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Safecure Services Ltd
MiscellaneousIPOSME
₹102 - 102
We are primarily engaged in providing services relating to private security, e-surveillance, facility management and also corporate interior fit outs work in India. We, through our wholly owned Subsidiary, Safesense Tech Private Limited, provide e-surveillance services such as distinctive monitored intrusion alarm system and services (i.e. central intrusion detection and prevention services) in India. We provide services of real-time monitoring specially for ATMs and Bank Branches (i.e. site monitored 24/7 in real-time by our e-surveillance professionals to raise alerts the moment they detect any criminal or suspicious or abnormal activity).
Lot1,200Min Invest₹2,44,800Face Value₹10Issue Size₹31 CrFresh Issue₹31 CrListing Price₹82CMP₹21
Timeline
29 Oct
Bidding opens
31 Oct
Bidding closes
3 Nov
Allotment
4 Nov
Refund & demat credit
6 Nov
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹31 Cr0.30 Cr shares
Fresh Issue₹31 Cr
Face Value₹10
Lot Size1,200 shares
ReservationNII 49.98% · RETAIL 50.02%
Application Sizes
Retail₹2,44,8001-1 lots
sNII₹2,44,800from 2 lots
bNII₹11,01,600from 9 lots
Managers & Registrar
Lead ManagerSun Capital Advisors Pvt Ltd
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group94.32%67.5%Public5.68%32.5%
Objects of the Issue
- Repayment pre-payment in full or part of certain borrowings availed by the company
- Repayment / pre-payment, in full or part, of certain borrowings availed by our wholly owned subsidiary (by providing loans and advances by the Company)
- Funding Working Capital requirements of our Company
- General Corporate Expenses*
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 38 | 48 | 63 | 73 | 67 |
| Operating ProfitCr | 6 | 9 | 11 | 12 | 11 |
| OPM% | 15.1 | 18.6 | 17.6 | 17.0 | 17.1 |
| PBTCr | 2 | 5 | 7 | 7 | 6 |
| PATCr | 1 | 4 | 6 | 6 | 6 |
| EPS | 2 | 6 | 8 | 9 | 7 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 2 | 2 | 7 | 7 | 10 |
| ReservesCr | 5 | 8 | 8 | 14 | 41 |
| BorrowingsCr | 14 | 12 | 14 | 21 | 10 |
| Total AssetsCr | 29 | 31 | 37 | 53 | 67 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 3 | 8 | 3 | 0 | -3 |
| Investing Cash FlowCr | -6 | -3 | -3 | -3 | -7 |
| Financing Cash FlowCr | 3 | -5 | 1 | 4 | 11 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Diverse portfolio of services.
- Experience team of professionals with domain expertise and successful track record.
- Advanced Technological Integration.
- Pan India presence.
- Diverse customer base.
- Optimum combination of Human Resource pool.
Strategies · as stated in the DRHP
- Grow our businesses across customer segments.
- Continuous training and skills upgradation and retain talented employees.
- Use and upgrade technology to improve productivity and customer satisfaction.
- To continue focus on providing Quality Services.
- Increase geographical presence.
- Leverage and enhance our market skills and goodwill in the market.
Risks · as stated in the DRHP
- Our business is subject to operational risks which are inherent in our business. Any failure on our part to manage such risk may have an adverse impact on our financials and result of operations.
- We derive major portion of our total revenue from the security services business. Any decrease in the demand for our security services may have an adverse impact on our business, financial condition and result of operations.
- We have significant employee benefit expenses, such as workers' compensation, staff welfare expenses and contribution to provident and other funds. In case we face an increase in employee costs that we are unable to pass on to our customers, we may be prevented from maintaining our competitive advantage and our profitability may be impacted.
- Our business derives a significant portion of its revenue from a few customers any loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for our services could adversely affect our business, results of operations, financial condition and cash flows.
- We may be subjected to risk related to service-related claims and losses or employee disruptions which may have an adverse effect on our reputation, business, results of operations and financial condition.
- Our businesses are manpower intensive and our inability to attract and retain skilled manpower could have an adverse impact on our growth, business and financial condition.