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SAFEENTP IPO

Safe Enterprises Retail Fixtures Limited
Start Date20-06-2025
Application Timing10am-5pm
Price Range₹131 - ₹138
Min Qty1000
Min. Investment₹131000
Listing DateNA
Close Date24-06-2025

About Safe Enterprises Retail Fixtures Limited

Safe Enterprises Retail Fixtures Limited, established in 1976, is a leading manufacturer and supplier of retail shop fittings and merchandising solutions across India. The company specializes in the end-to-end design, production, and installation of customized fixtures for retail formats like fashion outlets, electronics stores, department stores, and hypermarkets.

Its clientele includes major Indian retail giants such as Zudio, Westside, Reliance Retail, Future Group, and Godrej Nature’s Basket, among others. The company offers a diverse product portfolio including:

Gondola Shelving

Checkout Counters

Display Racks

Mannequins and Visual Merchandising

Backroom Storage Fixtures

Custom Retail Fixture Design

With three manufacturing units located in Mumbai and Thane, and two franchisees in Navi Mumbai and Hyderabad, the company also has international distributors in Dubai and Kansas City. It serves over 25 states and union territories in India, with Maharashtra, Karnataka, and Gujarat being the top revenue contributors.

Why To Invest in Safe Enterprises Retail Fixtures Limited

Strong Industry Experience: Over four decades of specialized presence in the retail fixture domain.

Prestigious Client Base: Serving major retail chains with high retention and repeat business.

Robust Financial Performance: Net profit of 23.09 Cr in FY24 with exceptional returns like ROE of 105.34% and ROCE of 114.11%.

Pan-India Presence: Operational presence in over 25 Indian states with expanding export potential.

Future Expansion: Funds raised will be used for setting up a new manufacturing unit and expanding capabilities of its tech subsidiary.

Financial Table
Period Ended 30 Sep 2024 31 Mar 2024
Assets76.39 54.4
Revenue 58.09 101.38
Profit After Tax 16.96 23.09
Net Worth 13.03 28.99
Reserves and Surplus 13.024.36
Total Borrowing 31.7 0.9
Strengths And Risks
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Established Track Record: Operating since 1976 with deep industry expertise.
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Strong Financial Metrics: High return ratios and low debt (Debt/Equity at 0.03).
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Diverse Product Line: Wide range of retail fixture solutions tailored to various segments.
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Expansion-Focused Strategy: Proceeds directed toward capacity expansion and tech integration.
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Well-Spread Clientele: Services high-value clients across multiple geographies.
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SME Listing: Being listed on the NSE SME platform may reduce liquidity and limit large-scale investor participation.
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Revenue Concentration: High revenue contribution from select states like Maharashtra.
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Industry Dependency: Dependent on retail sector performance, which may face cyclic trends.
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Scaling Challenges: Execution risk related to setting up new manufacturing and tech units.
FAQs
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