Safety Controls & Devices Ltd IPO – Allotment Status, GMP, Listing Date & Complete Details (2026)

April 4, 2026 Navya

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TL;DR: Safety Controls & Devices Ltd IPO is making headlines as the first SME IPO of Financial Year 2026–27 (FY27). This Lucknow-based Engineering, Procurement, and Construction (EPC) company is entering the public markets with a ₹48 crore book-built issue on the BSE SME platform. If you are tracking its allotment status, GMP, listing date, or subscription data – this guide covers everything you need to know.

Table of Contents

Safety Controls & Devices IPO Details

Safety Controls & Devices IPO will open on April 6, 2026, and close on April 8, 2026. Below is a complete detail of the IPO:

Safety Controls & Devices Ltd IPO Parameter	Details
IPO Open Date	April 6, 2026
IPO Close Date	April 8, 2026
Issue Type	Book Build Issue (SME IPO)
Issue Size	₹48.00 Crores (Fresh Issue only)
Total Shares Offered	60,00,000 Equity Shares
Face Value	₹10 per share
Price Band	₹75 to ₹80 per share
Minimum Lot Size	1,600 Shares (Retail: 2 lots = 3,200 shares)
Minimum Investment (Retail)	₹2,56,000
Listing Exchange	BSE SME
IPO Registrar	Maashitla Securities Pvt. Ltd.
Lead Manager (BRLM)	Sobhagya Capital Options Pvt. Ltd.
Allotment Date	April 9, 2026
Listing Date	April 13, 2026
Company Website	Safety Group

Safety Controls & Devices IPO Investor Quota Breakdown

Investor Category	Quota
Qualified Institutional Buyers (QIB)	50%
Non-Institutional Investors (NII/HNI)	15%
Retail Individual Investors	35%

About Safety Controls & Devices Ltd

Safety Controls & Devices Ltd is a Lucknow-based EPC (Engineering, Procurement, and Construction) company, incorporated on June 1, 2015. The company specializes in executing turnkey infrastructure projects across multiple critical sectors. Here’s what the company does:

Power Substations – Installation and commissioning of transmission substations up to 400 KV (and firefighting systems for substations up to 765 KV). The company has successfully commissioned 19 substations for public and private utilities.
Solar Power Plants – Construction of utility-scale solar projects as it expands into India’s renewable energy sector.
Firefighting Systems – Supply and installation of fire protection systems for substations and large industrial facilities.
EV Charging Infrastructure – Expanding into electric vehicle (EV) charging station projects.
Healthcare Infrastructure – Hospital construction projects for the Ministry of Ayush.

The promoters of the company are Mr. Rajnish Chopra (Managing Director), Mrs. Anjali Chopra, and Mr. Abhishek Chopra (Whole-Time Director). As of September 30, 2025, the company employs 75 permanent staff members, including specialized electrical and civil engineers.

Key Financial Performance of Safety Controls & Devices Ltd

Safety Controls & Devices Ltd has reported impressive financial growth:

Financial Metric	FY2024	FY2025	Growth
Revenue	₹45.70 Crores	₹103.50 Crores	+126%
Profit After Tax (PAT)	₹4.01 Crores	₹8.99 Crores	+124%

Note: While the revenue and profit growth is impressive, investors should note that net cash from operating activities was negative ₹742.89 Lakhs as of March 31, 2025, primarily due to a sharp rise in trade receivables (from ₹4,729.78 Lakhs in FY24 to ₹8,732.46 Lakhs in FY25), which creates working capital stress.

Safety Controls & Devices IPO Allotment Status

Safety Controls & Devices IPO allotment status will be finalized on April 9, 2026. Allotment is the process where the registrar determines which applicants will receive shares and in what quantity, based on the overall subscription levels.

How to Check Safety Controls IPO Allotment Status?

You can check the Safety Controls IPO allotment status through the following official channels:

Method 1: Registrar’s Website (Maashitla Securities)

Visit the official registrar website of Maashitla.
Select “Safety Controls & Devices Ltd” from the IPO dropdown.
Enter your Application Number or Demat Account Number or PAN Number.
Click Submit to view your allotment status.

