New Delhi, 06 April (H.S.):

Safety Controls and Devices, a company specializing in engineering, procurement, and construction (EPC) services, launched its ₹48 crore initial public offering (IPO) for public subscription today.

Key Subscription Details

Bids can be placed until April 8, with share allotment scheduled for April 9 and demat credit on April 10. The shares are tentatively set to list on the BSE SME platform on April 13. The price band is ₹75–₹80 per share, with a lot size of 1,600 shares; retail investors must bid for at least two lots (3,200 shares), requiring a minimum investment of ₹2,56,000.

Issue Allocation and Management

Qualified institutional buyers (QIBs) are reserved 48.88% of the issue, retail investors 35.96%, and non-institutional investors (NIIs) 15.17%. The book-running lead manager is Saubhagyam Capital Options Private Limited, with Manshittla Securities Private Limited as registrar and NNM Securities Private Limited as market maker. This fresh issue comprises 60 lakh equity shares of ₹10 face value each.

Strong Financial Performance

The company's net profit has surged steadily: ₹43 lakh in FY23, ₹4.01 crore in FY24, and ₹8.99 crore in FY25, reaching ₹8.52 crore as of January 31, 2026. Revenue grew from ₹49.26 crore in FY23 to ₹45.70 crore in FY24 and jumped to ₹103.50 crore in FY25, with ₹68.51 crore earned year-to-date.

Debt and Growth Metrics

While debt has risen from ₹18.52 crore in FY23 to ₹39.18 crore by January 2026, net worth expanded from ₹12.47 crore to ₹54.47 crore over the same period. Reserves and surplus climbed to ₹40.64 crore, and EBITDA rose from ₹2.63 crore in FY23 to ₹16.21 crore year-to-date.

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Hindusthan Samachar / Jun Sarkar