Safety Controls & Devices Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹80
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,28,000
Issue Size
₹48 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.95%
QIB Quota
48.88%
NII Quota
15.17%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Safety Controls & Devices Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
66.53%
Promoter Holding (Post-Issue)
46.41%
Issue Type
Book Building - SME
ISIN
INE0UMH01018
About the Company
The Company is primarily engaged in the EPC (Engineering, Procurement, and Construction) business, focusing on the installation of substations, construction of solar plants, installation of firefighting equipment, currently it is also undertaking some construction projects of hospitals for the Ministry of Ayush. Based in Lucknow, Uttar Pradesh, its operations are carried out as an engineering enterprise. The Company has experience in executing turnkey projects across multiple sectors like transmission and distribution, solar energy, EV charging infrastructure, fire protection systems and hospital construction.
Industry Overview
Power is among the most critical components of infrastructure, crucial for the economic growth and welfare of nations. The existence and development of adequate power infrastructure is essential for sustained growth of the Indian economy. The fundamental principle of India's power industry has been to provide universal access to affordable power in a sustainable way. The Ministry of Power has made significant efforts over the past few years to turn the country from one with a power shortage to one with a surplus by establishing a single national grid, fortifying the distribution network, and achieving universal household electrification.
Company History
The Company was originally incorporated as Private Limited, under the Companies Act, 2013 ("Companies Act") in the name and style of "Safety Controls & Devices Private Limited" on June 01, 2015, under the provisions of the Companies Act, 2013 vide Certificate of Incorporation issued by the Registrar of Companies, Kanpur Uttar Pradesh. Later on, the company was converted into public limited company, subsequently the name of the Company was changed to "Safety Controls & Devices Limited" and fresh Certificate of Incorporation dated October 10, 2023 was issued by the Registrar of Companies, Kanpur, Uttar Pradesh. The Corporate Identification Number of the Company is U31908UP2015PLC071082.
Products & Services
- The Company is primarily engaged in the EPC (Engineering, Procurement, and Construction) business, focusing on the installation of substations, construction of solar plants, installation of firefighting equipment.
- At Present, The Company is also undertaking some construction projects of hospitals for the Ministry of Ayush.
Growth Strategy
- Sustainability and Renewable Energy Integration.
- Hybrid Substations.
- Expanding its geographical network.
- Continue to develop client relationships.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 60,00,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Safety Controls & Devices Limited ("The Company" or "SCDL" or "The Issuer") at an issue price of Rs. 80 per equity share for cash, aggregating up to Rs.48 Crores ("Public Issue") out of which 3,04,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 80 per equity share for cash, aggregating Rs. 2.43 Crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. Issue of 56,96,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 80 per equity share for cash, aggregating upto Rs. 45.57 Crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 30.26% and 28.73%, respectively of the post issue paid-up equity share capital of the company. Price Band: Rs. 80/- per equity share of face value of Rs. 10/- each. The floor price is 8.0 times the face value of the equity. Bids can be made for a minimum of 2 lots and in multiples of 1600 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoter and Management Team.
- Scalable Business Model.
- Wide and diverse range of product offerings.
- In-house manufacturing facility with equipped machines and processes. Further having in-house Quality Control and Research & Development facility.
- The company's reliance on power sector, for a significant portion of its sales, combined with the challenges of managing a diversified portfolio across multiple industries, could adversely impact the company's revenue, operational efficiency, and overall business performance.
- The company's reliance on government contracts exposes the company to substantial risks, as any regulatory or policy changes could significantly impact project timelines, funding, and the company's ability to secure future contracts. These changes could adversely affect its business operations and financial performance.
- The Company's current operations extend beyond the safety-focused implication of its name, which may cause confusion or misrepresent the full scope of its diverse activities across sectors such as power transmission, solar energy and infrastructure development
- Substantial portion of its revenues has been dependent on few of the company's clients from which the company gets the majority of project on sub-contract basis. The loss of any one or more of the company's major clients would have a material adverse effect on its business operations and profitability.
- The company's contracts are primarily with the government entities. As a result, the working capital cycle is extended, with receivables taking more time to be collected from these entities. Intense competition in the EPC sector, driven by aggressive bidding and price sensitivity, can lead to reduced profit margins and the potential loss of critical contracts. Additionally, financial pressures from well-resourced competitors employing predatory pricing strategies may hinder sustainable business growth and profitability.