BSE List Price : ₹83.00

subscription

Category	Times
QIBs	1.31x
HNIs	2.8x
Retail	0.76x
Total : 1.35x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	3,200	₹256,000
Retail Maximum	2	3,200	₹256,000
S-HNI Minimum	3	4,800	₹384,000
S-HNI Maximum	7	11,200	₹896,000
B-HNI Minimum	8	12,800	₹1,024,000

About the Company

Safety Controls and Devices Limited, established in 2015, provides comprehensive engineering project solutions. The company delivers end-to-end EPC services for substations, solar power plants, firefighting systems, and hospital projects under the Ministry of AYUSH.

The firm is involved in every stage of transmission substation projects, including design, procurement, installation, testing, and commissioning. Headquartered in Lucknow, Uttar Pradesh, it primarily serves government clients.

Its client base includes both government and private sector organizations such as state and central power utilities, private power companies, and renewable energy developers. At present, Safety Controls operates 19 substations and aims to expand into large-scale solar projects and EV charging infrastructure. Additionally, the company brings over three decades of industry experience and has successfully executed numerous turnkey projects.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹49.26	₹48.67	₹0.43	₹66.36
2024	₹45.70	₹40.31	₹4.01	₹74.99
2025	₹103.50	₹91.61	₹8.99	₹120.28

Company Promoter

Rajnish Chopra

Anjali Chopra

Abhishek Chopra

Know before investing

• • Strengths

  Established ties with government bodies: Long-term relationships with central and state authorities ensure a steady flow of projects and better business visibility.

  Centralized operations model: A centralized decision-making structure enhances cost control, efficient resource utilization, and timely project execution.

• • Risks

  Reliance on power sector and EPC activities: A large share of the company’s revenue is tied to the power sector, making it vulnerable to sector-specific risks and execution-related challenges.

  Risk related to diversification and market positioning: Expanding into multiple sectors beyond its core safety-focused image may lead to brand dilution and impact its positioning in the market.

Objects of the Issue & Utilisation of proceeds

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

Funding the Working Capital Requirements of the Company.

General Corporate Purpose.

Company  Address

Safety Controls & Devices Ltd.
C-43/28/1,
Nawal Kishore Road
Hazratganj,
Lucknow, Uttar Pradesh, 226001
Phone: +91 05224026070
Email: cs@safetygroup.in
Website: https://www.safetygroup.in/

IPO Registrar

Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues

IPO Review

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