ClosedSMEEPC (Engineering, Procurement, and Construction) · Power Sector, Solar Plants, Firefighting Equipment, Hospital Construction
Safety Controls & Devices
SCDL·₹80·Opens 2026-04-06
★★★★☆4/5
🔗 Official WebsiteSubscribed
0.30×
Overall
Price Band: ₹80
Min. Investment: 1.28
Lot Size: 1600 shares
Issue Size: 48.00
About the Company
What does this company do?
Safety Controls & Devices Limited is engaged in the EPC business, focusing on installation of substations, construction of solar plants, installation of firefighting equipment and construction of hospitals for the Ministry of Ayush.
IPO Details
Issue parameters, key dates and structure.
Total Issue Size
48.00
6000000
Fresh Issue
48.00
6000000
Proceeds go to company
Reservation Structure
QIB (Qualified Institutional Buyers)
50
3000000
Up to 60% may be allocated to Anchor Investors at discretion
NII / HNI (Non-Institutional Investors)
15
900000
Not less than 15% of Net Offer
RII (Retail Individual Investors)
35
2100000
Not less than 35% of Net Offer
Products & Brands
Key offerings and brand portfolio of the company.
Financial Performance
P&L, Balance Sheet and Cash Flow — all figures in ₹ Crores.
| Particulars (₹ Cr) | FY2025 |
|---|
All figures in ₹ Crores (INR). Data sourced from DRHP/RHP.
Key Financial Ratios
Valuation and profitability metrics at the IPO price.
EPS — Basic (₹)
6.98
FY2025
EPS — Diluted (₹)
6.98
FY2025
P/E Ratio
11.46
At upper band of ₹80
RoNW (%)
21.32
FY2025 (PAT/NetWorth)
NAV per Share (₹)
31.70
Pre-issue
Debt/Equity
0.80
FY2025
EBITDA Margin (%)
—
FY2025
PAT Margin (%)
8.69
FY2025 (PAT/Total Revenue)
Revenue CAGR
45.68
FY2023-FY2025 (2-yr)
Peer Comparison
Listed peers in the same industry — compare valuation and scale.
| Company | Exchange | Market Cap | Revenue (₹ Cr) | PAT (₹ Cr) | P/E | ROE |
|---|---|---|---|---|---|---|
| Not disclosed in available document | — | N/A | N/A | — | N/A | — |
* Peer data extracted from DRHP. All figures in ₹ Crores unless stated. P/E based on latest available earnings.
Objectives of the Issue
How the company intends to use the IPO proceeds.
⚠
Funding capital expenditure requirements
1
Meeting working capital requirements
2
General corporate purposes
3
Details of specific use of funds to be disclosed in the final Red Herring Prospectus
SWOT Analysis
Internal strengths & weaknesses; external opportunities & threats.
💪Strengths
Growing revenue with 126.6% YoY growth in FY25
Strong profitability improvement with PAT growing 124.1% YoY
Experienced management team with industry expertise
Diversified business portfolio reducing concentration risk
⚠️Weaknesses
First public issue with no market trading history
Audit qualifications in FY24 and FY25
Heavy debt burden of ₹3,384.48 Cr in FY25
Pending litigations affecting operational confidence
🚀Opportunities
Government focus on power sector infrastructure development
Growing demand for solar energy and renewable installations
Healthcare infrastructure expansion under Ministry of Ayush
Working capital expansion through IPO proceeds
🔥Threats
Cyclical nature of EPC and power sector business
Policy and regulatory changes in power and construction sectors
Competition from established EPC contractors
Dependency on government projects and contracts
Competitive Strengths
Key advantages highlighted in the DRHP.
✓
Established presence in power sector with focus on substation installations
✓
Diversified portfolio across solar plants, firefighting equipment and hospital construction
✓
Strong revenue growth trajectory with FY25 revenue of ₹10,350.21 Lakhs against ₹4,570.30 Lakhs in FY24
✓
Experienced promoter team with established relationships in government and industrial sectors
✓
Healthy profitability with PAT of ₹899.05 Lakhs in FY25 vs ₹400.82 Lakhs in FY24
✓
Access to incremental working capital through IPO for business expansion
Promoters & Shareholding
Pre & post-IPO shareholding pattern. Click a promoter card to learn more.
Promoters
Shareholding Pattern
66.53%63.76%
16.62%36.24%
PrePost
Key Risks
Material risk factors to consider before applying.
⚠
Heavy reliance on power sector for significant portion of sales
⚠
Challenges in managing diversified portfolio across multiple industries
⚠
First public issue with no formal market history for equity shares
⚠
Audit qualifications in FY23-24 and FY24-25 regarding revenue recognition and exceptional items
⚠
Pending litigations with aggregate amount of ₹712.63 Lakhs
⚠
Regulatory and policy risks in power and construction sectors
◆ Subscribe for Listing Gains
Should You Apply?
Safety Controls & Devices Limited is an EPC contractor engaged in power sector, solar plant construction, firefighting equipment installation and healthcare infrastructure development. The company demonstrates strong financial performance with 126.6% revenue growth to ₹10,350.21 Cr and 124.1% PAT growth to ₹899.05 Cr in FY25. At the issue price of ₹80, the stock offers reasonable valuation with P/E of 11.46x FY25 EPS and NAV of ₹31.70 per share. The IPO proceeds will strengthen working capital (₹3,150 Cr allocation) and reduce debt burden, supporting future growth. Recommended for subscription with focus on medium to long-term listing gains, though investors should monitor execution risks and government contract dependencies.
⚠️ This is not investment advice. CheckIPO provides information for educational purposes only. Always consult a SEBI-registered financial advisor before investing.
IPO Timeline
Key milestones from opening to listing.
📅
Issue open date
2026-04-06
🔒
Issue close date
2026-04-08
⏰
UPI mandate deadline
2026-04-08
🎯
Allotment finalization
2026-04-09
💰
Refund initiation
2026-04-10
📦
Share credit
2026-04-10
🏛️
Listing date
2026-04-13
Lead Managers & Registrar
Institutions managing the issue and handling allotment.
Book Running Lead Managers (1)
Sobhagya Capital Options
Registrar to the Issue
📋
Maashitla Securities Private Limited
Registrar to the Issue
Company Details
Registered information and contact details.
Company Name
Safety Controls & Devices Limited
CIN
U31908UP2015PLC071082
Registered Office
C-43/28/1 Nawal Kishore Road Hazratganj, Lucknow-226001, Uttar Pradesh, India
Contact Person
Shiva Nigam
Phone
+91 05224026070
Email
cs@safetygroup.inWebsite
www.safetygroup.in