Safety Controls IPO opens today. Check GMP, price band, subscription and other details

Safety Controls and Devices' Rs 48 crore IPO opened with a flat grey market premium, signaling cautious investor sentiment. The company, an EPC player in substations and solar projects, aims to raise funds for working capital and debt repayment. Despite a solid anchor investor base and government-linked projects, execution risks and SME liquidity are key considerations for potential investors.