Safety Controls & Devices
CLOSEDIPO Date: 6 Apr - 8 Apr 2026
Listing Date: 13 Apr 2026
Price Range
Rs.75 - Rs.80
Issue Size
48 Cr
Min Investment
₹1,20,000
Lot Size
1600 Shares
Schedule of Safety Controls & Devices
Issue open date
6 Apr 2026
Issue close date
8 Apr 2026
UPI mandate deadline
8 Apr 2026 (5 PM)
Allotment finalization
9 Apr 2026
Share credit
10 Apr 2026
Listing date
13 Apr 2026
Mandate end date
23 Apr 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 48 Cr |
| Fresh Issue | 48 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 9 Apr 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 12 Apr 2026 | ₹80 | ₹0 | ₹80 (0%) |
| 11 Apr 2026 | ₹80 | ₹0 | ₹80 (0%) |
| 10 Apr 2026 | ₹80 | ₹0 | ₹80 (0%) |
| 7 Apr 2026 | ₹80 | ₹0 | ₹80 (0%) |
| 5 Apr 2026 | ₹80 | ₹0 | ₹80 (0%) |
| 4 Apr 2026 | ₹80 | ₹0 | ₹80 (0%) |
| 3 Apr 2026 | ₹80 | ₹0 | ₹80 (0%) |
| 2 Apr 2026 | ₹80 | ₹0 | ₹80 (0%) |
| 1 Apr 2026 | ₹80 | ₹0 | ₹80 (0%) |
| 31 Mar 2026 | ₹80 | ₹0 | ₹80 (0%) |
| 30 Mar 2026 | ₹80 | ₹0 | ₹80 (0%) |
| 29 Mar 2026 | ₹80 | ₹0 | ₹80 (0%) |
| 28 Mar 2026 | ₹80 | ₹0 | ₹80 (0%) |
Performance Safety Controls & Devices
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.75 - Rs.80 | ₹ 143 (3.75%) | ₹ 78.99 | -1.26% |
About Safety Controls & Devices
Safety Controls & Devices Limited is Lucknow-based and operates in the engineering, procurement, and construction (EPC) segment, with activities spanning power infrastructure, renewable energy, fire protection systems, and civil construction. The company is primarily engaged in the design, engineering, supply, installation, testing, and commissioning of transmission substations, as well as the construction of solar power plants, firefighting systems, and hospital infrastructure projects. Its operations are largely focused on turnkey project execution across sectors such as transmission and distribution, solar energy, and public infrastructure. Initially focused on fire protection systems, the company has diversified over time into high-voltage substation projects, including the construction of substations up to 400 kV. It has completed multiple substation projects for government and private sector clients. The company primarily serves government entities, public utilities, and infrastructure-focused organisations.
| Founded in | 1997 |
| Managing director | Mr. Rajnish Chopra |
| Parent organization |
Financial Overview
Strengths
- Experienced EPC contractor with capabilities in transmission substations and firefighting systems.
- Diversified business across power infrastructure, fire protection, renewable energy, and healthcare projects.
- Track record of executing turnkey projects, including substations up to high voltage levels.
- Established relationships with government and public sector clients through tender-based projects.
- Technical expertise enabling participation in large-value infrastructure contracts.
Risks
- Significant dependence on government contracts and tender-based project awards.
- Revenue concentration in EPC projects exposes the business to project execution risks.
- Exposure to delays in project execution may impact revenues and profitability.
- Working-capital-intensive operations require continuous funding.
- Business depends on the timely receipt of payments from clients, including public sector entities.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1.31 |
| Non-Institutional Investors (NIIs) | 2.05 |
| Retail Individual Investors (RIIs) | 0.71 |
| Employee | N/A |
| Total | 1.23 |