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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding working capital requirements
Allocation towards incremental working capital requirements for ongoing EPC projects.
General corporate purposes
Funding general corporate expenses and business development initiatives.
Prepayment or repayment of borrowings
Full or partial repayment of outstanding term loans and credit facilities.
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(₹ in Crore)
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Safety Controls and Devices Limited, established in 2015 and headquartered in Lucknow, Uttar Pradesh, operates as an Engineering, Procurement, and Construction (EPC) entity specializing in power transmission and distribution infrastructure. The organization designs, supplies, and installs high-voltage electrical substations operating at capacity levels up to 400 kV across northern India. Beyond power grid infrastructure, the enterprise has expanded its operational footprint into renewable energy development, installing commercial solar power plants, and exploring electric vehicle charging infrastructure. Additionally, the company executes industrial safety projects, including comprehensive fire protection systems, automatic fire alarms, and specialized public facility construction such as healthcare facilities for government bodies. The company primarily secures contracts through competitive tendering issued by state electricity boards, public sector undertakings, and federal ministries. Having transitioned from a long-standing proprietorship founded in 1997 to a public limited company in October 2023, the organization maintains a project execution pipeline across power, renewable energy, and institutional building segments.
Safety Controls & Devices Limited allocated 15,84,000 equity shares at Rs 80 per share to anchor investors, raising Rs 12.67 crore prior to the IPO opening.
Source: RHP • Analysis provided for informational purposes
Last Updated: 4 September 2026, 7:05 AM
Established EPC Capability
Possesses proven experience in constructing high-voltage substations up to 400 kV and delivering complex turnkey electrical infrastructure projects.
Diversified Infrastructure Portfolio
Operates across multiple infrastructure verticals including power transmission, solar generation, firefighting systems, and public healthcare facility construction.
Government Client Relationships
Maintains strong long-term credentials with state utilities, public sector undertakings, and federal ministries through tender-based execution.
Client Concentration Risk
Revenues depend significantly on government contracts and public sector tenders, making operations sensitive to public infrastructure spending cycles.
Working Capital Intensity
EPC contracts involve substantial upfront capital requirements and potential payment release delays from project owners.
Project Execution Delays
Project timelines may be impacted by right-of-way permissions, equipment supply chain delays, or site handover challenges.
Safety Controls and Devices Limited
C-43/28/1, Nawal Kishore Road, Hazratganj, Lucknow, Uttar Pradesh - 226001, India
View on Maps →Maashitla Securities Private Limited
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