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.
Msafe Equipments IPO 2026 – Dates, Price Band, Lot Size & Full Details
Book Built IPO | BSE SME
IPO Snapshot
28 January 2026
30 January 2026
2 February 2026
4 February 2026 (Tentative)
₹116 to ₹123
1,000 shares
₹66.42 Crore
Bookbuilding IPO
Msafe Equipments IPO Key Details
| Particular | Details |
|---|---|
| IPO Dates | 28 to 30 January 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹116 to ₹123 per share |
| Total Issue Size | 54,00,000 shares (₹66.42 Cr) |
| Market Cap (Pre-IPO) | ₹250.92 Cr |
| Listing At | BSE SME |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh Issue & OFS |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Lead Manager | Seren Capital Pvt. Ltd. |
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Opens | Wednesday, 28 January 2026 |
| IPO Closes | Friday, 30 January 2026 |
| Allotment | Monday, 2 February 2026 |
| Refunds | Tuesday, 3 February 2026 |
| Shares Credited | Tuesday, 3 February 2026 |
| Listing | Wednesday, 4 February 2026 |
IPO Lot Size & Investment Details
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min & Max) | 2 | 2,000 | 2,46,000 |
| S-HNI (Min) | 3 | 3,000 | 3,69,000 |
| B-HNI (Min) | 9 | 9,000 | 11,07,000 |
IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| QIB | 25,42,000 |
| NII (HNI) | 7,74,000 (14.33%) |
| Retail | 17,86,000 (33.07%) |
| Market Maker | 2,98,000 (5.52%) |
| Total | 54,00,000 (100%) |
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.
The company’s product portfolio includes aluminium scaffoldings, mild steel scaffoldings, aluminium ladders, and fibre reinforced plastic (FRP) ladders.
Msafe operates three manufacturing facilities in Greater Noida, Uttar Pradesh, supported by 17 warehouses across multiple states including Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal.
Operational Highlights
- Supplied products across 22 States and 3 Union Territories
- Serves construction, HVAC, MEP, electrical, fire safety and infrastructure sectors
- 299 permanent and 28 contractual employees as of June 30, 2025
Financial Performance (₹ Crore)
| Particular | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total Income | 71.62 | 48.34 | 29.71 |
| Profit After Tax | 13.01 | 6.55 | 3.65 |
| EBITDA | 26.08 | 15.12 | 9.19 |
| Net Worth | 25.65 | 12.64 | 6.09 |
| Total Assets | 73.59 | 48.19 | 33.54 |
| Total Borrowing | 32.56 | 25.87 | 20.37 |
Key Performance Indicators
| KPI | FY 2025 |
|---|---|
| ROE | 67.97% |
| ROCE | 34.56% |
| RoNW | 50.73% |
| PAT Margin | 18.24% |
| EBITDA Margin | 36.55% |
| Price to Book Value | 7.67 |
Promoters
Pradeep Aggarwal, Ajay Kumar Kanoi, Vansh Aggarwal, Rushil Agarwal, Gaurav Ajay Kumar Kanoi, Rajani Ajay Kanoi and Monika Aggarwal.
IPO Registrar
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: investor.po@maashitla.com
IPO Lead Manager
- Seren Capital Pvt. Ltd.
Company Contact Details
Msafe Equipments Ltd.
F-311, 3rd Floor, Aditya Arcade, Plot No. 30,
Community Center, Preet Vihar, East Delhi,
New Delhi – 110092
Phone: +91 88822 07104
Email: info@msafegroup.com
Frequently Asked Questions (FAQ)
What is the Msafe Equipments IPO date?
The IPO opens on 28 January 2026 and closes on 30 January 2026.
What is the price band of Msafe Equipments IPO?
The price band is fixed at ₹116 to ₹123 per share.
What is the minimum investment for retail investors?
Retail investors must apply for at least 2,000 shares amounting to ₹2,46,000.
Where will Msafe Equipments IPO list?
The IPO will be listed on BSE SME.