Safe Enterprises Retail Fixtures Limited
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Safe Enterprises Retail Fixtures Limited's successfully completed its Initial Public Offering and commenced trading on Jun 27, 2025 at the NSE exchange. The company raised 1,16,76,000 Shares through this public offering, comprising 1,16,76,000 Shares in fresh capital.
The IPO was priced within the band of ₹131 to ₹138, with minimum application lots of 1000 shares. The offering attracted significant investor interest during its subscription period from Jun 20, 2025 to Jun 24, 2025.
Share allotment was finalized on Jun 25, 2025, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Own Manufacturing Setup – Helps maintain good quality and deliver on time
- Customers in Many Regions – Strong connections with clients across different areas
- Experienced Team with Creative Designers – Brings new ideas and custom-made solutions
- Short Company History – Recently changed from a partnership, making long-term performance hard to judge
- Rented Workspaces – Using leased properties could be risky if leases aren’t renewed or disputes arise
- Dependence on Few Customers – Relying on a small number of clients may affect income if any major customer leaves
- Saleem Shabbir Merchant
- Mikdad Saleem Merchant
- Huzefa Salim Merchant
- Munira Salimbhai Merchant
Safe Enterprises Retail Fixtures Limited
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