Msafe Equipments IPO
Msafe Equipments is a BSE SME IPO listed on the BSE SME platform, priced at ₹116–₹123 per share. The stock debuted at ₹144, delivering a listing gain of 17.1%. The IPO had a lot size of ₹1000 shares and a minimum investment of ₹2,46,000.
Msafe Equipments Limited IPO
- IPO Dates
- Jan 28, 2026 – Jan 30, 2026
- Price band
- ₹116-123 per equity share
- Minimum Investment
- ₹2,46,000
- Issue size
- ₹66.42 Cr
- Lot size
- 1000
- Allotment Date
- Feb 2, 2026
- Listing
- Feb 4, 2026
- Listing At
- BSE SME
IPO timeline
-
Jan 28, 2026
Open Date
Completed
-
Jan 30, 2026
Close Date
Completed
-
Feb 2, 2026
Allotment Date
Completed
-
Feb 4, 2026
Listing Date
Completed
Msafe Equipments IPO Subscription Details
View Subscription DetailsMsafe Equipments IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:Msafe Equipments IPO Essentials
Msafe Equipments IPO Details
Msafe Equipments IPO is priced at ₹116-123 per share with a total issue size of 66.42 crore. The IPO has a lot size of 1000 shares and is listed on BSE SME.
- Issue price
- ₹116-123 per equity share
- Lot size
- 1000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 54,00,000 shares(aggregating up to ₹66.42 Cr)
- Total issue size
- 54,00,000 shares
(aggregating up to ₹66.42 crore) - Fresh issue
- 44,00,000 shares
(aggregating up to ₹54.12 crore) - Offer for sale (OFS)
- 10,00,000 shares
(aggregating up to ₹12.3 crore) - Listing at
- BSE SME
- List price
- 144.0
- Listing date
- Registrar
- Maashitla Securities Pvt.Ltd.
- Lead manager
-
Seren Capital Pvt.Ltd.
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 2000 | ₹2,46,000 |
| Individual(max) | 2 | 2000 | ₹2,46,000 |
| sHNI(min) | 3 | 3000 | ₹3,69,000 |
| sHNI(max) | 8 | 8000 | ₹9,84,000 |
| bHNI(min) | 9 | 9000 | ₹11,07,000 |
Msafe Equipments IPO Reservation
Msafe Equipments IPO reservation details show category-wise allocation of shares. Out of the total 5400000 shares, approximately 18.83% are reserved for QIB, 14.33% for NII, 33.07% for retail investors, 5.52% for market maker, and 28.24% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1525000 (28.24%) | |
| Market Maker Shares Offered | 298000 (5.52%) | |
| QIB Shares Offered | 1017000 (18.83%) | |
| NII (HNI) Shares Offered | 774000 (14.33%) | |
| bHNI > ₹10L | 516000 (9.39%) | 172 |
| sHNI < ₹10L | 258000 (4.85%) | 86 |
| Individual Shares Offered | 1786000 (33.07%) | 893 |
| Total Shares Offered | 5400000 (100%) |
Msafe Equipments IPO Analytics
Msafe Equipments IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Msafe Equipments IPO Subscription Status
Msafe Equipments IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 166.81x, indicating strong demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
Individual | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 10,17,000 |
7,74,000
5,16,000
2,58,000
|
17,86,000 | 35,77,000 |
|
Day 1
28-01-26 05:00 PM
|
0.80 x |
3.46x
3.72x
2.95x
|
2.78 x | 2.37 x |
|
Day 2
29-01-26 05:00 PM
|
0.81 x |
27.04x
31.86x
17.39x
|
15.15 x | 13.65 x |
|
Day 3
30-01-26 05:00 PM
|
117.97 x |
308.61x
381.43x
162.98x
|
133.16 x | 166.81 x |
|
Day 4
02-02-26 05:00 PM
|
117.97 x |
308.61x
381.43x
162.98x
|
133.16 x | 166.81 x |
|
Total No. of Applications
|
bHNI | sHNI | Individual |
|---|---|---|---|
| 152725 (Approx) | 122.65x | 146.71x | 133.16x |
Msafe Equipments Valuations
Earnings
- EPS Pre IPO
- ₹8.13/-
- EPS Post IPO
- ₹10.29/-
- P/E Pre IPO
- 15.12
- P/E Post IPO
- 11.95
Returns
- ROE
- 67.97%
- ROCE
- 34.56%
- RoNW
- 50.73%
- PAT Margin
- 18.24%
Fundamentals
- Price / Book
- 7.67
- Market Cap
- 250.92 Cr.
