Based on the latest GMP, the estimated listing price is Rs 144, suggesting a listing gain of 4.35%. The allotment was finalized on June 25.
Founded in 1976, the Mumbai-based firm designs, manufactures, and installs custom retail fixtures and shop fittings for top Indian retail brands like Zudio, Westside, and Reliance Retail.
Its offerings include gondola shelving, checkout counters, visual merchandising displays, and storage solutions.
Financially, the company has reported impressive numbers. For the fiscal year ending March 2025, it clocked revenue of Rs 139.73 crore and profit after tax of Rs 39.19 crore.
IPO proceeds will fund the setup of a new manufacturing facility, working capital needs, and investments in its subsidiary, Safe Enterprises Retail Technologies.With a post-issue P/E of 16.19 and market capitalization of Rs 634.53 crore, the stock enters the market with favorable investor sentiment. Listing day could offer modest gains if overall market conditions remain supportive.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
