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Msafe Equipments Limited IPO

FPSMEBSEListed
Listed at
144
+17.07%

Msafe Equipments Limited IPO is a SME fixed price IPO. Issue size is 66 Cr. Price band is ₹116 to ₹123 per share. Minimum investment is ₹2.46 L. Lot size is 1000 shares. Open from 28 Jan 2026 to 30 Jan 2026. Allotment on 2 Feb 2026. Listing on 4 Feb 2026 at BSE. Managed by Seren Capital Pvt.Ltd.. Registrar: Maashitla Securities Private Limited. Key details for GMP, subscription, price, allotment, and listing in one place.

Official documents: RHP and DRHP.

Msafe Equipments Limited IPO overview

Msafe Equipments Limited IPO Key figures

Price band, lot, minimum application, and issue window at a glance.

Price band
₹116 to ₹123
Lot size
1000 shares / lot
Min investment
₹2,46,000
Issue open – close
28 Jan 2026 → 30 Jan 2026

Msafe Equipments Limited IPO important dates

Issue Opens
28 Jan 2026
Issue Closes
30 Jan 2026
Allotment
2 Feb 2026
Listing
4 Feb 2026

Msafe Equipments Limited IPO lot size

CategoryLotsSharesAmount
Retail (Min)22,0002,46,000
S-HNI (Min)33,0003,69,000
S-HNI (UPI)44,0004,92,000
S-HNI (Max)88,0009,84,000
B-HNI (Min)99,00011,07,000

About Msafe Equipments Limited IPO

From the company / RHP narrative.

Incorporated in 2019, Msafe Equipments Limited is engaged in the manufacturing, sales, and rental of access and height-safety equipment used for safe working at heights.
Its product portfolio includes aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders, and fibre reinforced plastic (FRP) ladders, catering to operational and safety needs across construction, maintenance, installation, repair, and infrastructure development activities.
The Company operates three manufacturing facilities in Greater Noida, Uttar Pradesh, supported by a network of 17 warehouses across multiple states including Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal. These facilities enable efficient storage, dispatch, and collection of products for both sales and rentals.
During Fiscal 2025, Msafe supplied products across 22 States and 3 Union Territories, serving diverse client requirements in sectors such as construction, HVAC, MEP, electrical works, fire safety, interiors, and warehousing.
As of December 31, 2025, the Company employed 350 permanent staff and 66 contractual employees, ensuring operational efficiency and nationwide reach.

Objective of the issue

How the issuer plans to use IPO proceeds.

Funding of Capital expenditure towards setup of a new Manufacturing Facility.
Funding of Capital expenditure for manufacturing of equipments for Rental purpose.
Utilization towards working capital requirements.
General corporate purposes
Msafe Equipments Limited IPO FAQs
A quick overview of key terms, dates, and how to track this IPO.

Documents & links

Prospectus, draft filings, and company site open in a new tab.

Registrar

Details about the registrar of the issue.

Registrar Name
Maashitla Securities Private Limited
Phone
4512179596
Address
451, Krishna Apra Business Square Netaji Subhash Place Pitampura, Delhi, 110034

Issue details

Key details about the issue, including the face value, lot size, and minimum investment.

Issue Type
FP
Face Value
₹10 per share
Lead Managers
Seren Capital Pvt.Ltd.
Min Quantity
2,000
Company Promoters
Pradeep Aggarwal,Ajay Kumar Kanoi,Vansh Aggarwal,Rushil Agarwal,Gaurav Ajay Kumar Kanoi,Rajani Ajay Kanoi,Monika Aggarwal are the company promoters.
Phone
91-88822 07104
Address
F-311, 3rd Floor Aditya Arcade Plot No. 30 Community Center, Preet Vihar, East Delh New Delhi, New Delhi, 110092

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