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Safety Controls & Devices IPO
1.35xsubscribed

Safety Controls & Devices IPO

Engineering - Construction
listed
₹2.40LMin. investment

Safety Controls & Devices Limited IPO Details

SectorEngineering - Construction
Price range₹75.00 – ₹80.00
IPO type
SME
Lot size1600 shares
Issue size₹48Cr
Red Herring Prospectus
Read
Market cap
₹158.62CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹102.56CrLower than sector avg
Growth rate3Y CAGR
46.36%Higher than sector avg

Safety Controls & Devices IPO Subscription Status

Date
QIB
NII
Retail
Total
06-Apr-26
0.21 times (X)
0.18 times (X)
0.46 times (X)
0.33 times (X)
07-Apr-26
0.31X
2.6X
0.53X
0.9X
08-Apr-26
1.31X
2.8X
0.76X
1.35X

As on 06-Apr-26, 5:30 PM

Safety Controls & Devices IPO Timeline

  1. Pre-apply
    2 Apr 2026
  2. Bid start
    6 Apr 2026
  3. Bid end
    8 Apr 2026
  4. Allotment
    9 Apr 2026
  5. Release of funds
    10 Apr 2026
  6. Demat transfer
    10 Apr 2026
  7. Listing
    13 Apr 2026

About Safety Controls & Devices Limited

Safety controls & devices is an EPC (Engineering, Procurement, and Construction) player based in Lucknow, Uttar Pradesh. It works across areas like building power substations, setting up solar plants, installing firefighting systems, and constructing hospitals for the Ministry of Ayush. Initially, the company started as a fire safety equipment and alarm systems provider, but over time it expanded into the power infrastructure space.
The company has successfully completed 19 substation projects so far for both government and private clients. It also has the capability to handle large and complex projects, including substations of up to 400kV AIS level, which puts it among the more capable players in this segment.
In terms of geography, the business is heavily dependent on Uttar Pradesh, which contributed about 98.7% of revenue in FY25, with Bihar making up the small balance. For the period ended January 2026, the entire revenue came from Uttar Pradesh alone. Substations are clearly the main driver, contributing about 91% of revenue in the latest period. The remaining comes from power projects at ~5%, Ayush-related projects at ~3%, and fire protection at ~1%.
The company currently has an order book of around ₹139 crore, largely made up of two key projects. One is a ₹83.5 crore order from TUSCO for a 220kV substation linked to a solar park project in Chitrakoot, Uttar Pradesh. The other is a ₹55.6 crore order from Rail Vikas Nigam Limited for setting up traction substations in the Lucknow railway division.

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Objectives of Safety Controls And Devices Limited IPO

Working capital
65.63%
The company will utilise ₹31.50 crore for funding the working capital of the business.
General corporate purposes
21.87%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
Repayment of borrowings
12.50%
The company will utilise ₹6 crore for repayment of borrowings

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹102.56Cr46.36%₹8.99Cr₹158.62Cr11.460.80
This sector (avg.)₹2,186.73Cr0.03%₹107.3Cr₹5,580.04Cr39.871.33
₹2,55,547.01Cr---₹17,687.39Cr₹5,40,931.7Cr33.291.36
₹19,923.02Cr---₹1,281.52Cr₹71,599.59Cr63.030.57
₹7,062Cr---₹6,480.68Cr₹25,092.05Cr3.811.04

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Safety Controls & Devices IPO Contact Details

Company NameSafety Controls & Devices Limited

How to apply for Safety Controls & Devices IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Safety Controls And Devices Limited IPO FAQs