Msafe Equipments BSE SME
Msafe Equipments IPO open date is January 28, 2026 and the IPO will close on January 30, 2026. Msafe Equipments IPO is a Book Build Issue. The company to raise around ₹66.42 crores via IPO that comprises fresh issue of ₹54.12 crores and offer for sale up to 10,00,000 equity shares with face value of ₹10 each.
Msafe Equipments IPO price band is ₹116 to ₹123 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Msafe Equipments IPO to list on BSE SME on February 4, 2026. The allotment of Msafe Equipments IPO date is February 2, 2026.
The company reported revenue of ₹71.62 crores in 2025 against ₹48.34 crores in 2024. The company reported profit of ₹13.01 crores in 2025 against profit of ₹6.55 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.
About Company
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 product portfolio includes aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders, and FRP ladders, catering to construction, maintenance, installation, repair, and infrastructure activities.
The company operates three manufacturing facilities in Greater Noida, Uttar Pradesh, supported by a network of 17 warehouses across states such as Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal, enabling efficient nationwide sales and rental operations.
The business follows a dual revenue model, generating income through product sales as well as rental services, which helps smoothen demand cycles.
During FY 2025, the company supplied products across 22 States and 3 Union Territories, serving sectors including construction, HVAC, MEP, electrical works, fire safety, interiors, and warehousing.
As of June 30, 2025, the company employed 299 permanent employees and 28 contractual staff, supporting operations and pan-India reach.
Strength
Multi-model revenue stream through both sales and rental of height-safety equipment.
In-house manufacturing facilities backed by quality certifications ensure product reliability.
Well-diversified customer base across industries and geographies reduces regional concentration risk.
Weakness
Dependence on construction and infrastructure sectors, making the business vulnerable to cyclical slowdowns.
High reliance on aluminium scaffolding, with any decline in demand potentially impacting revenues.
Lack of long-term customer contracts, as revenues depend largely on purchase orders and work orders.
January 28, 2026 – January 30, 2026
| GMP Rumors * | ₹11 |
|---|---|
| Price | ₹116 - ₹123 |
| Lot size | 1000 |
| Issue size | ₹66.42 cr |
| Allotment | Feb 2, 2026 |
| Listing | Mar 4, 2026 |
Msafe Equipments Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2000 | 246000 | 893 |
| sHNI | 3 | 3000 | 369000 | 86 |
| bHNI | 9 | 9000 | 1107000 | 172 |
Msafe Equipments Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 5400000 | 100% |
| QIB | 2542000 | 47.07% |
| HNI | 774000 | 14.33% |
| INDIVIDUAL | 1786000 | 33.07% |
| Market Maker | 298000 | 5.52% |
Msafe Equipments About
IPO Details
| Total Issue Size | 54,00,000 shares (aggregating up to ₹66.42 Cr) |
| Fresh Issue | 44,00,000 shares (aggregating up to ₹54.12 Cr) |
| Offer For Sale | 10,00,000 shares (aggregating up to ₹12.30 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,60,00,000 Equity Shares |
| Share Holding Post Issue | 2,04,00,000 Equity Shares |
| Reserved for Market Maker | 2,98,000 shares (aggregating up to ₹3.66 Cr) |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
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IPO Lead Managers aka Merchant Bankers
- Seren Capital Pvt. Ltd.
Company Address
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/
IPO Registrar
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: investor.po@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues