{"id":59888,"date":"2026-01-29T11:55:11","date_gmt":"2026-01-29T06:25:11","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=59888"},"modified":"2026-01-29T11:55:13","modified_gmt":"2026-01-29T06:25:13","slug":"msafe-equipments-ipo-gmp-subscription-day-2","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/","title":{"rendered":"Msafe Equipments IPO GMP &#038; Subscription Status: Day 2 IPO Live Updates"},"content":{"rendered":"<p>The <strong>Msafe Equipments IPO GMP <\/strong>is \u20b923 as of 29th January 2026. It is a book-building issue IPO of \u20b966.42 crores. This is an entirely fresh issue of 0.44 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 4th February 2026. The face value of Msafe Equipments IPO shares is \u20b910 per share, and the IPO price band is \u20b9116 to \u20b9123 per share. Retail investors can bid for a minimum of 2 lots of 2,000 shares worth \u20b92,46,000. Scroll down to check the Msafe Equipments IPO GMP and subscription details.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/#Msafe_Equipments_IPO_GMP_Grey_Market_Premium\" title=\"Msafe Equipments IPO GMP Grey Market Premium\">Msafe Equipments IPO GMP Grey Market Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/#Msafe_Equipments_IPO_Subscription_Status\" title=\"Msafe Equipments IPO Subscription Status\">Msafe Equipments IPO Subscription Status<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/#Msafe_Equipments_IPO_Details\" title=\"Msafe Equipments IPO Details\">Msafe Equipments IPO Details<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/#Explanation\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/#About_Msafe_Equipments_Ltd\" title=\"About Msafe Equipments Ltd.\">About Msafe Equipments Ltd.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/#Msafe_Equipments_Limited_Financials\" title=\"Msafe Equipments Limited Financials\">Msafe Equipments Limited Financials<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/#Explanation-2\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/#Msafe_Equipments_IPO_Objectives\" title=\"Msafe Equipments IPO Objectives\">Msafe Equipments IPO Objectives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/#Msafe_Equipments_IPO_Registrar\" title=\"Msafe Equipments IPO Registrar\">Msafe Equipments IPO Registrar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/#Msafe_Equipments_IPO_Review\" title=\"Msafe Equipments IPO Review\">Msafe Equipments IPO Review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/#FAQs_on_Msafe_Equipments_IPO\" title=\"FAQs on Msafe Equipments IPO\">FAQs on Msafe Equipments IPO<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/#What_is_the_Msafe_Equipments_IPO_GMP\" title=\"What is the Msafe Equipments IPO GMP?\">What is the Msafe Equipments IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/#What_is_the_issue_price_of_the_Msafe_Equipments_IPO\" title=\"What is the issue price of the Msafe Equipments IPO?\">What is the issue price of the Msafe Equipments IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/#Who_is_the_registrar_of_the_Msafe_Equipments_IPO\" title=\"Who is the registrar of the Msafe Equipments IPO?\">Who is the registrar of the Msafe Equipments IPO?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/msafe-equipments-ipo-gmp-subscription-day-2\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Msafe_Equipments_IPO_GMP_Grey_Market_Premium\"><\/span><strong>Msafe Equipments IPO GMP Grey Market Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As mentioned earlier, the <strong>Msafe Equipments IPO GMP <\/strong>currently stands at \u20b923.00 per share. Thus, the estimated listing price would be at \u20b9123.00. This indicates that the estimated listing gain in this IPO could be 18.70%. Explore the table for <strong>Msafe Equipments<\/strong> <strong>IPO GMP<\/strong> updates.