Who are the key clients of the company?

The company primarily serves government bodies and public sector undertakings, including state and central power utilities, along with private power and renewable energy companies.

What are the key strengths of Safety Controls & Devices Ltd.?

Key strengths of Safety Controls & Devices Ltd. include strong relationships with government and institutional clients, proven experience in executing EPC projects, a diversified project portfolio, and consistent growth in its financial performance.

What are the major risks investors should consider in Safety Controls & Devices Ltd.?

Major risks in Safety Controls & Devices Ltd. include its dependence on government projects, working capital-intensive operations, high reliance on the power and infrastructure sector, and execution risks associated with EPC (Engineering, Procurement, and Construction) projects.

Safety Controls IPO listing price?

Safety Controls IPO shares listed at around ₹+83 on BSE SME.

What is the price band of Safety Controls IPO?

The price band of Safety Controls IPO is fixed at ₹75 to ₹80 per equity share.

What is the issue price of Safety Controls IPO?

The issue price of Safety Controls IPO is ₹80 per share.

What is the lot size of Safety Controls IPO?

The lot size of Safety Controls IPO is 1600 shares per lot.

When is Safety Controls IPO allotment date?

The allotment date of Safety Controls IPO is expected to be 09 Apr 2026. Investors can check allotment status using PAN or application number on registrar website.

When will Safety Controls IPO list on the stock exchange?

Safety Controls IPO is expected to list on BSE SME on 13 Apr 2026.

What is the subscription status of Safety Controls IPO?

Safety Controls IPO has a total subscription of 1.23x , reflecting the overall investor interest. These numbers can change until the IPO closes on 08 Apr 2026.

Who is the registrar of Safety Controls IPO?

The registrar of Safety Controls IPO is Maashitla Securities Pvt. Limited.

Listing at ▲ + ₹83 Per Share

Safety Controls SME IPO Details 2026

Q: What are the main growth areas for Safety Controls & Devices Ltd.?

Safety Controls & Devices Ltd. is expanding into high-growth sectors such as utility-scale solar projects and electric vehicle (EV) charging infrastructure, aligning with India’s energy transition and increasing demand for sustainable energy solutions.

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

📈 View Full Safety Controls IPO GMP live 📊 View All IPO GMP Data

Note: Grey Market Premium is unofficial and indicative only.

📝 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.

IPO Quick Info

Open Date
06 Apr 2026

Close Date
08 Apr 2026

IPO Status
Upcoming

Time Left

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Lead Manager(s)

Sobhagya Capital Options Pvt.Ltd.

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By: IPO Info India Team

Last Updated: 13 Apr 2026, 07:36 PM

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.