Msafe Equipments
BSE SME₹2,46,000 / Individual : 2000 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 30 Jan 2026, 05:57 PM |
| QIBs | 117.97 times |
| NII | 308.61 times |
| Total | 166.81 times |
Msafe Equipments IPO Details
The Msafe Equipments IPO price band is set between ₹116-123 per equity share, with a face value of ₹10 per share. The issue is managed by Maashitla Securities Pvt.Ltd., and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 28 Jan, 2026 and closes on 30 Jan, 2026. Investors can check the allotment status on 2 Feb, 2026, while the listing date is tentatively scheduled for 4 Feb, 2026.
The total issue size is 54,00,000 shares, aggregating up to ₹66.42 crore. Stay tuned for the latest Msafe Equipments IPO review and GMP updates.
Msafe Equipments IPO Review, Rating & Analysis
Msafe Equipments IPO Review
NeutralMsafe Equipments IPO Rating
Msafe Equipments IPO Highlights
IPO Date
Jan 28, 2026 - Jan 30, 2026
Listing Date
4 Feb, 2026
Face Value
₹10 Per Equity Share
Price Band
₹116-123 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Msafe Equipments IPO Lot Size
The minimum market lot for Msafe Equipments IPO is 2000 shares with an application amount of ₹2,46,000. Retail investors can apply for up to 0 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹2,46,000 |
| Retail (Max) | 0 | 0 | ₹0 |
| S-HNI (Min) | 1 | 2000 | ₹2,46,000 |
| S-HNI (Max) | 4 | 8000 | ₹9,84,000 |
| B-HNI (Min) | 5 | 10000 | ₹12,30,000 |
Msafe Equipments IPO Timeline
Issue Price
₹116-123 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Maashitla Securities Pvt.Ltd.Lead Manager
Seren Capital Pvt.Ltd.Issue Size
54,00,000 shares(aggregating up to ₹66.42 crore)Msafe Equipments IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-25 | 73.59 | 71.62 | 13.01 | 25.65 | 24.65 | 32.56 |
| 31-Mar-24 | 48.19 | 48.34 | 6.55 | 12.64 | 11.64 | 25.87 |
| 31-Mar-23 | 33.54 | 29.71 | 3.65 | 6.09 | 5.09 | 20.37 |
In Cr.
Msafe Equipments IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| 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% |
| bNII > ₹10L | 516000 | 9.39% |
| sNII < ₹10L | 258000 | 4.85% |
| Individual Shares Offered | 1786000 | 33.07% |
| Total Shares Offered | 5400000 | 100% |
Msafe Equipments IPO Documents
Msafe Equipments IPO Valuations
EPS Pre IPO
₹8.13/-EPS Post IPO
₹10.29/-PE Pre IPO
15.12PE Post IPO
11.95ROE
67.97%ROCE
34.56%Debt Equity
-RoNW
50.73%PAT Margin
18.24%Price to Book Value
7.67Promoters & Share Holding
Promoter(s) Name
- Pradeep Aggarwal, Ajay Kumar Kanoi, Vansh Aggarwal, Rushil Agarwal, Gaurav Ajay Kumar Kanoi, Rajani Ajay Kanoi and Monika Aggarwal
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 73.53% |
About Company
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 IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 10,17,000 | 7,74,000
5,16,000
2,58,000
| 17,86,000 | 35,77,000 |
Day 128-01-26 05:00 PM | 0.80 x | 3.46
x
3.72 x
2.95 x
| 2.78 x | 2.37 x |
Day 229-01-26 05:00 PM | 0.81 x | 27.04
x
31.86 x
17.39 x
| 15.15 x | 13.65 x |
Day 330-01-26 05:00 PM | 117.97 x | 308.61
x
381.43 x
162.98 x
| 133.16 x | 166.81 x |
Day 402-02-26 05:00 PM | 117.97 x | 308.61
x
381.43 x
162.98 x
| 133.16 x | 166.81 x |
Retail:133.16x
BHNI:122.65x
SHNI:146.71x
Company Contact Details
Msafe Equipments
F-311, 3rd Floor, Aditya Arcade, Plot No. 30, Community Center, Preet Vihar, East Delhi, New Delhi, New Delhi, 110092Registrar Contact Details
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: Investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Frequently Asked Questions about Msafe Equipments IPO
When will Msafe Equipments IPO open for subscription?
The Msafe Equipments IPO opens on 28 Jan, 2026 and closes on 30 Jan, 2026.
What is the investors portion for Msafe Equipments IPO?
The investors' portion for QIB is 117.97 x, NII is 381.43 x, and Retail is 133.16 x.
How to apply for Msafe Equipments IPO?
You can apply for Msafe Equipments IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Msafe Equipments IPO?
The issue size of Msafe Equipments IPO is approx ₹54,00,000 shares(aggregating up to ₹66.42 crore) crores.
What is the price band of Msafe Equipments IPO?
The price band for Msafe Equipments IPO is ₹116 to ₹123 per equity share.
What is the lot size of Msafe Equipments IPO?
The minimum bid (lot size) for Msafe Equipments IPO is 1000 shares with an investment of approx ₹2,46,000 .
What is the allotment date of Msafe Equipments IPO?
The allotment date for Msafe Equipments IPO is 2 Feb, 2026.
What is the listing date of Msafe Equipments IPO?
The listing date for Msafe Equipments IPO is expected to be 4 Feb, 2026.
What is the GMP of Msafe Equipments IPO?
The latest Grey Market Premium (GMP) for Msafe Equipments IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.