Safety Controls & Devices came to market through an SME IPO that opened on 6 April 2026 and closed on 8 April 2026, and the shares listed on 13 April 2026 on BSE SME. The price band was ₹75 to ₹80 per share and one lot was 1600 shares, so the minimum application was ₹1,28,000. The issue size was ₹48 crore. The whole issue was fresh shares, so the money raised went to the company.
Maashitla Securities Pvt.Ltd was the registrar to the issue, and Sobhagya Capital Options Pvt.Ltd was the lead manager.
As of 8 April 2026.
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Safety Controls and Devices Limited, incorporated in June 2015, is an EPC company that focuses on substation, solar, firefighting, and hospital works for the Ministry of Ayush. The company is located in Lucknow, Uttar Pradesh, and works as an engineering company.The company majorly works with government bodies and undertakings, which form a major part of the company’s clientele.
This includes government power bodies, private power bodies, and renewable energy bodies.The company operates 19 substations, and the company is planning to start the works of utility-scale solar and electric vehicle charging stations. The company has the capability to undertake turnkey works for 30 years.The company is certified by AOC Middle East LLC, ISO 9001:2015.As of September 30, 2025, the company employed 75 Permanent employees.
As described in the offer document.
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Rajnish Chopra, Anjali Chopra, Abhishek Chopra. Promoter holding 66.53% before the issue and 46.40% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Safety Controls & Devices IPO was a ₹48 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹75–₹80 per share with a lot size of 1,600 shares; the minimum retail application was 3,200 shares (₹2,56,000). The IPO was open from April 6 to April 8, 2026 and was subscribed 1.35x. Shares listed on BSE SME on April 13, 2026 at ₹83, a 3.8% premium to the issue price of ₹80. Maashitla Securities Pvt. Ltd.
is the registrar. Sobhagya Capital Options Pvt. Ltd. is the book running lead manager.
The price band of Safety Controls & Devices IPO is ₹75 to ₹80 per share.
The lot size of Safety Controls & Devices IPO is 1600 shares.
The minimum investment for Safety Controls & Devices IPO is approximately ₹2,56,000 based on the upper price band.
The allotment date of Safety Controls & Devices IPO is Apr 9, 2026.
You can check Safety Controls & Devices IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Safety Controls & Devices IPO allotment status on Rupix for quick and easy access.
₹75 to ₹80 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,28,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,28,000, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 6 April 2026 and closed on 8 April 2026.
The basis of allotment was published on 9 April 2026 by Maashitla Securities Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 13 April 2026 on BSE SME.
The issue size was ₹48 crore. The fresh issue was 60,00,000 shares (aggregating up to ₹48 crore).