Safety Controls & Devices was incorporated on June 01, 2015. The company is primarily engaged in EPC (Engineering, Procurement, and Construction) services, including substations, solar plants, firefighting systems, and hospital construction projects for the Ministry of Ayush. Based in Lucknow, it executes turnkey projects across sectors such as power transmission, renewable energy, EV infrastructure, and healthcare
| Bidding Dates |
|---|
| 06 Apr 2026 - 08 Apr 2026 |
| Subscription |
|---|
| 1.26x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,40,000 | 2 | 2 | 1600 | 6.0 M | ₹75 - ₹80 | 46.4 % | ₹450.0 M - ₹480.0 M | RHP DOC |
Safety Controls Devices IPO SUBSCRIPTION STATUS
08 Apr '26Safety Controls Devices IPO overall subscription rate was 1.26 times the total available shares
Safety Controls Devices IPO retail subscription rate was 1.01 times in the retail segment
Safety Controls Devices IPO non-institutional investor subscription rate was 3.66 times in the non-institutional investor category
Safety Controls Devices IPO Qualified Institutional Bidder subscription rate was 0.71 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
08 Apr 2026 (Day 3) | 1.01x | 3.66x | 0.71x |
07 Apr 2026 (Day 2) | 0.7x | 3.39x | 0.17x |
06 Apr 2026 (Day 1) | 0.61x | 0.23x | 0.11x |
Safety Controls Devices FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 10MFY26 | 67.4 | 8.5 | -1.8 | -1.8 | 24.0% |
| FY25 | 102.6 | 9.0 | -7.4 | -12.1 | 16.8% |
| FY24 | 44.7 | 4.0 | -10.5 | -10.5 | 18.5% |
| FY23 | 47.9 | 0.4 | -13.3 | -13.4 | 5.5% |
Safety Controls Devices IPO SUBSCRIPTION STATUS DETAILS
Safety Controls Devices had 6.0 M shares on offer
Safety Controls Devices IPO offer price was in the range ₹75 - ₹80
Safety Controls Devices IPO minimum Investment was ₹240000
Safety Controls Devices IPO issue size was ₹ 450.0 M - ₹ 480.0 M
Safety Controls Devices had a minimum lot size of 1600 Shares per application
Safety Controls Devices NUMBER OF SHARES ON OFFER
Safety Controls Devices IPO IMPORTANT DATES
| Issue Open Date | 06 Apr 2026 |
| Issue close Date | 08 Apr 2026 |
| Allotment Date | 09 Apr 2026 |
| Refund Date | 10 Apr 2026 |
| Demat Account Credit Date | 10 Apr 2026 |
| Listing Date | 13 Apr 2026 |
| Listing on Exchange(s) | BSE |
| Safety Controls Devices Allotment Status | Exchange/ Registrar |
Safety Controls Devices IPO subscription opened on 06 Apr 2026, and closed on 08 Apr 2026
IPO allotment for Safety Controls Devices was finalized on Thursday, 09 Apr 2026
IPO listing for Safety Controls Devices was on BSE on Monday, 13 Apr 2026
Safety Controls Devices IPO LISTING GAINS
| Issue Price (adjusted) | 80.0 |
| Listing Open Price | 83.0 |
| Listing Close Price | 79.0 |
| Listing Gain% | 3.8% |
| Current Gain% | -12.6% |
Safety Controls Devices Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Safety Controls & Devices Ltd. | 69.9 | 138.6 | 9.6 | 0.2 | 1.2 | 24.5 | 7.4 | 118.1 | 14.1 | 14.4 | 60.4 | 7.3 | 60.4 |
| Adani Green Energy Ltd. | 1372.4 | 226058.5 | 126.7 | 29.7 | 16.7 | 8.6 | 1.1 | 13819 | 11.2 | 1652 | 14.4 | 10.8 | 4.3 |
| Siemens Energy India Ltd. | 3648.8 | 129941.2 | 87.3 | 1.9 | 13.8 | 25.1 | 11.5 | 7932 | 66.6 | 1100.1 | 83.4 | 41.8 | 46.7 |
| NHPC Ltd. | 76.9 | 77266.4 | 20.4 | 0.8 | 6.3 | 9.1 | 3.1 | 12686.1 | 8.2 | 3765.7 | 25.2 | 3.8 | 24.1 |
| NTPC Green Energy Ltd. | 91.5 | 77100.9 | 127 | 13.9 | 23.5 | 2.8 | 0.9 | 3035.1 | 23.1 | 522.6 | 9.9 | 0.7 | 9.2 |
| SJVN Ltd. | 68 | 26706.9 | 41.8 | -5.6 | 5.3 | 4.5 | 1.2 | 4722.8 | 39.9 | 642.1 | -21.7 | 1.6 | -7.4 |
Safety Controls Devices INFORMATION ON IPO ISSUE
About Safety Controls Devices
