Safecure Services SME IPO trades 38% below issue price post volatile listing

Safecure Services Limited’s SME IPO, issued at ₹102 per share, began trading at ₹63.25, marking a 38% decline from its offer price. The ₹30.6 crore issue comprised 30 lakh shares and was fully subscribed during the bidding phase. The company raised capital to expand its facility management and manpower outsourcing operations. Market data shows initial price volatility amid limited liquidity and low post-listing volumes. Safecure reported FY25 revenue of ₹96 crore and aims to enter five new states by FY26.