Msafe Equipments

Msafe Equipments

LISTED

IPO Date: 28 Jan - 30 Jan 2026

Listing Date: 4 Feb 2026

Price Range

Rs.116 - Rs.123

Issue Size

66 Cr

Min Investment

₹2,32,000

2 lots minimum (SEBI rule for SME)

Min Application

2000 Shares

1000 per lot × 2

View IPO Document

Schedule of Msafe Equipments

Issue open date

28 Jan 2026

Issue close date

30 Jan 2026

UPI mandate deadline

30 Jan 2026 (5 PM)

Allotment finalization

2 Feb 2026

Share credit

3 Feb 2026

Listing date

4 Feb 2026

Mandate end date

14 Feb 2026

Issue size

Funds Raised in the IPOAmount
Overall66 Cr
Fresh Issue54.12 Cr
Offer for Sale12.3 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date2 Feb 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
4 Feb 2026Latest₹123₹21₹144(+17.07%)

Performance Msafe Equipments

Issue PriceListing GainCurrent Market PriceP/L
Rs.116 - Rs.123₹ 144 (17.07%) ₹ 288.5134.55%

About Msafe Equipments

Msafe Equipments is involved in the manufacturing, sale, and rental of access and height-safety equipment used for working at elevated locations. Incorporated in 2019, the company supplies equipment intended to support construction, maintenance, installation, repair, and infrastructure-related activities where safe vertical access is required. The company’s product portfolio includes aluminium scaffoldings, mild steel scaffoldings, aluminium ladders, and fibre-reinforced plastic ladders. Aluminium scaffoldings are offered in configurations such as stairway, narrow-width, extra-reach, podium, cantilever, and bridge sections. Mild steel scaffoldings are used for projects requiring higher load-bearing capacity over longer durations. Ladder offerings include A-type, straight, platform, and cage variants, with aluminium ladders used for mobility-focused tasks and FRP ladders used in electrical applications. Msafe Equipments provides these products through both direct sales and rental arrangements, with rentals available on short- and medium-term durations. The company serves customers across industries in India and operates its sales and rental activities nationwide.

Founded in2019
Managing directorMr Pradeep Aggarwal
Parent organization

Financial Overview

Strengths

5
  1. 1

    In-house manufacturing with a large installed capacity across aluminium and MS products

  2. 2

    Diversified product mix across scaffolding, ladders, and rental solutions

  3. 3

    Strong presence in infrastructure and large construction projects across India

  4. 4

    Established rental model providing recurring revenue visibility

  5. 5

    Expansion plans aligned with the rising demand for access and height-safety equipment

Risks

5
  1. 1

    Business heavily dependent on construction and infrastructure sector cycles

  2. 2

    Delays in land acquisition and approvals may impact new facility setup

  3. 3

    High trade receivables may strain cash flows and liquidity

  4. 4

    Economic slowdowns or global instability can affect demand and profitability

  5. 5

    The business is labour-intensive and may be impacted by labour shortages, wage pressures, or work stoppages.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)117.97
Non-Institutional Investors (NIIs)222.6
Retail Individual Investors (RIIs)131.52
EmployeeN/A
Total153.16