Safety Controls & Devices Limited
Bookbuilding IPO · BSE
- Price band
- ₹75 – ₹80
- Lot size
- 1,600 shares
- Issue amount
- ₹48 cr
- Total subscription
- 1.35×
- Opens
- 6 Apr 2026
- Closes
- 8 Apr 2026
- Allotment
- 9 Apr 2026
- Listing
- 13 Apr 2026
Offer at a glance
Issue overview
- Issue size
- 60,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹48 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,28,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,38,26,999
- Shares after issue
- 1,98,26,999
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,56,000 |
| sHNI | 3 | 4,800 | ₹3,84,000 |
| bHNI | 8 | 12,800 | ₹10,24,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 8 Apr 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 7 |
| NIB | 0 | 140 |
| RETAIL | 640 | 488 |
| HNIs(10L +) | 120 | 105 |
| HNIs (2-10L) | 60 | 35 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 9.6 | 12.61 |
| Others | 0 | 12.61 |
| RETAIL | 16.38 | 12.49 |
| HNIs 2+ | 2.3 | 1.41 |
| HNIs 10+ | 4.61 | 17.97 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jan-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 6.28 | 6.98 | 4.01 |
| ROE | 21.17 | 30.14 | 26.76 |
| ROCE | 33.73 | 37.39 | 36.35 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 12.3 | 0 |
| POST IPO(PE) | 15.51 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Viviana Power Tech Limited | 59.47 | 0 | 10.00 | 97.93 | 39.96 | 27.68 |
| Safety Controls & Devices Limited | 12.30 | 0 | 10.00 | 32.17 | 22.47 | 7.47 |
| Oriana Power Limited | 31.68 | 0 | 10.00 | 254.75 | 31.11 | 79.52 |
Company information
Company profile
Incorporated in June 2015, Safety Controls and Devices Limited is engaged in providing EPC (Engineering, Procurement and Construction) services with a focus on substations, solar power plants, firefighting systems, and hospital projects for the Ministry of Ayush. Headquartered in Lucknow, Uttar Pradesh, the company primarily serves government bodies, power utilities, and renewable energy developers, and has executed multiple turnkey projects while currently operating 19 substations. Its operations span the entire project lifecycle—from engineering and procurement to construction and execution—ensuring end-to-end project delivery. The company is ISO 9001:2015 certified and follows a centralized approach for procurement, workforce management, and execution. As of September 30, 2025, it had 75 permanent employees, and it plans to utilize IPO proceeds for debt repayment, working capital requirements, and general corporate purposes.
Strengths
- Strong Government Relationships: Long-standing associations with central and state government bodies ensure consistent project flow and strong business visibility.
- Established OEM & Supplier Network: Strong ties with equipment manufacturers and suppliers enable efficient procurement and smooth project execution.
- Centralized Operations: Centralized decision-making enhances cost control, resource allocation, and timely project execution.
Risk factors
- Dependence on Power Sector & EPC Projects: A large share of revenue is tied to the power sector, exposing the company to sector-specific risks and execution challenges.
- Reliance on Government Contracts: Heavy dependence on government tenders makes the business vulnerable to policy changes and regulatory shifts.
- Business Positioning Risk: Diversification across multiple sectors beyond its core safety focus may create brand ambiguity and impact market positioning.
Promoters
Rajnish Chopra
Anjali Chopra
Abhishek Chopra
Registrar & documents
Lead manager
Sobhagya Capital Options Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Safety Controls & Devices Ltd. Address C-43/28/1, Nawal Kishore Road Hazratganj, Lucknow, Uttar Pradesh, 226001
+91 05224026070
[email protected]Company website ↗Understanding SCDL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.