Msafe Equipments IPO Details
Msafe Equipments
Offer Price₹123 Lot Size1,000 Listing Price ₹144 (17.07% ▲) Subscription166.00x Offer Time28 jan to 30 jan
Listed
Check Allotment Status Msafe Equipments IPO Deatils : GMP, Subscription, Date
- 📄 IPO Details
- 📊 IPO Subscribe
- 📅 Important Date
- 📈 Day Wise Gmp
- 🧮 Day Wise Subscribe
- 📦 Ipo Lot Size
- 🏷️ Ipo Reservation
- 🏢 About Company
- 🎯 Objective of Ipo
- 🚀 Financial Report
Ipo Details
| Field | Details |
|---|
| IPO Date | 28 to 30 Jan, 2026 |
| Listing Date | Wed, Feb 4, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹116 – ₹123 |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 54,00,000 shares (₹66 Cr) |
| Reserved for Market Maker | 2,98,000 shares (₹4 Cr) – Evermore Share Broking Pvt. Ltd. |
| Fresh Issue (Ex Market Maker) | 41,02,000 shares (₹50 Cr) |
| Offer for Sale | 10,00,000 shares (₹12 Cr) |
| Net Offered to Public | 51,02,000 shares (₹63 Cr) |
| Share Holding Pre Issue | 1,60,00,000 shares |
| Share Holding Post Issue | 2,04,00,000 shares |
Subscription
| Anchor | 1.00x |
| QIB | 117.97x |
| NII | 308.01x |
| bNII | 380.85x |
| sNII | 162.31x |
| Individual | 131.81x |
| Total | 166.00x |
Important Date
| Event | Date |
|---|
| IPO Open | Wed, Jan 28, 2026 |
| IPO Close | Fri, Jan 30, 2026 |
| Allotment | Mon, Feb 2, 2026 |
| Refund | Tue, Feb 3, 2026 |
| Credit of Shares | Tue, Feb 3, 2026 |
| Listing | Wed, Feb 4, 2026 |
Day Wise Gmp
| Date | Price | GMP | Sub | Est Price | Profit | Updated |
|---|
| 03-02-2026 | ₹123.00 | ₹19.00 ▼ | 166.00 | ₹142.00 | ₹19000.00 | 00:16 |
| 01-02-2026 | ₹123.00 | ₹26.00 — | 166.00 | ₹149.00 | ₹26000.00 | 23:55 |
| 31-01-2026 | ₹123.00 | ₹26.00 — | 166.00 | ₹149.00 | ₹26000.00 | 23:58 |
| 30-01-2026 | ₹123.00 | ₹26.00 ▲ | 166.00 | ₹149.00 | ₹26000.00 | 23:58 |
| 29-01-2026 | ₹123.00 | ₹23.00 — | 2.37 | ₹146.00 | ₹23000.00 | 00:00 |
Day Wise Subscribe
| Date | Anchor | QIB | NII | BNII | SNII | Total |
| 31 Jan | 1x | 117.97x | 308.01x | 380.85x | 162.31x | 166x |
| 30 Jan | 1x | 117.97x | 308.01x | 380.85x | 162.31x | 166x |
| 29 Jan | 1x | 0.81x | 26.65x | 31.28x | 17.39x | 13.56x |
Ipo Lot Size
| Application | Lots | Shares | Amount (₹) | | Individual Investors (Retail) (Min) | 2 | 2,000 | 2,46,000 |
| Individual Investors (Retail) (Max) | 2 | 2,000 | 2,46,000 |
| S-HNI (Min) | 3 | 3,000 | 3,69,000 |
| S-HNI (Max) | 8 | 8,000 | 9,84,000 |
| B-HNI (Min) | 9 | 9,000 | 11,07,000 |
Ipo Reservation
| Category | Shares | Percentage |
|---|
| Market Maker Shares | 2,98,000 | 5.52% |
| QIB Shares | 25,42,000 | 47.07% |
| Anchor Investor Shares | 15,25,000 | 28.24% |
| QIB (Ex Anchor) | 10,17,000 | 18.83% |
| NII (HNI) | 7,74,000 | 14.33% |
| bNII > ₹10L | 5,16,000 | 9.56% |
| sNII < ₹10L | 2,58,000 | 4.78% |
| Retail | 17,86,000 | 33.07% |
| Total Shares Offered | 54,00,000 | 100% |
About Company
| Particulars | Details |
| Incorporation & Business | 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. |
| Product Portfolio | Aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders, and fibre reinforced plastic (FRP) ladders, catering to construction, maintenance, installation, repair, and infrastructure development activities. |
| Manufacturing & Warehousing Network | Operates three manufacturing facilities in Greater Noida, Uttar Pradesh, supported by a network of 17 warehouses across states including Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal, enabling efficient storage, dispatch, and collection of products for sales and rentals. |
| Geographical Reach | During Fiscal 2025, supplied products across 22 States and 3 Union Territories, serving sectors such as construction, HVAC, MEP, electrical works, fire safety, interiors, and warehousing. |
| Employees | As of December 31, 2025, the Company employed 350 permanent staff and 66 contractual employees, ensuring operational efficiency and nationwide reach. |
Objective of Ipo
| # | Issue Objects | Estimated Amount (₹ Cr.) |
| 1 | Funding of capital expenditure towards setup of a new Manufacturing Facility | 32.26 |
| 2 | Funding of capital expenditure for manufacturing of equipments for rental purpose | 6.00 |
| 3 | Utilization towards working capital requirements | 8.00 |
| 4 | General corporate purposes | — |
Financial Report
| Metric | Value |
|---|
| ROE | 33.98% |
| ROCE | 21.21% |
| RoNW | 29.05% |
| PAT Margin | 21.42% |
| EBITDA Margin | 39.20% |
| Price to Book Value | 5.44 |
