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Safety Controls & Devices Ltd

Safety Controls & Devices Ltd IPO opened on 06 Apr 2026 and closed on 08 Apr 2026, with a price band of ₹75–₹80 per share. The IPO had a lot size of 1600 shares, requiring a minimum investment of ₹2,56,000 per lot at the upper price band. The issue size was ₹48 crore, and the shares get listed on 13 Apr 2026.

Safety Controls & Devices Ltd IPO Details

Listing Date

13 Apr 2026

Bid Price

₹75 - ₹80

Lot Size

1600 Shares

Minimum Investment

₹2,56,000 / 2 Lots

Issue Size

₹48 Cr

Key Dates to Track

    Here are the important dates you need to know in order to participate in this IPO

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Offer Start Date

6th Apr

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Offer End Date

8th Apr

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Allotment Date

9th Apr

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Refund Initiation

10th Apr

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Demat Transfer

10th Apr

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Listing Date

13th Apr

About Safety Controls & Devices Ltd IPO

Safety Controls & Devices Ltd was incorporated in June 2015 and operates in the engineering, procurement, and construction (EPC) segment. The company focuses on projects such as substation installation, solar plant development, firefighting systems, and selected hospital construction works for the Ministry of Ayush. Headquartered in Lucknow, Uttar Pradesh, it functions as an engineering-focused enterprise with a project execution model that includes turnkey solutions. The company was initially registered as a private limited entity under the Companies Act, 2013, and was later converted into a public limited company in September 2023, as per filings with the Registrar of Companies, Kanpur.
 

The company’s client base largely comprises government entities and undertakings, including state and central power utilities, along with private power sector participants and renewable energy developers. It operates 19 substations and has indicated expansion into utility-scale solar projects and electric vehicle charging infrastructure. The company holds ISO 9001:2015 certification issued by AOC Middle East LLC. Its project portfolio includes execution of infrastructure-related assignments over multiple years, primarily through EPC contracts across power and allied sectors.

Safety Controls & Devices Ltd Shareholding Pattern

  Pre-Issue Post-Issue
Promoter Group 66.53% 46.41%
Public Group 33.47% 53.59%

Safety Controls & Devices Ltd IPO Reservation

QIB Shares Offered 12,00,000 (20%)
NII (HNI) Shares Offered 8,64,000 (14.4%)
Retail Shares Offered 20,48,000 (34.13%)
Anchor Investor Shares Offered 15,84,000 (26.4%)
Total Shares Offered 60,00,000
Total Shares With Anchor Investor 60,00,000

Safety Controls & Devices Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 3,200 ₹2,56,000
Retail (Max) 2 3,200 ₹2,56,000
S HNI (Min) 3 4,800 ₹3,84,000
S HNI (Max) 7 11,200 ₹8,96,000
B HNI (MIN) 8 12,800 ₹10,24,000

Safety Controls & Devices Ltd IPO Anchor Portion Size

Bid Date April 02, 2026

Safety Controls & Devices Ltd IPO registrar

Maashitla Securities Pvt Ltd
Phone Number 011-47581432
Email Id ipo@maashitla.com
Website www.maashitla.com

Safety Controls & Devices Ltd IPO Lead Manager

1. Sobhagya Capital Options Pvt Ltd

Safety Controls & Devices Ltd Financial Information

March 31, 2025 March 31, 2024 March 31, 2023
Net Worth ₹42.17 Cr ₹22.17 Cr ₹16.41 Cr
Reserves and Surplus ₹28.87 Cr ₹11.67 Cr ₹6.91 Cr
Total Borrowing ₹33.84 Cr ₹29.79 Cr ₹18.52 Cr

Safety Controls & Devices Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid Subscription (Times)
Qualified Institutional Buyers (QIBs) 12,00,000 15,76,000 1.31
Non Institutional Investors (NIIs) 11,68,000 24,22,400 2.07
Retail Individual Investors (RIIs) 20,48,000 15,61,600 0.76
Total 44,16,000 55,60,000 1.26

Strength of Safety Controls & Devices Ltd

  • Experienced Promoter and Management Team.
  • Scalable Business Model.
  • Wide and diverse range of product offerings.
  • In-house manufacturing facility with equipped machines and processes. Further having in-house Quality Control and Research & Development facility.

