Safety Controls & Devices Limited is an engineering, procurement, and construction (EPC) company based in Lucknow. Initially focused on fire protection systems, it has diversified into high-voltage transmission substations, solar power plants, and healthcare infrastructure projects.
IPO Timelines
- IPO Open Date: Monday, April 6, 2026
- IPO Close Date: Wednesday, April 8, 2026
- Allotment Date: Thursday, April 9, 2026
- Initiation of Refunds: Friday, April 10, 2026
- Credit of Shares to Demat: Friday, April 10, 2026
- Tentative Listing Date: Monday, April 13, 2026
IPO Details
- Issue Size: ₹48.00 Crore (Entirely a fresh issue of 60,00,000 shares)
- Price Band: ₹75 to ₹80 per share
- Lot Size: 1,600 shares
- Face Value: ₹10 per share
- Listing At: BSE SME platform
Investment Size (at the upper price band)
- Retail Investors (Minimum): The minimum application requires 2 lots (3,200 shares) amounting to ₹2,56,000.
- High Net-Worth Individuals / HNI (Minimum): The minimum application requires 3 lots (4,800 shares) amounting to ₹3,84,000.
Objective of the Issue
The capital raised will be used for:
- Funding working capital requirements (₹31.50 crore)
- Repayment or prepayment of certain outstanding borrowings (₹6.00 crore)
- General corporate purposes
Key Market Indicators
- Grey Market Premium (GMP): Early signals indicate a flat or nil (₹0) premium, suggesting a potentially quiet listing based on initial sentiment in the unofficial market.
- Lead Manager: Sobhagya Capital Options Private Limited
- Registrar to the Issue: Maashitla Securities Private Limited
Disclaimer: IPO investments are subject to market risks. Please read the offer documents (RHP) carefully and consult a financial advisor before making investment decisions.
