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Safecure IPO
Price Band
₹
Issue Size
₹30.6 Cr
Lot Size
1,200 shares
Min Investment
₹244,800
2 LOTS MIN
GMP
—
Issue Price
₹102.0
Safecure IPO AI Summary
- Safecure IPO is listed on BSE SME in the Other Consumer Services sector.
- Subscription window: 29 Oct–31 Oct 2025, listing on 06 Nov 2025.
Safecure Services Limited is set to launch its IPO with an issue price of ₹102.0, aiming to raise ₹30.6 Cr. The company has demonstrated revenue growth and profitability over the past few years, with a diverse service portfolio and a strong presence across India.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Safecure IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 31 Oct 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Safecure IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2012, Safecure Services Limited is engaged in the business of prominent security and facility management company. The company specializes in private security, e-surveillance, facility management, and corporate interior fit-out services across India. Over the years, Safecure has expanded its operations across India, serving a diverse clientele that includes private and public sector entities, financial institutions, multinational corporations, and various industries. The company maintains a uniform recruitment and training policy to ensure high-quality services and is recognized as a professional security firm with a reputation for excellence. The company’s headquarters is in Mira Road, Thane, with 12 offices across India, covering 12 districts, ensuring focused, high-quality, and customized service delivery to customers. Services: Security Services comprising of manned guarding, event management, ATM management and providing technology backed security services. E-Surveillance and monitoring of ATM & Bank Branches comprising electronic security services and alarm monitoring and response services, including electronic security and surveillance solutions with trained manpower. Repair & maintenance of ATMs and Facility Management Services comprising of housekeeping services and business support services. Interior Fit outs Work for corporate. As on August 31, 2025, the company has 1,849 employees on the payroll to look after the day-to-day business operations. Competitive Strengths: Diverse portfolio of services Experience team of professionals with domain expertise and successful track record Advanced Technological Integration Pan India Presence Diverse customer base
Company Financials (₹ Cr)
As of 2025-06-30
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 54.61 | 53.07 | 37.48 | 30.94 |
| Total Income | 18.36 | 73.27 | 63.06 | 47.74 |
| Profit After Tax | 1.99 | 6.16 | 5.69 | 3.98 |
| EBITDA | 12.43 | 11.36 | 9.09 | |
| NET Worth | 22.94 | 20.93 | 15.00 | 9.33 |
| Reserves and Surplus | 16.17 | 14.16 | 8.12 | 7.62 |
| Total Borrowing | 19.52 | 20.55 | 14.30 | 11.51 |
Key Ratios
EPS
₹8.75
NAV
₹29.73
ROE
28.86%
ROCE
22.48%
RoNW
28.86%
P/B Value
4.79
P/E Ratio
11.66
Market Cap
₹102.41 Cr
PAT Margin
8.26%
Debt/Equity
0.98
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Krystal Integrated Services Limited | 312.92 | 14.34% | 13.38 | 44.61 | 44.61 |
| SIS Limited | 166.79 | 0.49% | 405.3 | 0.82 | 0.82 |
| Safecure Services Limited This IPO | 29.73 | 28.86% | 11.89 | 8.58 | 8.58 |
Promoters
Shailendra Mahesh Pandey
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment / pre-payment, in full or part, of certain borrowings availed by the Company 4.75 2 Repayment / pre-payment, in full or part, of certain borrowings availed by wholly owned subsidiary (by providing loans and advances by the Company) 3.50 3 General Corporate Purposes 4.50 4 Funding working capital requirements of the Company 13.00 5 Issue expenses 4.85 Total 30.60
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹47.74 Cr in the year ended 31 Mar 2023, increasing to ₹63.06 Cr by 31 Mar 2024, and further rising to ₹73.27 Cr for the year ended 31 Mar 2025. However, the most recent figure for 30 Jun 2025 is ₹18.36 Cr, which is a 9-month figure and not directly comparable to the full fiscal years.
Profit Trend
Profit After Tax was ₹3.98 Cr in the year ended 31 Mar 2023, increasing to ₹5.69 Cr by 31 Mar 2024, and further rising to ₹6.16 Cr for the year ended 31 Mar 2025. The most recent figure for 30 Jun 2025 is ₹1.99 Cr, though this is a 9-month figure and not a full year, so isn't directly comparable.
Valuation
Priced at a P/E ratio of approximately 11.66 based on its EPS of ₹8.75, compared to peers trading at P/E ratios ranging from 11.89 to 405.3.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial market where shares are bought and sold before they are listed on the stock exchange. It can indicate the expected listing price of an IPO based on demand and supply dynamics in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy and risk tolerance, considering factors such as the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable investments with lower risk may want to avoid IPOs like this, which can be subject to significant price fluctuations in the early trading days.
IPO Timeline, Explained
The IPO opens for subscription from October 29, 2025, and closes on October 31, 2025. The allotment of shares is expected to be finalized by November 3, 2025, with the listing date set for November 6, 2025.
Listing Gains — The Risk
Listing gains refer to the profits made by investors when shares of an IPO are listed at a higher price than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Safecure's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Safecure IPO open and close?
Safecure IPO opens on 29 October 2025 and closes on 31 October 2025.
When does Safecure IPO list on the stock exchange?
Safecure IPO listed on 06 November 2025 at ₹102.0.
What is the lot size for Safecure IPO?
The lot size for Safecure IPO is 1200 shares, requiring a minimum investment of ₹244,800 (2 lots).
What is the lot size for this IPO?
The lot size for the Safecure IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹244,800.
What is the issue price of the shares?
The issue price of the shares is ₹102.0.
When does the IPO open and close?
The IPO opens on October 29, 2025, and closes on October 31, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on demand and supply in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 Oct 2025
Close
31 Oct 2025
Allotment
03 Nov 2025
Listing
06 Nov 2025
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