The shares of Safecure Services made a weak stock market debut on November 6, listing at Rs 81.60 apiece on the BSE SME platform. This marks a 20 percent discount to the IPO price of Rs 102 apiece.
Notably, the unlisted shares of the company were trading with zero grey market premium over the IPO price, ahead of listing.
The initial public offering (IPO) of the security and facility management solutions provider had seen decent investor interest during its three days of bidding, being subscribed nearly 2 times its offer size by the end of its final day, October 31. The Thane-based company had launched its IPO to raise Rs 30.6 crore at an issue price of Rs 102 per share.
How will the IPO proceeds be used?
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.
Safecure Services financial performance:
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.
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