Safety Controls & Devices IPO
GMP, Subscription, Price, Dates & Financial Details
Electric Equipment
Incorporated in June 2015, Safety Controls and Devices Limited is a Lucknow-based engineering enterprise specializing in EPC (Engineering, Procurement, and Construction) services. The company focuses on delivering projects across substations, solar power plants, firefighting systems, and healthcare…
Open Date
Mon, 06 Apr 2026
Close Date
Wed, 08 Apr 2026
Price Band
₹ 75 – 80
Lot Size
1600
Issue Size
₹ 48.00 Cr
Minimum Investment
₹ 256,000 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Safety Controls & Devices IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹48.00 Crore, comprising a fresh issue of 60.00 Lakh equity shares aggregating to ₹48.00 Crore.
The Safety Controls & Devices IPO remained open for subscription from April 06, 2026, to April 08, 2026. The basis of allotment was finalized on April 09, 2026, and the company's shares were listed on BSE SME Platform on April 13, 2026.
The company had fixed the price band at ₹75 to ₹80 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹256,000 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited served as the registrar to the issue. Sobhagya Capital Options Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Safety Controls and Devices Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Safety Controls & Devices IPO Timeline (Tentative)
- IPO Open Date
- Mon, 06 Apr 26
- IPO Close Date
- Wed, 08 Apr 26
- Basis of Allotment
- Thu, 09 Apr 26
- Initiation of Refunds
- Fri, 10 Apr 26
- Credit of Shares to Demat
- Fri, 10 Apr 26
- Listing Date
- Mon, 13 Apr 26 — NSE & BSE
Open Date
06 April 2026
Close Date
08 April 2026
Basis Of Allotment
09 April 2026
Listing Date
13 April 2026
IPO Subscription
Check Live Subscription →The Safety Controls & Devices IPO has received bids for 79,82,400 shares against 49,76,000 shares offered, resulting in an overall subscription of 1.6x. the NII category is subscribed 2.8x, Retail Investors 0.76x, and QIBs 1.31x. Within the NII category, BNII is subscribed 3.9x, while SNII is subscribed 0.61x.
QIB
1.31x
NII
2.8x
BNII
3.9x
SNII
0.61x
RII
0.76x
Total
1.6x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 20,48,000 shares, representing 49.81% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 12,00,000 shares (29.18%), while Non-Institutional Investors (NIIs) receive 8,64,000 shares (21.01%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,200,000 | 29.18% |
| Non-Institutional | 864,000 | 21.01% |
| BNII | 576,000 | 14.01% |
| SNII | 288,000 | 7% |
| Retail Investors | 2,048,000 | 49.81% |
| Total | 4,112,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 164.41 | 1120.28 | 74.99 | 66.36 |
| Revenue | 68.51 | 103.5 | 45.7 | 49.26 |
| Profit After Tax | 8.52 | 8.99 | 4.01 | 0.43 |
| Net Worth | 54.47 | 42.17 | 17.48 | 12.47 |
| Reserve & Surplus | 40.64 | 28.87 | 6.98 | 2.97 |
| Total Borrowings | 39.18 | 33.84 | 29.79 | 18.52 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Safety Controls and Devices Limited KPI Information
| Particular | Jan 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 21.17 | 30.14 | 26.76 | 3.18 |
| ROCE % | 33.73 | 37.39 | 36.35 | 25.84 |
| Debt / Equity | 0.72 | 0.8 | 1.7 | 1.48 |
| RoNW % | 15.65 | 21.32 | 22.93 | 3.45 |
| Pat Margin % | 12.64 | 8.77 | 8.96 | 0.9 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Safety Controls & Devices Ltd | 10 | 0.00 | 6.28 | 6.28 | 21.17 | 39.39 |
| Viviana Power Tech Ltd | 10 | 61.27 | 10.99 | 10.99 | 10.53 | 111.88 |
| Oriana Power Ltd | 10 | 28.39 | 59.77 | 59.77 | 20.91 | 317.05 |
About Safety Controls and Devices Limited
Incorporated in June 2015, Safety Controls and Devices Limited is a Lucknow-based engineering enterprise specializing in EPC (Engineering, Procurement, and Construction) services. The company focuses on delivering projects across substations, solar power plants, firefighting systems, and healthcare infrastructure, including facilities developed for the Ministry of Ayush.
