Safety Controls SME IPO Details 2026
Latest Grey Market Premium & IPO Details
Safety Controls IPO 2026 – Key Info & Highlights
Safety Controls SME IPO details 2026 : opens April 6–8, 2026, price band ₹75–₹80. Lot size 1600 shares, minimum ₹2.56 lakh investment. Listing likely on April 13, 2026.
📌 IPO Details
| Company Name | Safety Controls IPO |
|---|---|
| Sector / Industry | Civil Construction |
| IPO Open Date | 06-04-2026 |
| IPO Close Date | 08-04-2026 |
| Allotment Date | 09-04-2026 |
| Refund Date | 10-04-2026 |
| Share Credit Date | 10-04-2026 |
| Listing Date | 13-04-2026 |
| Price Band | ₹75 - ₹80 |
| Lot Size | 1600 Shares |
| Min Investment | ₹2,56,000 ( 2 lot Price ) |
| Total Issue Size | ₹48.00 Cr |
| Reserved for Market Maker | ₹2.43 Cr |
| Net Issue Size | ₹45.57 Cr |
| Fresh Issue | ₹45.57 Cr |
| IPO Listing At | BSE SME |
| DRHP | View DRHP |
| RHP | View RHP |
| Anchor List | https://ipoinfoindia.com/uploads/anchor-doc/safety-controls-anchor-20260406001229-8185.pdf |
| Issue Type | Book Build Issue |
| Face Value | ₹10 Per Equity Share |
| Promoter Holding Pre IPO | 66.53 % |
| Promoter Holding Post IPO | 46.40% |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 34.13% |
| QIB (Qualified Institutional Buyers) | 46.40% |
| Anchor Investors | 26.40% |
| HNI (High Net Worth Individuals) | 14.40% |
| Reserved for Market Maker | 5.07% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 13-04-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 13-04-2026 09:45 |
| 12-04-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 12-04-2026 23:00 |
| 11-04-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 11-04-2026 23:20 |
📝 About Safety Controls
Incorporated in June 2015 and headquartered in Lucknow, Uttar Pradesh, Safety Controls & Devices Ltd. is an engineering-driven company specializing in EPC (Engineering, Procurement, and Construction) services. The company primarily operates in critical infrastructure segments such as power substations, solar energy projects, firefighting systems, and healthcare facilities, including projects for the Ministry of AYUSH.
The company largely serves government bodies and public sector undertakings, which form a significant part of its customer base. Its clientele includes state and central power utilities, private power companies, and renewable energy developers. This strong association with institutional clients provides stability in business but also makes the company dependent on government spending and project cycles.
Safety Controls & Devices Ltd. has established a solid presence in the power infrastructure space, currently operating 19 substations. In addition, the company is gradually expanding into high-growth areas such as utility-scale solar projects and electric vehicle (EV) charging infrastructure, aligning itself with India’s energy transition and sustainability goals.
The business operates on a project-based EPC model, where execution capability, timely delivery, and cost control play a crucial role. The company has demonstrated experience in executing turnkey projects, supported by its focus on quality standards and processes, as reflected in its ISO 9001:2015 certification.
With a workforce of around 75 permanent employees as of September 30, 2025, the company maintains a lean operational structure. Its growth is closely tied to infrastructure development, particularly in the power and renewable energy sectors, which offer long-term opportunities but also expose it to sector-specific risks.
Overall, Safety Controls & Devices Ltd. positions itself as a niche EPC player in the infrastructure and energy domain, combining execution experience, government relationships, and expansion into emerging segments to drive future growth.
Safety Controls Revised Financials
Financial Information (₹ Crore)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 120.28 | 74.99 | 66.36 |
| Total Income | 103.50 | 45.70 | 49.26 |
| Profit After Tax | 8.99 | 4.01 | 0.43 |
| EBITDA | 17.27 | 8.27 | 2.63 |
| Net Worth | 42.17 | 17.48 | 12.47 |
| Reserves and Surplus | 28.87 | 6.98 | 2.97 |
| Total Borrowing | 33.84 | 29.79 | 18.52 |
Note: All figures are in ₹ Crore as per company RHP / DRHP.
Safety Controls & Devices Ltd. Objects of Issue
- Debt Repayment – The company will use part of the proceeds to repay or prepay certain existing borrowings, either partially or fully, in order to reduce its financial burden. (₹6.00 Cr.)
- Working Capital Requirements – Funds will be utilized to support the company’s day-to-day operational needs, such as inventory, expenses, and business operations. (₹31.50 Cr.)
- General Corporate Purposes – The remaining funds will be used for general corporate activities, including business growth, administrative expenses, and other strategic initiatives.
Safety Controls & Devices Ltd. Strengths
- Established Industry Presence – The company has a long-standing presence in the safety devices and industrial products segment, building credibility and customer trust over the years.
- Diversified Product Portfolio – Offers a wide range of safety and control devices catering to multiple industries, reducing dependency on a single product line.
- Strong Customer Relationships – Maintains long-term relationships with clients, leading to repeat business and stable revenue generation.
- Focus on Quality and Compliance – Emphasis on product quality, safety standards, and regulatory compliance enhances reliability and market acceptance.
- Consistent Financial Growth – Demonstrated growth in revenue and profitability in recent years, indicating improving operational performance.
Safety Controls & Devices Ltd. Risk Factors
- Dependence on Specific Industry Sectors – The company derives a significant portion of its revenue from sectors such as power (including substations and solar projects) and healthcare infrastructure. Any slowdown, policy change, or reduced spending in these sectors may adversely impact its business and financial performance.
- Working Capital Intensive Operations – The business requires substantial working capital for execution of projects and operations. Any delay in receivables or shortage of funds could affect liquidity and operations.
- Customer Concentration Risk – A significant portion of revenue may be dependent on a limited number of customers or projects. Loss or reduction in business from such customers could materially impact revenues.
- Execution Risk in EPC Projects – The company operates in project-based EPC activities. Any delay in project execution, cost overruns, or failure to meet contractual obligations may impact profitability.
- Dependence on Suppliers and Input Costs – The company relies on third-party suppliers for materials and components. Any disruption in supply chain or increase in raw material prices may affect margins.
- Competitive Industry – The company operates in a highly competitive EPC and electrical equipment sector with presence of established players, which may impact pricing and margins.
- Outstanding Borrowings – The company has existing borrowings. Any inability to service debt obligations on time may adversely affect its financial condition.
- Regulatory Risks – The business is subject to various government approvals and regulations. Any adverse regulatory changes or non-compliance could impact operations.
Company Information
Founded in: - 2015
Address: Safety Controls & Devices Ltd., C-43/28/1, Nawal Kishore Road, Hazratganj, Lucknow, Uttar Pradesh – 226001
IPO Quick Info
06 Apr 2026
08 Apr 2026
Upcoming
Lead Manager(s)
- Sobhagya Capital Options Pvt.Ltd.
Frequently Asked Questions
Safety Controls & Devices Ltd. is an EPC (Engineering, Procurement, and Construction) company involved in projects like power substations, solar plants, firefighting systems, and healthcare infrastructure.