Safety Controls & Devices Ltd.
SAFETYCONSME
Ask IPO
Overview
Safety Controls & Devices Limited is a Lucknow-based Engineering, Procurement, and Construction (EPC) company established in 2015. The company specializes in executing turnkey projects across various sectors, including the installation of power substations up to 400KV, construction of solar power plants, installation of firefighting equipment, and development of EV charging infrastructure. It also undertakes hospital construction projects for the Ministry of Ayush. A significant portion of its business comes from government entities and public sector undertakings, leveraging its technical expertise and established relationships to secure contracts through competitive bidding.
Opening Date
Apr 06, 2026
Closing Date
Apr 08, 2026
Listing Date
Apr 13, 2026
IPO Type
SME
IPO Status
Upcoming
Issue Size
—
Fresh Issue
48 Cr
Offer for Sale
0 Cr
Price Band
₹75 - ₹80
Lot Size
1600
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
IPO Objective
The main objectives of the issue are to utilize the net proceeds for the following purposes:
- •
Repayment or prepayment of certain borrowings availed by the company, in part or full, to reduce outstanding indebtedness and debt servicing costs, amounting to ₹600.00 crores.
- •
Funding incremental working capital requirements to support business growth and execution of upcoming projects, amounting to ₹3,150.00 crores.
- •
Financing general corporate purposes, including business development initiatives, administrative expenses, and other operational costs to support overall growth.
Key Performance Indicator
P/E Ratio
12.31
EPS
6.5
ROE
30.14%
ROCE
37.39%
RONW
21.32%
Debt to Equity Ratio
—
PAT Margin
8.77%
EBITDA Margin
16.84%
P/B
2.62
SWOT Analysis
Strengths
- •
Experienced management team and skilled workforce with technical expertise across multiple verticals such as power, solar, and fire safety.
- •
Well-established relationships with government entities and public sector undertakings, which form a significant portion of the client base.
- •
Reliable and strong connections with suppliers and Original Equipment Manufacturers (OEMs), enabling procurement of quality materials at competitive rates.
- •
ISO 9001:2015 certified organization with a focus on quality assurance and continuous integration of advanced technologies.
Weaknesses
- •
High upfront costs and significant investment required for equipment and project initiation in the EPC sector.
- •
Long gestation periods for projects, which can lead to extended working capital cycles and pressure on liquidity.
- •
High client concentration with a heavy reliance on government-awarded projects, making the business susceptible to changes in public spending and policy.
Opportunities
- •
Growing global and national focus on sustainability and renewable energy, creating significant opportunities for expansion in solar, wind, and hydrogen projects.
- •
Potential to expand geographically into untapped regions and states with increasing energy and infrastructure demands.
- •
Opportunities for inorganic growth through strategic acquisitions or joint ventures to enhance capabilities and market presence.
Threats
- •
Evolving and stringent environmental and safety regulations can increase operational complexities and compliance costs.
- •
Intense competition from established domestic and multinational firms as well as new entrants in the power and renewable energy markets.
- •
Potential shifts in government regulatory policies, subsidies, and directives that could impact the financial viability of ongoing and future projects.
Subscription Rate
Frequently Asked Questions about Safety Controls & Devices Ltd.
Safety Controls & Devices Limited is a Lucknow-based Engineering, Procurement, and Construction (EPC) company established in 2015. The company specializes in executing turnkey projects across various sectors, including the installation of power substations up to 400KV, construction of solar power plants, installation of firefighting equipment, and development of EV charging infrastructure. It also undertakes hospital construction projects for the Ministry of Ayush. A significant portion of its business comes from government entities and public sector undertakings, leveraging its technical expertise and established relationships to secure contracts through competitive bidding.
The Safety Controls & Devices Ltd. IPO is scheduled to open for subscription on Apr 06, 2026 and close on Apr 08, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Safety Controls & Devices Ltd. IPO is ₹75 to ₹80. Investors can place bids within this range once the issue opens.
The minimum lot size for the Safety Controls & Devices Ltd. IPO is 1600 shares. The minimum investment amount ₹1,28,000.
The total issue size of the Safety Controls & Devices Ltd. IPO is will be disclosed closer to the issue opening. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Safety Controls & Devices Ltd. IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Safety Controls & Devices Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Safety Controls & Devices Ltd. are expected to list on stock exchanges on Apr 13, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Safety Controls & Devices Ltd. IPO are proposed to be used for The main objectives of the issue are to utilize the net proceeds for the following purposes:, Repayment or prepayment of certain borrowings availed by the company, in part or full, to reduce outstanding indebtedness and debt servicing costs, amounting to ₹600.00 crores., Funding incremental working capital requirements to support business growth and execution of upcoming projects, amounting to ₹3,150.00 crores., Financing general corporate purposes, including business development initiatives, administrative expenses, and other operational costs to support overall growth.
Before applying for the Safety Controls & Devices Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
