
Safecure Services Limited is an India-based company primarily engaged in providing private security, e-surveillance, facility management, and corporate interior fit-out services. Through its wholly-owned subsidiary, Safesense Tech Private Limited, it offers advanced e-surveillance solutions, including real-time monitoring for ATMs and bank branches. The company serves a diverse clientele, including financial institutions, multinational corporations, and public sector entities, leveraging a Pan-India presence and a portfolio of ISO certifications to deliver integrated and technology-backed solutions.
Opening Date
Oct 29, 2025
Closing Date
Oct 31, 2025
Listing Date
Nov 06, 2025
IPO Type
SME
IPO Status
Open
Issue Size
30.6 Cr
Fresh Issue
30.6 Cr
Offer for Sale
—
Price Band
₹102 - ₹102
Lot Size
1200
The net proceeds from the issue are proposed to be utilized for the following objectives:
Repayment or pre-payment, either in full or in part, of certain borrowings that have been availed by the Company.
Providing loans and advances to the wholly-owned subsidiary for the repayment or pre-payment, in full or in part, of certain borrowings availed by it.
Funding the working capital requirements of the Company to support its growing operational needs.
Financing general corporate purposes, which may include strategic initiatives, brand building, and other operational expenses not specifically allocated.
P/E Ratio
4.79
EPS
1.02
ROE
28.86%
ROCE
22.48%
RONW
28.86%
Debt to Equity Ratio
—
PAT Margin
8.26%
EBITDA Margin
17%
P/B
4.79
Offers a diverse portfolio of services including security, e-surveillance, facility management, and interior fit-outs.
Led by an experienced management team with significant domain expertise and a successful track record.
Maintains a Pan-India presence with a network of offices across multiple states, enabling wide service delivery.
Holds multiple ISO certifications (9001, 14001, 27001, 45001), indicating a commitment to quality and operational excellence.
Significant revenue concentration, with top ten customers contributing over 57% of revenues in recent years.
Manpower-intensive business model, making it vulnerable to challenges in attracting and retaining skilled personnel.
History of negative cash flows from operating activities and past delays in repayment of borrowings.
Dependence on rented premises for several branch offices, posing a risk of operational disruption if leases are not renewed.
The Indian safety and security industry is experiencing steady growth, estimated at 15-20% annually in some segments.
Increasing adoption of video surveillance in smart city projects and critical infrastructure provides significant demand.
Expansion of the ATM network driven by financial inclusion initiatives creates a growing market for ATM security and management.
Rapid urbanization and infrastructure development are driving the demand for integrated security and facility management services.
The security services industry is intensely competitive, with low barriers to entry from numerous organized and unorganized players.
Subject to numerous and evolving labor laws and regulations, which can increase compliance costs and operational complexity.
Business performance is susceptible to downturns in domestic and global economic conditions.
Potential misuse of firearms by security personnel could lead to reputational damage and legal liabilities.