The initial public offer (IPO) of Safety Controls & Devices received bids for 13,42,400 shares as against 44,16,000 shares on offer, as per BSE data as of 17:00 hours on Monday (6 April 2026). The issue was subscribed 0.30 times.

The issue opened for bidding on Monday (6 April 2026) and it will close on Wednesday (8 April 2026). The price band of the IPO is fixed between Rs 75 to 80 per share. The minimum order quantity is 1,600 equity shares. The equity shares will list on BSE’s SME platform.

The IPO comprises fresh issue of 60,00,000 equity shares. About 3,04,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 56,96,000 equity shares. The issue and the net issue will constitute 30.26% and 28.73% respectively of the post offer paid up equity share capital of the company.

The company intends to utilize the net proceeds for repayment/prepayment, in part or full of certain of borrowings, to meet incremental working capital requirements and for general corporate purpose.

Ahead of the IPO, Safety Controls & Devices on Thursday, 2 April 2025, raised Rs 12.67 crore from anchor investors. The board allotted 15.84 lakh shares at Rs 80 per share to 5 anchor investor.

Safety Controls & Devices is a specialized in engineering, procurement, and construction (EPC) company. The company focuses on delivering turnkey solutions across substations, solar power plants, firefighting equipment, and hospital infrastructure for the Ministry of Ayush. Primarily serving government entities, the company has built strong partnerships with state and central power utilities, private power firms, and renewable energy developers. With operations spanning 19 substations and expanding into utility-scale solar projects and electric vehicle charging stations, Safety Controls & Devices has a proven track record of 30 years in project execution. The company is ISO 9001:2015 certified by AOC Middle East LLC, reflecting its commitment to quality and operational excellence. Its competitive strengths include technical expertise, strong relationships with original equipment manufacturers and suppliers, skilled workforce, diversified offerings, and an experienced leadership team, enabling it to deliver high-quality, reliable, and sustainable engineering solutions. As on 27 March 2025, the company had 77 permanent employees.

The company recorded revenue from operations of Rs 67.43 crore and net profit of Rs 8.52 crore for the period ended 31 January 2026.