The Safecure IPO continues to attract investor attention as the issue reached 1.34 times subscription by the end of Day 2, Thursday, October 30, 2025. The IPO opened on October 29 and will close on October 31. Safecure IPO price band is fixed at ₹102 per share, with a face value of ₹10 each.
As per data from the exchanges, Safecure has received bids for 38,31,600 shares against 28,50,000 shares offered, reflecting growing interest from retail investors. On Day 1, the IPO was subscribed 1.07 times.
Safecure IPO Subscription Status
The Safecure IPO saw a strong response from retail investors, while institutional interest remained subdued so far. The subscription breakdown as of 5 PM on October 30, 2025, is as follows:
- Qualified Institutional Buyers (QIB): 0.00x
- Non-Institutional Investors (NII): 0.28x
- Retail Individual Investors (RII): 2.41x
The strong RII participation shows high confidence among small investors, while the QIB portion is likely to see more activity closer to the final day of bidding.
Safecure IPO GMP Today
According to market observers, the Safecure IPO GMP (Grey Market Premium) today stands at ₹0 per share. This means that Safecure shares are currently trading at par with their issue price of ₹102 in the grey market.
A flat GMP indicates that investors are cautiously optimistic, waiting for the final subscription numbers and listing sentiment before assigning a premium value.
About Safecure Services Ltd
Founded in 2012, Safecure Services Ltd is one of India’s leading providers of security and facility management solutions. Headquartered in Mira Road, Thane, Maharashtra, the company caters to a wide range of clients, including government bodies, banks, private institutions, and multinational corporations.
Its core services include:
- Manned guarding and event security
- ATM management and monitoring
- E-surveillance for ATMs and bank branches
- Alarm systems and quick response solutions
The company emphasizes technology-driven safety solutions and local expertise through knowledge sharing across offices and industries.
Financial Highlights
Safecure has shown consistent growth over the years. The company reported:
- Revenue of ₹63.06 crore in FY2024 (vs ₹47.74 crore in FY2023)
- Net profit of ₹5.59 crore in FY2024 (vs ₹3.93 crore in FY2023)
This growth highlights Safecure’s expanding footprint in India’s organized security services market and improving profitability.
The Safecure IPO, subscribed 1.34 times on Day 2, has captured retail investor interest despite a flat grey market response. The company’s consistent financial performance and industry presence make it an intriguing SME IPO to watch.
As the final subscription day approaches, all eyes are on institutional participation, which could determine the IPO’s overall strength and listing momentum.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence or consult certified financial advisors before investing in the Safecure IPO or any other public issue.
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