Safety Controls & Devices IPO is an SME offering amounting to ₹48 crore. This offering will raise 60,00,000 shares at a face value of ₹10 each. Investors can apply starting April 6, 2026. Bids will be accepted until the subscription window closes on April 8, 2026. The shares of this IPO will be allotted on April 9, 2026. The IPO’s listing on the BSE SME is planned for April 13, 2026.
The lot size of this IPO is 1,600 shares. The price range of shares is between ₹75 and ₹80. Retail investors can participate by placing bids for 2 lots, priced at ₹2,56,000. For the sNII category, the bids start from 3 lots, meaning their outlay will be ₹3,84,000. The bNII investors will have to invest at least ₹10,24,000 for eight lots.
Safety Controls & Devices IPO Details
The essential particulars related to this issue are presented in the given table:
| Particulars | Details |
| Bidding Opens | April 6, 2026 |
| Bidding Closes | April 8, 2026 |
| Face Value | ₹10 per share |
| Issue Type | Bookbuilding Issue |
| Price Band | ₹75 to ₹80 |
| Issue Price | |
| Listing at | BSE SME |
| Lot Size | 1,600 Shares |
| Reserved for Market Maker | 3,04,000 shares (₹2 Crore) |
| Fresh Issue | 56,96,000 shares (₹46 Crore) |
| Offer for Sale(OFS) | |
| Total Issue | 60,00,000 shares (₹48 Crore) |
| Minimum Investment | ₹2,56,000 |
Safety Controls & Devices IPO Timeline
The offering will run as per the schedule provided below:
| Particulars | Details |
| Bidding Opens | April 6, 2026 |
| Bidding Closes | April 8, 2026 |
| Tentative Allotment | April 9, 2026 |
| Initiation of Refunds | April 10, 2026 |
| Demat Credit of Shares | April 10, 2026 |
| Listing Scheduled | April 13, 2026 |
| UPI mandate cut-off | 5:00 PM on April 8, 2026 |
Safety Controls & Devices Key Performance Indicators (KPI)
The Safety Controls & Devices KPIs are presented in the following table:
| KPIs | FY23 | FY24 | FY25 |
| ROE (%) | 3.18 | 26.76 | 30.14 |
| ROCE (%) | 25.84 | 36.35 | 37.39 |
| Debt Equity (times) | 1.48 | 1.70 | 0.80 |
| RoNW (%) | 3.45 | 22.93 | 21.32 |
| PAT Margin (%) | 0.90 | 8.96 | 8.77 |
| EBITDA Margin (%) | 5.49 | 18.50 | 16.84 |
| Price Book Value | – | – | – |
Safety Controls & Devices Financials
The table below outlines Safety Controls & Devices’ key financial figures:
| Particulars (in ₹ lakh) | 2023 | 2024 | 2025 |
| Total Assets | 6,636.40 | 7,499.34 | 12,028.29 |
| Revenue | 4,925.58 | 4,570.30 | 10,350.21 |
| Profit | 43.08 | 400.83 | 899.04 |
Safety Controls & Devices IPO Subscription Status
The subscription data is currently unavailable as the Safety Controls & Devices IPO has not opened so far. Updated details will be provided once the bidding commences on April 6, 2026.
Bids can be submitted between 10:00 AM and 5:00 PM on all days of the issue.
Safety Controls & Devices IPO GMP Today
The Safety Controls & Devices IPO is trading in the unofficial market at a premium of ₹0. The investor interest seems to be muted as the GMP has remained unchanged. If the trend continues, the shares are expected to debut at ₹80, based on the upper price band.
| GMP Date | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|
| 31-03-2026 | ₹0  | ₹80 (0.00%) | ₹0 | 31-Mar-2026 17:29 |
| 30-03-2026 | ₹0 | ₹80 (0.00%) | ₹0 | 30-Mar-2026 23:30 |
| 29-03-2026 | ₹0 | ₹80 (0.00%) | ₹0 | 29-Mar-2026 23:34 |
| 28-03-2026 | ₹0 | ₹80 (0.00%) | ₹0 | 28-Mar-2026 23:28 |
Note: The GMP numbers are derived from informal market transactions. These values are indicative and should not be interpreted as investment advice.
Safety Controls & Devices IPO Reservation
This offering’s shares are reserved for various investor groups in the following structure:
| Investor Category | Reservation |
| QIB Shares | Maximum 50% |
| NII (HNI) Shares | Minimum 15% |
| Retail Shares | Minimum 35% |
| Total Shares | – |
Safety Controls & Devices IPO Lot Size
Investors have to bid in accordance with the specified lot requirements:
| Investor Type | Lots | Shares | Amount |
| Minimum Bid for Retail Investors | 2 | 3,200 | ₹2,56,000 |
| Maximum Bid for Retail Investors | 2 | 3,200 | ₹2,56,000 |
| S-HNI – Minimum Bid | 3 | 4,800 | ₹3,84,000 |
| S-HNI – Maximum Bid | 7 | 11,200 | ₹8,96,000 |
| B-HNI – Minimum Bid | 8 | 12,800 | ₹10,24,000 |
Safety Controls & Devices IPO Anchor Investors
The key details related to anchor investors of this IPO are as follows:
| Particulars | Details |
| Anchor Bidding Opens | April 2, 2026 |
| Shares Offered | Not Announced Yet |
| Portion Size | 60% of the QIB |
| 50% Shares Lock-in (30 Days) | May 9, 2026 |
| Remaining shares Lock-in (90 Days) | July 8, 2026 |
Safety Controls & Devices IPO Prospectus
To explore this issue in greater detail, you can go through the documents listed below.