Method 2: BSE Official Website

Go to the official BSE India website.
Select “Equity” as the issue type.
Select the IPO name from the dropdown list.
Enter your Application Number and PAN.
Click Search to get your status.

Method 3: CDSL (Central Depository Services Ltd)

Visit CDSL India website.
Go to the “IPO/Corporate Action” section.
Enter your BO ID (demat account number) to check allotment status.

Note: Always keep your Application Number, PAN Card, and Demat Account Number ready before checking allotment status. These details are available in the confirmation email sent by your bank or UPI application after bidding.

Safety Controls & Devices Ltd IPO Listing Date

Safety Controls & Devices Ltd IPO listing date is April 13, 2026 on the BSE SME exchange. This is the date when shares will officially start trading on the stock exchange for allotted shareholders and open market buyers.

Key Post-IPO Timeline

Event	Date
IPO Close Date	April 8, 2026
Basis of Allotment (BoA)	April 9, 2026
Refund Initiation	April 10, 2026
Credit of Shares to Demat	April 10, 2026
IPO Listing on BSE SME	April 13, 2026

On listing day, investors who received allotment can:

Hold the shares for long-term appreciation.
Sell on listing to capture listing gains (if any).
Buy more shares at the listing price if it opens at a discount.

Safety Controls & Devices IPO GMP

Safety Controls & Devices IPO GMP(Grey Market Premium) as of the latest available data is ₹0 per share, indicating neutral or cautious market sentiment ahead of the listing. The estimated listing price based on current GMP trends stands at approximately ₹80 per share (at the upper end of the price band).

What Is IPO GMP?

Grey Market Premium is the unofficial premium at which IPO shares trade in the grey market before the official listing. It is not regulated by SEBI and acts merely as a market sentiment indicator not a guaranteed listing price.

GMP Metric	Data
Current GMP	₹0
Kostak Rate	Not Available
Subject to Sauda Rate	Not Available
Estimated Listing Price	₹80 per share
GMP-Based Listing Gain (%)	~0% (Neutral)

Disclaimer: GMP data is unofficial and should not be the sole basis for your investment decision. Rely on fundamentals, subscription data, and listing-day market trends for better judgment.

Safety Controls DRHP

Safety Controls & Devices Ltd filed its DRHP (Draft Red Herring Prospectus) with BSE on September 30, 2025. This is the company’s second filing; the first DRHP was submitted on October 31, 2024, but was subsequently withdrawn on November 8, 2024.

What the DRHP Reveals: Use of IPO Proceeds

The company intends to utilize the net proceeds from the ₹48 crore IPO for the following purposes:

Repayment or prepayment of borrowings – To reduce outstanding debt and lower debt servicing costs.
Working Capital Requirements – To fund day-to-day operations, project execution, and business growth.
General Corporate Purposes – Including business development, administrative expenses, and operational scaling.

Since this is a 100% fresh issue, no existing shareholders are selling their stakes. This means all IPO proceeds go directly into the company’s growth and operations – a positive sign for investors.

DRHP Key Highlights

Book Running Lead Manager (BRLM): Sobhagya Capital Options Pvt. Ltd.
Registrar: Maashitla Securities Private Limited
Certification: ISO 9001:2015 certified (AOC Middle East LLC)
Listing Exchange: BSE SME

Safety Controls IPO Subscription Status

Safety Controls IPO Subscription will open from April 6 to April 8, 2026. Subscription status shows how many times the IPO has been oversubscribed by different investor categories.

Live subscription data will be updated throughout the bidding period on the BSE and on the registrar’s platform.

Subscription Category Breakdown

Investor Category	Allocation	Subscription Status
Qualified Institutional Buyers (QIB)	50%	To be updated
Non-Institutional Investors (NII)	15%	To be updated
Retail Individual Investors (RII)	35%	To be updated
Market Maker Portion	3,04,000 shares	Reserved (not in main quota)

What Subscription Levels Mean for You

Less than 1x subscribed: Low demand – higher chance of allotment but possible listing discount.
1x to 5x subscribed: Moderate interest – decent allotment chances for retail investors.
5x to 10x subscribed: Good demand – allotment chances are lower.
10x+ subscribed: High demand – allotment is based on lottery for retail investors.

