The Msafe Equipments IPO is a BSE SME book-building public issue. The IPO opened for subscription on January 28, 2026 and closed on January 30, 2026. The issue consists of a fresh issue and offer for sale (OFS) with a total size of ₹66.42 crore.
🔍 Msafe Equipments IPO Allotment Status
The Msafe Equipments IPO allotment is expected to be finalized on Monday, February 2, 2026. After the allotment is completed, investors can check their allotment status online through the official registrar portal using PAN, application number, or demat details.
Status: ALLOTMENT PENDING / UPCOMING
Refund initiation and credit of shares to demat accounts are scheduled for February 3, 2026. The equity shares of Msafe Equipments Ltd. are expected to list on the BSE SME platform on February 4, 2026.
📌 Msafe Equipments IPO Details
- Issue Size: ₹66.42 crore
- Price Band: ₹116 – ₹123 per share
- Lot Size: 1,000 shares
- Minimum Retail Investment: ₹2,46,000
- Face Value: ₹10 per share
- Issue Type: Book-Building IPO (Fresh Issue + OFS)
- Listing: BSE SME
- Registrar: Maashitla Securities Pvt. Ltd.
📅 IPO Timeline
| IPO Open Date | Jan 28, 2026 |
| IPO Close Date | Jan 30, 2026 |
| Allotment Date | Feb 2, 2026 |
| Refunds / Demat Credit | Feb 3, 2026 |
| Listing Date | Feb 4, 2026 |
🏢 About Msafe Equipments Ltd.
Msafe Equipments Limited, incorporated in 2019, 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 serves infrastructure, construction, HVAC, MEP, electrical, fire safety, and industrial sectors.
Msafe operates three manufacturing facilities in Greater Noida, Uttar Pradesh, supported by 17 warehouses across multiple Indian states. The company focuses on safety compliance, operational scale, and strong distribution capabilities.
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