Safe Enterprises Retail Fixtures came to market through an SME IPO that opened on 20 June 2025 and closed on 24 June 2025, and the shares listed on 27 June 2025 on NSE SME. The price band was ₹131 to ₹138 per share and one lot was 1000 shares, so the minimum application was ₹1,38,000. The issue size was ₹169.74 crore. The whole issue was fresh shares, so the money raised went to the company.
Maashitla Securities Private Limited was the registrar to the issue, and Hem Securities Limited was the lead manager.
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Founded in 1976, Safe Enterprises Retail Fixtures Limited is a company that designs, makes, supplies, and installs shop fittings and retail fixtures, offering a variety of personalized solutions for various retail categories like fashion, electronics, and department stores.The company offers merchandising solutions for responding to the challenges of retail facing display, placement, storage, and safety and provides shop fitting services from design to installation according to customer requirements.
The company caters to different retail categories such as fashion, electronics, food and grocery, and luxury. Customers include prominent Indian chains and hypermarkets, including: Zudio & Westside – Fashion fixture. Godrej Nature's Basket – Gourmet store custom shelving. Reliance Retail & Future Group – Hypermarket installations. The company has the following products & services: Gondola Shelving – Modular supermarket shelves. Checkout Counters – Ergonomic designs to enhance customer experience. Display Racks & Stands – Fashionable, electronic, and FMCG customizable.
Mannequins & Visual Merchandising Displays – Stylish solutions for the look and feel of stores. and brands. Storage & Backroom Fixtures – Stockroom shelving with maximum capacity. Custom Fixture Design:Tailored solutions that effectively integrate functionality & beauty. Innovative Solutions:Innovative designs that keep pace with the constantly changing retail trends.
The firm has three manufacturing facilities, two of which are located in Mumbai and one in Thane, Maharastra.The company is headquartered at Nashik and has two franchisees in Navi Mumbai and Hyderabad and two distributors in Dubai and Kansas City.The company markets products in more than 25 states and union territories, and revenue comes mostly from Maharashtra, then Karnataka and Gujarat. As of October 31, 2024, the company employed 15 people in the design team.
As described in the offer document.
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Saleem Shabbir Merchant, Mikdad Saleem Merchant, Huzefa Salim Merchant, Munira Salimbhai Merchant.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Safe Enterprises Retail Fixtures IPO was a ₹169.74 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹131–₹138 per share with a lot size of 1,000 shares (₹1,38,000). The IPO was open from June 20 to June 24, 2025. Shares listed on NSE SME on June 27, 2025 at ₹151, a 9.4% premium to the issue price of ₹138. Maashitla Securities Private Limited is the registrar. Hem Securities Limited is the book running lead manager.
The price band of Safe Enterprises Retail Fixtures IPO is ₹131 to ₹138 per share.
The lot size of Safe Enterprises Retail Fixtures IPO is 1000 shares.
The minimum investment for Safe Enterprises Retail Fixtures IPO is approximately ₹1,38,000 based on the upper price band.
The allotment date of Safe Enterprises Retail Fixtures IPO is Jun 25, 2025.
Safe Enterprises Retail Fixtures IPO's final recorded GMP before listing was ₹5 per share (a 4% premium over the ₹138 upper price band). The shares listed at ₹151. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Safe Enterprises Retail Fixtures IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Safe Enterprises Retail Fixtures IPO allotment status on Rupix for quick and easy access.
₹131 to ₹138 per share, against a face value of ₹5. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,38,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,38,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 20 June 2025 and closed on 24 June 2025.
The basis of allotment was published on 25 June 2025 by Maashitla Securities Private Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 27 June 2025 on NSE SME.
The issue size was ₹169.74 crore. The fresh issue was 1,23,00,000 shares (aggregating up to ₹169.74 crore).