Safety Controls & Devices IPO
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Safety Controls & Devices IPO details
Schedule of Safety Controls & Devices
| Issue open date | 06 Apr 2026 |
| Issue close date | 08 Apr 2026 |
| UPI mandate deadline | 08 Apr 2026 (5 PM) |
| Allotment finalization | 09 Apr 2026 |
| Refund initiation | 10 Apr 2026 |
| Share credit | 10 Apr 2026 |
| Listing date | 13 Apr 2026 |
| Mandate end date | 23 Apr 2026 |
| Lock-in end date for anchor investors (50%) | 09 May 2026 |
| Lock-in end date for anchor investors (remaining) | 08 Jul 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Safety Controls & Devices
Safety Controls & Devices Limited is an engineering, procurement and construction (EPC) company based in Lucknow, engaged in executing turnkey infrastructure projects. The company provides services including design, engineering, supply, erection, testing and commissioning of transmission substations, along with installation of firefighting systems for substations and other facilities. Its operations have expanded from fire protection equipment and systems to power infrastructure projects such as substations up to high voltage levels, and further into renewable energy through solar power plant construction. The company also undertakes projects in sectors such as industrial, commercial and healthcare infrastructure. Revenue is primarily generated from EPC contracts, including projects awarded by government and private utilities. Over time, it has diversified its capabilities to offer integrated engineering solutions across multiple sectors, positioning itself as a multi-disciplinary project execution company.
Financials of Safety Controls & Devices
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 48 |
| Fresh Issue – Proceeds go to the company | 48 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment/prepayment of borrowings | 6 (12.50%) |
| Funding working capital requirements | 31.5 (65.63%) |
| General corporate purposes | 10.5 (21.87%) |
Strengths
- Experienced EPC contractor with capabilities in transmission substations and firefighting systems.
- Diversified business across power infrastructure, fire protection, renewable energy, and healthcare projects.
- Track record of executing turnkey projects, including substations up to high voltage levels.
- Established relationships with government and public sector clients through tender-based projects.
- Technical expertise enabling participation in large-value infrastructure contracts.
Risks
- Significant dependence on government contracts and tender-based project awards.
- Revenue concentration in EPC projects exposes the business to project execution risks.
- Exposure to delays in project execution may impact revenues and profitability.
- Working-capital-intensive operations require continuous funding.
- Business depends on the timely receipt of payments from clients, including public sector entities.