Since this is a SME IPO, even moderate oversubscription can lead to listing gains. Keep tracking BSE and the registrar’s website for real-time subscription updates.

How to Invest in Safety Controls & Devices Ltd IPO?

Investing in Safety Controls & Devices IPO is simple and can be done entirely online. Here is a step-by-step process:

Step 1: Ensure You Have These Ready

A valid Demat Account (linked to a brokerage or depository participant)
A PAN Card
A bank account with UPI enabled or ASBA (Application Supported by Blocked Amount) facility

Step 2: Choose Your Application Method

Via UPI (Recommended for Retail Investors):

Open your investment or trading application.
Navigate to the IPO section.
Search for “Safety Controls & Devices Ltd”.
Enter the lot size (minimum 2 lots = 3,200 shares = ₹2,56,000).
Place your bid at the cut-off price (₹80) for the best allotment chances.
Approve the UPI mandate sent to your UPI app.
Funds remain in your account until allotment; you are not charged immediately.

Via ASBA (Through Net Banking):

Log in to your bank’s net banking portal.
Go to the IPO/ASBA section.
Select “Safety Controls & Devices Ltd IPO”.
Fill in application details and submit.
The application amount will be blocked (not debited) until allotment.

Step 3: Important Bidding Tips

Always bid at the cut-off price to maximize allotment probability.
Avoid bidding below the cut-off unless you have a specific reason.
Do not apply multiple times from the same PAN; it will result in rejection of all applications.
If you are applying as an HNI, ensure you meet the minimum investment threshold.

Note: This IPO is available on the BSE SME platform. You can apply via ASBA through your bank or through UPI via compatible investment platforms.

What Happens After IPO Allotment?

Once the Safety Controls & Devices Ltd IPO allotment is finalized on April 9, 2026, the following events take place:

Timeline of Post-Allotment Events

Allotment Confirmation (April 9, 2026): Allotted shares are confirmed via the BSE and registrar’s system. You will receive an SMS or email notification.
Refund Initiation (April 10, 2026): If your application was not allotted or was partially allotted, the blocked funds will be released back to your bank account.
Credit of Shares to Demat Account (April 10, 2026): Successfully allotted shares will be credited directly to your linked demat account.
Listing on BSE SME (April 13, 2026): Your shares will start trading on the BSE SME exchange. You can hold, sell, or buy more based on your investment strategy.

What If You Don’t Get Allotment?

Your blocked funds are automatically unblocked within 2-3 working days via ASBA or UPI mandate reversal.
No action is required from your end for refunds.
You can buy the shares from the open market after listing on April 13, 2026.

Risks and Challenges for Investors of Safety Controls IPO

Safety Controls & Devices Limited IPO carries certain risks that every investor must evaluate before investing:

Key Risks to Watch Out For

Heavy Dependence on Government Contracts: A significant portion of revenue comes from government utilities and public sector undertakings. Any slowdown in government spending, delays in tender awards, or policy changes can directly impact revenue and profitability.
Negative Operating Cash Flows: As of March 31, 2025, the company reported negative operating cash flows of ₹742.89 Lakhs, primarily due to a massive jump in trade receivables from ₹4,729.78 Lakhs in FY24 to ₹8,732.46 Lakhs in FY25. This indicates working capital pressure.
Project Execution Risks: EPC projects are complex and subject to delays due to supply chain disruptions, regulatory approvals, or labour shortages. Delays directly impact revenue recognition and profitability.
Working Capital Intensive Business: The business requires continuous and significant funding for day-to-day operations, project procurement, and execution. High working capital needs can strain liquidity if collections are delayed.
Concentration in a Single Sector: While the company is diversifying into solar, EV charging, and healthcare, the core business still revolves around power infrastructure, which exposes it to sector-specific risks.
SME IPO Liquidity Risk: SME IPOs listed on the BSE SME platform typically have lower trading volumes compared to mainboard stocks. This can make it difficult to exit your position quickly at your desired price.
DRHP Refiling History: The company withdrew and refiled its DRHP originally filed in October 2024, withdrawn in November 2024, and refiled in September 2025. While this is not uncommon, investors should review the updated DRHP for any material changes.

