Safecure Services Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Safecure Services Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹102
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,22,400
Issue Size
₹30.6 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50.02%
QIB Quota
0%
NII Quota
49.98%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Safecure Services Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
94.33%
Promoter Holding (Post-Issue)
66.14%
Issue Type
Fixed Price - SME
ISIN
INE0SVZ01015
About the Company
We are primarily engaged in providing services relating to private security, e-surveillance, facility management and also corporate interior fit outs work in India. We, through our wholly owned Subsidiary, Safesense Tech Private Limited, provide e-surveillance services such as distinctive monitored intrusion alarm system and services (i.e. central intrusion detection and prevention services) in India. We provide services of real-time monitoring specially for ATMs and Bank Branches (i.e. site monitored 24/7 in real-time by our e-surveillance professionals to raise alerts the moment they detect any criminal or suspicious or abnormal activity).
Industry Overview
In recent years, the Indian safety and security industry has experienced steady growth, with some segments estimated to be growing 15 to 20 percent annually. Population growth, urbanization, industrialization, and expansion of infrastructure and mass transportation systems are all driving expectations for greater safety and security measures. The security systems market in India is broadly classified into subsectors: cybersecurity; electronic security; fire safety, detection, and prevention; road safety; private and industrial security; and personal protective apparel and equipment.
Company History
Our Company was incorporated on October 31, 2012, as `Safecure Services Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Mumbai. Subsequently, our Company was converted to a public limited company, pursuant to a special resolution passed by the shareholders of our Company at the Extra-ordinary general meeting held on May 18, 2023 and the name of our Company was changed from `Safecure Services Private Limited' to `Safecure Services Limited', pursuant to conversion from private to public company and a fresh certificate of incorporation dated August 2, 2023, issued by the Registrar of Companies, Mumbai.
Products & Services
- The Company is primarily engaged in providing services relating to private security, e-surveillance, facility management and also corporate interior fit outs work in India.
Growth Strategy
- Grow our businesses across customer segments.
- Continuous training and skills upgradation and retain talented employees.
- Use and upgrade technology to improve productivity and customer satisfaction.
- To continue focus on providing Quality Services.
- Increase geographical presence.
- Leverage and enhance our market skills and goodwill in the market.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 30,00,000 equity shares of face value Rs. 10/- each (The "Equity Shares") of Safecure Services Limited ("the Company" or The "Issuer") for cash at a price of Rs. 102 per equity share (Including a Securities Premium of Rs. 92 per Equity Share) ("Issue Price" or "Offer Price"), aggregating to Rs. 30.6 crores (The "Issue") of which 1,50,000 equity shares aggregating to Rs. 1.53 crores (Constituting up to 1.49% of the Post-Issue Paid-Up Equity Share Capital of the Company) will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 29.88% and 28.39% respectively of the Post-Issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is 10.20 times of the face value. Fixed price issue at Rs. 102 per equity share. Minimum Application size of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Diverse portfolio of services.
- Experience team of professionals with domain expertise and successful track record.
- Advanced Technological Integration.
- Pan India presence.
- Diverse customer base.
- Our business is subject to operational risks which are inherent in our business. Any failure on our part to manage such risk may have an adverse impact on our financials and result of operations.
- We derive major portion of our total revenue from the security services business. Any decrease in the demand for our security services may have an adverse impact on our business, financial condition and result of operations.
- We have significant employee benefit expenses, such as workers' compensation, staff welfare expenses and contribution to provident and other funds. In case we face an increase in employee costs that we are unable to pass on to our customers, we may be prevented from maintaining our competitive advantage and our profitability may be impacted.
- Our business derives a significant portion of its revenue from a few customers any loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for our services could adversely affect our business, results of operations, financial condition and cash flows.
- We may be subjected to risk related to service-related claims and losses or employee disruptions which may have an adverse effect on our reputation, business, results of operations and financial condition.