The organization primarily serves government clients, with a substantial portion of its business coming from central and state government bodies. Its client base also includes government power utilities, private power companies, and renewable energy developers.
Safety Controls and Devices Limited has established a strong operational presence, currently managing 19 substations. The company is actively expanding its footprint into utility-scale solar energy projects and electric vehicle charging infrastructure, aligning with emerging energy and sustainability trends.
With over three decades of experience in executing turnkey projects, the company has built a reputation for reliability and technical expertise in the engineering sector.
The company is ISO 9001:2015 certified by AOC Middle East LLC, reflecting its commitment to quality management standards.
As of September 30, 2025, Safety Controls and Devices Limited employed a workforce of 75 permanent employees.
Safety Controls & Devices IPO Promoters
- Rajnish Chopra
- Anjali Chopra
- Abhishek Chopra
Promoters Holding
Holding Pre Issue
66.53%
Holding Post Issue
46.40%
Safety Controls & Devices IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment/prepayment, in part or full of certain of our borrowings
- Funding the Working Capital Requirements of our Company
- General corporate purposes
Safety Controls and Devices Limited Address / Contact Details
Safety Controls & Devices Ltd. Address
C-43/28/1,
Nawal Kishore Road
Hazratganj,
Lucknow, Uttar Pradesh, 226001
Tel. No.: +91 05224026070
Email: cs@safetygroup.in
Website:www. safetygroup.in
IPO Snapshot
Safety Controls & Devices IPO Lot Size
The Safety Controls & Devices IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,56,000 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,56,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 256,000.00 |
| Retail (Max) | 2 | 3,200 | 256,000.00 |
| S-HNI (Min) | 3 | 4,800 | 384,000.00 |
| S-HNI (Max) | 7 | 11,200 | 896,000.00 |
| B-HNI (Min) | 8 | 12,800 | 1,024,000.00 |
Issue Reservation
- QIB — 29.18%
- NII — 21.01%
- RII — 49.81%
Book Running Lead Managers
- Sobhagya Capital Options Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Safety Controls & Devices IPO?
Safety Controls & Devices IPO is a Book-building IPO with a total issue size of ₹48 crore. The Safety Controls & Devices IPO price band is ₹75 to 80 per share. The Safety Controls & Devices IPO subscription opens on Mon, Apr 6, 2026, and closes on Wed, Apr 8, 2026. The Safety Controls & Devices IPO will be listed on the BSE. Maashitla Securities Pvt. Limited is the registrar for the Safety Controls & Devices IPO.
When will the Safety Controls & Devices IPO open for subscription?
The Safety Controls & Devices IPO opens on Mon, Apr 6, 2026 and closes on Wed, Apr 8, 2026
What is Safety Controls & Devices IPO Price Band?
Safety Controls & Devices IPO Price Band is ₹75 to 80 per share.
What is Safety Controls & Devices IPO Lot Size?
Safety Controls & Devices IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹256000 based on the upper price band
What is the minimum investment for Safety Controls & Devices IPO?
The minimum investment for Safety Controls & Devices IPO is ₹256000, based on one lot of 1600 shares at the upper price band of ₹80 per share.
How to apply for Safety Controls & Devices IPO?
Investors can apply for the Safety Controls & Devices IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Apr 8, 2026. The application amount remains blocked until the Safety Controls & Devices IPO allotment is finalized.
What is Safety Controls & Devices IPO Issue Size?
Safety Controls & Devices IPO issue size is ₹48 crores.
What is the Safety Controls & Devices IPO Allotment Date?
Safety Controls & Devices IPO allotment date is Thu, Apr 9, 2026.
Who is the Safety Controls & Devices IPO Registrar?
The registrar for Safety Controls & Devices IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Safety Controls & Devices IPO allotment status, refund processing, and other IPO-related information.
Who is the Safety Controls & Devices IPO Lead Manager?
The book-running lead managers (BRLMs) for the Safety Controls & Devices IPO are Sobhagya Capital Options Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Safety Controls & Devices IPO Red Herring Prospectus (RHP).