 28.33%, and a healthy EBITDA margin of 19.79%, indicating superior operational performance and efficient capital utilisation. The decent listing performance with a 9.42% premium, despite a moderate subscription of 14.70 times, reflects measured investor confidence in the company's business model and growth prospects within the evolving retail fixtures landscape.