Msafe Equipments – IPO
Msafe Equipments – IPO Details
| IPO Date | January 28, 2026 to January 30, 2026 |
| Listing Date | February 4, 2026 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 116 to ₹ 123 / Share |
| Lot Size | 1000 Shares |
| Total Issue Size | 54,00,000 shares (Aggregating up to ₹66 Cr) |
| Fresh Issue | 41,02,000 shares (Aggregating up to ₹50 Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (Aggregating up to ₹12 Cr) |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,60,00,000 shares |
| Share holding post issue | 2,04,00,000 shares |
| Market Maker portion |
Msafe Equipments Timeline (Tentative Schedule)
Msafe Equipments IPO opens on January 28, 2026, and closes on January 30, 2026.
| IPO Open Date | January 28, 2026 |
| IPO Close Date | January 30, 2026 |
| Basis of Allotment | February 2, 2026 |
| Initiation of Refunds | February 3, 2026 |
| Credit of Shares to Demat | February 3, 2026 |
| Listing Date | February 4, 2026 |
| Cut-off time for UPI mandate confirmation | January 28, 2026 |
Msafe Equipments IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | Rs.246,000 |
| Retail (Max) | 2 | 2,000 | Rs.246,000 |
| S-HNI (Min) | 3 | 3,000 | Rs.369,000 |
| S-HNI (Max) | 8 | 8,000 | Rs.984,000 |
| B-HNI (Min) | 9 | 9,000 | Rs.1,107,000 |
| HNI (Min) |
Msafe Equipments IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Msafe Equipments IPO Reservation
Msafe Equipment IPO offers a total of 54,00,000 shares. Out of which 25,42,000 allocated to QIB, - allocated to QIB (Ex- Anchor), 7,74,000 (14.33%) allocated to NII, 17,86,000 (33.07%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | 2,98,000 (5.52%) |
|
| Other Shares Offered | |
|
| QIB Shares Offered | 25,42,000 |
|
| NII (HNI) Shares Offered | 7,74,000 (14.33%) |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 17,86,000 (33.07%) |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 54,00,000 (100.00%) |
Msafe Equipments IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Msafe Equipments
Msafe Equipments Limited, a company incorporated in 2019, is a manufacturer, seller, and lessor of access and height safety equipment, which is essential for working safely at heights.
Its product lineup comprises aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders, and fibre, reinforced plastic (FRP) ladders, which are solutions to the operational and safety requirements of various industries such as construction, maintenance, installation, repair, and infrastructure development.
The Company has three production units located in Greater Noida, Uttar Pradesh and a network of 17 warehouses in different states, including Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal. These units are key to providing efficient storage, shipping, and receiving of products for both sales and rentals.
In the fiscal year 2025, Msafe has distributed its products to 22 States and 3 Union Territories, catering to client needs across construction, HVAC, MEP, electrical works, fire safety, interiors, and warehousing sectors.
The workforce of the Company as of June 30, 2025, comprised 299 permanent employees and 28 contractual employees, who contributed to the Company's smooth operations and extended its reach nationwide.
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 67.97% |
| ROCE | 34.56% |
| Debt/Equity | |
| RoNW | 50.73% |
| P/BV | 7.67 |
| PAT Margin (%) | 18.24% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.13 | 6.38 |
| P/E (x) | 15.12 | 19.28 |
Note:
- The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025, available in RHP.
Objects of the Issue (Msafe Equipments IPO Objectives)
Msafe Equipments Contact Details
Msafe Equipments Ltd F-311, 3rd Floor Aditya Arcade Plot No. 30 Community Center, Preet Vihar, East Delhi New Delhi, New Delhi, 110092
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Msafe Equipments IPO Registrar
Maashitla Securities Pvt.Ltd.
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