Safety Controls & Devices
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05Safety Controls & Devices IPO Market Lot
- 06 Safety Controls IPO Details
- 07 Safety Controls IPO Reservation
- 08 Safety Controls IPO Anchor Investors
- 09 Safety Controls IPO Dates
- 10 Safety Controls IPO Promoters & Holding Pattern
- 11 Safety Controls IPO – Objects of the Issue
- 12 About Safety Controls IPO
- 13 Safety Controls IPO Company Financial Report
- 14 Safety Controls IPO Valuation – FY2025
- 15 Safety Controls IPO Peer Group Comparison
- 16 IPO Lead Managers aka Merchant Bankers
IPO DESCRIPTION
Safety Controls & Devices IPO is expected to attract investor attention as the company operates in the industrial safety and control equipment segment. The company focuses on manufacturing and supplying safety devices, control panels, and automation solutions used across industries such as manufacturing, power, and infrastructure. With growing demand for workplace safety and regulatory compliance, the company is positioned to benefit from increasing industrial investments. The IPO aims to raise funds for business expansion, working capital requirements, and strengthening its market presence. Investors may consider this IPO as a niche industrial play with exposure to the growing safety equipment and automation sector.
IPO PARAMETERS
IPO ROADMAP
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily Change | Gain (%) |
|---|---|---|---|
| 03 Apr 2026 | ₹0.00 | - | 0.00% |
Safety Controls & Devices IPO MARKET LOT
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3,200 | ₹256,000 |
| Retail Maximum | 2 | 3,200 | ₹256,000 |
| S-HNI Minimum | 3 | 4,800 | ₹384,000 |
| S-HNI Maximum | 7 | 11,200 | ₹896,000 |
| B-HNI Minimum | 8 | 12,800 | ₹1,024,000 |
Safety Controls IPO DETAILS
| IPO Open Date | April 6, 2026 |
|---|---|
| IPO Close Date | April 8, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹75 to ₹80 Per Share |
| Issue Size | Approx ₹48 Crores |
| Fresh Issue | Approx ₹48 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
Safety Controls IPO RESERVATION
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | — Shares | —% |
| QIB (Ex. Anchor) | — Shares | 50% |
| NII | — Shares | 15% |
| Retail | — Shares | 35% |
Safety Controls IPO Anchor INVESTORS
| Anchor Bidding Date | 2026 |
|---|---|
| Shares Offered | — Shares |
| Anchor Size | ₹ — Cr. |
| Lock-in Period (50% Shares - 30 Days) | 2026 |
| Lock-in Period (50% Shares - 90 Days) | 2026 |
Safety Controls IPO DATES
| IPO Open Date | April 6, 2026 |
|---|---|
| IPO Close Date | April 8, 2026 |
| Basis of Allotment | April 9, 2026 |
| Refunds | April 10, 2026 |
| Credit to Demat Account | April 10, 2026 |
| IPO Listing Date | April 13, 2026 |
| Bidding Cut-off Time | April 8, 2026 – 5 PM |
Safety Controls IPO Promoters & Holding PATTERN
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,38,26,999 | 66.53% |
| Promoter Holding Post Issue | 1,98,26,999 | 46.40% |
| Promoters |
|---|
| Rajnish Chopra, Anjali Chopra and Abhishek Chopra |
Safety Controls IPO – Objects of the ISSUE
| Purpose | Amount (₹ Cr.) |
|---|---|
| Repayment / Prepayment of Borrowings | 6.00 |
| Working Capital Requirements | 31.50 |
| General Corporate Purpose | — |
About Safety Controls IPO
Safety Controls and Devices Limited, founded in 2015, offers complete engineering project services. The firm offers complete EPC services for substations, solar plants, firefighting equipment, and hospitals for the Ministry of Ayush.
From design, supply, installation, testing, to setup, the firm gets involved in every step of transmission substations. Based in Lucknow, Uttar Pradesh, the company mainly works with government organizations.
Most of the firm’s customers are government and private entities, such as State and central government power utilities, Private power entities, and Renewable energy developers. Currently, Safety Controls runs 19 substations and is planning to expand its business into large solar projects and EV charging stations. Moreover, the firm has experience of over 30 years and has completed various turnkey projects.
Safety Controls IPO Company Financial REPORT
| Period Ended | Revenue (₹ Cr.) | Expense (₹ Cr.) | PAT (₹ Cr.) | Assets (₹ Cr.) |
|---|---|---|---|---|
| 2023 | 49.26 | 48.67 | 0.43 | 66.36 |
| 2024 | 45.70 | 40.31 | 4.01 | 74.99 |
| 2025 | 103.50 | 91.61 | 8.99 | 120.28 |
Safety Controls IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | 30.14% |
| ROCE | 37.39% |
| EBITDA Margin | 16.84% |
| PAT Margin | 8.77% |
| Debt to Equity | 0.80 |
| EPS (Basic) | ₹6.98 |
| P/E Ratio | N/A |
| RoNW | 21.32% |
| NAV | ₹31.70 |
Safety Controls IPO Peer Group COMPARISON
| Company | EPS | P/E Ratio | RoNW % | NAV | Income (₹ Cr.) |
|---|---|---|---|---|---|
| Viviana Power Tech Limited | 27.68 | 59.47 | 39.96% | 97.93 | — |
| Oriana Power Limited | 79.52 | 31.68 | 31.11% | 254.75 | — |
IPO Lead Managers aka Merchant BANKERS
- Sobhagya Capital Options Pvt. Ltd.