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>GMP DATE<\/strong><\/td><td><strong>IPO Price<\/strong><\/td><td><strong>GMP Price<\/strong><\/td><td><strong>Estimated Listing Price<\/strong><\/td><td><strong>Estimated Gain<\/strong><\/td><\/tr><tr><td><strong>29-01-2026<\/strong><\/td><td>\u20b9123.00<\/td><td>\u20b923.00<\/td><td>\u20b9146.00<\/td><td>18.70%<\/td><\/tr><tr><td><strong>28-01-2026<\/strong><\/td><td>\u20b9123.00<\/td><td>\u20b921.00<\/td><td>\u20b9144.00<\/td><td>17.07%<\/td><\/tr><tr><td><strong>27-01-2026<\/strong><\/td><td>\u20b9123.00<\/td><td>\u20b920.00<\/td><td>\u20b9143.00<\/td><td>16.26%<\/td><\/tr><tr><td><strong>26-01-2026<\/strong><\/td><td>\u20b9123.00<\/td><td>\u20b911.00<\/td><td>\u20b9134.00<\/td><td>8.94%<\/td><\/tr><tr><td><strong>25-01-2026<\/strong><\/td><td>\u20b9123.00<\/td><td>\u20b911.00<\/td><td>\u20b9134.00<\/td><td>8.94%<\/td><\/tr><tr><td><strong>24-01-2026<\/strong><\/td><td>\u20b9123.00<\/td><td>\u20b911.00<\/td><td>\u20b9134.00<\/td><td>8.94%<\/td><\/tr><tr><td><strong>23-01-2026<\/strong><\/td><td>\u20b9123.00<\/td><td>\u20b911.00<\/td><td>\u20b9134.00<\/td><td>8.94%<\/td><\/tr><tr><td><strong>22-01-2026<\/strong><\/td><td>\u20b9123.00<\/td><td>\u20b97.00<\/td><td>\u20b9130.00<\/td><td>5.69%<\/td><\/tr><tr><td><strong>21-01-2026<\/strong><\/td><td>\u20b9123.00<\/td><td>\u20b97.00<\/td><td>\u20b9130.00<\/td><td>5.69%<\/td><\/tr><\/tbody><\/table><\/figure><p><em>Note: GMP details are subject to change based on market conditions and fluctuations. Check the live Msafe Equipments IPO GMP status at Univest.<\/em><\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on Msafe Equipments IPO <\/em><\/strong><strong>GMP Status<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Msafe_Equipments_IPO_Subscription_Status\"><\/span><strong>Msafe Equipments IPO Subscription Status<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As of now, the Msafe Equipments IPO has been subscribed to 4.52 times. Of these, 5.66 times are subscribed by retail investors, 6.80 times by non-institutional investors, and 0.80 times by QII (Qualified Institutional Investors).&nbsp;&nbsp;<\/p><p>The healthy subscription status indicates that investors are expecting higher returns at the time of Msafe Equipments&#8217; IPO listing on 4th February 2026. Msafe Equipments also has a positive outlook behind the fresh issue of 0.44 crore shares, which will raise around Rs 24.77 crores.<\/p><p><strong><em>Note:<\/em><\/strong><em> GMP details are subject to change based on market conditions and fluctuations. Check the live Msafe Equipments IPO Subscription status at Univest.<\/em><\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on Msafe Equipments IPO Subscription<\/em><\/strong><strong> Status<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Msafe_Equipments_IPO_Details\"><\/span><strong>Msafe Equipments IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Allotment Date<\/strong><\/td><td>2nd February 2026<\/td><\/tr><tr><td><strong>IPO Open Date<\/strong><\/td><td>28th January 2026<\/td><\/tr><tr><td><strong>IPO Close Date<\/strong><\/td><td>30th January 2026<\/td><\/tr><tr><td><strong>Refund Initiation&nbsp;<\/strong><\/td><td>3rd February 2026<\/td><\/tr><tr><td><strong>Issue Size<\/strong><\/td><td>54,00,000 shares(agg. up to \u20b966 Cr)<\/td><\/tr><tr><td><strong>Fresh Issue&nbsp;<\/strong><\/td><td>41,02,000 shares(agg. up to \u20b950 Cr)<\/td><\/tr><tr><td><strong>Offer for Sale&nbsp;<\/strong><\/td><td>10,00,000 shares of \u20b910(agg. up to \u20b912 Cr)<\/td><\/tr><tr><td><strong>Face Value<\/strong><\/td><td>\u20b910 per share<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>2,000 Shares<\/td><\/tr><tr><td><strong>Issue Price&nbsp;<\/strong><\/td><td>\u20b9116 to \u20b9123 per share<\/td><\/tr><tr><td><strong>Issue Type<\/strong><\/td><td>Bookbuilding IPO<\/td><\/tr><tr><td><strong>Listing At<\/strong><\/td><td>BSE SME<\/td><\/tr><tr><td><strong>Listing Date<\/strong><\/td><td>4th February 2026<\/td><\/tr><\/tbody><\/table><\/figure><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Msafe Equipments IPO<\/strong>: Msafe Equipments IPO Limited has declared an issue price band of \u20b9116 to \u20b9123 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 2,000 shares, each worth \u20b92,46,000. The face value of Msafe Equipments IPO Limited shares is \u20b910 per share. The shares of Msafe Equipments IPO Limited will be listed on BSE and SME on its tentative listing day, 4th February 2026. Scroll down to check GMP updates and <strong>Msafe Equipments IPO <\/strong>reviews.