Safety Controls & Devices IPO Day 2 Subscription Status
By HDFC SKY | Published at: Apr 7, 2026 05:09 PM IST
Safety Controls & Devices IPO shows uneven traction at 0.75x on Day 2, with NII demand standing out while broader participation builds gradually as of April 7, 2026.
Mumbai, April 7: Safety Controls & Devices IPO, a ₹48 crore bookbuilding issue, has moved through its second day with a distinctly mixed response. The issue opened on Monday and is set to close on Wednesday. The price band has been fixed at ₹75 to ₹80 per share, with a lot size of 1,600 shares.
The build-up in demand is visible, but it is not evenly distributed. Some pockets are clearly more active than others.
Safety Controls & Devices IPO Day 2 Subscription Status
As of April 7, 2026, 4:09 PM (Day 2), the IPO has been subscribed 0.75 times.
The overall number remains below full subscription, yet the underlying trend shows a sharper rise in selective segments as the session progressed.
Category-wise Safety Controls & Devices IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares Bid For |
| QIB (Ex Anchor) | 0.31 | 12,00,000 | 3,74,400 |
| NII (HNI) | 1.91 | 8,64,000 | 16,51,200 |
| bNII (> ₹10L) | 2.84 | 5,76,000 | 16,35,200 |
| sNII (< ₹10L) | 0.06 | 2,88,000 | 16,000 |
| Retail | 0.53 | 20,48,000 | 10,75,200 |
| Total | 0.75 | 41,12,000 | 31,00,800 |
There is a clear divergence.
The NII segment, at 1.91 times, is doing most of the heavy lifting. Within that, the bNII portion has moved decisively to 2.84 times, pointing to concentrated high-value bids.
Retail interest, at 0.53 times, is present but measured. QIB participation, at 0.31 times, remains relatively muted at this stage.
Safety Controls & Devices Day’s Wise Subscription Summary
The shift between Day 1 and Day 2 is visible, though not uniform.
| Date | QIB (x) | NII (x) | Retail (x) | Total (x) |
| Apr 6 (D1) | 0.21 | 0.18 | 0.46 | 0.33 |
| Apr 7 (D2) | 0.31 | 1.91 | 0.53 | 0.75 |
A sharper rise in NII demand has lifted the overall subscription, while other categories continue to build at a steadier pace.
Safety Controls & Devices IPO Timeline
| Event | Date |
| Issue Open Date | April 6, 2026 |
| Issue Close Date | April 8, 2026 |
| Basis of Allotment | April 9, 2026 |
| Initiation of Refunds | April 10, 2026 |
| Credit of Shares | April 10, 2026 |
| Listing Date | April 13, 2026 |
Brief Overview Of The IPO
The IPO comprises a fresh issue of 60.00 lakh shares aggregating to ₹48 crore. At the upper price band, a minimum retail investment stands at ₹2,56,000 for two lots.
The allocation mix places 48.88 percent with qualified institutional buyers, 15.17 percent with non-institutional investors, and 35.96 percent with retail investors.
Safety Controls & Devices operates in the industrial safety and control systems segment. Its shares are proposed to be listed on the BSE SME platform.
One trading session remains. The pace and spread of participation across categories will determine how the book shapes up by close.
Source:
https://www.nseindia.com/market-data/all-upcoming-issues-ipo
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