Safecure Services was incorporated on October 31, 2012. The company provides private security, e-surveillance, facility management, and corporate interior fit-out services in India. Through its wholly owned subsidiary, Safesense Tech, it offers 24/7 real-time monitored intrusion detection services, primarily for ATMs and bank branches
| Bidding Dates |
|---|
| 29 Oct 2025 - 31 Oct 2025 |
| Subscription |
|---|
| 1.77x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,44,800 | 2 | 2 | 1200 | 3.0 M | ₹102 | 66.14 % | ₹306.0 M | RHP DOC |
Safecure Services IPO SUBSCRIPTION STATUS
31 Oct '25Safecure Services IPO overall subscription rate was 1.77 times the total available shares
Safecure Services IPO retail subscription rate was 3.14 times in the retail segment
Safecure Services IPO non-institutional investor subscription rate was 0.4 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
31 Oct 2025 (Day 3) | 3.14x | 0.4x | - |
30 Oct 2025 (Day 2) | 2.29x | 0.37x | - |
29 Oct 2025 (Day 1) | 1.82x | 0.22x | - |
Safecure Services FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY26 | 18.3 | 2.0 | 1.8 | 1.7 | - |
| FY25 | 73.1 | 6.2 | -0.3 | -4.1 | 17.0% |
| FY24 | 62.8 | 5.7 | 2.6 | -0.9 | 18.1% |
| FY23 | 47.5 | 4.0 | 7.9 | 4.6 | 19.1% |
Safecure Services IPO SUBSCRIPTION STATUS DETAILS
Safecure Services had 3.0 M shares on offer
Safecure Services IPO offer price was ₹102
Safecure Services IPO minimum Investment was ₹244800
Safecure Services IPO issue size was ₹ 306.0 M
Safecure Services had a minimum lot size of 1200 Shares per application
Safecure Services NUMBER OF SHARES ON OFFER
Safecure Services IPO IMPORTANT DATES
| Issue Open Date | 29 Oct 2025 |
| Issue close Date | 31 Oct 2025 |
| Allotment Date | 03 Nov 2025 |
| Refund Date | 04 Nov 2025 |
| Demat Account Credit Date | 04 Nov 2025 |
| Listing Date | 06 Nov 2025 |
| Listing on Exchange(s) | BSE |
| Safecure Services Allotment Status | Exchange/ Registrar |
Safecure Services IPO subscription opened on 29 Oct 2025, and closed on 31 Oct 2025
IPO allotment for Safecure Services was finalized on Monday, 03 Nov 2025
IPO listing for Safecure Services was on BSE on Thursday, 06 Nov 2025
Safecure Services IPO LISTING GAINS
| Issue Price (adjusted) | 102.0 |
| Listing Open Price | 81.6 |
| Listing Close Price | 77.5 |
| Listing Gain% | -20.0% |
| Current Gain% | -77.5% |
Safecure Services Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Safecure Services Ltd. | 23 | 23.1 | 3.8 | -1.8 | 0.3 | 11.8 | 9 | 67.1 | -8.5 | 6 | -2.1 | 6 | -2.1 |
| Sagility Ltd. | 43.6 | 20429.3 | 20.6 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 354.4 | 15313.6 | 25.1 | 1 | 11.2 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 28.8 | 6709.1 | 16 | 0 | 6.1 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 427.4 | 6038.8 | 41.2 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 530 | 4389 | 38.1 | 1.5 | 5.9 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
Safecure Services INFORMATION ON IPO ISSUE
About Safecure Services
Safecure Services was incorporated on October 31, 2012. The company provides private security, e-surveillance, facility management, and corporate interior fit-out services in India. Through its wholly owned subsidiary, Safesense Tech, it offers 24/7 real-time monitored intrusion detection services, primarily for ATMs and bank branches
Object of the Issue
- Repayment / pre-payment, in full or part, of certain borrowings availed by the company
- Repayment / pre-payment, in full or part, of certain borrowings availed by their wholly owned subsidiary
- Part-funding the working capital requirement of the company
- General corporate purposes
Safecure Services - PROMOTERS
| Name |
|---|
| Shailendra Mahesh Pandey |
| Ranju Shailendra Pandey |
| Nikit Shailendra Pandey |
Safecure Services - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Shailendra Mahesh Pandey | Chairman & Managing Director |
| Nikit Shailendra Pandey | Whole-time Director |
| Ranju Shailendra Pandey | Executive Director |
| Ramesh Kumar Jain | Independent Director (Non-Executive Director) |
| Subhag Rai Mehta | Independent Director (Non-Executive Director) |
| Devendra Kumar Pandey | Independent Director (Non-Executive Director) |
Safecure Services Book Running Lead Manager
Sun Capital Advisory Services Private Limited
mb@suncapital.co.in
Safecure Services Registrar to the issue
MUFG Intime India Private Limited
safecure.smeipo@in.mpms.mufg.com
Safecure Services Strengths
Diverse product portfolio
The company’s diverse service portfolio strengthens its market position by serving as a single point of contact for multiple needs, enhancing customer relationships and engagement. Its centralised operations and in-house expertise enable efficient management of private security, facility management, and other services, fostering customer confidence and business growth
Advanced technological integration
The company leverages advanced technology and customised solutions to meet diverse client needs, offering services such as e-security, surveillance, manned guarding, and event security management. These tailored services enhance clients’ operational efficiency and overall security
Combination of human resource pool
The company recognises its employees as key assets driving its operations and service quality. With a strong geographical reach for manpower sourcing, standardised training and operational systems, and a skilled, integrity-driven workforce, it has built a scalable business model capable of delivering high-quality services to a diverse clientele
Safecure Services Risks
Operational risks
The company’s operations are exposed to inherent risks due to the nature of its security services. Its personnel work across varied environments—such as banks, corporates, educational and healthcare institutions, residential and commercial premises—where physical inspections, surveillance, and crisis response activities may pose operational and reputational risks if not effectively managed
Service related risks
The company faces potential risks from service-related claims or employee disruptions that could impact its reputation, operations, and financial performance. As its workforce provides security, e-surveillance, facility management, and interior fit-out services, limited control over on-site environments may lead to claims arising from employee negligence, misconduct, or damage to client property, which could result in financial liabilities and reputational harm
Manpower intensive
The company’s operations are highly manpower-intensive, and its growth depends on the ability to attract, train, and retain skilled employees. High attrition rates and rising competition for manpower could increase recruitment and training costs, affecting profitability and business performance
IPO FAQs
The promoters of the company are Shailendra Mahesh Pandey, Ranju Shailendra Pandey and Nikit Shailendra Pandey.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 102.0 - 102.0.
The IPO application opens on Oct 29, 2025 and closes on Oct 31, 2025.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 244,800.0, the maximum value for this IPO is Rs 244,800.0.
This IPO will be allotted on Nov 03, 2025.
The refund will be credited to your account on Nov 04, 2025.
The allotted shares will be credited to your demat on Nov 04, 2025.
Safecure Services Ltd.’s shares listed on the stock exchanges on Nov 06, 2025.