Safecure Services Ltd IPO
Miscellaneous
Price Band
₹102 – ₹102
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹244800
Issue Size
₹30.6Cr
Opens
2025-10-29
Closes
2025-10-31
Listing
06-11-2025
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE0SVZ01015
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Safecure Services provides private security, e-surveillance, facility management, and corporate interior fit-out services in India. Through its wholly owned subsidiary, Safesense Tech Private Limited, the company offers e-surveillance solutions, including monitored intrusion alarm systems and central intrusion detection and prevention services, with real-time monitoring for ATMs and bank branches. Its range of services includes manned guarding, event management, ATM management, electronic security services, alarm monitoring and response, housekeeping, business support, and repair and maintenance of ATMs, along with interior fit-out work for corporate clients. The company serves clients across the public and private sectors, financial institutions, multinational corporations, and other industries. Safecure Services is headquartered in Mira Road, Thane, Maharashtra, and operates through a team of trained personnel across India.
Pros
- • Safecure Services claims to offer a broad portfolio of services that includes private security, e-surveillance, facility management, and corporate interior fit-out services. This diversity allows the company to serve as a single point of contact for multiple client needs and achieve operational efficiencies through centralised functions such as finance, sales, and administration. The company also reports having in-house expertise to manage all stages of deployment and service management.
- • The company claims to leverage advanced technology and customised solutions to meet varied client requirements. Its offerings include e-security and surveillance, manned guarding, event management, and systems integration. These technology-driven solutions are designed to enhance client operations and security management efficiency.
- • Safecure Services is headquartered in Mira Road, Thane, and claims to maintain a wide network of offices across multiple cities and towns in India. This geographical reach enables the company to cater to clients across regions and offer services at multiple operational sites. The company also reports that this network helps it achieve economies of scale and deliver cost-effective solutions.
Cons
- • Safecure Services derives a major portion of its revenue from the security services business, which includes manned guarding, mobile patrol, CCTV monitoring, alarm response, event security, and risk assessment. The segment accounted for Rs 13.90 crore (75.86 percent) of the company’s total revenue for the period ended June 30, 2025; Rs 54.39 crore (74.40 percent) in FY25; Rs 48.51 crore (77.21 percent) in FY24; and Rs 30.70 crore (64.59 percent) in FY23. Any reduction in demand for security services or adverse developments in this segment can negatively affect the company’s overall financial condition and operational results.
- • Employee benefits expenses accounted for Rs 8.90 crore (55.33 percent) of the company’s total expenses for the period ended June 30, 2025; Rs 34.60 crore (52.41 percent) in FY25; Rs 29.29 crore (51.77 percent) in FY24; and Rs 22.26 crore (51.58 percent) in FY23. Any sudden increase in employee-related costs that cannot be passed on to customers may affect the company’s profitability and ability to maintain a competitive cost structure.
- • The top three customers accounted for Rs 5.83 crore (31.02 percent) of the company’s revenue for the period ended June 30, 2025; Rs 23.71 crore (32.43 percent) in FY25; Rs 24.57 crore (39.10 percent) in FY24; and Rs 19.53 crore (41.09 percent) in FY23. If the company fails to retain these key customers, faces a slowdown in business from them, or is unable to expand the customer base, its business and profits could be negatively impacted.
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