Msafe Equipments IPO 2026 – Price Band, GMP, Quota & Application Info
Latest Grey Market Premium & IPO Details
Msafe Equipments IPO 2026 – Key Info & Highlights
Msafe Equipments IPO is live in 28-01-2026 with a price band of ₹116–₹123. Explore current GMP trends, minimum lot details, quota allocations, financials, DRHP key points, and ongoing subscription status.
📌 IPO Details
| Company Name | Msafe Equipments IPO |
|---|---|
| Sector / Industry | Industrial Manufacturing / Construction Equipment |
| IPO Open Date | 28-01-2026 |
| IPO Close Date | 30-01-2026 |
| Allotment Date | 02-02-2026 |
| Refund Date | 03-02-2026 |
| Share Credit Date | 03-02-2026 |
| Listing Date | 04-02-2026 |
| Price Band | ₹116 - ₹123 |
| Lot Size | 1000 Shares |
| Min Investment | ₹2,46,000 ( 2 lots Price ) |
| Total Issue Size | ₹66.42 Cr |
| Reserved for Market Maker | ₹3.67 Cr |
| Net Issue Size | ₹62.75 Cr |
| Fresh Issue | ₹50.45 Cr |
| OFS | ₹12.30 Cr |
| IPO Listing At | BSE SME |
| DRHP | View DRHP |
| Issue Type | Book Build Issue |
| Face Value | ₹10 Per Equity Share |
| Promoter Holding Pre IPO | 100.00 % |
| Promoter Holding Post IPO | 73.53% |
| Min Small HNI Lots | 3000 shares (3 lots, ₹3,69,000) |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 33.07% |
| QIB (Qualified Institutional Buyers) | 18.83% |
| Anchor Investors | 28.24% |
| HNI (High Net Worth Individuals) | 14.33% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 04-02-2026 | ₹21.00 | - | ₹144.00 | ₹21000.00 | 04-02-2026 10:00 |
| 03-02-2026 | ₹21.00 | ▲ | ₹144.00 | ₹21000.00 | 03-02-2026 23:00 |
| 02-02-2026 | ₹20.00 | ▼ | ₹143.00 | ₹20000.00 | 02-02-2026 23:57 |
📝 About Msafe Equipments
Incorporated in 2019, Msafe Equipments Limited is an Indian company engaged in the manufacturing, sales, and rental of access and height‑safety equipment designed to ensure safe working conditions at elevated job sites. The company has quickly established itself as a trusted provider of industrial safety solutions across multiple sectors.
Its product portfolio includes aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders, and fibre‑reinforced plastic (FRP) ladders, catering to operational and safety needs across construction, infrastructure development, maintenance, installation, repair, HVAC/MEP, electrical works, fire safety, interiors, and warehousing.
Msafe 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. These facilities enable efficient storage, dispatch, and collection of products for both sales and rental operations. The rental business contributes a significant portion of the company’s revenue, providing clients flexible access to equipment without large upfront investments.
As of June 30, 2025, the company served clients across 22 States and 3 Union Territories and employed 299 permanent staff along with 28 contractual employees, ensuring smooth operations and nationwide reach. With its dual revenue model, extensive distribution network, and focus on quality and safety, Msafe continues to strengthen its presence in the domestic safety equipment market.
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Investor sentiment around the Msafe Equipments Limited IPO is showing steady improvement as investors closely follow key indicators such as IPO GMP today, Msafe Equipments IPO grey market premium, and ongoing IPO GMP today live updates. The company’s established presence in the access and height-safety equipment industry, supported by a wide range of scaffoldings, ladders, and FRP-based safety products, strengthens its appeal within the SME IPO segment.
With the upcoming SME IPO listing, market participants are actively monitoring the IPO subscription status, SME IPO allotment status, and expected listing day performance. Msafe’s sales-and-rental revenue model, manufacturing facilities in Greater Noida, and pan-India warehouse network are considered supportive factors for both near-term listing gains and long-term business expansion.
