Msafe Equipments GMP IPO Date, Review, Price, Allotment Details IPO
Msafe Equipments IPO Summary
IPO Open Date: 28 Jan 2026
IPO Close Date: 30 Jan 2026
Price Band: ₹116 to ₹123 Per Share
Issue Size: Approx ₹66.42 Crores
Listing Exchange: BSE SME
Website: http://www.msafegroup.com/
Msafe Equipments IPO Overview
Msafe Equipments IPO is a book build issue of ₹66.42 crores. The issue is a combination of fresh issue of 0.44 crore shares aggregating to ₹54.12 crores and offer for sale of 0.10 crore shares aggregating to ₹12.30 crores.
Msafe Equipments IPO opens for subscription on Jan 28, 2026 and closes on Jan 30, 2026. The allotment for the Msafe Equipments IPO is expected to be finalized on Feb 2, 2026. Msafe Equipments IPO will list on BSE SME with a tentative listing date fixed as Feb 4, 2026.
Msafe Equipments IPO price band is set at ₹116 to ₹123 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,46,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹3,69,000.
Msafe Equipments IPO Details
| Company Name | Msafe Equipments Ltd. |
| IPO Open Date | 28 Jan 2026 |
| IPO Close Date | 30 Jan 2026 |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹116 to ₹123 Per Share |
| Issue Size | Approx ₹66.42 Crores |
| Fresh Issue | Approx ₹54.12 Crores |
| Offer for Sale | Approx 10,00,000 Equity Shares |
| Issue Type | Book Build Issue |
| Listing On | BSE SME |
Msafe Equipments IPO Review & Key Points
NeutralMsafe Equipments IPO Market Lot
The Msafe Equipments IPO minimum market lot is 2,000 shares with ₹2,46,000 application amount.
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹2,46,000 |
| Retail Maximum | 2 | 2,000 | ₹2,46,000 |
| S-HNI Minimum | 3 | 3,000 | ₹3,69,000 |
| S-HNI Maximum | 8 | 9,000 | ₹9,84,000 |
| B-HNI Minimum | 9 | 9,000 | ₹11,07,000 |
Msafe Equipments IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| QIB (Ex. Anchor) | 25,42,000 Shares | 50% |
| NII / HNI | 7,74,000 Shares | 14.33% |
| Retail | 17,86,000 Shares | 33.07% |
Anchor Bidding Date: 27 Jan 2026
Anchor Issue Size: 18.76 Cr.
30 Days Lock-in: 04 Mar 2026
90 Days Lock-in: 03 May 2026
Msafe Equipments IPO Dates & Allotment
The Msafe Equipments IPO date is January 28 and the close date is January 30. The Msafe Equipments IPO allotment will be finalized on February 2 and the IPO listing on February 4.
| IPO Opening Date | 28 Jan 2026 |
| IPO Closing Date | 30 Jan 2026 |
| Bidding Cutoff Time | 5 PM |
| Basis of Allotment | 02 Feb 2026 |
| Refunds Initiation | 03 Feb 2026 |
| Credit to Demat | 03 Feb 2026 |
| IPO Listing Date | 04 Feb 2026 |
Msafe Equipments IPO Objects of the Issue & Utilization of Proceeds
| Description | Amount |
|---|---|
| Funding of Capital expenditure towards setup of a new Manufacturing Facility; | ₹27.20 |
| Funding of Capital expenditure for manufacturing of equipments for rental purpose; | ₹10.00 |
| Utilization towards working capital requirements; and | ₹15.00 |
| General Corporate Purpose | ₹ |
Msafe Equipments Ltd. Financials
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹29.71 | ₹24.83 | ₹3.65 | ₹33.54 |
| 2024 | ₹48.34 | ₹39.58 | ₹6.55 | ₹48.19 |
| 2025 | ₹71.62 | ₹54.19 | ₹13.01 | ₹73.59 |
Msafe Equipments IPO Valuation
Check Msafe Equipments IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Parameter | Value |
|---|---|
| Earnings Per Share (EPS) | ₹8.13 (Basic) |
| P/E Ratio | N/A |
| Return on Equity (ROE) | 67.97% |
| Return on Capital Employed (ROCE) | 34.56% |
| Return on Net Worth (RoNW) | 50.73% |
| Net Asset Value (NAV) | ₹16.03 |
| EBITDA Margin | 36.55% |
| PAT Margin | 18.24% |
Msafe Equipments IPO Peer Group Comparison
| Company | EPS | P/E | RoNW % | NAV | Total Income |
|---|---|---|---|---|---|
| Techno Craft India Industries Limited | 112.32 | 24.60 | 14.84% | 781.69 | 2,595.58 Cr. |
Msafe Equipments IPO Promoters & Holding Pattern
The promoters of the company are Pradeep Aggarwal, Ajay Kumar Kanoi, Vansh Aggarwal, Rushil Agarwal, Gaurav Ajay Kumar Kanoi, Rajani Ajay Kanoi and Monika Aggarwal.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,60,00,000 | 15.12% |
| Promoter Holding Post Issue | 2,04,00,000 | 19.28% |
Msafe Equipments IPO Lead Managers (Merchant Bankers)
- Seren Capital Pvt. Ltd.
About Msafe Equipments Ltd.
Msafe Equipments Private Limited is a leading manufacturer and supplier of high-quality scaffolding and aerial work platforms, dedicated to enhancing workplace safety through innovative engineering. The company specializes in a diverse range of products including aluminum scaffolding towers, mobile work platforms, and specialized ladders tailored for industrial and construction sectors. By adhering to international safety standards, Msafe has established itself as a reliable partner for infrastructure projects and maintenance operations across global markets.
Msafe Equipments Ltd. Address
F-311, 3rd Floor, Aditya Arcade Plot No. 30, New Delhi, 110092Phone: +91-88822 07104
Email: [email protected]
Msafe Equipments IPO Registrar
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues