Safe Enterprises Retail Fixtures IPO

About Safe Enterprises Retail Fixtures IPO

Safe Enterprises Retail Fixtures Limited IPO is an IPO aggregating up to ₹161.13 crores. It consists of a fresh issue of up to 1,23,00,000 equity shares. The shares will be allotted on June 25, 2025. The credit of shares to the demat account will take place on June 26, 2025 and the initiation of refunds will take place on June 26, 2025.

Objectives of Safe Enterprises Retail Fixtures IPO

• Funding the capital expenditure requirements for setting up a new manufacturing unit.
• Investment in their subsidiary, Safe Enterprises Retail Technologies Private Limited, for financing its capital expenditure requirements for the installation of additional plant and machinery.
• To meet the working capital requirements of the company.
• Investment in their subsidiary, Safe Enterprises Retail Technologies Private Limited, to meet working capital requirements.
• General corporate purposes.

Industry Outlook

The Indian retail industry accounts for over 10% of the country’s gross domestic product (GDP) and around 8% of employment. India is the world’s fifth-largest global destination in the retail space and is ranked 63rd in the World Bank’s Doing Business 2023. India’s interior design industry has experienced a transformation over the past few decades. Driven by rapid urbanisation, rising disposable incomes, and evolving lifestyle preferences, the industry has emerged as a crucial contributor to the country’s economy. The future of the Indian interior design market appears exceptionally promising, with industry experts projecting a market size of US$8,120crore by 2030, translating into a significant CAGR of 14.3%. The commercial interior design segment is the largest market, with a share of around 75% as of 2023; it is also the fastest-growing segment in the country.

Company Information

Safe Enterprises Retail Fixtures Limited is engaged in designing, manufacturing, supplying, and installing shop fittings and retail fixtures, offering a wide range of customised in-store solutions across multiple retail segments such as fashion and apparel, electronics, and departmental stores. They are merchandising solution providers addressing challenges that retailers and brand marketers face in the rapidly evolving retail industry for display, placement, storage, and safety of products, thus providing shopfitting solutions from conceptual design and prototyping to manufacturing and installation, tailored to meet their customers' specific needs. They also offer innovative shopfitting solutions, including modular electrified shop fittings that integrate seamlessly with various digital technologies such as LED lighting, digital screens, and display stands for retail outlets.

Risks of Safe Enterprises Retail Fixtures IPO

• They generate the major portion of their turnover from operations in certain geographical regions, and any adverse developments affecting their operations in these regions could have an adverse impact on their revenue and results of operations.

• Dependence on transportation services for the supply and delivery of their products is subject to various uncertainties and risks, and delays in delivery may result in the rejection of products by customers.

They do not have an in-house transportation facility and rely on third-party transportation and other logistics facilities at every stage of their business activity, including the procurement of products from their suppliers and the transportation of finished products to their customers. For this purpose, they hire the services of transportation companies. However, they have not entered into any definitive agreements with third-party transport service providers and engage them on a need basis. Additionally, the availability of transportation solutions in the markets they operate in is typically fragmented. The cost of goods carried by such third-party transporters is typically much higher than the consideration paid for transportation, due to which it may be difficult for them to recover compensation for damaged, delayed, or lost goods.

• They are exposed to foreign currency fluctuation risks, particularly in relation to the export of products, which may affect their results of operations, financial condition, and cash flows.

Anchor Investor Information

The Anchor Investor Bidding Date shall be one Working Day prior to the Bid/Issue Opening Date. THURSDAY, 19 JUNE, 2025.

IPO Registrar and Book Running Lead Managers Book running lead managers: Hem Securities Limited Registrar for the IPO is Maashitla Securities Private Limited

Business Model

The company earns its revenue through the following sources:

Designing, manufacturing, supplying, and installing shop fittings and retail fixtures, offering a wide range of customised in-store solutions across multiple retail segments such as fashion and apparel, electronics, and departmental stores.

Company Growth Trajectory

The revenue from operations has increased from ₹77.216 crores in FY2022-23 to ₹100.915 crores and ₹138.313 crores in Financial Years 2023-24 and 2024-25 respectively and the company’s Profit after tax has increased from ₹12.089 crores in FY 2022-23 to ₹23.088 crores in FY 2023-24 and ₹39.185 crores in FY 2024- 25 respectively. The revenue Growth represents a Compound Annual Growth Rate (CAGR) of 33.84% over the past three years.

Company Market Position

Currently, they sell their products to more than 25 states and union territories in India. They also export their products to countries such as the USA, UAE, Oman, etc.Their Revenue from Operations as on 31st March, 2025 was ₹138.313 crores, and Profit After Tax stood at ₹39.185 crores, and EBITDA stood at ₹52.106 crores respectively.

How To Check Allotment Status of Safe Enterprises Retail Fixtures IPO?

You can check the allotment status of shares either on the website of the National Stock Exchange (NSE) or on the website of the registrar Maashitla Securities Private Limited.

To check the status on the NSE website:

• Visit the NSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt (Equity in this case)
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is Safe Enterprises Retail Fixtures Limited
• Enter your application number or PAN number
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

Follow these steps to know the allotment status on the registrar’s website:

• Visit the Maashitla Securities Private Limited website
• Choose “Public Issues” from the “Investor Services” drop-down
• Select Safe Enterprises Retail Fixtures Limited from the drop-down
• Enter your PAN number or Application number
• Click on “Submit” to know the allotment status

How to Apply for Safe Enterprises Retail Fixtures Ltd?

• Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.