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Safety Controls & Devices Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on November 13, 2024 to raise funds through Initial Public Offer (IPO).
Safety Controls & Devices Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the NSE SME. Sobhagya Capital Options Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Safety Controls IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Reserved for Market Maker | 2,38,000 shares (aggregating up to ₹[.] Cr) |
| Net Offered to Public | 47,55,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,33,03,999 shares |
| Share Holding Post Issue | 1,80,58,999 shares |
| 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 |
| Description | Date |
|---|---|
| Offer document returned | |
| Filed with SEBI/Exchange | Thu, Oct 31, 2024 |
| Offer document withdrawn | Fri, Nov 8, 2024 |
| Filed with SEBI/Exchange | Tue, Nov 12, 2024 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in June 2015, Safety Controls and Devices Limited specialises in EPC (Engineering, Procurement, and Construction), focusing on substations, solar plants, firefighting equipment, and hospitals for the Ministry of Ayush. Based in Lucknow, Uttar Pradesh, we operate as an engineering enterprise.
The company primarily caters to government entities and undertakings, constituting a significant portion of its customer base.
This includes various state and central government power utilities, private power entities, and renewable energy developers.
The company operates 19 substations and is expanding into utility-scale solar and electric vehicle charging stations.
The company has completed turnkey projects for 30 years.
The company is AOC Middle East LLC certified: ISO 9001:2015.
As of November 2024, the company had 37 Permanent employees and 27 contractual employees in various departments.
Competitive Strength
| Period Ended | 30 Jun 2024 | 01 Apr 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 145.05 | 76.52 | 65.4 | 47.7 |
| Total Income | 61.57 | 45.71 | 49.26 | 48.27 |
| Profit After Tax | 4.5 | 4.77 | 1.77 | 1.19 |
| Net Worth | 42.38 | 22.17 | 16.41 | 14.63 |
| Reserves and Surplus | 29.07 | 11.67 | 6.91 | 5.13 |
| Total Borrowing | 29.58 | 29.79 | 18.52 | 14.69 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 24.71% |
| ROCE | 29.15% |
| Debt/Equity | 1.34 |
| RoNW | 24.71% |
| PAT Margin | 10.66% |
The Company Safety Controls and Devices IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Funding the capital expenditure requirements of the company by purchase of Equipment and Machinery | 45.74 |
| 2 | Repayment/prepayment, in part or full of certain of the borrowings | 118.95 |
| 3 | Funding the Working Capital Requirements of the Company | 320 |
| 4 | General corporate purposes |
Safety Controls & Devices Ltd.
C-43/28/1,
Nawal Kishore Road
Hazratganj,
Lucknow, Uttar Pradesh, 226001
Phone: +91 05224026070
Email: cs@safetygroup.in
Website: https://www.safetygroup.in/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Safety Controls IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Safety Controls IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Safety Controls IPO using UPI as a payment gateway. Zerodha customers can apply in Safety Controls IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Safety Controls IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Safety Controls IPO dates are not announced. Please check back again after some time.
Safety Controls IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Safety Controls IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Safety Controls IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Safety Controls IPO allotment status.
The Safety Controls IPO listing date is not yet announced. The tentative date of Safety Controls IPO listing is [.].
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