Msafe Equipments IPO GMP & Review: Apply or Avoid?

Msafe Equipments IPO is open for bidding from 28th January 2026 to 30th January 2026. It is a bookbuilding IPO of ₹66.42 crore, comprising an entirely fresh issue of 0.44 crore shares and offer for sale of 0.10 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 4th February 2026. 

Msafe Equipments IPO Details 

The Msafe Equipments IPO date is fixed between 28th January 2026 to 30th January 2026. The face value of Msafe Equipments shares stands at ₹10 per share, and the IPO Issue price band is set at ₹116 to ₹123 per share

Maashitla Securities Private Limited is the registrar of the Msafe Equipments IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Msafe Equipments IPO Share Reservation

Riddhi Display Equipment’s IPO is a bookbuilding issue of 0.44 crore shares worth ₹24.77 crore. Msafe Equipments IPO Limited shares will be listed on the BSE and the SME Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Msafe Equipments IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Msafe Equipments IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 28th January 2026, Msafe Equipments IPO GMP stands at ₹10.00 per share, which means the share will likely list at ₹133.00 on its tentative listing date, 4th February 2026.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Msafe Equipments IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

Msafe Equipments IPO GMP Review

Check out the detailed Msafe Equipments GMP IPO review for a thorough understanding of its potential to report listing gains on 4th February 2026. The Msafe Equipments IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Msafe Equipments IPO.

Msafe Equipments Limited’s revenue increased by 48.15% from ₹48.34 crores in March 2024 to ₹71.62 crores in March 2025. Moreover, the company’s PAT increased by 98.62% from ₹6.55 crores in March 2024 to ₹13.01 crores in March 2025.

Msafe Equipments’ IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Msafe Equipments IPO, with its tentative listing day set for 4th February 2026. 

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Msafe Equipments IPO.

The P/E ratio of Msafe Equipments Limited shares is 15.12, and its Earnings Per Share (EPS) stands at 8.13. Thus, the Msafe Equipments IPO can deliver gains on its tentative listing date, 4th February 2026. 

Note: 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. 

Msafe Equipments IPO Subscription Status

The Msafe Equipments IPO will open for bidding on 28th January 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Msafe Equipments IPO Subscription Status. 

About Msafe Equipments Limited

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.

As of December 31, 2025, the Company employed 350 permanent staff and 66 contractual employees, ensuring operational efficiency and nationwide reach.

Msafe Equipments Limited Financials

The company’s financial analysis is essential before applying for the Msafe Equipments IPO. See the table for Msafe Equipments Limited’s financials. 

Explanation

Msafe Equipments Limited’s revenue increased by 48.15% from ₹48.34 crores in March 2024 to ₹71.62 crores in March 2025. Moreover, the company’s PAT increased by 98.62% from ₹6.55 crores in March 2024 to ₹13.01 crores in March 2025.

Msafe Equipments Limited IPO Promoter Holdings

Have a look at the table below to check the holdings of Ashish Kankaria, Shruti A. Kankaria, Ambica Capital Markets Limited, and Gold View Financial Services Limited.

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of the Msafe Equipments IPO

The primary aim of the Msafe Equipments IPO is to raise ₹24.77 crores. On the other hand, Msafe Equipments has decided to utilise these funds in different ways.

• For funding of Capital expenditure towards the setup of a new Manufacturing Facility.
• For funding capital expenditure for the manufacturing of equipment for rental purposes.
• To General Corporate Expenses.
• To utilise working capital requirements.

Should I Invest in the Msafe Equipments IPO?

Explore the pros and cons of Msafe Equipments to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades. 

Pros of the Msafe Equipments IPO

• The company has Diversified Revenue Streams.
• The company has a growing financial performance
• The company has a diverse customer base and pan-India operations

Cons of the Msafe Equipments IPO

• The company has a Dependence on the cyclical construction sector
• The company has Limited Long-Term Contracts
• The company has a Raw Material & Supplier Risk

How to Apply for the Msafe Equipments IPO?

Check the steps mentioned below to apply for Msafe Equipments Ltd.

• Step 1: Conduct thorough research on the Msafe Equipments IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for 2 lots of 2,000 shares worth ₹2,46,000
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Msafe Equipments IPO across multiple demat accounts to increase your chances of allotment. 

How to Check the Msafe Equipments IPO Allotment Status?

You can check for the Msafe Equipments IPO allotment in different ways. These include BSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On BSE

• Visit the BSE Official Site
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Msafe Equipments IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Msafe Equipments IPO allotment status.

Let’s Wrap

Msafe Equipments IPO is a bookbuilding issue of shares worth ₹66.42 crores. The shares of Msafe Equipments Limited will be listed on BSE and SME on its tentative listing date of 4th February 2026. Researching the Msafe Equipments IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Msafe Equipments IPO

How is the Msafe Equipments IPO?

Ans. Currently, on 28th January 2026, the Msafe Equipments GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹133 per share. It is a bookbuilding IPO of ₹66.42 shares. The face value of each Msafe Equipments share is ₹10 per share. 

What is the Msafe Equipments IPO price?

Ans. The Msafe Equipments IPO issue price band is set at ₹116 to ₹123 per share. 

Is the Msafe Equipments IPO a good investment?

Ans. Msafe Equipments Limited’s revenue increased by 48.15% from ₹48.34 crores in March 2024 to ₹71.62 crores in March 2025. Moreover, the company’s PAT increased by 98.62% from ₹6.55 crores in March 2024 to ₹13.01 crores in March 2025.

Who is the registrar of the Msafe Equipments IPO?

Ans. 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 investor.po@maashitla.com or at +91-11-45121795-96.

What is the issue size of the Msafe Equipments IPO? 

Ans. Msafe Equipments IPO is a bookbuilding IPO of ₹66.42 crores. Moreover, the IPO is set to open on 28th January 2026 and close on 30th January 2026. 

Disclaimer: 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.

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