Security and facility management company Safecure Services has seen its initial public offering (IPO) oversubscribed 1.77 times on the final day of bidding, October 31.
The fixed-price IPO opened on October 29.
The Thane-based company is raising Rs 30.6 crore by issuing 30 lakh shares at Rs 102 per share.
Investors submitted bids for 53.18 lakh shares during the three-day period, including 47.13 lakh shares from retail investors.
The IPO allotment will be finalised on November 3, and trading on BSE SME will begin on November 6.
Company Profile and IPO Purpose
Safecure Services offers private security, e-surveillance, facility management, and corporate interior fit-out services across India.
The company, valued at just over Rs 100 crore, plans to use the IPO proceeds for:
Repaying debt
Working capital needs
General corporate purposes
Financial Performance
The company posted a profit of Rs 1.98 crore on revenue of Rs 18.3 crore for the quarter ended June 2025.
For the fiscal year ending March 2025:
Profit: Rs 6.2 crore (up 8.3% from Rs 5.7 crore the previous year)
Revenue: Rs 73.1 crore (up 16.3% from Rs 62.8 crore)
Sun Capital Advisory Services acted as the merchant banker for the IPO.
Key Takeaways
Safecure Services IPO is oversubscribed, reflecting strong investor interest.
The company has consistent revenue and profit growth.
IPO proceeds will help the company strengthen its finances and support expansion.
