
Industrial Goods · NSE
Founded in 1976, Safe Enterprises Retail Fixtures Limited specializes in designing, manufacturing, supplying, and installing shop fittings and retail fixtures. They offer customized solutions for various retail sectors, including fashion, electronics, grocery, and luxury stores. Their services cover the entire process—from design to installation—helping retailers address challenges related to product display, placement, storage, and safety. Some of their notable clients include Zudio and Westside for fashion fixtures, Godrej Nature’s Basket for custom shelving, and Reliance Retail and Future Group for hypermarket installations. Their product range includes modular gondola shelving for supermarkets, ergonomic checkout counters, customizable display racks for different product categories, mannequins and visual merchandising displays for improved store aesthetics, and high-capacity backroom storage fixtures. They also provide personalized fixture designs and creative retail solutions to meet evolving market trends. The company operates three manufacturing units—two in Mumbai and one in Thane, Maharashtra. They also have two franchisees in Navi Mumbai and Hyderabad, along with distributors in Dubai and Kansas City. Safe Enterprises sells its products across more than 25 Indian states and union territories, with Maharashtra being the largest contributor to revenue, followed by Karnataka and Gujarat. As of October 31, 2024, the design team included 15 employees.
Price Band
₹131 – ₹138
Issue Size
₹161 Cr
Lot Size
1000 shares
GMP
+5.1%
Est. Listing
₹145
at current GMP
Subscribed
14.70x
overall
Open
20 Jun 2025
Close
24 Jun 2025
Allotment
25 Jun 2025
Refund
26 Jun 2025
Demat Credit
27 Jun 2025
Listing
27 Jun 2025
Overall Subscription
14.70x
Total Demand
QIB Multiplier
34.31x
Institutions & Funds
NII / HNI
12.51x
High Net-Worth
Retail (RII)
4.44x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 2,336,000 | 80,139,000 | 34.31x |
| NIB | 1,752,000 | 21,917,000 | 12.51x |
| RETAIL | 4,087,000 | 18,138,000 | 4.44x |
| Total | 8,175,000 | 120,194,000 | 14.70x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 43 | 0.00x |
| NIB | — | 1,637 | 0.00x |
| RETAIL | — | 18,138 | 0.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Safe Enterprises Retail Fixtures Limited is bringing an initial public offering (IPO) in the Industrial Goods sector with an aggregate issue size of ₹161.13 Crores. The shares are offered at a price band of ₹131 to ₹138 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-06-24, the basis of allotment is scheduled to be finalized on 2025-06-25. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Safe Enterprises Retail Fixtures Limited IPO is ₹7 per equity share. Based on the upper price band of ₹131 to ₹138 per equity share, the estimated listing price is ₹145 (+5.1% expected listing gain).
With a lot size of 1000 shares and current GMP of ₹7, the expected profit per application lot is approx ₹7,000 (+5.1% gain). Minimum application cost is approx ₹1,38,000.
The Safe Enterprises Retail Fixtures Limited IPO aggregate issue size is ₹161.13 Crores with an equity price band set at ₹131 to ₹138 per equity share. The retail lot size is 1000 shares requiring a minimum capital outlay of approx. ₹1,38,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 14.70x (Retail: 4.44x, QIB: 34.31x, NII: 12.51x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Maashitla Securities Private Limited) and the BSE status verification website on or around 2025-06-25. Investors can verify status using PAN card or application number.
Safe Enterprises Retail Fixtures Limited shares are scheduled to list on NSE on 2025-06-27.