SME
IPO ·
BSE SME
Safety Controls & Devices Ltd
Listed
Incorporated in June 2015, Safety Controls and Devices Limited specialises in EPC (Engineering, Procurement, and Construction), focusing on substations, solar plants, firefighting equipment, and hospitals for the Ministry of Ayush
Issue details
Price band
₹75 – ₹80
Face value
₹10
Lot size
1,600 shares
Minimum investment
₹2,56,000
Issue size
₹48.00 Cr
Fresh issue
₹45.57 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
6 Apr 2026
Closes
8 Apr 2026
UPI mandate cut-off
5:00 PM on 8 Apr 2026
Allotment
9 Apr 2026
Refunds
10 Apr 2026
Shares in demat
10 Apr 2026
Listing
13 Apr 2026
Subscription and listing
Subscription
1.27x
Listing price
₹83
Registrar
Maashitla Securities Pvt Ltd
Lead manager
Sobhagya Capital Options
Subscription by category
Total
1.27x
Total applications
622
Anchor investors
Amount raised
₹12.67 Cr
Bid date
2 Apr 2026
50% lock-in ends
8 May 2026
Rest lock-in ends
8 Jul 2026
Listing day
Issue price
₹80
Open
₹83.00
High
₹84.40
Low
₹78.85
Day close
₹78.99
Listing gain at open
+3.75%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
27,84,000
46.40%
Anchor Investor Shares Offered
15,84,000
26.40%
QIB (Ex. Anchor) Shares Offered
12,00,000
20.00%
NII Shares Offered
8,64,000
14.40%
bNII > ₹10L
5,76,000
9.60%
sNII < ₹10L
2,88,000
4.80%
Retail Shares Offered
20,48,000
34.13%
Market Maker Shares Offered
3,04,000
5.07%
Total Shares Offered
60,00,000
100.00%
Finaccle’s quick read
Apply
FY25 income up 126%, PAT up 124%, ROE 21.17%, D/E 0.72, post-issue P/E 15.51x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in June 2015, Safety Controls and Devices Limited specialises in EPC (Engineering, Procurement, and Construction), focusing on substations, solar plants, firefighting equipment, and hospitals for the Ministry of Ayush. Based in Lucknow, Uttar Pradesh, we operate as an engineering enterprise. The company primarily caters to government entities and undertakings, constituting a significant portion of its customer base. This includes various state and central government power utilities, private power entities, and renewable energy developers.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
21.17%
ROCE
33.73%
Debt / equity
0.72
PAT margin
12.64%
P/E post issue
15.51
Market cap
₹158.62 Cr
Use of IPO money
Repayment/prepayment, in part or full of certain of the borrowings
₹6.00 Cr
Funding the working capital requirements of the Company
₹31.50 Cr
General Corporate Purposes
₹4.74 Cr
Issue Expenses
₹5.76 Cr
Strengths
✓
Technical Expertise Good relationship with Original Equipment Manufacturers (OEMs) and suppliers
✓
Revenue up 126% in FY25 to ₹103.50 Cr
✓
PAT up 124% in FY25 to ₹8.99 Cr
✓
PAT margin of 12.64%
✓
ROE of 21.17% and ROCE of 33.73%
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.