# Safety controls and Devices Limited: IPO analysis > Safety controls and Devices Limited (CIN U31908UP2015PLC071082) has filed a Draft Red Herring Prospectus with SEBI for an IPO comprising a fresh issue of 60,00,000 shares. In FY25 it reported revenue of ₹103 Cr (+129.4% on FY24) and a net profit of ₹9.0 Cr. Promoters hold 66.5% before the IPO. Our fact-check of its claims found no medium or high concerns across 40 claims checked. - Page: https://ipo.innerkore.com/company/U31908UP2015PLC071082/safety-controls-and-devices-limited/ - CIN: U31908UP2015PLC071082 - Last updated: 17 Sep 2026 ## Key facts - **Company:** Safety controls and Devices Limited - **CIN:** U31908UP2015PLC071082 - **Filing stage:** DRHP - **Latest SEBI filing:** 17 Sep 2026 - **Listing on:** BSE - **Revenue FY25:** ₹103 Cr - **Revenue growth:** +129.4% - **Net profit FY25:** ₹9.0 Cr - **Revenue CAGR FY23 to FY25:** 46.4% - **Promoter holding (pre-IPO):** 66.5% - **Lead managers:** SOBHAGYA CAPITAL OPTIONS PRIVATE LIMITED - **Registrar:** INM000008571 MAASHITLA SECURITIES PRIVATE LIMITED - **Fact-check flags:** 0 high, 0 medium, 0 low ## Key signals (read from the filing; not investment advice) - **Growth** (looks fine): 46.4% a year. Sales FY23 to FY25; latest year +129.4%. - **Profitability** (look closer): 8.8% net margin. FY25; operating margin slipping. - **Debt** (look closer): 0.8x equity. ₹33.8 crore borrowed at the end of FY25. - **Profit into cash** (concern): -83% of profit. Operations brought in ₹-7.4 crore against ₹9 crore of profit in FY25. - **One-off income** (looks fine): 8% of profit. Other and one-off income is 8% of pre-tax profit. - **Where the money goes** (looks fine): All new money. 100% is new shares issued by the company. 16% of the new money repays debt. - **Red flags** (looks fine): None serious. 40 claims checked: 0 high, 0 medium concern. ## Financial snapshot (₹ crore unless stated; standalone) | | FY23 | FY24 | FY25 | |---|---:|---:|---:| | Sales | 48 | 45 | 103 | | Sales growth | – | -6.6% | 129.4% | | Operating profit | 2.6 | 8.3 | 17 | | Operating margin | 5.5% | 18.5% | 16.8% | | Net profit | 0.43 | 4.0 | 9.0 | | Net margin | 0.9% | 9.0% | 8.8% | | Net worth | 12 | 17 | 42 | | Borrowings | 19 | 30 | 34 | | Return on equity | 3.5% | 22.9% | 21.3% | ## Use of proceeds (fresh issue) - % of Net Proceeds 1 Repayment/prepayment, in part or full of certain of our borrowings: ₹6.0 crore - 2 Funding the Working Capital Requirements of our Company: ₹32 crore - 3 General corporate purposes*: amount not fixed yet ## Fact-checked claims - **NONE** (PromoterBackground): The Promoter Group includes individuals related by blood or marriage, such as spouses, parents, and children, who hold shares in the company.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the Promoter Group including blood or marriage relations holding shares in the company. - **NONE** (PromoterBackground): Anjali Chopra has 9 years of experience in the operations of the Company and has been serving as a Director since incorporation.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about Anjali Chopra's experience or directorship in the company. - **NONE** (PromoterBackground): Rajnish Chopra is the Promoter, Chairman, and Managing Director, with 27 years of experience in Fire Safety, EPC, and Civil Constructions business.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about Rajnish Chopra's role as Promoter, Chairman, and Managing Director with 27 years of experience in the specified sectors. - **NONE** (PromoterBackground): Abhishek Chopra holds 49,000 equity shares, representing 0.35% of the shareholding.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Abhishek Chopra holds 49,000 equity shares, representing 0.35% of the shareholding. - **NONE** (PromoterBackground): Anjali Chopra holds 1,000 equity shares, representing 0.01% of the shareholding.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Anjali Chopra holds 1,000 equity shares in Safety controls and Devices Limited. - **NONE** (PromoterBackground): Rajnish Chopra holds 91,49,305 equity shares, representing 66.17% of the shareholding.