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Msafe_Equipments_Ltd\"><\/span><strong>About Msafe Equipments Ltd.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Msafe Equipments Limited was established 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. 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, maintenance, installation, repair, and infrastructure development activities. The Company operates three manufacturing facilities in Greater Noida, Uttar Pradesh, supported by a network of 17 warehouses across multiple 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 rentals. During Fiscal 2025, Msafe supplied products across 22 States and 3 Union Territories, serving diverse client requirements in sectors such as construction, HVAC, MEP, electrical works, fire safety, interiors, and warehousing.<\/p><p>As of December 31, 2025, the Company employed 350 permanent staff and 66 contractual employees, ensuring operational efficiency and nationwide reach.<\/p><p><strong>Also Read-<\/strong> <a href=\"https:\/\/univest.in\/blogs\/msafe-equipments-ipo-gmp-review\">Msafe Equipments IPO GMP &amp; Review: Apply or Avoid?<\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Msafe_Equipments_Limited_Financials\"><\/span><strong>Msafe Equipments Limited Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The company&#8217;s financial analysis is essential before applying for the<strong> Msafe Equipments IPO. <\/strong>Look at the table to learn about Msafe Equipments Limited&#8217;s financials.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Year Ended<\/strong><\/td><td><strong>30th Sep 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2024 (in cr.)<\/strong><\/td><td><strong>31st March 2023 (in cr.)<\/strong><\/td><\/tr><tr><td><strong>Assets<\/strong><\/td><td>87.67<\/td><td>73.59<\/td><td>48.19<\/td><td>33.59<\/td><\/tr><tr><td><strong>Revenue<\/strong><\/td><td>49.07<\/td><td>71.62<\/td><td>48.34<\/td><td>29.71<\/td><\/tr><tr><td><strong>Profit After Tax<\/strong><\/td><td>10.50<\/td><td>13.01<\/td><td>6.55<\/td><td>3.65<\/td><\/tr><tr><td><strong>EBITDA<\/strong><\/td><td>19.21<\/td><td>26.08<\/td><td>15.12<\/td><td>9.19<\/td><\/tr><tr><td><strong>Net Worth<\/strong><\/td><td>36.15<\/td><td>25.65<\/td><td>12.64<\/td><td>6.09<\/td><\/tr><tr><td><strong>Reserves and Surplus<\/strong><\/td><td>20.15<\/td><td>24.65<\/td><td>11.64<\/td><td>5.09<\/td><\/tr><tr><td><strong>Total Borrowings<\/strong><\/td><td>37.67<\/td><td>32.56<\/td><td>25.87<\/td><td>20.37<\/td><\/tr><\/tbody><\/table><\/figure><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation-2\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Msafe Equipments Limited&#8217;s revenue increased by 48.15% from \u20b948.34 crores in March 2024 to \u20b971.62 crores in March 2025. Moreover, the company&#8217;s PAT increased by 98.62% from \u20b96.55 crores in March 2024 to \u20b913.01 crores in March 2025.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Msafe_Equipments_IPO_Objectives\"><\/span><strong>Msafe Equipments IPO Objectives<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The primary aim of the <strong>Msafe Equipments IPO<\/strong> is to raise \u20b924.77 crores. On the other hand, Msafe Equipments has decided to utilise these funds in different ways.<\/p><ul class=\"wp-block-list\"><li>For funding of Capital expenditure towards the setup of a new Manufacturing Facility.