Safety Controls & Devices IPO
Bookbuilding IPO | ₹48.00 Cr | Listing at BSE SME
IPO Open
Mon, Apr 06, 2026
IPO Close
Wed, Apr 08, 2026
Price Band
₹75.00 to ₹80.00
Market Cap (Pre-IPO)
-
IPO Details
| IPO Date | Apr 06, 2026 to Apr 08, 2026 |
| Listing Date | Tentative: Apr 13, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹75.00 to ₹80.00 |
| Lot Size | 1600 Shares (Minimum: ₹128,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹48.00 Crores |
| Total Shares Offered | 6,000,000 shares |
| Fresh Issue | 5,696,000 shares |
| Offer For Sale | 6,000,000 shares |
Safety Controls & Devices IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Safety Controls & Devices IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹256,000 |
| Retail (Max) | 2 | 3,200 | ₹256,000 |
| S-HNI (Min) | 3 | 4,800 | ₹384,000 |
| S-HNI (Max) | 7 | 11,200 | ₹896,000 |
| B-HNI (Min) | 8 | 12,800 | ₹1,024,000 |
Safety Controls & Devices Financial Information (Restated Consolidated)
Safety Controls & Devices Ltd.'s revenue increased by 126% and profit after tax (PAT) rose by 124% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 120.28 | 74.99 | 66.36 |
| Total Income | 103.50 | 45.70 | 49.26 |
| Profit After Tax | 8.99 | 4.01 | 0.43 |
| EBITDA | 17.27 | 8.27 | 2.63 |
| NET Worth | 42.17 | 17.48 | 12.47 |
| Reserves and Surplus | 28.87 | 6.98 | 2.97 |
| Total Borrowing | 33.84 | 29.79 | 18.52 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 30.14% |
| ROCE (Return on Capital Employed) | 37.39% |
| Debt/Equity | 0.80 |
| RoNW (Return on Net Worth) | 21.32% |
| PAT Margin (Profit After Tax Margin) | 8.77% |
| EBITDA Margin | 16.84% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 66.53% | 46.40% |
Company Promoters
- Rajnish Chopra
- Anjali Chopra and Abhishek Chopra are the promoters of the company.
Company Overview
Safety Controls & Devices – Company Overview
- Incorporated in June 2015, Safety Controls and Devices Limited is an EPC (Engineering, Procurement, and Construction) company focused on power infrastructure, renewable energy, and institutional projects.
Core Segments
- Power Infrastructure: Substations and electrical systems
- Renewable Energy: Solar power plants and EV charging infrastructure
- Industrial & Institutional Projects: Firefighting systems and hospitals (Ministry of Ayush projects)
- The company primarily serves government entities, power utilities, and renewable energy developers, forming a major part of its client base.
- It operates 19 substations and is expanding into utility-scale solar and EV charging solutions, aligning with clean energy trends.
- The company has experience in executing turnkey EPC projects, ensuring end-to-end project delivery.
- It is certified with ISO 9001:2015, reflecting adherence to quality standards.
- As of September 30, 2025, the company had 75 employees.
Company Strengths
- Well-established association with Government entities
- Good relationship with Original Equipment Manufacturers (OEMs) and suppliers.
- Operates with a centralized approach for decisions like raw material procurement, workforce deployment, project scope, and execution.
- Experienced Leadership and an efficient management team.
Use of Proceeds
| 1) | Repayment/prepayment, in part or full of certain of the borrowings | 6.00 |
| 2) | Funding the Working Capital Requirements of the Company | 31.50 |
| 3) | General corporate purposes |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Safety Controls & Devices IPO Peer Comparison
Safety Controls & Devices peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Safety Controls & Devices Ltd. | 7.47 | 7.47 | 32.17 | - | 24.71 | - | Standalone |
| Viviana Power Tech Limited | 27.68 | 27.68 | 97.93 | 59.47 | - | 16.97 | Standalone |
| Oriana Power Limited | 79.52 | 79.52 | 254.75 | 31.68 | - | 9.92 | Standalone |
Quick Info
| Sector | Engineering, Procurement, and Construction (EPC) |
| Exchange | BSE SME |
Important Dates
| IPO Open | Apr 06, 2026 |
| IPO Close | Apr 08, 2026 |
| Allotment Date | Apr 09, 2026 |
| Credit to Demat | Apr 10, 2026 |
| Listing Date | Tentative: Apr 13, 2026 |
Lead Manager(s)
Sobhagya Capital Options Pvt.Ltd.
Registrar
Maashitla Securities Pvt.Ltd.
+91-11-45121795-96
Description
- IPO Type: Book build issue aggregating to ₹48.00 crores.
- Issue Structure: Entirely a fresh issue of 0.60 crore shares totaling ₹48.00 crores.
- IPO Dates: The issue opens on April 6, 2026 and closes on April 8, 2026.
- Allotment Date: Expected to be finalized on April 9, 2026.
- Listing Details: Shares are proposed to be listed on the SME platform of BSE Limited (BSE SME) with a tentative listing date of April 13, 2026.
- Retail Investment Requirement: Minimum 2 lots (3,200 shares) amounting to approximately ₹2,56,000 (at upper price band).
- HNI Investment Requirement: Minimum 3 lots (4,800 shares) totaling around ₹3,84,000.
- IPO Price Band: ₹75 to ₹80 per equity share.
- Lot Size: 1,600 shares per lot.
This IPO offers investors an opportunity to invest in the industrial safety and control solutions sector, subject to market risks.