Safety Controls & Devices IPO, first SME issue of FY27, opens on April 6: Check price band, lot size and key dates

Safety Controls & Devices IPO: The initial public offering of EPC company Safety Controls & Devices will open for subscription on Monday, April 6, making it the first SME issue of the financial year 2026-27 (FY27). The IPO will conclude on April 8.

The ₹48 crore initial share sale is exclusively a fresh issuance of 60,00,00 crore shares, with no offer for sale (OFS) component.

The fresh issue proceeds will be used for repayment of certain outstanding borrowings, funding working capital requirements and general corporate purposes.

"Our Company expects to receive the benefits of listing of equity shares on the BSE SME platform, including enhancing our visibility and our brand image among our existing and potential customers and creating a public market for our equity shares in India," the company said in its red herring prospectus (RHP).

Safety Controls & Devices IPO: Price band and lot size

Safety Controls & Devices has fixed a price band of ₹75 to ₹80 per share. A lot consists of 1,600 shares. Individual investors can apply for a minimum of two lots or 3,200 shares.

Safety Controls & Devices IPO key dates

Safety Controls & Devices provides engineering, procurement and construction (EPC) services, focusing on the installation of substations, installation of firefighting equipment and construction of solar plants. Currently, the company is also undertaking some construction projects of hospitals for the Ministry of Ayush. The Lucknow-based firm carries out operations as an engineering enterprise. It has experience in executing turnkey projects across multiple sectors like solar energy, EV charging infrastructure, transmission and distribution, fire protection systems and hospital construction.