Safety Controls IPO Subscribed 1.28 Times on Day 3

Safety Controls and Devices Limited's initial public offering (IPO) closed its three-day subscription window at 1.28 times overall subscription by 4:54 PM on Day 3 (April 8, 2026). The ₹48 crore book-build issue, priced at ₹75 to ₹80 per share, received bids for 52,49,600 shares against 41,12,000 shares on offer, with total applications reaching 634.

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Subscription Status of Safety Controls IPO

Here are the subscription details for Safety Controls  Day 3, as of 5:04 PM:

Key Highlights – Day 3

• Overall subscription reached 1.28 times, improving from Day 2's 0.82 times, with institutional demand crossing full subscription on the final day.
• Non-institutional investors led at 2.45 times, building from Day 2's 2.24 times, with bNII at 3.37 times against sNII's subdued 0.61 times.
• Qualified institutional buyers (ex-anchor) crossed full subscription at 1.31 times, improving from Day 2's 0.31 times.
• Individual investors improved to 0.76 times from Day 2's 0.53 times, though participation remained below full subscription.
   

Key Highlights – Day 2

• Overall subscription reached 0.82 times, improving from Day 1's 0.33 times.
• Non-institutional investors crossed full subscription at 2.24 times, surging from Day 1's 0.18 times, with bNII at 3.33 times and sNII at 0.08 times.
• Individual investors improved marginally to 0.53 times from Day 1's 0.46 times.
• Qualified institutional buyers (ex-anchor) improved to 0.31 times from Day 1's 0.21 times.

Key Highlights – Day 1

• Overall subscription reached 0.33 times on Day 1 (April 6, 2026), reflecting moderate initial investor interest in this EPC contractor SME IPO.
• Individual investors showed the strongest opening participation at 0.46 times on Day 1.
• Non-institutional investors recorded 0.18 times, with bNII at 0.24 times and sNII at 0.04 times on Day 1.
• Qualified institutional buyers (ex-anchor) showed subdued participation at 0.21 times on Day 1.
• Anchor investors fully subscribed their allocation of ₹12.67 crores on April 2, 2026.

About Safety Controls and Devices Limited

Incorporated in June 2015 and based in Lucknow, Uttar Pradesh, Safety Controls and Devices Limited is an EPC contractor specialising in substations, solar plants, firefighting equipment, and hospital construction for the Ministry of Ayush. The company primarily serves government entities including state and central government power utilities, private power entities, and renewable energy developers, and operates 19 substations. It is ISO 9001:2015 certified and has completed turnkey projects for 30 years.