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Msafe Equipments Ltd IPO
BSE SME Bookbuilding IPO Fresh Capital & OFS Closed Live Chart
GMP +₹21 +17.07% Est. Listing ₹144 P&L/Lot +₹21,000
Issue Price
₹123
Face ₹10
GMP
+₹21
+17.07% premium
Est. Listing
₹144
GMP based
Lot Size
1,000
shares / lot
Min Amount
₹123,000
1 lot · 1,000 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
28 Jan 2026
Wed Completed
Done
Close Date
30 Jan 2026
Fri Completed
Done
Allotment
02 Feb 2026
Mon Completed
Done
Refund
03 Feb 2026
Tue Completed
Done
Demat Credit
03 Feb 2026
Tue Completed
Done
Listing Date
04 Feb 2026
Wed Completed
Issue Details
Pricing & Size
Issue Price
₹123 Face ₹10
Lot Size
1,000 shares
Min Investment
₹123,000
Total Issue Size
54,00,000 shares (agg. up to ₹66 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital & OFS
Listing Exchange
BSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
2,98,000 (5.52%)
QIB Portion
25,42,000 (47.07%)
NII / HNI
7,74,000 (14.33%)
Retail
17,86,000 (33.07%)
Employee
-
Net Offer to Public
51,02,000 shares (agg. up to ₹63 Cr
Shareholding Pattern
Pre-Issue Shareholding
1,60,00,000 shares
Post-Issue Shareholding
2,04,00,000 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 2 2,000 ₹2,46,000
HNI / NII 3 3,000 ₹3,69,000
Objects of Issue
4 objectives
1
Funding of Capital expenditure towards setup of a new Manufacturing Facility.
32.26 Cr
2
Funding of Capital expenditure for manufacturing of equipments for Rental purpose.
6.00 Cr
3
Utilization towards working capital requirements.
8.00 Cr
4
General corporate purposes
Lead Managers & Market Maker
Book Running Lead Managers
Seren Capital Pvt.Ltd
Market Maker
Evermore Share Broking Private Limited
IPO Timeline
Open
28 Jan
✓ Done
Close
30 Jan
✓ Done
Allotment
02 Feb
✓ Done
Listing
04 Feb
✓ Done
Registrar Details
Maashitla Securities Pvt.Ltd
SEBI Registered Registrar & Transfer Agent
Phone
+91-11-45121795-96
Email
investor.po@maashitla.com
Company Contact
Email
info@msafegroup.com
Phone
+91-88822 07104
Address
F-311, 3rd Floor Aditya Arcade Plot No. 30 Community Center, Preet Vihar, East Delh New Delhi, New Delhi, 110092
Grey Market Premium
LIVE
Current GMP
+₹21
+17.07% vs Issue Price
Issue Price
₹123
Est. Listing
₹144
Lot Size
1,000 shares
P&L / Lot
+₹21,000
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Msafe Equipments Ltd LIVE
INR ·
vs Issue
Open
High
Low
Mkt Cap
P/E
52W H
52W L
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| Price
Market Reference
IPO Issue Price
₹123
GMP
+₹21 (+17.07%)
GMP Est. Listing
₹144
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 25,42,000 (47.07%) ₹3,126.66 Cr
NII / HNI (Total) 7,74,000 (14.33%) ₹952.02 Cr
Retail Investors 17,86,000 (33.07%) ₹2,196.78 Cr
Total ** 54,00,000 (100.00%) ₹66,420.00 Cr
Market Maker * 2,98,000 (5.52%) ₹36.65 Cr
* Based on ₹123.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
25,42,000 (47.07%)
NII
7,74,000 (14.33%)
Retail
17,86,000 (33.07%)
Market Maker
2,98,000 (5.52%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Crore
Metric30 Sep 202531 Mar 202531 Mar 2024
Revenue49.0771.6248.34
PAT10.5013.016.55
EBITDA19.2126.0815.12
Net Worth36.1525.6512.64
Total Assets87.6773.5948.19
Reserves20.1524.6511.64
Borrowings37.6732.5625.87
Key Financial Ratios
33.98%
ROE
Return on Equity
21.21%
ROCE
Return on Capital Employed
29.05%
RONW
Return on Net Worth
21.42%
PAT Margin
PAT / Revenue
39.20%
EBITDA Mgn
EBITDA / Revenue
5.44
P/BV
Price to Book Value
8.13
Pre EPS
EPS Pre-Issue
10.29
Post EPS
EPS Post-Issue
15.12
Pre P/E
P/E Pre-Issue
11.95
Post P/E
P/E Post-Issue
About Msafe Equipments Ltd

Incorporated in 2019, Msafe Equipments Limited is engaged in the manufacturing, sales, and rental of access and height-safety equipment used for safe working at heights.

Its product portfolio includes aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders, and fibre reinforced plastic (FRP) ladders, catering to operational and safety needs across construction, maintenance, installation, repair, and infrastructure development activities.

The Company operates three manufacturing facilities in Greater Noida, Uttar Pradesh, supported by a network of 17 warehouses across multiple states including Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal. These facilities enable efficient storage, dispatch, and collection of products for both sales and rentals.

During Fiscal 2025, Msafe supplied products across 22 States and 3 Union Territories, serving diverse client requirements in sectors such as construction, HVAC, MEP, electrical works, fire safety, interiors, and warehousing.

As of June 30, 2025, the Company employed 299 permanent staff and 28 contractual employees, ensuring operational efficiency and nationwide reach.

Frequently Asked Questions
What is the issue price of Msafe Equipments Ltd IPO?
The issue price of Msafe Equipments Ltd IPO is ₹123 per share, face value ₹10.
What is the lot size?
Minimum lot size is 1,000 shares, requiring ₹123,000.
What are the IPO dates?
Opens 28 Jan 2026, closes 30 Jan 2026.
When is the listing date?
Tentative listing: 04 Feb 2026 on BSE SME.
What is the current GMP?
Current GMP is +₹21, estimated listing ₹144 (+17.07%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Msafe Equipments Ltd IPO · Expected 02 Feb 2026

Check on Registrar
Post-IPO Timeline
Allotment Date
02 Feb 2026
Refund Initiation
03 Feb 2026
Demat Credit
03 Feb 2026
Listing Date
04 Feb 2026
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹21
+17.07%
Issue Price
₹123
Face ₹10
Lot Size
1,000
shares / lot
Min Amount
₹123,000
1 lot
Est. Listing
₹144
GMP +₹21
Key Dates
Open
28 Jan Done
Close
30 Jan Done
Listing
04 Feb Done
Registrar
Maashitla Securities Pvt.Ltd
A
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