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Safety Controls IPO
Price Band
₹75.0–80.0
Issue Size
₹48.0 Cr
Lot Size
1,600 shares
Min Investment
₹256,000
2 LOTS MIN
GMP
—
Issue Price
₹80.0
Safety Controls IPO AI Summary
- Safety Controls IPO is listed on BSE SME in the Civil Construction sector.
- Price band: ₹75.0–₹80.0 per share, lot size 1,600 shares (min. investment ₹256,000, 2 lots minimum).
- Subscription window: 06 Apr–08 Apr 2026, listing on 13 Apr 2026.
Safety Controls and Devices Limited is an engineering company focused on EPC services for government projects. With a strong customer base and a history of project completion, the company is looking to raise funds through its IPO to support its operations and growth.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Safety Controls IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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 September 30, 2025, the company had 75 Permanent employees. 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 Financials (₹ Cr)
As of 2026-01-31
| 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 |
Key Ratios
EPS
₹6.50
NAV
₹31.70
ROE
30.14%
ROCE
37.39%
RoNW
21.32%
P/B Value
2.52
P/E Ratio
12.3
Market Cap
₹158.62 Cr
PAT Margin
8.77%
Debt/Equity
0.80
Promoters
Rajnish Chopra, Anjali Chopra and Abhishek Chopra
Objects of the Issue
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 4.74 4 Issue Expenses 5.76 Total 48.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹49.26 Cr in the period ending 31 Mar 2023, increasing to ₹45.70 Cr by 31 Mar 2024, then rising further to ₹103.50 Cr by 31 Mar 2025, before dropping to ₹68.51 Cr in the most recent period ending 31 Jan 2026. Though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.43 Cr in the period ending 31 Mar 2023, increasing to ₹4.01 Cr by 31 Mar 2024, then rising to ₹8.99 Cr by 31 Mar 2025, and finally reaching ₹8.52 Cr in the most recent period ending 31 Jan 2026. Though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The grey market refers to the unofficial market where shares of an IPO are traded before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of the shares and can provide insights into investor sentiment, but it is not a guaranteed predictor of actual listing performance.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions before making any decisions.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid this IPO, as it operates in a sector that can be subject to fluctuations based on government contracts and project timelines.
IPO Timeline, Explained
The IPO opens for subscription on April 6, 2026, and closes on April 8, 2026. Allotment of shares will be done on April 9, 2026, and the shares are expected to be listed on the stock exchange on April 13, 2026.
Listing Gains — The Risk
Listing gains refer to the profit made when shares are sold on the listing day at a price higher than the issue price. However, there is a risk that the stock may not perform well on the listing day due to market conditions, investor sentiment, or other factors, leading to potential losses instead of gains.
This evaluation is generated from Safety Controls's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Safety Controls IPO?
The price band of Safety Controls IPO is ₹75.0–₹80.0 per share.
When does Safety Controls IPO open and close?
Safety Controls IPO opens on 06 April 2026 and closes on 08 April 2026.
When does Safety Controls IPO list on the stock exchange?
Safety Controls IPO listed on 13 April 2026 at ₹80.0.
What is the lot size for Safety Controls IPO?
The lot size for Safety Controls IPO is 1600 shares, requiring a minimum investment of ₹256,000 (2 lots).
What is the price band for the Safety Controls IPO?
The price band for the Safety Controls IPO is ₹75.0 to ₹80.0.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹256,000.
What is the lot size for the Safety Controls IPO?
The lot size for the Safety Controls IPO is 1,600 shares.
When is the listing date for the Safety Controls IPO?
The listing date for the Safety Controls IPO is April 13, 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares in the grey market before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
06 Apr 2026
Close
08 Apr 2026
Allotment
09 Apr 2026
Listing
13 Apr 2026
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