Safety Controls & Devices Ltd. Plans BSE SME IPO Amid Strong Order Book
Safety Controls & Devices Ltd. is set to list on BSE SME on April 13, seeking ₹48 crore to enhance working capital. The company, with a current order book of ₹600 crore, specializes in high-voltage EPC projects for substations up to 765 kV, leveraging partnerships with established OEMs.
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Safety Controls & Devices Ltd. intends to raise ₹48 crore through a BSE SME IPO, aimed at increasing working capital and repaying debt. The company currently holds a ₹600 crore order book, with ₹300 crore unexecuted, indicating a robust demand for high-voltage EPC projects.
Safety Controls partners with Siemens, Hitachi Energy, and Transformer & Rectifier India Ltd. for safety valve production, adhering to CEA guidelines. The firm has shifted focus to central PSUs like NTPC and PowerGrid to mitigate risks associated with state utilities' payment retentions.
Revenue has doubled to ₹102 crore for FY25-26, driven by diversification into EV charging and fire protection. Successful IPO execution could bolster the company’s financial stability and growth prospects in India's expanding power infrastructure market.
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