Risks Involved

  • The company's reliance on power sector, for a significant portion of its sales, combined with the challenges of managing a diversified portfolio across multiple industries, could adversely impact the company's revenue, operational efficiency, and overall business performance.
  • The company's reliance on government contracts exposes the company to substantial risks, as any regulatory or policy changes could significantly impact project timelines, funding, and the company's ability to secure future contracts. These changes could adversely affect its business operations and financial performance.
  • The Company's current operations extend beyond the safety-focused implication of its name, which may cause confusion or misrepresent the full scope of its diverse activities across sectors such as power transmission, solar energy and infrastructure development
  • Substantial portion of its revenues has been dependent on few of the company's clients from which the company gets the majority of project on sub-contract basis. The loss of any one or more of the company's major clients would have a material adverse effect on its business operations and profitability.
  • The company's contracts are primarily with the government entities. As a result, the working capital cycle is extended, with receivables taking more time to be collected from these entities. Intense competition in the EPC sector, driven by aggressive bidding and price sensitivity, can lead to reduced profit margins and the potential loss of critical contracts. Additionally, financial pressures from well-resourced competitors employing predatory pricing strategies may hinder sustainable business growth and profitability.
  • Company has filed the Draft Red Herring Prospectus dated November 08, 2024 with the SME Exchange of NSE Limited. The proposed listing on EMERGE platform of the Exchange pursuant to Initial Public Offer was returned as per the `Exchange's Guidelines for returning of Draft Offer Documents filed with the Exchange for listing on NSE Emerge Platform.
  • The company's Top 1, 3, 5 and 10 Suppliers contribute a significant portion of its raw material consumption during the current and previous financial years. Any dispute with one or more of them may adversely affect the company's business operations.
  • The Company has negative cash flows in the past years from operating and investing activities, details of which are given below. Sustained negative cash flow could impact its growth and business.
  • The Company requires a significant amount of working capital for a continuing growth. The company's inability to meet its working capital requirements may adversely affect the company's results of operations.
  • The company's 100% revenues came from one state for the stub period January 31, 2026 and for the year ended March 31, 2025 and the financial year ended 31st March 2024, 2023. Any loss of business from one states may adversely affect its revenues and profitability.
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Industry Outlook of Safety Controls & Devices IPO

  • Power infrastructure is a core element of national development, supporting economic activity and public welfare across India.

  • The expansion and reliability of electricity systems play a key role in enabling long-term economic stability and growth.

  • India’s power sector has focused on ensuring access to electricity for all households at reasonable cost while maintaining sustainability.

  • Policy measures led by the Ministry of Power have aimed at addressing earlier supply gaps and improving overall availability.

  • The development of a unified national grid and strengthening of distribution networks has supported better connectivity and efficiency.

  • Efforts towards universal electrification have contributed to wider access across urban and rural regions.

  • India’s energy demand is projected to increase significantly over the coming decades due to economic expansion and population scale.

  • A substantial share of this rising demand is expected to be met through renewable and low-carbon energy sources.

  • The transition towards cleaner energy reflects policy direction aligned with long-term environmental considerations.

  • Renewable energy development is becoming an integral part of India’s overall energy strategy.

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Safety Controls & Devices IPO.

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Frequently Asked Questions

What is Safety Controls & Devices Ltd IPO?

Answer Field

Safety Controls & Devices Ltd IPO is a SME IPO of 60,00,000 equity shares of a face value of ₹10 aggregating up to ₹48 Crores. The issue is priced at ₹75 to ₹80 per share. The minimum order quantity is 1600 Shares. The IPO opens on April 06, 2026, and closes on April 08, 2026. Maashitla Securities Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Safety Controls & Devices Ltd IPO will open?

Answer Field

The Safety Controls & Devices Ltd IPO opens on April 06, 2026 and closes on April 08, 2026.

What is the lot size of Safety Controls & Devices Ltd?

Answer Field

Safety Controls & Devices Ltd lot size is 1600 shares, and the minimum amount required is ₹2,56,000.

How to apply for Safety Controls & Devices Ltd IPO?

Answer Field

You can apply in Safety Controls & Devices Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Safety Controls & Devices Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Safety Controls & Devices Ltd IPO will be done on April 09, 2026, and the allotted shares will be credited to your demat account by April 10, 2026.

When is Safety Controls & Devices Ltd IPO listing date?

Answer Field

The Safety Controls & Devices Ltd listing date is April 13, 2026.

Who is the registrar of Safety Controls & Devices Ltd IPO?

Answer Field

The registrar of Safety Controls & Devices Ltd IPO is Maashitla Securities Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Sobhagya Capital Options Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Safety Controls & Devices Ltd IPO?

Answer Field

The fresh issue size is ₹48 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Safety Controls & Devices Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹2,56,000 amount.

How can I approve the UPI mandate request for Safety Controls & Devices Ltd IPO?

Answer Field

To apply for Safety Controls & Devices Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Safety Controls & Devices Ltd?

Answer Field

The price of each Safety Controls & Devices Ltd share will be ranging in between ₹75 to ₹80 per share.

What is the cut-off time for the UPI mandate for Safety Controls & Devices Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, April 08, 2026.

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