New Delhi, April 8 -- The initial public offering (IPO) of Safety Controls & Devices sailed through on the third and final day of bidding on Wednesday, April 8, following strong demand from the qualified institutional buyers (QIBs) and non-institutional investors (NIIs).

The SME IPO had opened for bidding earlier this week on Monday, April 6. It was booked 33% at the end of the first day and 82% on the second day.

As of 3.25 pm today, Safety Controls & Devices IPO had received bids for 54,00,000 shares as against 44,16,000 shares on offer, resulting in an overall demand of 1.22 times so far.

The QIB segment was booked 1.31 times, the NII quota 2.04 times and the retail portion was booked 70%.

Safety Controls & Devices IPO is a book-bu...