Mumbai, April 13 -- The scrip was listed at Rs 83, a 3.75% premium to the initial public offer (IPO) price. The stock is currently down 2% over its listing price.

The counter hit a high of Rs 84.40 and a low of Rs 80.53. About 14.37 lakh shares of the company changed hands at the counter.

Safety Controls & Devices' IPO was subscribed 1.26 times. The issue opened for bidding on 6 April 2026 and it closed on 8 April 2026. The price band of the IPO was fixed between Rs 75 to 80 per share.

The IPO comprised fresh issue of 60,00,000 equity shares. The company intends to utilize the net proceeds for repayment/prepayment, in part or full of certain of borrowings, to meet incremental working capital requirements and for general corporate purpo...