Safety Controls IPO open date is April 6, 2026 and the IPO will close on April 8, 2026. Safety Controls IPO is a Book build Issue. The company to raise around ₹48 crores via IPO that comprises fresh issue of ₹48 crores and offer for sale up to [.] equity shares with face value of ₹10 each.
Safety Controls IPO price band is ₹75 to ₹80 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Safety Controls IPO to list on BSE SME on April 13, 2026. The allotment of Safety Controls IPO date is April 9, 2026.
The company reported revenue of ₹103.50 crores in 2025 against ₹45.70 crores in 2024. The company reported profit of ₹8.99 crores in 2025 against profit of ₹4.01 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.
Safety Controls & Devices
Apr 6, 2026 – Apr 8, 2026
| IPO Open Date | April 6, 2026 |
| IPO Close Date | April 8, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹75 to ₹80 Per Share |
| Issue Size | Approx ₹48 Crores |
| Fresh Issue | Approx ₹48 Crores |
| Issue Type | Book build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | . |
| RHP Draft Prospectus | … |
Safety Controls & Devices Subscription
Last updated on 07-Apr-2026 16:09:06
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 1200000 | 374400 | 0.31 |
| HNIs | 864000 | 1955200 | 2.26 |
| bHNI | 576000 | 1939200 | 3.37 |
| sHNI | 288000 | 16000 | 0.06 |
| Individual | 2048000 | 1075200 | 0.53 |
| Total | 4112000 | 3404800 | 0.83 |
| Application-Wise Breakup | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 120 | 97 | 0.81 |
| HNIs (3-10L) | 60 | 3 | 0.05 |
| Individual | 640 | 336 | 0.53 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0 | @8% ₹0 | @9% ₹0 | @10% ₹0 | @11% ₹0.1 | @12% ₹0.1 |
Safety Controls & Devices Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 3200 | 256000 | 640 |
| sHNI | 3 | 4800 | 384000 | 60 |
| bHNI | 8 | 12800 | 1024000 | 120 |
Safety Controls & Devices Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 6000000 | 100% |
| Anchor | 1584000 | 26.4% |
| QIB | 1200000 | 20% |
| HNI | 864000 | 14.4% |
| INDIVIDUAL | 2048000 | 34.13% |
| Market Maker | 304000 | 5.07% |
Safety Controls & Devices About
IPO Details
| Total Issue Size | 60,00,000 shares (aggregating up to ₹48 Cr) |
| Fresh Issue | 60,00,000 shares (aggregating up to ₹48 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,38,26,999 Equity Shares |
| Share HoldingPost Issue | 1,98,26,999 Equity Shares |
| Reserved for Market Maker | 3,04,000 shares (aggregating up to ₹2.43 Cr) |
| Market Maker | NNM Securities Private Limited |
Key Performance Indicators (KPI)
| KPI | Jan-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROCE | 21.17% | 30.14% | 26.76% |
| ROCE | 33.73% | 37.39% | 36.35% |
| EPS (basic) | 6.28 | 6.98 | 4.01 |
| P/E PRE IPO | 12.3 | ||
| P/E POST IPO | 15.51 |
Company Financial (In ₹Crore)
| Period Ended | Jan-26 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 164.41 | 120.28 | 74.99 | 66.36 |
| Total Income | 68.51 | 103.5 | 45.7 | 49.26 |
| Profit After Tax | 8.52 | 8.99 | 4.01 | 0.43 |
| EBITDA | 16.21 | 17.27 | 8.27 | 2.63 |
| NET Worth | 54.46 | 42.17 | 17.48 | 12.47 |
| Reserves and Surplus | 40.63 | 28.87 | 6.98 | 2.97 |
| Total Borrowing | 39.17 | 33.84 | 29.79 | 18.52 |
Peer Comparison (Valuation)
| Company | P/E (x) | Face value (₹) |
|---|---|---|
| Safety Controls & Devices Limited | 12.30 | 10.00 |
| Viviana Power Tech Limited | 59.47 | 10.00 |
| Oriana Power Limited | 31.68 | 10.00 |
SOUCE:RHP,The figures for Safety Controls & Devices Limited are based on the standalone restated results for the year ended March 31, 2025.The figures for the peer group are based on audited results for the year ended March 31, 2025. Current Market Price (CMP) is the closing price of NSE respective scrip as on September 29, 2025. we have shown the P/E ratio of the IPO issuer company based on the pre-IPO valuation.
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Safety Controls & Devices Limited | 32.17 | 22.47 | 7.47 |
| Viviana Power Tech Limited | 97.93 | 39.96 | 27.68 |
| Oriana Power Limited | 254.75 | 31.11 | 79.52 |
About Company
Incorporated in June 2015, Safety Controls and Devices Limited is engaged in EPC (Engineering, Procurement and Construction) services, focusing on substations, solar plants, firefighting systems and hospital projects for the Ministry of Ayush.
Headquartered in Lucknow, Uttar Pradesh, the company primarily serves government entities, power utilities and renewable energy developers, forming a major portion of its customer base.
The company has executed multiple turnkey projects and currently operates 19 substations, with expansion plans in utility-scale solar projects and EV charging infrastructure.
Its operations cover complete project lifecycle including engineering, procurement, construction and execution, ensuring end-to-end delivery capabilities.
The company is ISO 9001:2015 certified and follows a centralized decision-making approach for procurement, workforce deployment and project execution.
As of September 30, 2025, the company had 75 permanent employees supporting its operations.
IPO proceeds will be utilised for debt repayment (₹6.00 Cr), working capital (₹31.50 Cr) and general corporate purposes.
Strength
Strong association with government entities: Long-standing relationships with central and state government bodies provide consistent project opportunities and business visibility.
Established OEM and supplier network: Good relationships with equipment manufacturers and suppliers support efficient procurement and project execution.
Centralized operational approach: Centralized decision-making improves control over costs, resource allocation and project timelines.
Risk Factors
Dependence on power sector and EPC projects: A significant portion of revenue is linked to the power sector, exposing the company to industry-specific risks and project execution challenges.
Reliance on government contracts: Business is dependent on government tenders; any policy or regulatory changes may impact project pipeline and revenue visibility.
Business diversification and positioning risk: Operations across multiple sectors beyond core safety-related perception may create brand ambiguity and affect market positioning.
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Safety Controls IPO FAQs
What is Safety Controls IPO?
Safety Controls IPO is SME IPO. The company is going to raise ₹48 Crores via IPO. The issue is priced at ₹75 to ₹80 per equity share. The IPO is to be listed on BSE.
When Safety Controls IPO will open for subscription?
The IPO is to open on April 6, 2026 for QIB, NII, and Retail Investors. The IPO will close on April 8, 2026.
What is Safety Controls IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Safety Controls IPO?
You can apply for Safety Controls IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Safety Controls IPO Issue Size?
Safety Controls IPO issue size is ₹48 crores.
What is Safety Controls IPO Price Band?
Safety Controls IPO Price Band is ₹75 to ₹80.
What is Safety Controls IPO Lot Size?
The minimum bid is 3,200 Shares with ₹2,56,000 amount.
What is the Safety Controls IPO Allotment Date?
Safety Controls IPO allotment date is April 9, 2026.
What is the Safety Controls IPO Listing Date?
Safety Controls IPO listing date is April 13, 2026. The IPO is to list on BSE.