Safecure IPO: Price, GMP, Analysis, And Details

Safecure IPO- Company Analysis

Safecure IPO under the SME IPO category is a fixed price issue of Rs. 30.60 Cr by Safecure India Ltd., which was incorporated in 2018, and offers manpower, housekeeping, and guarding services. 

Safecure Services provides civil services to corporates and large infrastructure businesses, similar to most of their competitors. Safecure was incorporated in. Safecure offers its clients multi-year training & commitment service, secured and guaranteed contracts, and operational services across large areas and divisions in India.

Focused on fulfilling secured contractual obligations, they strive to perform at high service standards so that they can conclude contracts and provide business services to other clients their focus.

Safecure IPO Details

The Safecure IPO date is on 29 October 2025, and its initial public offering will end on 31 Oct with IPO allotment on Nov 03, and refund initiation on Nov 04, 2025.

The Rs. 30.60 crore new SME IPO comprises a wholly fresh issue of 0.30 crore shares.

The Safecure IPO listing date (expected) might be on Thursday, Nov 06, 2025, and listing at the BSE and SME. 

The Safecure IPO price band is Rs. 102.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Oct 29, 2025
IPO Closing Date	Oct 31, 2025
IPO Allotment Date	Nov 03, 2025
Refund Initiation	Nov 04, 2025
IPO Listing Date	Nov 06, 2025

 

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Company Financials

(Amount in Cr)

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	53.07	37.48	30.94
Total Income	73.27	63.06	47.74
PAT	6.16	5.69	3.98
EBITDA	12.43	11.36	9.09
Net Worth	20.93	15.00	9.33
Reserves and Surplus	14.16	8.12	7.62
Total Borrowing	20.55	14.30	11.51

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(30.07)	260.24	786.94
Net Cash Flow Investing Activities	(345.86)	(309.85)	(321.41)
Net Cash Flow Financing Activities	390.20	84.01	(462.50)

Revenue Bifurcation

 

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Repayment or prepayment of some of the company's borrowed funds, either in full or in part. ~ Rs. 4.75 Cr.

• Full or partial repayment or prepayment of certain borrowings obtained by our fully owned subsidiary (through the company's provision of loans and advances). ~ Rs. 3.50 Cr.

• General business objectives. ~ Rs. 4.50 Cr.

• Financing the Company's Working Capital Needs. ~ Rs. 13 Cr.

Listed Peers of Safecure Ltd.

Company Name	Face Value (Rs. )	EPS (Rs. )	P/E Ratio (x)
SIS Limited	5	0.82	405.30
Krystal Integrated Services Limited	10	44.61	13.38

 

Valuation

Metric	Value
ROE	28.86%
ROCE	22.48%
Debt-to-Equity Ratio	0.98
RoNW	28.86%
PAT Margin	8.26%
EBITDA Margin	17.00%
PB Value	4.79

 

 

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 8.58 from the last year, the resulting P/E ratio is 11.88x.

Explore the Lenskart Solutions IPO.

 

IPO's Strengths

• Revenue and profit continue to grow and diversify since inception.

• Management and workforce are adequately experienced.

• Operational client base is varied and wide-reaching across both the government and private sectors.

• Operations rooted in regulatory assurance resulting in retention of clientele and a reputable reputation.

• New areas are in the process of expansion, allowing for a widening market base.

 

IPO’s Weaknesses

• The business is more manpower-dependent, which keeps margins tight.

• Competing against big players in facility management.

• High working-capital requirements.

• Changes to labour laws and wages will affect the business directly.
  
  

Safecure IPO GMP (Grey Market Premium)

Safecure IPO GMP today is Rs. 0, as of 28 Oct 2025 at the time of writing this information.

Safecure IPO Summary

The Safecure IPO has a market maker portion size of 1,50,000 Shares (Rs. 1.53 Cr).

IPO Opening & Closing Date	29 Oct, 2025 to 31 Oct, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 102 per Share.
Lot Size	1200 Shares
Issue Size	30,00,000 Shares (Rs. 30.60 Cr)
Offer for Sale	-
Fresh Issue	30,00,000 Shares (Rs. 30.60 Cr)
Listing at	BSE, SME
Issue Type	Fixed price issue IPO
Registrar	MUFG Intime India Pvt. Ltd.

 

 

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,44,800 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (3600 Shares) for Rs. 3,67,200.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

Safecure IPO Allotment Status

To check the Safecure IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Safecure Ltd.

• Shailendra Mahesh Pandey.

• Ranju Shailendra Pandey.

• Nikit Shailendra Pandey.

Pre-Issue Promoter Shareholding	94.33%
Post-Issue Promoter Shareholding	66.14%

 

IPO Lead Managers

• Sun Capital Advisory Services Pvt. Ltd.

 

Dividend Policy

The company has not declared a dividend during the last three financial years.

 

Conclusion

Safecure Services Limited has built a secure position in the security and facility management industry largely on the back of its steady financial performance, diverse customer base and scalable business operations. The Safecure Services IPO is moderately valued and offers participation in a workforce outsourcing business, which has stable margins.

Such investors are likely to have a medium- to long-term investment horizon and will assess this issue considering its valuation and potential liquidity in the market within a few days of listing.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.