Msafe Equipments Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Msafe Equipments Ltd IPO

Incorporated in 2019, we are engaged in the business of manufacturing, sales and rental of access and height-safety equipments, primarily used to facilitate safe working at heights. Our product portfolio includes aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders and fibre reinforced plastic (FRP) ladders, which are designed to meet varied operational and safety requirements across construction, maintenance, installation, repair and infrastructure development activities.

Msafe Equipments Ltd IPO Details

Total Shares Offered

₹ 54,00,000

Offer to Public

10,00,000

Retail Max (Shares)

₹ 17,86,000

Pre Issue Promoters Holding

₹ 1,58,60,000

Exchange

BSE

Issue size

₹ 66.42 Cr

IPO Open Date

Jan 28, 2026

Close Date

Jan 30, 2026

Lot Size

2000

Min Investment

₹ 2,32,000

Issue Type

Book Building - SME

Listing Date

Feb 4, 2026

Msafe Equipments Ltd IPO Dates

Jan 28, 2026

Opening date

Jan 30, 2026

Closing date

Feb 2, 2026

Basis of Allotment

Feb 3, 2026

Initiation of Refunds

Feb 3, 2026

Credit of Shares

Feb 4, 2026

Listing date

Details

Sector	Type
Sector	Aluminium and Aluminium Products
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	47.2x	2542000	119979000
NII	308.61x	774000	238868000
Retail	133.16x	1786000	237820000
Employee	0x	0	0
Total	110.49x	5400000	596667000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

47.2x

308.61x

133.16x

110.49x

2542000

774000

1786000

5400000

119979000

238868000

237820000

596667000

Msafe Equipments Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	23.67	13.28	7.94
EBITDA	29.91	17.80	10.98
PAT	13.01	6.55	3.61
Total Assets	33.30	19.67	10.47
Share Capital	1.00	1.00	1.00
Total Borrowings	20.59	15.40	12.43
Operating Activities (Net Cash)	19.25	11.07	6.65
Investing Activities (Net Cash)	0.00	0.60	0.60
Financing Activities (Net Cash)	20.59	15.40	12.43
Net Cashflow	0.54	0.32	0.23

About Msafe Equipments Ltd

Our Company was incorporated on August 19, 2019, under the name of Msafe Equipments Private Limited', a Private limited Company under the provisions of the Companies Act, 2013, pursuant to a Certificate of Incorporation issued by Registrar of Companies, Delhi. Further our Company was converted from private limited to public limited, pursuant to special resolution passed by the shareholders of the Company at the Extraordinary general meeting held on May 19, 2025, and the name of our Company was changed from Msafe Equipments Private Limited to Msafe Equipments Limited vide fresh certificate of incorporation dated May 26, 2025 issued by the Registrar of Companies, Central Processing Centre.

The India Scaffolding Market was valued at INR 7208.97 crores in 2024 and is expected to reach INR 12811.78 crores in 2030, registering a CAGR of 10.06% for the forecast period (2024-2030). This market expansion is anticipated to be driven by a new wave of highway expansions, metro-rail corridors, and industrial-park developments. The India Ladders Market studied was valued at INR 1358.27 crores in 2024 and is expected to reach INR 2233.90 crores in 2030, registering a CAGR of 8.65% for the forecast period (2024-2030).

Peer Comparison:

Technocraft Industries (India) Ltd.

Msafe Equipments Ltd Key Points

Strengths

Multi-Model Source of Revenue through Product Sales and Rental Services.

In-House Manufacturing facilities supported by quality certifications.

Well diversified customer base spread across various industries & geography.

Experienced Promoters and management team having domain knowledge.

Risk

The company's business is significantly dependent on the performance of the construction and infrastructure sector, and any slowdown or adverse developments in these sectors may adversely affect its business, financial condition, results of operations and cash flows.

The company deriveds a significant portion of its revenue from the sale and rental of the company's key product i.e. Aluminium Scaffolding. Any decline in the sale or rental services of its key offering could have an adverse effect on the company's business, results of operations and financial condition.

The company does not have long-term agreements with its customers, and the company's revenues are dependent on purchase orders or work orders, which may not be renewed in the future.

Strategy

Expand our production capabilities by setting up a new manufacturing facility.

Proposed Expansion into Hanging Scaffolding and Ladder Segments.

Focus on consistently meeting quality standards.

How To Apply for Msafe Equipments Ltd IPO Online?

Step 1:

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Msafe Equipments Ltd IPO?

Msafe Equipments Ltd's IPO offers shares for up to 54.12 It begins on Jan 28, 2026 and ends on Jan 30, 2026.

What is the price of the Msafe Equipments Ltd IPO?

The price of Msafe Equipments Ltd IPO ranges between ₹116 to ₹123 per share.

What are the open and close dates for the Msafe Equipments Ltd IPO?

The Msafe Equipments Ltd IPO opens on Jan 28, 2026 and closes on Jan 30, 2026.

When will the Msafe Equipments Ltd IPO be allotted?

The allotment for the Msafe Equipments Ltd IPO will be finalised on Feb 2, 2026. The shares will be listed on BSE and NSE on Feb 4, 2026.

What is the minimum lot size required for Msafe Equipments Ltd IPO?

The minimum lot size for Msafe Equipments Ltd IPO is 2000 shares, priced between ₹116 to ₹123 per share.

What is the GMP of Msafe Equipments Ltd IPO?

The GMP (Grey Market Premium) of Msafe Equipments Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Msafe Equipments Ltd IPO?

To check the allotment status of Msafe Equipments Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Msafe Equipments Ltd IPO getting listed?

The Msafe Equipments Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 28, 2026, and closes on Jan 30, 2026. The allotment is finalised on Feb 2, 2026.

How do you apply for the Msafe Equipments Ltd IPO?

To apply for the Msafe Equipments Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.