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msafe equipments limited
SMEBSECLOSED

msafe equipments limited IPO

MSAFEISIN: INE2B5L01011
Listed at
144
17.07%

IPO Overview

Msafe equipments limited IPO is a SME public issue offered through a Fixed Price issue with a total issue size of ₹66 Cr. The IPO price band is set at ₹116 to ₹123 per share, and retail investors can apply with a minimum investment of ₹2.46 L as per IPO guidelines.
The Msafe equipments limited IPO opens on 28 Jan 2026 and closes on 30 Jan 2026. The IPO allotment is expected to be finalized on 2 Feb 2026, and the equity shares are proposed to be listed on BSE on 4 Feb 2026.
Investors can refer to the Msafe equipments limited IPO RHP-DRHP for detailed information. The issue is managed by Seren Capital Pvt.Ltd. as the book running lead manager, while Maashitla Securities Private Limited is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.

Price Band
₹116 to ₹123
Issue Size
66 Cr
Lot Size
1000Min 2 Lots
P/E Ratio
15.12x
Min Investment
₹2.46 L

About Company

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.

Investment Objective

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

Important Dates

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

Financial Performance

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IPO Lot Size

CategoryLotsSharesAmount
S-HNI (Min)22,000₹2,46,000
S-HNI (UPI)44,000₹4,92,000
S-HNI (Max)88,000₹9,84,000
B-HNI (Min)99,000₹11,07,000
RHP Document
DHRP Document

Issue Details

Issue Type
FP
Face Value
₹₹10 per share
Lead Managers
Seren Capital Pvt.Ltd.
Min Quantity
2,000
Company Promoters
Pradeep AggarwalAjay Kumar KanoiVansh AggarwalRushil AgarwalGaurav Ajay Kumar KanoiRajani Ajay KanoiMonika Aggarwal are the company promoters.
Website
https://www.msafegroup.com/
Email
info@msafegroup.com
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

Registrar

Registrar Name
Maashitla Securities Private Limited
Email
investor.ipo@maashitla.com
Phone
4512179596
Address
451, Krishna Apra Business Square
Netaji Subhash Place
Pitampura, Delhi, 110034
Website
https://maashitla.com/allotment-status/public-issues

Msafe equipments limited IPO is a public issue in which the company offers its equity shares to investors through the stock exchange. The IPO allows retail investors, HNIs, and institutional investors to participate.

The IPO price band of Msafe equipments limited IPO is ₹116 to ₹123 per share, as mentioned in the issue details.

The minimum investment in Msafe equipments limited IPO is ₹246000, based on the minimum lot size applicable for retail investors.

The lot size of Msafe equipments limited IPO is 1000 shares per lot, and applications must be made in multiples of this lot size.

Msafe equipments limited IPO opens on 28 Jan 2026 and closes on 30 Jan 2026, as per the announced IPO schedule.

The Msafe equipments limited IPO subscription status shows how many times the issue has been subscribed across retail, HNI, and institutional categories during the IPO period.

The Msafe equipments limited IPO GMP (Grey Market Premium) today is around ₹23, reflecting current grey market activity before listing.

Msafe equipments limited IPO GMP is currently positive, indicating prevailing sentiment in the grey market. GMP may change daily based on demand.

A positive Msafe equipments limited IPO GMP may suggest potential listing interest, while actual listing performance depends on subscription levels and overall market conditions.

From a retail investor perspective, Msafe equipments limited IPO is evaluated based on pricing, lot size, subscription trends, and market sentiment. Investors should assess these factors before applying.

The Msafe equipments limited IPO listing date is expected to be 4 Feb 2026, subject to completion of allotment and exchange procedures.

The expected listing price of Msafe equipments limited shares depends on demand, subscription response, GMP trends, and overall market sentiment at the time of listing.

Msafe equipments limited IPO allotment status can be checked online once the allotment process is completed using PAN, application number, or DP ID details.

Msafe equipments limited IPO is categorized as a SME IPO based on the exchange and issue structure.

Yes, Msafe equipments limited IPO subscription figures and GMP may change during the issue period and before listing due to market activity and investor demand.