Msafe Equipments Revised Financials
Profit / Loss & Total Assets (Last 4 Periods)
| Financial Year / Period Ended | Revenue (₹ Cr) | Profit / Loss (₹ Cr) | Total Assets (₹ Cr) |
|---|---|---|---|
| 31 Mar 2023 | 29.71 | +3.65 | 33.54 |
| 31 Mar 2024 | 48.34 | +6.55 | 48.19 |
| 31 Mar 2025 | 71.62 | +13.01 | 73.59 |
| 30 Sep 2025 | 49.07 | +10.50 | 87.67 |
Note: Positive figures indicate profit, while negative figures indicate loss. Total Assets are reported in ₹ Cr.
Msafe Equipments Limited – Objects of Issue
- ₹32.26 Cr – Funding of Capital Expenditure – New Manufacturing Facility – Funds will be used to build and equip a new manufacturing facility to increase production capacity.
- ₹6.00 Cr – Funding of Capital Expenditure – Manufacturing Equipment for Rental Purpose – Investment in additional machinery and equipment for the company’s rental business to enhance recurring revenue.
- ₹8.00 Cr – Utilization towards Working Capital Requirements – Funds to support day‑to‑day operations including raw material purchases, inventory management, and operational expenses.
- Not Specifically Allocated – General Corporate Purposes – Portion of proceeds may be used for strategic initiatives, administrative expenses, and strengthening the company’s operational framework.
Msafe Equipments Limited – Strengths
- Experienced Leadership – Promoters and senior management bring significant experience in the manufacturing, sales, and rental of access and height‑safety equipment, enhancing strategic decision‑making.
- In‑house Manufacturing Capabilities – Owns multiple production facilities enabling scalable and quality‑controlled manufacturing of scaffoldings and ladders.
- Diversified Product Range – Broad portfolio including aluminium and MS scaffoldings, aluminium and FRP ladders catering to varied safety and operational needs.
- Strong Recurring Revenue Model – Established rental business contributes a majority of revenues, providing predictable and stable cash flows.
- Wide Operational Footprint – Pan‑India distribution supported by a network of 17 warehouses and a diverse customer base across sectors like construction, infrastructure, MEP/HVAC, and warehousing.
Msafe Equipments Limited – Key Risks
- Dependence on Rental Business – A large part of the company’s revenue comes from renting equipment. Any drop in demand or usage can affect profits.
- Market Fluctuations – Demand in the construction and industrial sectors can vary, which may impact the company’s sales and profitability.
- Regulatory Changes – New government rules, labor laws, or safety regulations can affect day-to-day operations.
- Operational Challenges – Delays in supply chain, production issues, or equipment breakdowns can disrupt operations and reduce revenue.
- Competition Pressure – Competition from other companies may affect market share, pricing, and profitability.
- Financial Risks – Changes in interest rates, high borrowing, or cash flow issues can put financial pressure on the company.
Msafe Equipments Limited
Manufacturer & Supplier of Access and Height‑Safety Equipment
| Founded in: | 2019 |
|---|---|
| MD/CEO: | Pradeep Aggarwal (Chairman & Managing Director) |
| Address: | F‑311, 3rd Floor, Aditya Arcade Plot No. 30, Community Center, Preet Vihar East Delhi, Delhi 110092, India |
| Website: | www.msafegroup.com |
| Phone: | +91‑8882207104 |
| Email: | info@msafegroup.com |
| Services: | Manufacturing, Sales, Rental & Distribution of Access & Height‑Safety Equipment (e.g., aluminium scaffoldings, MS scaffoldings, ladders, aerial work platforms) |
IPO Quick Info
28 Jan 2026
30 Jan 2026
Upcoming
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Frequently Asked Questions
Msafe Equipments IPO is the company’s public offering to raise funds for expanding manufacturing facilities, rental equipment, working capital, and general corporate purposes.