Msafe Equipments IPO Listing at 22.93% Premium at ₹123 Per Share

Posted by : Neeraj Pandey | Wed Feb 04 2026

Msafe Equipments IPO Listing Today: The Msafe Equipments IPO was subscribed 166.72 times at the time of its closing. In this subscription, qualified institutional buyers (QIBs) received 117.97 times, and non-institutional investors (NIIs) received 308.23 times. The retail quota of the issue was subscribed to 33.07%. Before delving deeper into the topic, go through the details of the Msafe Equipments IPO.

Table of Contents

Msafe Equipments IPO

It is a bookbuilding IPO of ₹66.42 crore, comprising an entirely fresh issue of 0.19 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 4th February 2026. The Msafe Equipments IPO date is scheduled for 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

IPO Allotment Date	2nd February 2026
IPO Open Date	28th January 2026
IPO Close Date	30th January 2026
Refund Initiation	3rd February 2026
Issue Size	54,00,000 shares(agg. up to ₹66 Cr)
Fresh Issue	41,02,000 shares(agg. up to ₹50 Cr)
Offer for Sale	10,00,000 shares of ₹10(agg. up to ₹12 Cr)
Face Value	₹10 per share
Lot Size	2,000 Shares
Issue Price	₹116 to ₹123 per share
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Listing Date	4th February 2026

Msafe Equipments IPO Listing

On the BSE & SME platforms, Msafe Equipments shares are listed at ₹151.20 per share, reflecting a 2.93% premium over the issue price of ₹123 per share.

About the Msafe Equipments IPO

Msafe Equipments Limited was incorporated in the year 2019. Msafe Equipments Limited is involved in the business of manufacturing, sale, and rental of access and height safety equipment for safe working at heights. The company’s product offerings include aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders, and fibre-reinforced plastic (FRP) ladders, which are designed to meet operational and safety requirements in the context of construction, maintenance, installation, repair, and development of infrastructure. The Company has three manufacturing units located in Greater Noida, Uttar Pradesh, and 17 warehouses spread across various states, including Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal. These units facilitate efficient storage, dispatch, and collection of products for both sales and rental purposes. During Fiscal 2025, the Company supplied products to 22 States and 3 Union Territories, meeting the varied demands of clients in the areas of construction, HVAC, MEP, electrical jobs, fire safety, interiors, and warehousing.

As of December 31, 2025, the Company had 350 permanent employees and 66 contractual employees.

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.

Year Ended	30th Sep 2025 (in cr.)	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023 (in cr.)
Assets	87.67	73.59	48.19	33.59
Revenue	49.07	71.62	48.34	29.71
Profit After Tax	10.50	13.01	6.55	3.65
EBITDA	19.21	26.08	15.12	9.19
Net Worth	36.15	25.65	12.64	6.09
Reserves and Surplus	20.15	24.65	11.64	5.09
Total Borrowings	37.67	32.56	25.87	20.37

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.