Safecure Services Debuts on BSE SME Platform at Issue Price
Safecure Services, a Thane-based security and facility management company, listed on the BSE SME platform at its IPO price of Rs 102 per share. The company raised Rs 31 crore through its IPO, offering 30 lakh shares. Founded in 2012, Safecure Services operates across India with 12 offices, providing manned guarding, e-surveillance, housekeeping, and ATM management services. The company reported a total income of Rs 73.27 crore, a 16% year-on-year increase, and a profit after tax of Rs 6.16 crore, an 8% increase. With 1,849 employees, Safecure Services has established a significant presence in the security and facility management sector.
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Safecure Services, a Thane-based security and facility management company, made its market debut on the BSE SME platform following its Rs 31 crore Initial Public Offering (IPO). The company's shares were listed at the issue price, aligning with expectations set by the zero grey market premium observed prior to the listing.
IPO Details
| Particulars | Details |
|---|---|
| Issue Size | Rs 31 crore |
| Shares Offered | 30 lakh |
| Issue Price | Rs 102 per share |
| Subscription Period | October 29-31 |
| Investor Interest | Full subscription from retail and non-institutional investors |
Company Overview
Safecure Services, founded in 2012, has established itself as a prominent player in the security and facility management sector. The company's operations span across India through a network of 12 offices, offering a diverse range of services:
- Manned guarding
- E-surveillance
- Housekeeping
- ATM management
These services cater to both public and private sector clients, showcasing the company's versatility and broad market reach.
Financial Performance
The company's financial metrics reflect a positive growth trajectory:
| Metric | Value | Year-on-Year Growth |
|---|---|---|
| Total Income | Rs 73.27 crore | 16% increase |
| Profit After Tax (PAT) | Rs 6.16 crore | 8% increase |
| EBITDA | Rs 12.40 crore | Not specified |
| PAT Margin | 8.30% | Not specified |
Market Position and Workforce
Safecure Services has built a substantial workforce, employing 1,849 people across its operations. This significant employee base underscores the company's scale and its potential for further growth in the labor-intensive security and facility management sector.
The listing of Safecure Services on the BSE SME platform marks a significant milestone for the company, providing it with access to capital markets and potentially enhancing its visibility among investors. As the company begins its journey as a publicly traded entity, market participants will be keen to observe its performance and growth strategies in the competitive security and facility management industry.
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