Safety Controls & Devices Limited IPO
Safety Controls & Devices Limited IPO
SME BSE SME Closed

Price Band

₹75 - ₹80

Total Issue

₹48 Cr

Bid Dates

06 Apr - 08 Apr

Subscription

1.28x

Listing Price

₹83 (3.75%)

Website RHP
Check Allotment

Valuation

Market Cap

₹158.62 Cr

P/E Ratio

11.46x

P/B Ratio

2.52x

Safety Controls IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Conflicting IPOs

IPOs with overlapping timeline

Emiac Technologies IPO

Mar 27 - Apr 08

Business Overview

Safety Controls is primarily engaged in the engineering, procurement and construction (EPC) business, with a focus on substation installation, solar power plant development and installation of firefighting systems. Based in Lucknow, Uttar Pradesh, the Company operates as an engineering solutions provider executing turnkey projects across multiple sectors. Its capabilities extend to transmission and distribution infrastructure, solar energy projects, EV charging infrastructure and fire protection systems. The Company is also undertaking hospital construction projects for the Ministry of Ayush, reflecting its diversified execution capabilities across infrastructure and public sector projects.

Lots & IPO Size

Safety Controls IPO Lot Size

Lot Information for Safety Controls IPO
Category Lots Shares Amount
Ind (Min) 2 3,200 ₹2,56,000
Ind (Max) 2 3,200 ₹2,56,000
S-HNI (Min) 3 4,800 ₹3,84,000
S-HNI (Max) 7 11,200 ₹8,96,000
B-HNI (Min) 8 12,800 ₹10,24,000
Allocate Funds
Market Maker
3,04,000 EQ. Shares
Employee
₹0.00
Shareholder
₹0.00

Safety Controls IPO Size

Total ₹48 Cr
Fresh Issue
₹48 Cr (0.60 Cr Shares)
Offer For Sale
₹0 (0.00 Shares)

Objects of Issue

  1. Repayment/prepayment, in part or full of certain of the borrowings.
  2. To meet incremental Working Capital requirements
  3. General Corporate Purpose

Safety Controls IPO Live Subscription 3

Updated as on 08 Apr 2026 | 06:59:17 PM

Safety Controls IPO Subscription Status (BSE SME)
Category Sub (x) Offered Bids Amount(Cr)
QIB 1.31x 12,00,000 15,76,000 12.61
NII 2.45x 8,64,000 21,18,400 16.95
bHNI 3.37x 5,76,000 19,42,400 15.54
sHNI 0.61x 2,88,000 1,76,000 1.41
Individual 0.76x 20,48,000 15,61,600 12.49
Total 1.28x 41,12,000 52,56,000 42.05

Safety Controls IPO Details Live GMP

GMP ₹0
Est. Price ₹80
Est. Gain 0.00%

Safety Controls IPO Peer Comparison

(Rs. in crores)

Safety Controls IPO Peer Comparison Table
Particulars Safety Controls Viviana Power Oriana Power
Revenue 102.56 188.37 987.17
PAT 8.99 17.01 158.85
EPS (₹) 6.98 27.68 79.52
RONW 30.14% 39.96% 31.11%
EBITDA 16.84% 13.85% 23.75%
PAT Mrgn 8.77% 9.03% 16.09%

All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 25, 2026. for Peers

Safety Controls IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Safety Controls IPO
Particulars Jan-26 Mar-25 Mar-24 Mar-23
Revenue 67.44 102.56 44.71 47.88
PAT 8.52 8.99 4.01 0.43
Net Worth 54.47 42.17 17.48 12.47
Borrowings 39.18 33.84 29.79 18.52
Assets 164.41 120.28 74.99 66.36
NAV (₹) 39.39 31.70 16.65 13.13
EPS (₹) 6.28 6.98 4.01 0.45

Key Performance Indicators (KPIs)

EBITDA

16.84%

PAT

8.77%

ROE

30.14%

ROCE

37.39%

Debt to Equity

0.80

  • All the data pertains to FY 2024-25.
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Promoter Holding

Promoter

66.53%

Public

33.47%

Rajnish Chopra 66.17%
Others 0.36%

Management

Rajnish Chopra
Chairman & MD
Ashutosh Mishra
CFO

Registrar & Lead Managers

Registrar

Maashitla Securities

Lead Managers (1)

Sobhagya Capital

Company Details

Name: Safety Controls & Devices Limited

Address: C-43/28/1 Nawal Kishore Road Hazratganj, Lucknow-226001, Uttar Pradesh, India

Number: Â +91 05224026070

Email: cs@safetygroup.in

Website: https://www. safetygroup.in

Frequently Asked Questions (FAQs)

What is Safety Controls IPO?
Safety Controls IPO is a SME IPO having an issue size of ₹48 Crs. Safety Controls IPO is priced at ₹75 - ₹80 per share. The issue opens on 06 Apr 26 and closes on 08 Apr 26.
When will Safety Controls IPO open?
Safety Controls IPO opens on 06 Apr 26 and closes on 08 Apr 26.
What is the GMP of Safety Controls IPO?
The estimated Grey Market Premium of Safety Controls IPO is ₹0 per share (0.00%).
What is the lot size of Safety Controls IPO?
The minimum lot size of Safety Controls IPO is 1600 shares & the minimum application amount is Rs. 128000.
When is the allotment of Safety Controls IPO?
The allotment date of Safety Controls IPO is 09 Apr 26.
What is the listing date of Safety Controls IPO?
The listing date of Safety Controls IPO is 13 Apr 26.
What is the subscription of Safety Controls IPO?
Safety Controls IPO is subscribed 1.26 times.
What is the price band of Safety Controls IPO?
Safety Controls IPO is priced at ₹75 - ₹80 per share.
How to check allotment status of Safety Controls IPO?
Click the allotment link on Safety Controls IPO page of IPO360.
How to apply Safety Controls IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Safety Controls IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Safety Controls IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Safety Controls IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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