New Delhi. The Rs 48 crore IPO of Safety Controls and Devices, a company working in the engineering, procurement and construction (EPC) sector, was launched for subscription today.
Bidding can be done in this IPO till April. After the closing of the issue, the shares will be allotted on April 9, while the allotted shares will be credited to the demat account on April 10.
The company’s shares may be listed on the SME platform of BSE on April 13. The price band for bidding in this IPO has been fixed at Rs 75 to Rs 80 per share, while the lot size is 1,600 shares.
In this IPO of Safety Controls, retail investors will have to bid for two lots i.e. 3,200 shares, for which they will have to invest Rs 2,56,000. Under this IPO, a total of 60 lakh new shares with face value of Rs 10 are being issued.
In this IPO, 48.88 percent share has been reserved for Qualified Institutional Buyers (QIB). Apart from this, 35.96 percent share is reserved for retail investors and 15.17 percent share is reserved for non-institutional investors (NIIs).
Saubhagya Capital Options Private Limited has been appointed as the book running lead manager for this issue, while Manshitala Securities Private Limited has been appointed as the registrar. NNM Securities Private Limited is the market maker of the company.
Talking about the financial condition of Safety Controls and Devices, as per the claim made in the Draft Red Herring Prospectus (DRHP) submitted with the capital market regulator SEBI, its financial health has continuously strengthened.
The company had a net profit of Rs 43 lakh in the financial year 2022-23, which increased to Rs 4.01 crore in the next financial year 2023-24 and jumped to Rs 8.99 crore in the financial year 2024-25. In the current financial year till January 31, 2026, the company has made a net profit of Rs 8.52 crore.
During this period, the company’s revenue receipts also increased with minor fluctuations. It received a total revenue of Rs 49.26 crore in the financial year 2022-23, which decreased to Rs 45.70 crore in the financial year 2023-24 and jumped to Rs 103.50 crore in the financial year 2024-25.
In the current financial year till January 31, 2026, the company has received a revenue of Rs 68.51 crore. During this period, the debt burden on the company also increased continuously.
At the end of the financial year 2022-23, the company had a debt burden of Rs 18.52 crore, which increased to Rs 29.79 crore in the financial year 2023-24 and jumped to Rs 33.84 crore in the financial year 2024-25.
If we talk about the current financial year till January 31, 2026, during this period the debt burden on the company came to the level of Rs 39.18 crore. The company’s net worth also increased during this period.
In the financial year 2022-23, it was at the level of Rs 12.47 crore, which increased to Rs 17.48 crore in 2023-24. Similarly, in 2024-25 the net worth of the company came to the level of Rs 42.17 crore. In the current financial year, by January 31, 2026, it reached the level of Rs 54.47 crore.
The reserves and surplus of the company also increased during this period. In the financial year 2022-23, it was at the level of Rs 2.97 crore, which increased to Rs 6.98 crore in 2023-24.
Similarly, in 2024-25, the reserve and surplus of the company came to the level of Rs 28.87 crore. In the current financial year, by January 31, 2026, it reached the level of Rs 40.64 crore.
Similarly, EBITDA (Earnings before Interest, Taxes, Depreciations and Amortization) was at the level of Rs 2.63 crore in 2022-23, which increased to Rs 8.27 crore in 2023-24 and to Rs 17.27 crore in 2024-25. Whereas in the current financial year, till January 31, 2026, it was at the level of Rs 16.21 crore.
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