The Msafe Equipments IPO opened on 28 January 2026. It will close on 30 January 2026. The Total IPO Size is 66 Crores.
Msafe Equipments has set its IPO price at 67-70 Rs per share. They divided IPO into three general categories: 1) QIB, 2) Retail, and 3) NII.
Msafe Equipments are a engaged in the business of manufacturing, sales and rental of access and height-safety equipments, primarily used to facilitate safe working at heights.
The product portfolio includes aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders and fibre reinforced plastic (FRP) ladders, which are designed to meet varied operational and safety requirements across construction, maintenance, installation, repair and infrastructure development activities.
The operations are supported by a network of 21 warehouses located across Assam, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana, Chennai, and West Bengal.
The manufacturing operations through three facilities located within the Industrial Estate of Greater Noida, Uttar Pradesh.
Check:- Upcoming SME IPO 2026
Msafe Equipments IPO Promoter Holding
Pradeep Aggarwal, Ajay Kumar Kanoi, Vansh Aggarwal, Rushil Agarwal, Gaurav Ajay Kumar Kanoi, Rajani Ajay Kanoi and Monika Aggarwal are the Promoters of the company.
Msafe Equipments IPO Date, Details & Price Band
| IPO Opening Dates | 28-January-2026 |
| IPO Closing Dates | 30-January-2026 |
| Price Band | 116-123 Rs |
| Fresh Issue | 54.12 crore |
| Offer for sale | 12.30 crore |
| Total IPO size | 66.42 crore |
| Face Value | 10 INR Per Share |
| Listing On | BSE SME |
| Market Cap | 250.92 Cr |
Msafe Equipments IPO Market Lot
The minimum market lot for the Msafe Equipments IPO is 2,000 shares, with an amount of ₹2,46,000 per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 2 | 2,000 | 2,46,000 Rs |
| Retail Maximum | 2 | 2,000 | 2,46,000 Rs |
| HNI (Min) | 3 | 3,000 | 3,69,000 Rs |
Msafe Equipments IPO: Object of the Issue
1) Funding of Capital expenditure towards setup of a new Manufacturing Facility.
2) Funding of Capital expenditure for manufacturing of equipments for Rental purpose.
3) Utilization towards working capital requirements.
4) General corporate purposes
Restated Financial Information (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | |
| 30-Sep-25 | 87.67 | 49.07 | 10.50 |
| 31-Mar-25 | 73.59 | 71.62 | 71.62 |
| 31-Mar-24 | 48.19 | 48.34 | 6.55 |
Msafe Equipments IPO GMP Grey Market Premium
Msafe Equipments’s IPO GMP (Grey Market Premium) has started today. Check the Latest Msafe Equipments IPO GMP Grey Market Premium, Kostak Rates, and Subject to Sauda Price here.
Msafe Equipments IPO Prospectus
| DRHP | Download |
| RHP | Download |
Msafe Equipments IPO Form Download
Msafe Equipments IPO is available on the BSE Website as well as on our Portal. Please click here, Msafe Equipments IPO Form Download.
Msafe Equipments IPO Allotment Date & Details
| Allotment Date | 02-Feb-2026 |
| Initiation of refunds | 03-Feb-2026 |
| Transfer of shares to Demat accounts | 03-Feb-2026 |
| Listing Date | 04-Feb-2026 |
| Check Allotment Status | Click here |
Registrar of Msafe Equipments IPO
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra, Business Square, Netaji Subhash Place,
Pitampura, Delhi 110034
Tel: 011-47581432
E-mail: [email protected]
Website: www.maashitla.com
Msafe Equipments Contact Details
MSAFE EQUIPMENTS LIMITED
F-311, 3rd Floor, Aditya Arcade Plot No. 30,
Community Center, Preet Vihar, East Delhi 110092
Phone: +91-8882207104
E-mail: [email protected]
Website: www.msafegroup.com
Msafe Equipments IPO Lead Managers
SEREN CAPITAL PRIVATE LIMITED
Office no. 601 to 605, Raylon Arcade, Kondivita,
J.B. Nagar, Mumbai – 400059
Phone: +91-22-46011058
Email: [email protected]
Website: www.serencapital.in