<\/li>\n\n<li>For funding capital expenditure for the manufacturing of equipment for rental purposes.<\/li>\n\n<li>To General Corporate Expenses.<\/li>\n\n<li>To utilise working capital requirements.<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Msafe_Equipments_IPO_Registrar\"><\/span><strong>Msafe Equipments IPO Registrar<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Maashitla Securities Private Limited is the registrar for the Msafe Equipments IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Msafe Equipments allotment and refund, you can contact Maashitla Securities Private Limited at <a href=\"mailto:investor.po@maashitla.com\">investor.po@maashitla.com<\/a> or at +91-11-45121795-96.<\/p><p><strong><em>Download the <\/em><\/strong><a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest iOS App<\/em><\/strong><\/a><strong><em> or <\/em><\/strong><a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest Android App<\/em><\/strong><\/a><strong><em> to get daily stock recommendations and insightful research pieces!<\/em><\/strong>&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Msafe_Equipments_IPO_Review\"><\/span><strong>Msafe Equipments IPO Review<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/29115233\/Msafe-Equipments-IPO-Apply-or-Avoid-1-1024x536.jpg\" alt=\"Msafe Equipments IPO Review\" class=\"wp-image-59890\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/29115233\/Msafe-Equipments-IPO-Apply-or-Avoid-1-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/29115233\/Msafe-Equipments-IPO-Apply-or-Avoid-1-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/29115233\/Msafe-Equipments-IPO-Apply-or-Avoid-1-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/29115233\/Msafe-Equipments-IPO-Apply-or-Avoid-1-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/29115233\/Msafe-Equipments-IPO-Apply-or-Avoid-1-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/29115233\/Msafe-Equipments-IPO-Apply-or-Avoid-1-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/29115233\/Msafe-Equipments-IPO-Apply-or-Avoid-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>The <strong>Msafe Equipments IPO <\/strong>has gained neutral ratings from industry experts, brokers, and institutional investors. Msafe Equipments Limited&#8217;s revenue increased by 48.15% from \u20b948.34 crores in March 2024 to \u20b971.62 crores in March 2025. Moreover, the company&#8217;s PAT increased by 98.62% from \u20b96.55 crores in March 2024 to \u20b913.01 crores in March 2025.<\/p><p>Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we\u2019re waiting for additional ratings to get a clearer picture and will keep posting them to deliver real-time insights. Until then, you can explore the company&#8217;s technical analysis to know whether you should apply for the <strong>Msafe Equipments IPO <\/strong>or not.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Key Indicators<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/price-to-earnings-ratio-p-e-ratio\"><strong>PE Ratio (Price-to-Earnings)<\/strong><\/a><strong>&nbsp;<\/strong><\/td><td>15.12<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/earnings-per-share-eps-formula\"><strong>EPS (Earnings Per Share)<\/strong><\/a><\/td><td>8.13<\/td><\/tr><tr><td><strong>RoNW<\/strong><\/td><td>29.05%<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/return-on-capital-employed\"><strong>ROCE<\/strong><\/a><\/td><td>21.21%<\/td><\/tr><tr><td><strong>ROE<\/strong><\/td><td>33.98%<\/td><\/tr><tr><td><strong>EBITDA Margin<\/strong><\/td><td>39.20%<\/td><\/tr><tr><td><strong>Price to Book Value<\/strong><\/td><td>5.44<\/td><\/tr><tr><td><strong>Market Capitalisation<\/strong><\/td><td>\u20b9250.92 Cr<\/td><\/tr><\/tbody><\/table><\/figure><p>The P\/E ratio of Msafe Equipments Limited shares is 15.12, and its Earnings Per Share (EPS) stands at 8.13. Thus, the <strong>Msafe Equipments IPO<\/strong> can deliver gains on its tentative listing date, 4th February 2026.