Safety Controls BSE SME Debut Sees Early Gains, Followed by Profit Booking

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Listing Day April 13

Safety Controls & Devices listed on BSE SME on April 13, 2026. The IPO GMP was ₹0 ahead of listing, indicating no speculative demand or expected listing premium.

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IPO Subscription Numbers

The IPO was subscribed 1.28 times overall. NIIs subscribed 2.45x, QIBs 1.31x, while retail investors came in subdued at 0.76x of their reserved quota.

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IPO Details at a Glance

The ₹48 crore IPO was a 100% fresh issue of 60 lakh shares at a price band of ₹75–₹80 per share, listed exclusively on BSE SME EMERGE platform.

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Use of IPO Proceeds

Funds will be used for repayment of outstanding borrowings, meeting working capital requirements, and general corporate purposes to strengthen the company's financial position.

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About Safety Controls & Devices

Incorporated in 2015, Safety Controls & Devices is a Lucknow-based EPC company executing turnkey projects in power substations, solar energy, EV charging infrastructure, fire protection systems, and hospital construction.

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With Our Subscription Plans

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Safety Controls BSE SME Debut Sees Early Gains, Followed by Profit Booking

Listing Day April 13 Safety Controls & Devices listed on BSE SME on April 13, 2026. The IPO GMP was ₹0 ahead of listing, indicating no speculative demand or expected listing premium.

IPO Subscription Numbers The IPO was subscribed 1.28 times overall. NIIs subscribed 2.45x, QIBs 1.31x, while retail investors came in subdued at 0.76x of their reserved quota.

IPO Details at a Glance The ₹48 crore IPO was a 100% fresh issue of 60 lakh shares at a price band of ₹75–₹80 per share, listed exclusively on BSE SME EMERGE platform.

Use of IPO Proceeds Funds will be used for repayment of outstanding borrowings, meeting working capital requirements, and general corporate purposes to strengthen the company's financial position.

About Safety Controls & Devices Incorporated in 2015, Safety Controls & Devices is a Lucknow-based EPC company executing turnkey projects in power substations, solar energy, EV charging infrastructure, fire protection systems, and hospital construction.