| Draft Red Herring Prospectus (DRHP) | |
| Red Herring Prospectus (RHP) | |
| Anchor Investors | – |
| Final Prospectus | Not Disclosed Yet |
About Safety Controls & Devices
Safety Controls & Devices traces its roots back to 1997. The business initially operated as a proprietorship before being incorporated as a private company in 2015. It is an Engineering, Procurement, and Construction (EPC) company offering solutions for solar plants, substations, and firefighting equipment. It mainly caters to government bodies, giving them services related to power utilities and renewable energy.
The firm is headed by Rajnish Chopra, the managing director, who, along with the support of other promoters Abhishek Chopra and Anjali Chopra, guides the strategic decisions and oversees day-to-day operations. It is also expanding into solar energy and EV infrastructure, positioning itself as a diversified engineering solutions provider across sectors.
| Lead Manager | Sobhagya Capital Options |
| IPO Registrar | Maashitla Securities |
Safety Controls & Devices IPO Objectives
Proceeds from the offering will be directed to fulfil these goals:
| S. No. | Particulars | Amount (in ₹ lakh) |
| 1. | Pre-payment / Repayment of Borrowings | 600.00 |
| 2. | Working Capital Needs | 3,150.00 |
| 3. | General Corporate Purposes | – |
Strengths of Safety Controls & Devices
The operational foundation of Safety Controls & Devices is built on the following strengths:
- Technical Expertise
Safety Controls & Devices has experience in executing high-capacity projects. It gives them a favourable position to compete for high-value tenders while maintaining cost efficiency and improving the chances of securing contracts. - Government Relationships
Good ties with government entities and public sector undertakings ensure consistent project inflow. These agreements account for a significant portion of the earnings and enable expansion through a tender process. - OEM and Supplier Network
The company is strongly associated with OEMs and suppliers. This allows efficiency in project execution, minimising costs, and the ability to bid for large-scale contracts. - Diversified Business Portfolio
The firm enjoys flexibility as it operates across power, infrastructure, renewable energy, fire safety, and construction. This diversification helps in capturing opportunities while reducing dependency on a single industry.
Risks of Safety Controls & Devices
Assessing the potential risks associated with Safety Controls & Devices is critical before making an investment decision:
- Dependence on Government Contracts
The operations are heavily reliant on government projects. It increases exposure to policy changes, funding restrictions, or pending approvals, which can hinder project execution and future contract opportunities. - Industry Competition
The EPC sector has intense rivalry among competitors. Aggressive bidding and pricing pressure impact the margins, limit contract wins, and slow down future growth prospects. - Supplier Dependency Risk
Raw materials are sourced from external suppliers. Disputes, supply disruptions, or pricing fluctuations can impact project timelines and profitability. - Project Execution Risk
Shortage of labour, supply chain issues, or regulatory hurdles can delay the projects, increase costs, lead to penalties, and result in loss of future business opportunities.
Safety Controls & Devices IPO Review
The Safety Controls & Devices IPO presents a potential opportunity to participate in a growing and well-diversified engineering business. The company has technical expertise, is improving its financials, and has backing from government tenders. However, the GMP is flat, and risks related to competitive pressure and heavy dependence on suppliers exist.
Investors should make their decision after analysing the fundamentals, grey market trends, and long-term growth potential.
Other Recent IPO List
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Safety Controls & Devices IPO FAQs
Safety Controls & Devices IPO is an SME book-building issue of ₹48 crore, consisting entirely of a fresh issue of 60 lakh shares. It aims to fund working capital and debt repayment.
You can apply through your stockbroker using ASBA via net banking or UPI. Simply select the IPO, enter bid details, and approve the mandate before the cutoff time.
The IPO shows growth potential with improving financials and sector expansion. However, risks like government dependency and competition exist, so investors should evaluate fundamentals before investing.
Current GMP is ₹0, indicating muted listing expectations. Returns may depend more on long-term business performance rather than short-term listing gains.
The IPO opens for subscription on April 6, 2026, and closes on April 8, 2026.
The lot size is 1,600 shares, with a minimum retail investment of 3,200 shares (₹2,56,000) at the upper price band.
The allotment for the Safety Controls & Devices IPO will be finalised on April 9, 2026.
The Safety Controls & Devices IPO is expected to list on April 13, 2026, on the BSE SME platform.