&nbsp;<\/p><p><strong><em>Note<\/em><\/strong><em>: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Msafe Equipments Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.&nbsp;<\/em><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Indicators<\/strong><\/td><td><strong>Pre-IPO<\/strong><\/td><td><strong>Post-IPO<\/strong><\/td><\/tr><tr><td><strong>PE Ratio<\/strong><\/td><td>15.12<\/td><td>11.95<\/td><\/tr><tr><td><strong>EPS&nbsp;<\/strong><\/td><td>8.13<\/td><td>10.29<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_on_Msafe_Equipments_IPO\"><\/span><strong>FAQs on Msafe Equipments IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Msafe_Equipments_IPO_GMP\"><\/span><strong>What is the Msafe Equipments IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Currently, on 29th January 2026, the <strong>Msafe Equipments IPO GMP<\/strong> (Grey Market Premium) stands at \u20b923. This indicates that the estimated listing price could be \u20b9146.00 per share.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_issue_price_of_the_Msafe_Equipments_IPO\"><\/span><strong>What is the issue price of the Msafe Equipments IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The <strong>Msafe Equipments IPO<\/strong> issue price band is set at \u20b9116.00 to \u20b9123.00 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 2,000 shares, worth \u20b92,46,000. Moreover, HNIs are required to bid for a minimum of 3 lots (3,000 shares) worth \u20b93,69,000.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_the_registrar_of_the_Msafe_Equipments_IPO\"><\/span><strong>Who is the registrar of the Msafe Equipments IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Maashitla Securities Private Limited is the registrar for the Msafe Equipments IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Msafe Equipments allotment and refund, you can contact Maashitla Securities Private Limited at <a href=\"mailto:investor.po@maashitla.com\">investor.po@maashitla.com<\/a> or at +91-11-45121795-96.<\/p><p><strong><em>Disclaimer<\/em><\/strong><em>: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Msafe Equipments IPO, download the Msafe Equipments IPO RHP and Msafe Equipments IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/kasturi-metal-composite-ipo-gmp-subscription-day-2\">Kasturi Metal Composite IPO GMP &amp; Subscription Status: Day 2 IPO Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/accretion-nutraveda-ipo-gmp-subscription-day-1\">Accretion Nutraveda IPO GMP &amp; Subscription Status: Day 1 IPO Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/msafe-equipments-ipo-gmp-subscription-day-1\">Msafe Equipments IPO GMP &amp; Subscription Status: Day 1 IPO Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/kanishk-aluminium-india-ipo-gmp-subscription-day-1\">Kanishk Aluminium India IPO GMP &amp; Subscription Status: Day 1 IPO Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/digilogic-systems-ipo-listing\">Digilogic Systems IPO Listing at 20.00% discount at 83.20 Per Share<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/shadowfax-technologies-ipo-listing\">Shadowfax Technologies IPO Listing at 9.00% discount at 112.60 Per Share<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The Msafe Equipments IPO GMP is \u20b923 as of 29th January 2026. It is a book-building issue IPO of \u20b966.42 crores. This is an entirely fresh issue of 0.44 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 4th February 2026. The face value of Msafe Equipments