Safety Controls IPO
Market Sentiment
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Financial Analysis
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 49.26 | 45.70 | 103.50 |
| Expense | 48.67 | 40.31 | 91.61 |
| Profit (PAT) | 0.43 | 4.01 | 8.99 |
| Total Assets | 66.36 | 74.99 | 120.28 |
| Company | EPS | P/E | Market Cap (Cr) |
|---|---|---|---|
| Viviana Power Tech Limited | 27.68 | 59.47 | 40 |
| Oriana Power Limited | 79.52 | 31.68 | 31 |
Promoters: Rajnish Chopra, Anjali Chopra and Abhishek Chopra
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,38,26,999 | 66.53% |
| Promoter Holding Post Issue | 1,98,26,999 | 46.40% |
Strengths & Risks
- Revenue grew 126% in the latest reported year.
- Solid profit margin — 8.7%.
- Strong return on equity — 30%.
- Promoter stake drops to 46% after the issue.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Safety Controls and Devices Limited, founded in 2015, offers complete engineering project services. The firm offers complete EPC services for substations, solar plants, firefighting equipment, and hospitals for the Ministry of Ayush. From design, supply, installation, testing, to setup, the firm gets involved in every step of transmission substations. Based in Lucknow, Uttar Pradesh, the company mainly works with government organizations. Most of the firm’s customers are government and private entities, such as State and central government power utilities, Private power entities, and Renewable energy developers. Currently, Safety Controls runs 19 substations and is planning to expand its business into large solar projects and EV charging stations. Moreover, the firm has experience of over 30 years and has completed various turnkey projects.
Safety Controls & Devices Ltd., C-43/28/1,, Nawal Kishore Road, Hazratganj,, Lucknow, Uttar Pradesh, 226001
| Purpose | Amount (Cr) |
|---|---|
| Repayment/prepayment, in part or full of certain of the borrowings | 6.00 |
| Funding the Working Capital Requirements of the Company | 31.50 |
| General Corporate Purpose | - |
Resources & Documents
Safety Controls has set a price band of Rs 75–Rs 80 per share for an issue size of Rs 48 crore. The stock listed with a 3.75% gain versus its issue price on April 13, 2026.
Safety Controls and Devices Limited, founded in 2015, offers complete engineering project services. The firm offers complete EPC services for substations, solar plants, firefighting equipment, and hospitals for the Ministry of Ayush.
The issue is promoted by Rajnish Chopra, Anjali Chopra and Abhishek Chopra with Sobhagya Capital Options Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Repayment/prepayment, in part or full of certain of the borrowings (Rs 6 crore) and Funding the Working Capital Requirements of the Company (Rs 32 crore).
On fundamentals, the company is posting revenue growth of 126.5%, a profit margin of 8.7%, return on equity of 30.1% in its most recent reported period. Listed peers in this segment include Viviana Power Tech Limited (P/E 59.47x, market cap Rs 40 crore) and Oriana Power Limited (P/E 31.68x, market cap Rs 31 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Safety Controls IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Safety Controls GMP history and trend, or learn how grey market premium works and how reliable it is.
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