
Capital Goods · BSE
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.
Price Band
₹75 – ₹80
Issue Size
₹600.00 L Cr
Lot Size
1600 shares
GMP
Est. Listing
₹80
at current GMP
Subscribed
1.35x
overall
Open
6 Apr 2026
Close
8 Apr 2026
Allotment
9 Apr 2026
Refund
10 Apr 2026
Demat Credit
11 Apr 2026
Listing
13 Apr 2026
Designated Registrar: Maashitla Securities Private Limited
Allotment Date
9 Apr 2026
Basis finalization
Refunds Initiate
10 Apr 2026
Mandate release
Demat Credit
11 Apr 2026
Shares in demat
Listing Debut
13 Apr 2026
Trading begins
Safety Controls & Devices Limited is bringing an initial public offering (IPO) in the Capital Goods sector with an aggregate issue size of ₹60,00,000 Crores. The shares are offered at a price band of ₹75 to ₹80 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2026-04-08, the basis of allotment is scheduled to be finalized on 2026-04-09. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.