New Delhi, June 20 -- Safe Enterprises Retail Fixtures IPO in focus today: The IPO of Safe Enterprises Retail Fixtures, which opened for bidding on Friday, June 20, saw muted investor interest, with the issue being subscribed only 0.02 times as of 12:00 p.m., according to exchange data.

The retail investor segment was subscribed 0.03 times, while the non-institutional investor (NII) category also saw a 0.03 times subscription. The Qualified Institutional Buyer (QIB) portion had not yet begun bidding.

The company plans to utilize the net proceeds from the issue toward funding capital expenditure for setting up a new manufacturing unit; investing in its subsidiary, Safe Enterprises Retail Technologies Private Limited, for the installation...