Safety Controls & Devices Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 1.20x | 3,145,600 | 3,331,200 | ₹25 Cr |
| NII (HNI) | 2.78x | 1,036,800 | 2,403,200 | ₹8 Cr |
| Retail | — | 2,048,000 | — | ₹16 Cr |
| Market Maker | — | 304,000 shares (agg. up to ₹2 Cr) | — | ₹2 Cr |
| Σ Total | 1.27x | 5,696,000 | 7,248,000 | ₹46 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹128,000 |
| Retail (Max) | 13 | 20,800 | ₹1,664,000 |
| S-HNI (Min) | 14 | 22,400 | ₹1,792,000 |
| B-HNI (Min) | 67 | 107,200 | ₹8,576,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 104 | 46 | 49 |
| EBITDA | 17 | 8 | 3 |
| Profit After Tax | 9 | 4 | 0 |
| Net Worth | 42 | 17 | 12 |
| Total Assets | 120 | 75 | 66 |
| Reserves & Surplus | 29 | 7 | 3 |
| Total Borrowing | 34 | 30 | 19 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment/prepayment, in part or full of certain of the borrowings – 6.00
- Funding the Working Capital Requirements of the Company – 31.50
- General corporate purposes –
Company Overview
Incorporated in June 2015, Safety Controls and Devices Limited specialises in EPC (Engineering, Procurement, and Construction), focusing on substations, solar plants, firefighting equipment, and hospitals for the Ministry of Ayush. Based in Lucknow, Uttar Pradesh, we operate as an engineering enterprise.
The company primarily caters to government entities and undertakings, constituting a significant portion of its customer base.
This includes various state and central government power utilities, private power entities, and renewable energy developers.
The company operates 19 substations and is expanding into utility-scale solar and electric vehicle charging stations.
The company has completed turnkey projects for 30 years.
The company is AOC Middle East LLC certified: ISO 9001:2015.
As of September 30, 2025, the company had 75 Permanent employees.
Competitive Strength
- Well-established association with Government entities
- Good relationship with Original Equipment Manufacturers (OEMs) and suppliers.
- Operates with a centralized approach for decisions like raw material procurement, workforce deployment, project scope, and execution.
- Experienced Leadership and an efficient management team.