Msafe Equipments IPO Details
The key details of Msafe Equipments’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹66.42 Crores |
| Price Range | ₹116 - ₹123 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2,000 |
| Investment (cut-off price) | ₹2,46,000 |
| Pre IPO Promotor Holding | 100% |
| Post IPO Promotor Holding | 73.53% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Msafe Equipments IPO Timelines
The IPO process for Msafe Equipments includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
28/01/2026
Start Date30/01/2026
End Date03/02/2026
Refund Initiation03/02/2026
Credit of Shares to Demat Ac04/02/2026
Listing DateMsafe Equipments IPO Lot Size
The Msafe Equipments IPO has a fixed lot size of 1,000 shares, at an upper price band of ₹123 per share. For retail investors, the minimum and maximum application is 2,000 shares (2 lots) amounting to ₹2,46,000. For Small HNI (S-HNI) investors, the minimum application is 3,000 shares (3 lots) worth ₹3,69,000, while the maximum is 8,000 shares (8 lots) amounting to ₹9,84,000. Big HNI (B-HNI) investors need to apply for at least 9,000 shares (9 lots), totaling ₹11,07,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2000 | ₹2,46,000 |
| Retail Maximum | 2 | 2000 | ₹2,46,000 |
| S-HNI Minimum | 3 | 3000 | ₹3,69,000 |
| S-HNI Maximum | 8 | 8000 | ₹9,84,000 |
| B-HNI Minimum | 9 | 9000 | ₹11,07,000 |
Msafe Equipments IPO Subscription Status
The subscription status for Msafe Equipments IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 117.97x | 308.23x | 133.16x | -- | 166.72x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Msafe Equipments IPO Company Financials
Msafe Equipments reports robust performance in FY2025 with Total Income of ₹71.62 crores, managing expenses at ₹54.19 crores, and achieving a strong PAT (Profit After Tax) of ₹13.01 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹29.71 | ₹24.83 | ₹3.65 |
| FY 2024 | ₹48.34 | ₹39.58 | ₹6.55 |
| FY 2025 | ₹71.62 | ₹54.19 | ₹13.01 |
About Company
Incorporated in 2019, Msafe Equipments Limited operates in the manufacturing, sales, and rental of access and height safety equipment designed for safe working at heights. The product portfolio comprises aluminium scaffoldings, mild steel scaffoldings, aluminium ladders, and fibre reinforced plastic ladders, supporting construction, maintenance, installation, repair, and infrastructure development activities across multiple industries.
Operations are supported by three manufacturing facilities located in Greater Noida, Uttar Pradesh, along with 17 warehouses spread across states such as Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal. During Fiscal 2025, product supplies reached 22 States and 3 Union Territories, serving sectors including construction, HVAC, MEP, electrical works, fire safety, interiors, and warehousing. As of December 31, 2025, a workforce of 350 permanent employees and 66 contractual staff enabled efficient nationwide operations and service delivery.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2019 | Electricals | Pradeep Aggarwal |
Know Before Investing
Msafe Equipments IPO Strengths
- Msafe Equipments manufactures, sells, and rents aluminium scaffoldings, mild steel scaffoldings, aluminium ladders, and FRP ladders essential for safe elevated work across construction, maintenance, and industrial applications.
- Rental services consistently contribute over 50% of revenues, providing recurring cash flows and smoothing cyclical sales demand through flexible weekly/monthly contracts.
- Supplies products across 22 states and 3 Union Territories through 17 strategically located warehouses enabling efficient logistics, quick delivery, and nationwide customer service.
- Three advanced Greater Noida facilities produce safety-certified equipment with quality control from raw material to finished products, ensuring reliability and customisation capabilities.
- Serves construction, HVAC, MEP, electrical, fire safety, interiors, warehousing, and infrastructure sectors, reducing dependency on any single vertical.
- Dedicated facilities handle storage, inspection, refurbishment, and dispatch critical for rental equipment lifecycle management and high asset utilisation rates.
- 350 permanent and 66 contractual employees ensure production capacity, field service, and 24/7 rental support across India’s major industrial hubs.
Msafe Equipments IPO Risks
- Revenue heavily tied to infrastructure and real estate capex cycles vulnerable to economic slowdowns and project delays.
- Operations depend on spot purchase orders and short-term rentals creating revenue lumpiness and pricing pressure.
- Dominant product line exposes business to shifts in material preferences or competitive pricing disruptions.
- Equipment refurbishment, inspections, and downtime for repairs impact margins and asset utilisation rates in rental fleet.
- Skilled fabricators, rental technicians, and field supervisors face wage inflation and attrition pressures.
- Numerous scaffolding rental/sales players compete aggressively on pricing, especially in metro construction hubs.
- Equipment failures or accidents could trigger legal liabilities, insurance claims, and regulatory penalties despite certifications.
Swot Analysis for Msafe Equipments IPO
Strengths
Premium Scaffolding Manufacturing, Integrated Sales-Rental-Service Model, Modern Greater Noida Facilities
Weaknesses
Labour-Intensive Operations, Rental Asset Depreciation, Import Component Dependence
Opportunities
Infra Capex Supercycle, Renewables Tower Installation, Safety Regulation Tailwinds
Threats
Price Competition, Labour Regulation Risk, Economic Slowdowns
Company 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
Website: http://www.msafegroup.com/
IPO Registar Details
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: investor.po@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
FAQs
The key objectives of Msafe Equipments SME IPO are:
- 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
Seren Capital Pvt. Ltd. is the book-running lead managers for the Msafe Equipments IPO.
Msafe Equipments’ growth potential is driven by rising safety compliance across construction, industrial, and infrastructure projects, increasing demand for certified height safety solutions. Its integrated manufacturing and rental model supports recurring demand, while expanding infrastructure activity in India provides volume visibility despite a fragmented competitive landscape.
The issue price for the Msafe Equipments IPO is set between ₹116 to ₹123 per share.
To invest in two lot of Msafe Equipments IPO, you need ₹2,32,000 at the lower price band (₹116 per share) or ₹2,46,000 at the upper price band (₹123 per share) for a lot size of 2,000 shares.
Msafe Equipments IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on February 4, 2025.
Refund/unblocking of funds for Msafe Equipments IPO will begin on February 3, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Msafe Equipments IPO shares on listing day (February 4, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.