Security and facility management solutions provider Safecure Services' initial share sale has seen 1.77 times subscription on its final day of bidding, October 31. The fixed price issue was opened on October 29.
The Thane (Maharashtra)-headquartered company is raising Rs 30.6 crore via initial public offering (IPO) of 30 lakh shares at Rs 102 per share.
Investors have bid 53.18 lakh shares during three days against the offer size via 2,051 applications including 47.13 lakh shares through 1,964 applications from retail investors.
The IPO share allotment will be finalised by the company on November 3, while the trading in Safecure Services shares will commence on the BSE SME effective November 6.
Safecure Services, which is valued at little more than Rs 100 crore, intends to utilise IPO proceeds for repaying its debt, working capital requirement, and general corporate purpose.
Click Here To Read All IPO News
The company that primarily provides various services like private security, e-surveillance, facility management and also corporate interior fit outs work in India, has recorded profit of Rs 1.98 crore on revenue of Rs 18.3 crore for the quarter ended June 2025.
For the fiscal year ended March 2025, the profit was at Rs 6.2 crore, growing 8.3 percent compared to Rs 5.7 crore in previous year and revenue during the same period soared 16.3 percent to Rs 73.1 crore, up from Rs 62.8 crore.
Sun Capital Advisory Services acted as the merchant banker for the Safecure Services IPO.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
