Msafe Equipments

Msafe Equipments IPO – Key Details

Msafe Equipments Limited is set to launch its Initial Public Offering (IPO) toward the end of January 2026. The issue will open for subscription on January 28, 2026, and will close on January 30, 2026. This IPO is being offered through the book-building process.

The company plans to raise approximately ₹66.42 crore through the IPO. The issue consists of a fresh issue worth ₹54.12 crore, along with an offer for sale of up to 10,00,000 equity shares. Each equity share has a face value of ₹10. The IPO is proposed to be listed on the BSE SME platform, with a tentative listing date of February 4, 2026. The share allotment is expected to be finalized on February 2, 2026.

Price Band & Reservation Details

The price band for the Msafe Equipments IPO has been fixed between ₹116 and ₹123 per share. The issue allocation is divided among investor categories as follows:

• Qualified Institutional Buyers (QIB): 50%

• Retail Individual Investors (RII): 35%

• High Net-worth Individuals (HNI): 15%

Financial Highlights

In the financial year 2025, Msafe Equipments reported a revenue of ₹71.62 crore, showing significant growth compared to ₹48.34 crore recorded in FY 2024.

The company’s profitability also improved during this period, with a net profit of ₹13.01 crore in FY 2025, compared to ₹6.55 crore in FY 2024. Based on the financial performance and growth trajectory, the IPO may be more suitable for long-term investment consideration.

About Msafe Equipments Limited

Established in 2019, Msafe Equipments Limited operates in the height-safety solutions segment. The company is engaged in the manufacturing, sale, and rental of equipment designed for working at heights.

Its product portfolio includes aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders, and fibre-reinforced plastic (FRP) ladders. These products are primarily used in sectors such as construction, maintenance, installation, repair, and infrastructure development, where worker safety is critical.

Msafe operates three manufacturing units in Greater Noida, Uttar Pradesh, supported by a network of 17 warehouses across states including Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal. These facilities enable efficient storage and distribution for both sales and rental operations.

As of 2025, the company has supplied its products across 22 states and 3 Union Territories, serving clients in industries such as construction, HVAC, MEP, electrical works, fire safety, interior projects, and warehousing.
Msafe Equipments IPO Details

Msafe Equipments IPO Market Lot

The Msafe Equipments IPO minimum market lot is 2,000 shares with ₹2,46,000 application amount.

Msafe Equipments IPO Dates

The Msafe Equipments IPO date is January 28 and the close date is January 30. The Msafe Equipments IPO allotment will be finalized on February 2 and the IPO listing on February 4.

Msafe Equipments IPO Company Financial Report

Amount ₹ in Crores