Safety Controls & Devices Limited is an EPC (Engineering, Procurement, and Construction) focused engineering company headquartered in Lucknow, Uttar Pradesh. The company specialises in delivering turnkey infrastructure solutions across power, renewable energy, safety systems, and healthcare segments.
The company delivers end-to-end EPC solutions, covering engineering, procurement, and construction (including installation and commissioning).
It focuses on key segments such as electrical substations, solar power plants, firefighting systems, and hospital infrastructure for the Ministry of AYUSH.
The company primarily serves government entities and undertakings, including state and central power utilities, along with renewable energy developers and private power companies.
Operates 19 substations and is expanding into utility-scale solar and EV charging infrastructure.
With a track record of over three decades in executing turnkey projects, the company has developed strong capabilities in handling complex infrastructure assignments efficiently.
The company is ISO 9001:2015 certified (AOC Middle East LLC), ensuring quality standards, and has 75 permanent employees as of September 30, 2025.
Safety Controls & Devices IPO – Details
| IPO Opening Date | 06 April 2026 |
| IPO Closing Date | 08 April 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 60,00,000 Shares Worth ₹48.00 Crore Fresh Issue: 60,00,000 Shares Worth ₹48.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹75 – ₹80 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Maashitla Securities Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Safety Controls & Devices IPO – Date Schedule
| IPO Open Date | 06 April 2026 |
| IPO Close Date | 08 April 2026 |
| Basis of Allotment | 09 April 2026 |
| Initiation of Refund | 10 April 2026 |
| Credit of Shares to Demat | 10 April 2026 |
| IPO Listing Date | 13 April 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 08, 2026 |
Safety Controls & Devices IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3200 | ₹2,56,000 |
| Retail (Max) | 2 | 3200 | ₹2,56,000 |
| S-HNI (Min) | 3 | 4800 | ₹3,84,000 |
| S-HNI (Max) | 7 | 11,200 | ₹8,96,000 |
| B-HNI (Min) | 8 | 12,800 | ₹10,24,000 |
Competitive Strength
- Well-established association with Government entities.
- Good relationship with Original Equipment Manufacturers (OEMs) and suppliers.
- Operates with a centralized approach for decisions like raw material procurement, workforce deployment, project scope, and execution.
- Experienced Leadership and an efficient management team.
Company Promoters
- Rajnish Chopra
- Anjali Chopra
- Abhishek Chopra
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹49.26 Cr | ₹48.67 Cr | ₹0.43 Cr | ₹18.52 Cr |
| 31 March 2024 | ₹45.70 Cr | ₹40.31 Cr | ₹4.01 Cr | ₹29.79 Cr |
| 31 March 2025 | ₹103.50 Cr | ₹91.61 Cr | ₹8.99 Cr | ₹33.84 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2025) |
|---|---|
| ROE | 30.14% |
| ROCE | 37.39% |
| Debt/Equity | 0.80 |
| RoNW | 21.32% |
| PAT Margin | 8.77% |
| EBITDA Margin | 16.84% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Repayment/prepayment, in part or in full, of certain of the borrowings. | ₹6.00 |
| Funding the Working Capital Requirements of the Company. | ₹31.50 |
| General corporate purposes. | – |
✅Strengths
- Strong government client base.
- Diversified EPC portfolio (power, solar, safety, hospitals).
- End-to-end execution capability.
- Proven track record in turnkey projects.
- Exposure to high-growth sectors (solar, EV).
⚠️Risks
- High dependence on government projects.
- Revenue volatility (project-based business).
- Execution & delay risks.
- Working capital-intensive operations.
- High competition in EPC sector.
Safety Controls & Devices IPO Promoter Holding
| Pre-Issue Share Holding | 66.53% |
| Post Issue Share Holding | 46.40% |
Safety Controls & Devices IPO Prospectus
- Safety Controls & Devices IPO DRHP
- Safety Controls & Devices IPO RHP
Company Contact Information
| 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/ |
Safety Controls & Devices IPO Registrar
| Maashitla Securities Pvt. Ltd. Phone: +91-11-45121795-96 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Safety Controls & Devices IPO Lead Manager(s)
| 1. Sobhagya Capital Options Pvt. Ltd. |
Safety Controls & Devices IPO FAQ
| What is the Safety Controls & Devices IPO? Safety Controls & Devices IPO is an SME IPO. The issue is priced at ₹75 – ₹80 per equity share. The IPO is to be listed on BSE SME. |
| When will Safety Controls & Devices IPO open? The IPO is to open on 06 April 2026 for QIB, NII, and Retail Investors. |
| What is Safety Controls & Devices IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Safety Controls & Devices IPO Size? Safety Controls & Devices IPO size is ₹48.00 Crore. |
| What are the Safety Controls & Devices IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 3200 Shares for ₹2,56,000, while the maximum bid is 3200 Shares for ₹2,56,000. |
| What is the Safety Controls & Devices IPO Allotment Date? Safety Controls & Devices IPO allotment date is 09 April 2026. |
| What is the Safety Controls & Devices IPO Listing Date? Safety Controls & Devices IPO listing date is 13 April 2026. The IPO is to be listed on the BSE SME. |
