Safety Controls & Devices, an Engineering, Procurement, and Construction (EPC) solutions provider, has successfully raised ₹12.67 crore from anchor investors. This capital infusion comes just days before the company opens its Initial Public Offering (IPO) for public subscription.
IPO Details & Timeline
The company aims to raise a total of ₹48 crore through the issuance of 60 lakh fresh shares. Key details for prospective investors include:
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Public Subscription Opens: April 6, 2026
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Public Subscription Closes: April 8, 2026
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Price Band: ₹75 – ₹80 per share
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Total Issue Size: 60 lakh shares
Market Position & Utilization of Funds
As an EPC solutions provider, Safety Controls & Devices specializes in specialized infrastructure and safety systems. The funds raised through this IPO are expected to be utilized for:
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Working Capital Requirements: To support ongoing and upcoming large-scale projects.
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Debt Repayment: Strengthening the balance sheet by reducing outstanding liabilities.
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General Corporate Purposes: Enhancing operational efficiencies and exploring new market opportunities.
Investment Climate
The timing of the IPO coincides with a broader trend of mid-cap industrial firms tapping into the primary markets. Despite recent global volatility, the anchor investment of ₹12.67 crore indicates steady institutional interest in the infrastructure and EPC services sector.
Investors will be closely watching the subscription levels when the bidding opens on Monday, April 6, as a gauge for domestic appetite for industrial infrastructure stocks.