Safety Controls & Devices was incorporated on June 01, 2015. The company is primarily engaged in EPC (Engineering, Procurement, and Construction) services, including substations, solar plants, firefighting systems, and hospital construction projects for the Ministry of Ayush. Based in Lucknow, it executes turnkey projects across sectors such as power transmission, renewable energy, EV infrastructure, and healthcare
Object of the Issue
- Repayment/prepayment, in part or full of certain of their borrowings
- Funding the working capital requirements of the company
- General corporate purpose
Safety Controls Devices - PROMOTERS
| Name |
|---|
| Rajnish Chopra |
| Anjali Chopra |
| Abhishek Chopra |
Safety Controls Devices - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Rajnish Chopra | Chairman & Managing Director |
| Anjali Chopra | Non- Executive Women Director |
| Abhishek Chopra | Whole Time Director |
| Tanuj Kumar Saxena | Non-Executive Independent |
| Kamna Sharma | Non-Executive Independent Director |
Safety Controls Devices Book Running Lead Manager
Sobhagya Capital Options Private Limited
cs@sobhagyacap.com
Safety Controls Devices Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
Safety Controls Devices Strengths
Technical expertise
The company’s experience in executing projects up to 400kV AIS substations positions it to compete for high-capacity and high-value tenders in the industry. Its technical expertise and relatively lower cost structure provide a competitive advantage in securing large contracts against multinational players
Skilled workforce
The company considers its skilled workforce as a key strength, comprising around 60 professionals including engineers and specialists across various functions. This experienced team supports efficient execution and strengthens its capabilities as an EPC player
Diverse product portfolio
The company offers a diversified portfolio across power transmission, fire safety, and renewable energy, providing end-to-end solutions tailored to evolving client needs. This broad service range strengthens its value proposition, enables cross-industry opportunities, and reduces exposure to market fluctuations
Safety Controls Devices Risks
Depend on power sector
The company relies significantly on the power sector for its revenues, exposing it to sector-specific risks that may impact financial performance. Additionally, managing a diversified EPC portfolio across substations, solar, firefighting, and hospital construction may affect operational efficiency and overall business outcomes
Depend on govt contracts
The company’s reliance on government contracts exposes it to risks from policy changes, regulatory delays, and shifts in public spending priorities, which may impact project timelines and revenues. Such dependencies, especially in sectors like renewable energy and healthcare, could adversely affect operations and financial performance
Competition
The company operates in a highly competitive industry and depends on successfully winning project bids to sustain and grow its business. Failure to compete effectively due to pricing, technical capabilities, or external factors like market conditions and government policies may adversely impact its financial performance and growth prospects
IPO FAQs
The promoters of the company are Rajnish Chopra, Anjali Chopra and Abhishek Chopra.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 75.0 - 80.0.
The IPO application opens on Apr 06, 2026 and closes on Apr 08, 2026.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 240,000.0, the maximum value for this IPO is Rs 256,000.0.
This IPO will be allotted on Apr 09, 2026.
The refund will be credited to your account on Apr 10, 2026.
The allotted shares will be credited to your demat on Apr 10, 2026.
Safety Controls & Devices Ltd.’s shares listed on the stock exchanges on Apr 13, 2026.