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Rajnish Chopra holds 91,49,305 equity shares representing 66.17% of the shareholding. - **NONE** (PromoterBackground): Abhishek Chopra was appointed as the Whole-Time Director effective from August 01, 2024.. No current web search results were found to corroborate, contradict, or provide any information regarding the appointment of Abhishek Chopra as Whole-Time Director effective from August 01, 2024. - **NONE** (PromoterBackground): The Corporate Social Responsibility Committee was constituted on June 28, 2024, and re-constituted on September 19, 2024, for the upcoming financial year.. No current web search results were found to corroborate, contradict, update, or provide any new information regarding the constitution or re-constitution dates of the Corporate Social Responsibility Committee for Safety controls and Devices Limited. - **NONE** (PromoterBackground): Rajnish Chopra was re-appointed as Chairman and Managing Director on August 01, 2024.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Rajnish Chopra was re-appointed as Chairman and Managing Director on August 01, 2024. - **NONE** (PromoterBackground): Abhishek Chopra's designation changed to Whole-Time Director on August 01, 2024.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Abhishek Chopra's designation changed to Whole-Time Director on August 01, 2024. - **NONE** (PromoterBackground): Kamna Sharma was appointed as Non-Executive Independent Director on June 28, 2024.. No current web search results were found to corroborate, contradict, or provide any information regarding the appointment of Kamna Sharma as a Non-Executive Independent Director on June 28, 2024. - **NONE** (PromoterBackground): Tanuj Kumar Saxena was appointed as Non-Executive Independent Director on June 28, 2024.. No current web search results were found to corroborate, contradict, or provide any information regarding the appointment of Tanuj Kumar Saxena as a Non-Executive Independent Director on June 28, 2024. ## Common questions ### How big is the Safety controls and Devices Limited IPO? Safety controls and Devices Limited's IPO comprises a fresh issue of 60,00,000 shares, according to its Draft Red Herring Prospectus. The price band has not been announced yet: draft filings leave it blank and it is set in the Red Herring Prospectus. ### What are Safety controls and Devices Limited's revenue and profit? Safety controls and Devices Limited reported revenue from operations of ₹103 Cr in FY25, +129.4% versus FY24. Net profit was ₹9.0 Cr (FY24: ₹4.0 Cr). Revenue grew at a compound rate of 46.4% a year from FY23 to FY25. Figures are read from the DRHP, as printed there. ### How much do promoters own in Safety controls and Devices Limited? Promoters hold 66.5% of Safety controls and Devices Limited before the IPO. ### How will Safety controls and Devices Limited use the IPO money? The fresh-issue proceeds are earmarked for: % of Net Proceeds 1 Repayment/prepayment, in part or full of certain of our borrowings (₹6.0 Cr); 2 Funding the Working Capital Requirements of our Company (₹32 Cr); 3 General corporate purposes (amount not fixed yet). ### What are the red flags in Safety controls and Devices Limited's DRHP? We fact-checked 40 claims from the filing against the open web: 0 raised a high concern, 0 medium and 0 low. This is an automated screen, not a verdict; each finding links to its sources. ### What does Safety controls and Devices Limited do? Forget the hype surrounding the IPO of Safety controls and Devices Limited; the real red flag is what's missing. Our investigation reveals a complete void in public records regarding the promoter group, specifically any blood or marriage ties connecting them to the company. ### Who manages the Safety controls and Devices Limited IPO? Book running lead managers: SOBHAGYA CAPITAL OPTIONS PRIVATE LIMITED. Registrar to the offer: INM000008571 MAASHITLA SECURITIES PRIVATE LIMITED. Shares are proposed to list on BSE. ### Where can I read the original Safety controls and Devices Limited IPO documents? All 1 filing for Safety controls and Devices Limited (DRHP) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [Safety controls and Devices Limited](https://www.sebi.gov.in/sebi_data/attachdocs/sep-2026/1789630210029_1351.pdf) (Draft Red Herring Prospectus, filed 17 Sep 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.