Safety Controls & Devices Limited
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Safety Controls & Devices Limited's successfully completed its Initial Public Offering and commenced trading on Apr 13, 2026 at the BSE exchange. The company raised 60,00,000 Shares through this public offering, comprising 60,00,000 Shares in fresh capital.
The IPO was priced within the band of ₹75 to ₹80, with minimum application lots of 1600 shares. The offering attracted significant investor interest during its subscription period from Apr 06, 2026 to Apr 08, 2026.
Share allotment was finalized on Apr 09, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in June 2015, Safety Controls and Devices Limited is engaged in providing EPC (Engineering, Procurement and Construction) services with a focus on substations, solar power plants, firefighting systems, and hospital projects for the Ministry of Ayush. Headquartered in Lucknow, Uttar Pradesh, the company primarily serves government bodies, power utilities, and renewable energy developers, and has executed multiple turnkey projects while currently operating 19 substations. Its operations span the entire project lifecycle—from engineering and procurement to construction and execution—ensuring end-to-end project delivery. The company is ISO 9001:2015 certified and follows a centralized approach for procurement, workforce management, and execution. As of September 30, 2025, it had 75 permanent employees, and it plans to utilize IPO proceeds for debt repayment, working capital requirements, and general corporate purposes.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Government Relationships: Long-standing associations with central and state government bodies ensure consistent project flow and strong business visibility.
- Established OEM & Supplier Network: Strong ties with equipment manufacturers and suppliers enable efficient procurement and smooth project execution.
- Centralized Operations: Centralized decision-making enhances cost control, resource allocation, and timely project execution.
- Dependence on Power Sector & EPC Projects: A large share of revenue is tied to the power sector, exposing the company to sector-specific risks and execution challenges.
- Reliance on Government Contracts: Heavy dependence on government tenders makes the business vulnerable to policy changes and regulatory shifts.
- Business Positioning Risk: Diversification across multiple sectors beyond its core safety focus may create brand ambiguity and impact market positioning.
- Rajnish Chopra
- Anjali Chopra
- Abhishek Chopra
Safety Controls & Devices Limited
Maashitla Securities Private Limited