Safety Controls & Devices IPO

About Safety Controls and Devices IPO

The Safety Controls and Devices IPO opens on Monday, April 6, 2026 and closes on Wednesday, April 8, 2026. The allotment of shares will take place on Thursday, April 9, 2026. The credit of shares to the demat account will take place on Friday, April 10, 2026. The initiation of refunds will take place on Friday, April 10, 2026. The listing of shares will take place on Monday, April 13, 2026.

The offer consists of a fresh issue component. The fresh issue will include 0.60 crore shares of ₹48.00 crores. The total number of shares and aggregate amount are 60,00,000 shares

(aggregating up to ₹48 crores).

Safety Controls and Devices IPO’s price band is set at ₹75 to ₹80 per share. The lot size for an application is 1,600. The minimum amount of investment required by a retail individual investor is ₹2,56,000 (3,200 shares) (based on upper price). The minimum lot size investment by HNIs is 3 lots (4,800 shares), amounting to ₹3,84,000.

Safety Controls and Devices are primarily engaged in the EPC (Engineering, Procurement, and Construction) business, focusing on the installation of substations, construction of solar plants, installation of firefighting equipment and hospital construction projects for the Ministry of Ayush. Based in Lucknow, Uttar Pradesh, their operations are carried out as an engineering enterprise. They have experience in executing turnkey projects across multiple sectors like transmission and distribution, solar energy, EV charging infrastructure, fire protection systems and hospital construction.

Objectives of Safety Controls and Devices IPO

• Repayment/prepayment, in part or full of certain of their borrowings.

• Funding the working capital requirements of the company.

• General corporate purpose.

Industry Outlook

India's energy demand is expected to increase more than any other country in the coming decades due to its sheer size and enormous potential for growth and development. Therefore, most of this new energy demand must be met by low-carbon, renewable sources. India's announcement that they intend to achieve net zero carbon emissions by 2070 and to meet 50% of their electricity needs from renewable sources by 2030 marks a historic point in the global effort to combat climate change.

India has set a target to reduce the carbon intensity of the nation’s economy by less than 45% by the end of the decade, achieve 50% cumulative electric power installed by 2030 from renewables, and achieve net zero carbon emissions by 2070. Low-carbon technologies could create a market worth up to $8,000 crore in India by 2030.

About Safety Controls and Devices

Safety Controls & Devices Limited is primarily engaged in the EPC (Engineering, Procurement, and Construction) business, focusing on the installation of substations, construction of solar plants, installation of firefighting equipment, and construction of hospitals for the Ministry of Ayush. Based in Lucknow, Uttar Pradesh, their operations are carried out as an engineering enterprise. They have experience in executing turnkey projects across multiple sectors like transmission and distribution, solar energy, EV charging infrastructure, fire protection systems, and hospital construction. They primarily cater to government entities and undertakings, which constitute a significant portion of their overall customer base. This includes various state and central government power utilities, private power entities, and renewable energy developers. The company commenced operations as a provider of design, installation, and supply services for fire equipment, firefighting systems, and fire alarms. Over time, the company expanded its capabilities and diversified its portfolio to address the growing needs of other industries.

Strengths of Safety Controls and Devices

• Technical expertise.

• Well established association with government entities.

• Good relationship with Original Equipment Manufacturer (OEMs) and suppliers.

• Centralized operation.

• Experienced leadership and an efficient management team.

Risks of Safety Controls and Devices

• Safety Controls and Devices rely on the power sector, for a significant portion of their sales, along with the challenges of managing a diversified portfolio across multiple industries.

• Their reliance on government contracts exposes them to substantial risks.

• A substantial portion of their revenues has been dependent on few of their clients.

• Their top 1, 3, 5 and 10 suppliers contributed a significant portion of their raw material consumption.

• The company requires significant working capital to sustain its growth.

Anchor Investor Bidding Date: Thursday, April 02, 2026*

*The company may in consultation with the BRLM may consider participation by Anchor Investors in accordance with the SEBI ICDR Regulations. The Anchor Investor Bid/ Issue Period shall be one working day prior to the bid/issue opening date.

Registrar: Maashitla Securities Private Limited

Book Running Lead Managers: Sobhagya Capital Options Private Limited

Safety Controls and Devices Business Model

The company earns its revenue through engaging in the EPC (Engineering, Procurement, and Construction) business, focusing on the installation of substations, construction of solar plants, installation of firefighting equipment, and construction of hospitals for the Ministry of Ayush.

Safety Controls and Devices Growth Trajectory

Safety Controls and Devices’ Total Income for FY25 was ₹103.502 crores, whereas in FY24 and FY23 it was ₹45.703 crores and ₹49.256 crores, respectively.

The Profit After Tax for FY25 was ₹8.990 crores, whereas in FY24 and FY23 it was ₹4.008 crores and ₹0.431crores, respectively.

Their EBITDA for FY25 was ₹17.274 crores, whereas in FY24 and FY23 it was ₹8.270 crores and ₹2.631 crores, respectively.

Safety Controls and Devices Market Position

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹103.502 crores, ₹8.990 crores, and ₹17.274 crores, respectively.

How to apply for Safety Controls and Devices IPO?

Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.