Msafe Equipments IPO Details
The Msafe Equipments IPO is a book build issue with a total issue size of ₹66 cr, comprising of fresh issue of 4102000 equity shares., and a offer for sale of 1000000 equity shares. Msafe Equipments IPO opened for subscription on Jan 28, 2026 and closed on Jan 30, 2026. Msafe Equipments IPO is set price band at ₹116 to ₹123 per share, with a lot size of 1000 shares. Minimum investment for Retail investors was ₹246,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Feb 02, 2026, and listed on both the NSE and BSE on Feb 04, 2026.
Maashitla Securities Pvt. Limited has been appointed as the registrar. Seren Capital Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Msafe Equipments IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 116 – 123
- Lot Size
- 1000
- Issue Size
- ₹66 Cr
- Minimum Investment
- ₹246000 (2000 Shares)
- Listing Date
- 04 February 2026
Current GMP
₹21 (+17.07%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Msafe Equipments Limited
Msafe Equipments Limited, incorporated in 2019, is engaged in the manufacturing, sale, and rental of access and height-safety equipment designed to ensure safe working at elevated heights.
The Company’s product portfolio comprises aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders, and fibre-reinforced plastic (FRP) ladders. These products address the operational and safety requirements of customers involved in construction, maintenance, installation, repair, and infrastructure development activities.
Msafe operates three manufacturing facilities located in Greater Noida, Uttar Pradesh. These facilities are supported by a robust logistics infrastructure, including 17 warehouses strategically located across key states such as Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal. This widespread network enables efficient storage, dispatch, and retrieval of products for both sales and rental operations.
During Fiscal 2025, the Company supplied its products across 22 States and 3 Union Territories, catering to a diverse clientele operating in sectors including construction, HVAC, mechanical, electrical and plumbing (MEP), electrical works, fire safety, interior fit-outs, and warehousing.
As of June 30, 2025, Msafe Equipments Limited employed 299 permanent employees and 28 contractual staff, supporting its manufacturing operations, service capabilities, and nationwide presence.
Msafe Equipments IPO Promoters
- Pradeep Aggarwal
- Ajay Kumar Kanoi
- Vansh Aggarwal
- Rushil Agarwal
- Gaurav Ajay Kumar Kanoi
- Rajani Ajay Kanoi
- Monika Aggarwal
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.53%
Msafe Equipments IPO Objective
The Company Msafe Equipments IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding of Capital expenditure towards setup of a new Manufacturing Facility
- Funding of Capital expenditure for manufacturing of equipments for rental purpose
- Utilization towards working capital requirements
- General corporate purposes
Address / Contact Info
Msafe Equipments Ltd.
F-311, 3rd Floor
Aditya Arcade Plot No. 30
Community Center, Preet Vihar, East Delh
New Delhi, New Delhi, 110092
Phone: +91-88822 07104
Email: info@msafegroup.com
Website: http://www.msafegroup.com/
IPO Snapshot
Book Running Lead Managers
- Seren Capital Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Msafe Equipments IPO is a Book-building IPO with a total issue size of ₹66 crore. The Msafe Equipments IPO price band is ₹116 to 123 per share. The Msafe Equipments IPO subscription opens on Wed, Jan 28, 2026, and closes on Fri, Jan 30, 2026. The Msafe Equipments IPO will be listed on the BSE. Maashitla Securities Pvt. Limited is the registrar for the Msafe Equipments IPO.
The Msafe Equipments IPO opens on Wed, Jan 28, 2026 and closes on Fri, Jan 30, 2026
Msafe Equipments IPO Price Band is ₹116 to 123 per share.
Msafe Equipments IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹246000 based on the upper price band
The minimum investment for Msafe Equipments IPO is ₹246000, based on one lot of 1000 shares at the upper price band of ₹123 per share.
Investors can apply for the Msafe Equipments IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Jan 30, 2026. The application amount remains blocked until the Msafe Equipments IPO allotment is finalized.
Msafe Equipments IPO issue size is ₹66 crores.
Msafe Equipments IPO allotment date is Wed, Jul 1, 2026.
The registrar for Msafe Equipments IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Msafe Equipments IPO allotment status, refund processing, and other IPO-related information.
The Msafe Equipments IPO GMP (Grey Market Premium) is ₹21 as of Wed, Feb 4, 2026. Based on the upper price band of ₹123 per share, the estimated Msafe Equipments IPO listing price is ₹144, indicating a potential listing gain of approximately 0% over the issue price.