Bookbuilding IPO | ₹48 Cr | Listing at BSE SME | Mon, Apr 6, 2026 - Wed, Apr 8, 2026 CT
Safety Controls IPO is a book build issue of ₹48.00 crores. The issue is entirely a fresh issue of 0.60 crore shares of ₹48.00 crore.
Safety Controls IPO bidding opened for subscription on Apr 6, 2026 and will close on Apr 8, 2026. The allotment for the Safety Controls IPO is expected to be finalized on Apr 9, 2026. Safety Controls IPO will list on the BSE SME with a tentative listing date fixed as Apr 13, 2026.
Safety Controls IPO is set issue price band at ₹75 to ₹80 per share. The lot size for an application is 1,600 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,56,000 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹3,84,000.
Sobhagya Capital Options Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is NNM Securities Pvt.Ltd..
Refer to Safety Controls IPO RHP for detailed Information.
IPO Open
Mon, Apr 6, 2026
IPO Close
Wed, Apr 8, 2026
Price Band
₹75 to ₹80
Market Cap (Pre-IPO)
₹158.62 Cr
Submit your IPO application online through your preferred broker — fast, secure, and reliable.
| IPO Date | 6 to 8 Apr, 2026 |
| Listing Date | Mon, Apr 13, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹80 |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 60,00,000 shares (agg. up to ₹48 Cr) |
| Reserved for Market Maker | 3,04,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 56,96,000 shares (agg. up to ₹46 Cr) |
| Net Offered to Public | 56,96,000 shares (agg. up to ₹46 Cr) |
| Share Holding Pre Issue | 1,38,26,999 shares |
| Share Holding Post Issue | 1,98,26,999 shares |
Safety Controls IPO comprises a total issue size of 60,00,000 shares. The net offer to the public is 56,96,000 shares, after excluding 3,04,000 shares allotted on a firm basis. Of the Net offer 27,84,000 (48.88%) are allocated to QIB, 8,64,000 (15.17%) allocated to NII 20,48,000 (35.96%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 27,84,000 | 48.88% | 46.40% |
| − Anchor Investor Shares Offered | 15,84,000 | 26.40% | |
| − QIB (Ex. Anchor) Shares Offered | 12,00,000 | 20.00% | |
| NII (HNI) Shares Offered | 8,64,000 | 15.17% | 14.40% |
| − bNII > ₹10L | 5,76,000 | 9.60% | |
| − sNII < ₹10L | 2,88,000 | 4.80% | |
| Retail Shares Offered | 20,48,000 | 35.96% | 34.13% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,04,000 | 5.07% | |
| Total Shares Offered | 60,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,56,000 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,56,000 |
| S-HNI (Min) | 3 | 4,800 | ₹3,84,000 |
| S-HNI (Max) | 7 | 11,200 | ₹8,96,000 |
| B-HNI (Min) | 8 | 12,800 | ₹10,24,000 |
Safety Controls IPO raises ₹12.67 crore from anchor investors. Safety Controls IPO Anchor bid date is April 2, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Apr 2, 2026 |
| Shares Offered | 15,84,000 |
| Anchor Portion (₹ Cr.) | 12.67 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, May 9, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Jul 8, 2026 |
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.
Competitive Strengths
| Period Ended | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 164.41 | 120.28 | 74.99 | 66.36 |
| Total Income | 68.51 | 103.50 | 45.70 | 49.26 |
| Profit After Tax | 8.52 | 8.99 | 4.01 | 0.43 |
| EBITDA | 16.21 | 17.27 | 8.27 | 2.63 |
| NET Worth | 54.47 | 42.17 | 17.48 | 12.47 |
| Reserves and Surplus | 40.64 | 28.87 | 6.98 | 2.97 |
| Total Borrowing | 39.18 | 33.84 | 29.79 | 18.52 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment, in part or full of certain of the borrowings | 6.00 |
| 2 | Funding the Working Capital Requirements of the Company | 31.50 |
| 3 | General corporate purposes |
| KPI | Jan 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 21.17% | 30.14% |
| ROCE | 33.73% | 37.39% |
| Debt/Equity | 0.72 | 0.80 |
| RoNW | 15.65% | 21.32% |
| PAT Margin | 12.64% | 8.77% |
| EBITDA Margin | 24.04% | 16.84% |
| Price to Book Value | 2.03 | 2.52 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.50 | 5.16 |
| P/E (x) | 12.3 | 15.51 |
| Promoter Holding | 66.53% | 46.40% |
| Market Cap | ₹158.62 Cr. |
Lead Manager Reports
Safety Controls IPO is a SME IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹48 Crores. The issue is priced at ₹75 to ₹80. The minimum order quantity is 1600.
The IPO opens on Mon, Apr 6, 2026, and closes on Wed, Apr 8, 2026.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE 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 opens on Mon, Apr 6, 2026 and closes on Wed, Apr 8, 2026.
Safety Controls IPO lot size is 1600, and the minimum amount required for application is ₹2,56,000, with 2 lots being the minimum application size.
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 Thursday, April 9, 2026, and the allotted shares will be credited to your demat account by Fri, Apr 10, 2026. Check the Safety Controls IPO allotment status.
The Safety Controls IPO listing date is not yet announced. The tentative date of listing is Mon, Apr 13, 2026.
