SME IPO: SafeCare shares hit 20% lower circuit

Business Nov 06, 2025

Safecure Services just hit the BSE SME platform, but its shares opened at ₹81.60—down 20% from the IPO price of ₹102.
Even though their ₹30.6 crore IPO was almost twice subscribed by October 31, there was no gray market buzz before listing.

Safecure's business and financials

Safecure offers private security, e-surveillance, facility management, and corporate interior fit outs work in India.
For FY25, they grew revenue by 16.3% to ₹73.1 crore and bumped up profits by 8.3% to ₹6.2 crore.

What the funds will be used for

The funds raised will help pay off debt and cover working capital needs, plus other general expenses.
Sun Capital Advisory Services handled the IPO process that brought Safecure to the market.