Safecure Services Ltd. is launching its IPO worth ₹30.60 crore through a fixed price issue. The entire issue consists of a fresh offer of 30 lakh equity shares.
The IPO will be open for subscription from October 29, 2025, to October 31, 2025. The allotment is expected on November 3, 2025, and the company’s shares are likely to be listed on the BSE SME platform on November 6, 2025.
Each share is priced at ₹102, and investors can apply for a minimum lot of 1,200 shares. The minimum investment for retail investors is ₹2,44,800 (for 2,400 shares), while HNI investors must apply for at least 3 lots (3,600 shares), amounting to ₹3,67,200.
Sun Capital Advisory Services Pvt. Ltd. is the lead manager for the IPO, MUFG Intime India Pvt. Ltd. is the registrar, and Giriraj Stock Broking Pvt. Ltd. will act as the market maker for the issue.
Safecure Services IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Safecure intends to use ₹7 crore from the IPO proceeds to repay or prepay certain secured and unsecured loans taken from lenders.
- The company plans to allocate ₹13 crore to support its working capital needs, ensuring smoother business operations and helping meet day-to-day expenses as the business expands.
- A portion of the funds (not exceeding 25% of the total issue size) will be used for general corporate activities, such as brand building, business expansion, technology upgrades, and strengthening operational efficiency.
About Safecure Services Limited
Incorporated in 2012, Safecure Services Ltd. is a leading provider of security and facility management solutions in India. The company offers a wide range of services, including private security, e-surveillance, facility management, and corporate interior fit-out works. Over the years, Safecure has expanded its operations nationwide and built a strong and diverse client base that includes government and private organisations, financial institutions, multinational corporations, and companies from various industries.
The company follows a uniform recruitment and training process to maintain high service quality and is known for its professional approach and reliable performance. Headquartered in Mira Road, Thane, Safecure operates through 12 offices across 12 districts in India, ensuring efficient and customized service delivery. Its major services include manned guarding, event and ATM management, electronic surveillance and monitoring for bank branches, facility management such as housekeeping and maintenance, and corporate interior projects.
As of August 31, 2025, the company had 1,849 employees managing its day-to-day operations. Safecure’s key strengths lie in its diverse service portfolio, experienced team, advanced technology integration, nationwide presence, and broad customer base, all of which contribute to its reputation as a trusted and professional security and facility management company.
Industry Outlook
- The Indian safety and security industry has been growing steadily, with some segments expanding by 15–20% each year.
- The Indian security industry includes several sub-sectors such as cybersecurity, electronic security, fire safety, road safety, industrial and private security, and personal protective equipment.
- According to trade data, the total market size of India’s safety and security industry grew from $8.3 billion in 2020 to an estimated $12.8 billion in 2023.
- With the expansion of smart city projects across India, there is a growing demand for video surveillance systems.
- Across the world, the ATM market varies by region. Developed areas like the USA, Canada, Europe, and Japan have high ATM penetration, while emerging regions such as Asia-Pacific and Latin America continue to show growing demand.
How To Apply for the Safecure Services IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Safecure Services IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Safecure Services IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Safecure Services Limited
Registered office: Safecure Services Ltd., Office No. 5, 5th Floor, Building No 6 Old 9,12,14, News No 62, 66, 69, Opp Pleasant Park, Mira Road, Behind Jhankar, Thane, Maharashtra, 401107
Phone: +91 99678 81047
Email: secretarial@safecure.in
Website: https://safecure.in/
Safecure Services IPO Reservation
| Investor Category | Shares Offered |
| Retail Shares Offered | 50% of the Net Issue |
| NII (Non-Institutional Investors) Shares Offered | 50% of the Net Issue |
Safecure Services IPO Promoter Holding
The promoter of the company is Shailendra Mahesh Pandey.
Share Holding Pre-Issue
| 94.33% |
| Share Holding Post Issue | 66.14% |
Safecure Services Key Performance Indicators (KPIs)
| KPI (Key Performance Indicator) | Values |
| ROE (Return on Equity) (%) | 28.86 |
| ROCE (Return on Capital Employed) (%) | 22.48 |
| Debt/Equity Ratio | 0.98 |
| RoNW (Return on Net Worth) (%) | 28.86 |
| PAT Margin (%) | 8.26 |
| EBITDA Margin (%) | 17.00 |
| Price to Book Value | 4.79 |
| Market Capitalization (₹ Cr) | 102.41 |
Safecure Services IPO Prospectus
Safecure Services IPO Registrar and Lead Managers
Safecure Services IPO Lead Managers
- Sun Capital Advisory Services Pvt.Ltd
Registrar for Safecure Services IPO
MUFG Intime India Pvt.Ltd.
- Phone: +91-22-4918 6270
- Email: safecure.smeipo@linkintime.co.in
- Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Financial Performance of Safecure Services Limited
| Particulars | Year ending on 31 Mar 2025 | Year ending on 31 Mar 2024 | Year ending on 31 Mar 2023 |
| Assets (₹ in Crore) | 53.07 | 37.48 | 30.94 |
| Total Income (₹ in Crore) | 73.27 | 63.06 | 47.74 |
| Profit After Tax (PAT) (₹ in Crore) | 6.16 | 5.69 | 3.98 |
| EBITDA (₹ in Crore) | 12.43 | 11.36 | 9.09 |
| Net Worth (₹ in Crore) | 20.93 | 15.00 | 9.33 |
| Reserves and Surplus (₹ in Crore) | 14.16 | 8.12 | 7.62 |
| Total Borrowings (₹ in Crore) | 20.55 | 14.30 | 11.51 |
Safecure Services IPO Peer Comparison
| Name of the Company | P/E Ratio | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV per Share (₹) | Revenue from Operations (₹ in Lakh) |
| Safecure Services Limited | [●] | 8.06 | 8.06 | 37.23 | 21.31 | 6,283.47 |
| SIS Limited | 28.02 | 13.08 | 12.77 | 7.87 | 33.50 | 12,26,142.50 |
| Krystal Integrated Services Limited | 17.51 | 42.30 | 42.30 | 13.03 | 26.93 | 1,02,684.90 |
Strengths and Opportunities of Safecure Services Limited
- Safecure offers a diverse portfolio of services, including security, e-surveillance, facility management, and interior fit-outs.
- The company is led by Mr Shailendra Mahesh Pandey, who has over 11 years of industry experience and holds a Doctorate in Intelligent Surveillance & Security.
- Safecure uses advanced technologies like e-security systems, surveillance tools, and customised solutions to enhance client safety and operational efficiency.
- Safecure serves clients from various sectors including banking, hospitality, logistics, education, and government organisations.
- Safecure aims to grow across new customer segments, including government departments, infrastructure projects, and households.
- The company focuses on continuous training and skill development for its employees to align with industry standards.
- Safecure plans to keep investing in new technologies to enhance operational efficiency, improve service quality, and strengthen customer satisfaction.
Risks and Threats of Safecure Services Limited
- A large portion of the company’s revenue comes from its security services segment. Any reduction in demand for these services or loss of major contracts could significantly affect revenue, growth, and profitability.
- Safecure’s operations are labour-intensive, with employee-related expenses making up the majority of total costs.
- The company earns a substantial part of its revenue from a few major customers. For instance, its top 10 clients contribute over half of total income.
- Since Safecure’s workforce operates on client premises, there is always a risk of employee negligence, misconduct, or damage to customer property.
- Safecure requires multiple state and central government licenses to operate.
- Several of the company’s offices are on leased properties.
- Due to the large workforce, Safecure may not always perform complete background checks on employees.
