Safecure Services IPO: A New Investment Opportunity on the Horizon!
Safecure Services Limited is preparing for its Initial Public Offering (IPO), which will be a fixed price issue. The IPO will consist entirely of a fresh issue of 30.00 lakh shares. However, the exact IPO dates and price band have not yet been announced. Once the IPO process is completed, the company’s shares will be listed on the BSE SME exchange.
The allotment for the Safecure Services IPO is expected to be finalized on a date yet to be disclosed. Sun Capital Advisory Services (P) Ltd has been appointed as the book-running lead manager for the IPO, while Link Intime India Private Ltd will act as the registrar for the issue. Investors and stakeholders can refer to the Draft Red Herring Prospectus (DRHP) for more detailed information about the offering.
IPO Structure & Reservation Details
• Face Value per Share: ₹10
• Total Issue Size: Yet to be announced
• Fresh Issue Size: 30,00,000 shares
• Issue Type: Fixed Price Issue IPO
• Lot Size: To be announced
• Listing Exchange: BSE SME
• Shareholding Pre-Issue: 70,40,000 shares
• Reservation:
• Retail Investors: 50% of the net issue
• Other Investors: 50% of the net issue
Promoter and Shareholding Details
The company is promoted by Shailendra Mahesh Pandey, who holds a significant stake in the company. Before the IPO, the promoter’s shareholding stands at 94.33%. However, post-issue shareholding details will be determined based on equity dilution.
Company Background
Safecure Services Limited was incorporated in 2012 and has since grown into a leading security and facility management company in India. The company specializes in providing a diverse range of services, including private security, e-surveillance, facility management, and corporate interior fit-out services.
Over the years, Safecure has expanded its operations across multiple locations in India, catering to a wide range of clients, including public and private sector enterprises, financial institutions, multinational corporations, and various industries. The company follows a standardized recruitment and training policy to maintain high service quality and is recognized as a professional security service provider.
Headquarters & Presence
The company is headquartered in Mira Road, Thane, and operates 12 offices across India, covering 12 districts. This widespread network enables the company to offer focused, high-quality, and customized services to its clients.
Services Offered by Safecure Services Limited
The company provides a broad range of services, including:
1. Security Services:
• Manned guarding
• Event security management
• ATM security management
• Technology-backed security solutions
2. E-Surveillance and Monitoring Services:
• Electronic security services for ATMs and bank branches
• Alarm monitoring and response services
• Surveillance solutions integrated with trained security personnel
3. Repair & Maintenance Services:
• ATM repair and maintenance
• Facility management services, including housekeeping and business support services
4. Corporate Interior Fit-Out Services:
• Designing and executing corporate interior projects
As of October 31, 2024, Safecure Services Limited employs 1,834 professionals, responsible for managing daily business operations and service delivery.
Competitive Strengths
Safecure Services Limited leverages multiple competitive advantages, including:
• Diverse Portfolio of Services – Offering security, surveillance, facility management, and corporate interior services under one umbrella.
• Experienced Team – Professionals with domain expertise and a strong industry track record.
• Advanced Technological Integration – Use of modern security and surveillance technology to enhance service quality.
• Pan-India Presence – Offices across multiple districts, ensuring extensive service coverage.
• Diverse Customer Base – Serving clients across different industries, including public and private sector enterprises.
Company Financials
The financial performance of Safecure Services Limited, based on its restated consolidated financial statements, is as follows:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 39.9 | 37.33 | 30.89 | 28.8 |
| Revenue (₹ Cr) | 15.51 | 63.06 | 47.74 | 38.41 |
| Profit After Tax (₹ Cr) | 1.52 | 5.59 | 3.93 | – |
The company has shown consistent growth in assets and revenue, reflecting its expansion strategy and operational efficiency.
Safecure Services Limited has established itself as a key player in the security and facility management sector, offering a broad range of services across India. With its strong customer base, experienced management team, and technological advancements, the company is positioning itself for future growth.
Investors and stakeholders interested in the Safecure Services IPO should keep an eye out for the official announcement of dates and price bands and refer to the DRHP for a comprehensive understanding of the company and its public offering.
