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Safety Controls & Devices IPO Details

Bookbuilding IPO | ₹48 Cr | Listing at BSE SME | Mon, Apr 6, 2026 - Wed, Apr 8, 2026

IPO Stats
IPO Timetable
GMP
FAQ

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 opens for subscription on Apr 6, 2026 and closes 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.

Refer to Safety Controls IPO DRHP for detailed Information.

IPO Open

Mon, Apr 6, 2026

IPO Close

Wed, Apr 8, 2026

Price Band

₹75 to ₹80

Market Cap (Pre-IPO)

To be declared

IPO Details

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 (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

IPO Timetable (Tentative)

IPO Open

Mon, Apr 6, 2026
Allotment

Thu, Apr 9, 2026
Credit of Shares

Fri, Apr 10, 2026

IPO Close

Wed, Apr 8, 2026
Refund

Fri, Apr 10, 2026
Listing

Mon, Apr 13, 2026

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

IPO Lot Size

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

IPO Subscription Details

Safety Controls SME IPO Day-wise GMP Trend

GMP Date

IPO Price

GMP

Subscription

Sub2 Sauda Rate

Estimated Listing Price

Estimated Profit*

Last Updated

* Estimated Profit/Loss per lot. GMP * MARKET LOT.

IPO Live GMP Comprehensive GMP History

Latest IPO GMP

InvestorGain is an affiliate of k2m.com. Check the live GMP status of all upcoming and closed IPOs (issue closed but not yet listed) on the IPO GMP Dashboard. We at InvestorGain.com regularly update IPO GMP performance. You can track and compare IPO GMP and its listing price.

IPO Grey Market Premium (GMP)

The grey market premium (GMP) is the price at which an IPO is traded in an unofficial/unregulated grey market prior to its listing. The GMP reflects how a particular company’s IPO issue might react on the day of listing. A positive GMP premiumsignals that the IPO is likely to be at profit while a negative GMP indicates that the IPO is likely to be at a discount.

It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Safety Controls SME IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Safety Controls SME IPO or not.

About Safety Controls & Devices Ltd.

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 (Restated Consolidated)

Safety Controls & Devices Ltd.’s revenue increased by 126% and profit after tax (PAT) rose by 124% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	120.28	74.99	66.36
Total Income	103.50	45.70	49.26
Profit After Tax	8.99	4.01	0.43
EBITDA	17.27	8.27	2.63
NET Worth	42.17	17.48	12.47
Reserves and Surplus	28.87	6.98	2.97
Total Borrowing	33.84	29.79	18.52
Amount in ₹ Crore

IPO 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

Key Performance Indicator (KPI)

KPI	Mar 31, 2025
ROE	30.14%
ROCE	37.39%
Debt/Equity	0.80
RoNW	21.32%
PAT Margin	8.77%
EBITDA Margin	16.84%

Check IPO Peer Comparison here.

	Pre IPO	Post IPO
Promoter Holding	66.53%	46.40%

Rajnish Chopra, Anjali Chopra and Abhishek Chopra are the promoters of the company.

IPO Subscription Status

The Sai Parenteral’s IPO is subscribed 1.08 times on March 27, 2026 6:54:37 PM (Day 3). The public issue subscribed 0.12 times in the retail category, 1.73 times in the QIB category, and 2.45 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category	Subscription (x)	Shares Offered	Shares bid for
QIB (Ex Anchor)	1.73	20,85,659	36,10,266
NII	2.45	15,64,243	38,31,502
bNII (> ₹10L)	3.56	10,42,829	37,07,318
sNII (< ₹10L)	0.24	5,21,414	1,24,184
Retail	0.12	36,49,901	4,39,204
Total	1.08	72,99,803	78,80,972

Total Applications: 7,938

IPO Registrar

Maashitla Securities Pvt.Ltd.

+91-11-45121795-96
ipo@maashitla.com
Visit Website

IPO Lead Manager(s)

Sobhagya Capital Options Pvt.Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Safety Controls & Devices Ltd. Address

C-43/28/1,

Nawal Kishore Road

Hazratganj,

Lucknow, Uttar Pradesh, 226001

+91 05224026070
cs@safetygroup.in
Visit Website

IPO FAQs

What is the Safety Controls IPO?

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.

How to apply in Safety Controls IPO through Angel One?

Angel One customers can apply online in Safety Controls IPO using UPI as a payment gateway. Angel One customers can apply in Safety Controls IPO by login into Angel OneConsole (back office) and submitting an IPO application form.

Steps to apply in Safety Controls IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Safety Controls IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Angel OneIPO Application Process Review for more detail.

When Safety Controls IPO will open?

The Safety Controls IPO opens on Mon, Apr 6, 2026 and closes on Wed, Apr 8, 2026.

What is the lot size of Safety Controls IPO?

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.

How to apply for Safety Controls IPO?

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 Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Safety Controls IPO listing date ?

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.

When is Safety Controls IPO listing date ?

The Safety Controls IPO listing date is not yet announced. The tentative date of listing is Mon, Apr 13, 2026.