Msafe Equipments Financials( In Crs.)
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 73.59 | 48.19 | 33.54 |
| Revenue | 71.62 | 48.34 | 29.71 |
| Profit After Tax | 13.01 | 6.55 | 3.65 |
| Net Worth | 25.65 | 12.64 | 6.09 |
| Reserves & Surplus | 24.65 | 11.64 | 5.09 |
| Total Borrowing | 32.56 | 25.87 | 20.37 |
Msafe Equipments Company & Offer Insights
About Msafe Equipments
Incorporated in the year 2019, the company, Msafe Equipments Limited, is into the manufacturing, selling, and hiring of access, as well as height safety equipment for safe working at heights.
Its product offering includes aluminum scaffoldings, mild steel (MS) scaffoldings, aluminum ladders, and fiber-reinforced plastic (FRP) ladders. Such products meet operational and qualitative demands in the context of construction, maintenance, installation, repair, and development.
It has three manufacturing units at Greater Noida, Uttar Pradesh, in addition to a storage network of 17 warehouses covering various states such as Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal. These units work efficiently for storing, dispatching, or collecting the product for any sales or rental transactions.
During Fiscal 2025, their products were marketed in 22 States and 3 Union Territories to meet a multitude of client requirements in areas ranging from construction to interior and storage sectors.
As on June 30, 2025, the Company had 299 permanent employees and 28 contractual employees, which ensured operational efficiency and geographical reach.
Msafe Equipments Promoter(s)
Pradeep Aggarwal, Ajay Kumar Kanoi, Vansh Aggarwal, Rushil Agarwal, Gaurav Ajay Kumar Kanoi, Rajani Ajay Kanoi and Monika Aggarwal are the company's promoters of Msafe Equipments.
Msafe Equipments IPO Issue Objectives
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Contact Information
Contact Details
Msafe Equipments
+91 88822 07104
F-311, 3rd Floor, Aditya Arcade, Plot No. 30, Community Center, Preet Vihar, East Delhi, New Delhi, New Delhi, 110092
Registrar Contact Details
Maashitla Securities Private Limited
+91-11-45121795-96
Frequently Asked Questions
Click any question to reveal the answer
Msafe Equipments IPO is a book-built IPO worth ₹66.42 crore. The price band is ₹116–₹123 per share. The IPO opens on Jan 28, 2026 and closes on Jan 30, 2026. It will be listed on BSE SME Platform. Maashitla Securities Pvt. Ltd. is the registrar.
The price band of Msafe Equipments IPO is ₹116 to ₹123 per share.
The lot size of Msafe Equipments IPO is 1000 shares.
The minimum investment for Msafe Equipments IPO is approximately ₹2,46,000 based on the upper price band .
Msafe Equipments IPO opens on Jan 28, 2026 and closes on Jan 30, 2026.
The allotment date of Msafe Equipments IPO is Feb 2, 2026.
Msafe Equipments IPO is expected to be listed on Feb 4, 2026, on BSE SME Platform.
Msafe Equipments IPO valuation snapshot: P/E 11.95, EPS ₹10.29/-, P/B 7.67, RoNW 50.73%, and market cap 250.92 Cr.
To apply for Msafe Equipments IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Msafe Equipments IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Msafe Equipments IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Msafe Equipments IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Msafe Equipments IPO allotment status on IPO Ji for quick and easy access.