Key Takeaways
- Safecure Services’ ₹30.6-crore SME IPO opens October 29-31
- Price fixed at ₹102 per share for 30 lakh fresh equity shares
- Proceeds to fund working capital (₹13 crore) and reduce debt (₹7 crore)
- Listing planned on BSE SME platform
Safecure Services has announced its ₹30.6-crore initial public offering will open for subscription on October 29, with the price band fixed at ₹102 per equity share. The Thane-based security and facility management company’s IPO will close on October 31.
IPO Subscription Details
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares. The offering comprises entirely fresh issuance of 30 lakh equity shares with a face value of ₹10 each.
Fund Allocation Plan
The company plans to utilize ₹13 crore from the net proceeds for working capital requirements, while ₹7 crore will be used to pare down debt and for general corporate purposes.
Company Background
Founded in 2012, Safecure Services provides private security, e-surveillance, facility management, and corporate interior fit-out services across India.
Financial Performance
The company reported strong financials with revenue of ₹18.32 crore and profit after tax of ₹2.02 crore for the June quarter. For FY25, Safecure Services posted revenue of ₹73.10 crore and PAT of ₹6.04 crore.
Listing and Management
The shares are proposed to be listed on the BSE SME platform, with Sun Capital Advisory Pvt Ltd serving as the sole book-running lead manager for the IPO.
(Disclaimer: Except for the headline, this article has not been edited by FPJ’s editorial team and is auto-generated from an agency feed.)
