Msafe Equipments IPO Details
Msafe Equipments IPO Summary
Msafe Equipments IPO opens for subscription on 28 Jan 2026 and closes on 30 Jan 2026.The IPO will be listed on BSE with the tentative listing date set for 04 Feb 2026.
Msafe Equipments IPO price band has been fixed at ₹116 – ₹123 per share. The face value is ₹10 per share with a lot size of 1000.
Msafe Equipments IPO total issue size comprises 54,00,000 shares (aggregating up to ₹66.42 Cr). This includes a fresh issue of 54,00,000 shares (aggregating up to ₹66.42 Cr). Offer for Sale consists of 10,00,000 shares (aggregating up to ₹12.30 Cr). Pre-issue shareholding stands at 1,60,00,000, which will increase to 2,04,00,000 post-issue.
Msafe Equipments IPO carries a ₹21 (17.07%) GMP, reflecting investor sentiment.
Msafe Equipments IPO Lot Size :Individual Minimum is 2 lots (2,000 shares) amounting to ₹246,000. Individual Maximum is 2 lots (2,000 shares) amounting to ₹246,000. SHNI Minimum is 3 lots (3,000 shares) amounting to ₹369,000. SHNI Maximum is 8 lots (8,000 shares) amounting to ₹984,000. BHNI Minimum is 9 lots (9,000 shares) amounting to ₹1,107,000.
The Lead Managers for Msafe Equipments IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Seren Capital Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Evermore Share Broking Pvt Ltd. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Msafe Equipments Limited RHP.
Msafe Equipments IPO Details
Msafe Equipments IPO Subscription
Msafe Equipments IPO Application Wise Breakup
Msafe Equipments IPO Dates
- 28 Jan 2026Opening dateOpen
- 30 Jan 2026Closing dateClose
- 02 Feb 2026Allotment Date Allotment
- 03 Feb 2026Initiation of RefundsRefund
- 03 Feb 2026Credit of SharesCredit
- 04 Feb 2026Listing dateListing
Msafe Equipments IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 2000 | ₹246,000 |
| Individual Maximum | 2 | 2000 | ₹246,000 |
| SHNI Minimum | 3 | 3000 | ₹369,000 |
| SHNI Maximum | 8 | 8000 | ₹984,000 |
| BHNI Minimum | 9 | 9000 | ₹1,107,000 |
Msafe Equipments IPO Reservation
Promoter Holding
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Msafe Equipments IPO Valuations
Msafe Equipments Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 87.67 | 73.59 | 48.19 | 33.54 |
| Total Income | 49.07 | 71.62 | 48.34 | 29.71 |
| Profit After Tax | 10.50 | 13.01 | 6.55 | 3.65 |
| EBITDA | 19.21 | 26.08 | 15.12 | 9.19 |
| NET Worth | 36.15 | 25.65 | 12.64 | 6.09 |
| Reserves and Surplus | 20.15 | 24.65 | 11.64 | 5.09 |
| Total Borrowing | 37.67 | 32.56 | 25.87 | 20.37 |
| Amount in ₹ Crore | ||||
About Msafe Equipments IPO
Incorporated in 2019, Msafe Equipments Limited is engaged in the manufacturing, sale, and rental of access and height-safety equipment used for safe working at heights. The Company provides solutions supporting construction, maintenance, installation, repair, and infrastructure development activities.
The Company’s product portfolio includes aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders, and fibre reinforced plastic (FRP) ladders, catering to operational and safety requirements across multiple industries such as construction, HVAC, MEP, electrical works, fire safety, interiors, and warehousing.
Msafe Equipments Limited operates three manufacturing facilities located in Greater Noida, Uttar Pradesh. These facilities are supported by a network of 17 warehouses across states including Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal, enabling efficient storage, dispatch, and collection of products for both sales and rental operations.
During Fiscal 2025, the Company supplied products across 22 States and 3 Union Territories, reflecting its nationwide operational footprint.
As of June 30, 2025, the Company employed 299 permanent employees and 28 contractual employees, supporting its manufacturing, logistics, sales, rental, and administrative functions.
Strength Of Msafe Equipments IPO
- Multi-Model Source of Revenue through Product Sales and Rental Services.
- In-House Manufacturing facilities supported by quality certifications.
- Well diversified customer base spread across various industries & geography.
- Experienced Promoters and management team having domain knowledge.
Risk Of Msafe Equipments IPO
- The company's business is significantly dependent on the performance of the construction and infrastructure sector, and any slowdown or adverse developments in these sectors may adversely affect its business, financial condition, results of operations and cash flows.
- The company deriveds a significant portion of its revenue from the sale and rental of the company's key product i.e. Aluminium Scaffolding. Any decline in the sale or rental services of its key offering could have an adverse effect on the company's business, results of operations and financial condition.
- The company does not have long-term agreements with its customers, and the company's revenues are dependent on purchase orders or work orders, which may not be renewed in the future.
- The object of the Offer relating to expansion of its rental segment is based on estimates and assumptions and the actual cost and implementation may vary from those disclosed.
- A significant portion of its revenue is derived from the company's rental business, and any decline in rental demand, changes in customer preferences or adverse developments in its rental operations may adversely affect the company's business, financial condition, results of operations and cash flows.
- The company's products are used in elevated-work environments with inherent safety risks, and any accidents or safety incidents involving its scaffoldings or ladders could expose the company to claims, litigation, regulatory action or reputational harm.
- The company has recently commenced in-house manufacturing of scaffoldings and ladders, and given the company's limited operating history in manufacturing, the company may faces challenges that could adversely affect its business, financial condition, results of operations and future growth prospects.
- The company is significantly dependent on a limited number of suppliers for procurement of its raw materials, with which the company does not have any long term agreements and any disruption in supply or volatility in raw material prices may adversely affect its business, financial condition, results of operations and cash flows.
- There are outstanding legal proceedings involving the Company. Any adverse decisions could impact its cash flows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on the company's business, prospects, results of operations and financial condition.
- The company's business requires significant investment in equipments and inventories, and any under-utilisation of its rental equipments or inability to efficiently manage inventories could adversely affect the company's profitability, working capital and return on capital employed.
Objectives Msafe Equipments IPO
1. Funding of Capital expenditure towards setup of a new Manufacturing Facility.
2. Funding of Capital expenditure for manufacturing of equipments for Rental purpose.
3. Utilization towards working capital requirements.
4. General corporate purposes
Company Contact Details
Msafe Equipments Ltd.
F-311, 3rd Floor
Aditya Arcade Plot No. 30
Community Center, Preet Vihar, East Delh
New Delhi, New Delhi, 110092
Phone: +91-88822 07104
Email: info@msafegroup.com
Website: http://www.msafegroup.com/
Registrar Contact Details
Msafe Equipments FAQs
The Msafe Equipments IPO is a SME public issue comprising 5400000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹66.42 Cr. The issue price has been fixed at ₹123 per equity share, and the minimum application size is 1000 shares.
The IPO opens for subscription on 28 Jan 2026, and closes on 30 Jan 2026.
Maashitla Securities Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹21 (17.07%).
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