Conclusion – Safety Controls & Devices Ltd IPO

Safety Controls & Devices Ltd IPO is a noteworthy SME offering from an EPC company with strong government-backed revenue. Here is a quick summary of the key events:
Safety Controls IPO open date is April 6, 2026.
Safety Controls IPO close date is April 8, 2026.
Safety Controls & Devices Ltd IPO price band is ₹75 to ₹80 per share.
Safety Controls & Devices Limited IPO issue size is ₹48 crore (100% fresh issue).
Safety Controls Ltd IPO allotment date is April 9, 2026.
Safety Controls & Devices Ltd IPO listing date is April 13, 2026 on BSE SME.
Safety Controls & Devices IPO GMP is currently ₹0, indicating neutral market sentiment.
Safety Controls IPO revenue growth was 126% between FY2024 and FY2025.
Safety Controls IPO anchor allocation of ₹12.67 crore was fully subscribed.
Safety Controls IPO registrar is Maashitla Securities Pvt. Ltd.

FAQ – Safety Controls & Devices IPO Allotment Status

1. What is the Safety Controls & Devices Ltd IPO allotment date?

The Safety Controls & Devices Ltd IPO allotment date is April 9, 2026. The basis of allotment will be finalized on this date by the registrar, Maashitla Securities Pvt. Ltd.

2. Where can I check Safety Controls & Devices Ltd IPO allotment status?

You can check the allotment status at:

Registrar’s Website: Maashitla Securities Pvt. Ltd.
BSE Website
CDSL Website

3. What is the Safety Controls & Devices Ltd IPO listing date?

Safety Controls & Devices IPO will list on April 13, 2026 on the BSE SME exchange.

4. What is the price band for Safety Controls & Devices Ltd IPO?

The price band for Safety Controls & Devices IPO is ₹75 to ₹80 per share. The face value of each equity share is ₹10.

5. What is the minimum investment required for Safety Controls & Devices Ltd IPO?

Retail investors must apply for a minimum of 2 lots (3,200 shares), making the minimum investment amount ₹2,56,000 at the upper price band of ₹80 per share.

6. What is the GMP of Safety Controls & Devices Ltd IPO?

Safety Controls & Devices Ltd IPO GMP is currently ₹0, indicating neutral market sentiment. The estimated listing price is approximately ₹80 per share. GMP is an unofficial indicator and may change closer to the listing date.

7. What is the lot size for Safety Controls & Devices Ltd IPO?

The lot size is 1,600 shares per lot. Retail investors must apply for a minimum of 2 lots (3,200 shares).

8. Who are the promoters of Safety Controls & Devices Ltd?

The promoters of Safety Controls & Devices Ltd are:

Mr. Rajnish Chopra (Managing Director)
Mrs. Anjali Chopra
Mr. Abhishek Chopra (Whole-Time Director)

9. What does Safety Controls & Devices Ltd do?

Safety Controls & Devices Ltd is a Lucknow-based EPC company that executes turnkey projects including power substation installation (up to 400 KV), solar power plant construction, firefighting system installation, EV charging infrastructure, and hospital construction for the Ministry of Ayush.

10. What will the IPO proceeds be used for?

The proceeds from the ₹48 crore fresh issue will be used for repayment of borrowings, funding working capital requirements, and general corporate purposes. Since it is a pure fresh issue, all proceeds go directly into the company.

11. Is Safety Controls & Devices Ltd IPO good for long-term investment?

Based on the company’s 126% revenue growth and expansion into high-growth sectors like solar and EV charging, it holds long-term potential. However, the negative operating cash flows and heavy government contract dependence are risks to consider. Consult a SEBI-registered advisor for personalized guidance.

12. What is the registrar for Safety Controls & Devices Ltd IPO?

The registrar for Safety Controls & Devices Ltd IPO is Maashitla Securities Private Limited.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice. IPO investments are subject to market risks. Please read the Red Herring Prospectus carefully and consult a SEBI-registered financial advisor before investing.