IPO<\/p>\n","protected":false},"author":23,"featured_media":59891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[1015,1352,3806],"class_list":["post-59888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo","tag-ipo-gmp","tag-ipo-subscription"],"metadata":{"_edit_lock":["1769667919:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:8:{s:94:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/01\/Accretion-Nutraveda-IPO-Apply-or-Avoid-1-1.jpg\";a:2:{s:2:\"id\";i:59889;s:11:\"source_type\";s:13:\"media-library\";}s:103:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/01\/Accretion-Nutraveda-IPO-Apply-or-Avoid-1-1-1024x536.jpg\";a:2:{s:2:\"id\";i:59889;s:11:\"source_type\";s:13:\"media-library\";}s:126:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/29115134\/Accretion-Nutraveda-IPO-Apply-or-Avoid-1-1.jpg\";a:2:{s:2:\"id\";i:59889;s:11:\"source_type\";s:13:\"media-library\";}s:135:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/29115134\/Accretion-Nutraveda-IPO-Apply-or-Avoid-1-1-1024x536.jpg\";a:2:{s:2:\"id\";i:59889;s:11:\"source_type\";s:13:\"media-library\";}s:89:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/01\/Msafe-Equipments-IPO-Apply-or-Avoid-1.jpg\";a:2:{s:2:\"id\";i:59890;s:11:\"source_type\";s:13:\"media-library\";}s:98:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/01\/Msafe-Equipments-IPO-Apply-or-Avoid-1-1024x536.jpg\";a:2:{s:2:\"id\";i:59890;s:11:\"source_type\";s:13:\"media-library\";}s:121:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/29115233\/Msafe-Equipments-IPO-Apply-or-Avoid-1.jpg\";a:2:{s:2:\"id\";i:59890;s:11:\"source_type\";s:13:\"media-library\";}s:130:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/29115233\/Msafe-Equipments-IPO-Apply-or-Avoid-1-1024x536.jpg\";a:2:{s:2:\"id\";i:59890;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["74"],"rank_math_title":["Msafe Equipments IPO GMP Subscription Status Day 2"],"rank_math_description":["Msafe Equipments IPO GMP, Subscription status. Explore for further information about the Msafe Equipments IPO. Read more!\n"],"rank_math_focus_keyword":["Msafe Equipments IPO"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"],"_thumbnail_id":["59891"],"_edit_last":["23"],"_ez-toc-disabled":[""],"_ez-toc-insert":[""],"_ez-toc-header-label":[""],"_ez-toc-alignment":["none"],"_ez-toc-heading-levels":["a:0:{}"],"_ez-toc-alttext":[""],"_ez-toc-visibility_hide_by_default":[""],"_ez-toc-hide_counter":[""],"_ez-toc-exclude":[""],"_ez-toc-position-specific":["before"],"stm_select_gm_zoom":[""],"stm_agenda":[""],"stm_host":[""],"stm_select_approved_denied":[""],"stm_multiselect_approved":[""],"stm_multiselect_denied":[""],"stm_date":[""],"stm_time":[""],"stm_timezone":[""],"stm_duration":[""],"stm_password":[""],"stm_waiting_room":[""],"stm_join_before_host":[""],"stm_host_join_start":[""],"stm_start_after_participants":[""],"stm_mute_participants":[""],"stm_enforce_login":[""],"stm_alternative_hosts":[""],"top_bar_custom_style":[""],"top_bar_bg":[""],"wc_top_bar_cart_custom_style":[""],"wc_top_bar_cart_color":[""],"wc_top_bar_cart_icon_color_hover":[""],"wc_top_bar_cart_counter_color":[""],"wc_top_bar_cart_counter_color_hover":[""],"wc_top_bar_cart_counter_bg":[""],"wc_top_bar_cart_counter_bg_hover":[""],"top_bar_wpml_switcher_custom_style":[""],"wpml_switcher_color":[""],"top_bar_wpml_switcher_bg":[""],"top_bar_wpml_switcher_bg_hover":[""],"top_bar_wpml_switcher_color_hover":[""],"top_bar_socials_custom_style":[""],"top_bar_socials_color":[""],"top_bar_socials_color_hover":[""],"top_bar_search_custom_style":[""],"top_bar_search_color":[""],"top_bar_search_icon_color_hover":[""],"top_bar_contact_info_style":[""],"top_bar_contact_info_color":[""],"top_bar_contact_info_link_color":[""],"top_bar_contact_info_link_color_hover":[""],"top_bar_contact_info_select_bg":[""],"top_bar_contact_info_select_color":[""],"top_bar_contact_info_select_drop_bg":[""],"top_bar_contact_info_select_items_bg":[""],"top_bar_contact_info_select_items_color":[""],"top_bar_contact_info_select_items_hover":[""],"header_inverse":["default"],"enable_header_transparent":["off"],"header_nav_custom_style":[""],"header_bg":[""],"header_shadow":[""],"wc_cart_custom_style":[""],"wc_cart_icon_color":[""],"wc_cart_icon_color_hover":[""],"wc_cart_counter_color":[""],"wc_cart_counter_color_hover":[""],"wc_cart_counter_bg":[""],"wc_cart_counter_bg_hover":[""],"header_wpml_switcher_custom_style":[""],"header_wpml_switcher_color":[""],"header_wpml_switcher_color_hover":[""],"header_wpml_switcher_bg":[""],"header_wpml_switcher_bg_hover":[""],"header_socials_custom_style":[""],"header_socials_color":[""],"header_socials_color_hover":[""],"header_search_custom_style":[""],"header_search_icon_color":[""],"header_search_icon_color_hover":[""],"header_contact_info_style":[""],"header_contact_info_color":[""],"header_contact_info_link_color":[""],"header_contact_info_link_color_hover":[""],"header_button_custom_style":[""],"header_button_color":[""],"header_button_color_hover":[""],"header_button_bg":[""],"header_button_bg_hover":[""],"header_nav_menu_customize":[""],"header_nav_menu_link_color":[""],"header_nav_menu_link_color_hover":[""],"header_nav_menu_link_color_active":[""],"header_nav_menu_link_arrow_color":[""],"header_nav_menu_link_arrow_color_hover":[""],"header_nav_menu_level_1_bg":[""],"header_nav_menu_level_1_link_color":[""],"header_nav_menu_level_1_link_color_hover":[""],"header_nav_menu_level_1_link_bg_hover":[""],"header_nav_menu_level_1_link_arrow_color":[""],"header_nav_menu_level_1_link_arrow_color_hover":[""],"header_nav_menu_level_2_bg":[""],"header_nav_menu_level_2_link_color":[""],"header_nav_menu_level_2_link_color_hover":[""],"header_nav_menu_level_2_link_bg_hover":[""],"header_mega_menu_bg":[""],"header_mega_menu_title_color":[""],"header_mega_menu_title_color_hover":[""],"header_mega_menu_description_color":[""],"header_mega_menu_description_link_color":[""],"header_mega_menu_description_link_color_hover":[""],"header_mega_menu_color":[""],"header_mega_menu_color_hover":[""],"header_mega_menu_border_color":[""],"header_mega_menu_icons_color":[""],"header_nav_menu_customize_end":[""],"hfe_enabled_notice":[""],"disable_title_box":["default"],"hfe_disabled":[""],"enable_transparent":["default"],"title_box_title_bg_color":[""],"title_box_bg_custom_image":["default"],"title_box_bg_image":[""],"title_box_bg_position":["default"],"metabox_title_box_bg_position_x":[""],"metabox_title_box_bg_position_y":[""],"metabox_title_box_bg_attachment":["default"],"title_box_bg_size":["default"],"metabox_title_box_bg_size_slider":[""],"title_box_bg_repeat":["default"],"disable_title":["default"],"title_box_title_color":[""],"title_box_title_line_color":[""],"disable_breadcrumbs":["default"],"metabox_title_box_breadcrumbs_color":[""],"metabox_title_box_links_color":[""],"metabox_title_box_links_color_hover":[""],"content_bg_transparent":[""],"show_popup_single":[""],"popups_single":[""],"popups_single_event":[""],"popup_single_event_open_delay":[""],"popup_single_event_showing_in":[""],"popup_single_event_date_from":[""],"popup_single_event_date_to":[""],"popup_single_event_time_from":[""],"popup_single_event_time_to":[""],"popup_single_animation":[""],"popup_single_responsive":[""],"separator_footer_copyright_border_t":[""],"name":[""],"email":[""],"phone":[""],"company":[""],"memberId":[""],"testimonial_position":[""],"testimonial_company":[""],"testimonial_bg_img":[""],"testimonial_video_url":[""],"popups_width":[""],"popups_height":[""],"popups_image_bg":[""],"popups_color_bg":[""],"popups_border_radius":[""],"popups_template":[""],"rank_math_analytic_object_id":["5938"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/29115321\/Msafe-Equipments-GMP-Subscription-Status-Day-2.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/59888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=59888"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/59888\/revisions"}],"predecessor-version":[{"id":59892,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/59888\/revisions\/59892"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/59891"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=59888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=59888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=59888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}