IPO - Initial Public Offerings

 MSAFE

  

MSAFE EQUIPMENTS LTD IPO.

28 Jan, 10:00 AM

Issue Open

30 Jan, 05:00 PM

Issue Close

1000

Lot Size

₹ 116.00 – ₹ 123.00

Price Range

IPO Issue Details

Issue size 66.00 Cr
Market Price 123.00
Registrar Maashitla Securities Pvt.Ltd.
Face Value RS.10 /- Per share
Listing at BSE

About

MSAFE EQUIPMENTS LTD IPO.
Incorporated 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 June 30, 2025, the Company employed 299 permanent staff and 28 contractual employees, ensuring operational efficiency and nationwide reach.

IPO Lot Size

Category Lots Shares Amount
Retail (Min) 2 2000 ₹ 2,46,000.00
Retail (Max) 2 2000 ₹ 2,46,000.00
S-HNI (Min) 3 3000 ₹ 3,69,000.00
S-HNI (Max) 8 8000 ₹ 9,84,000.00
B-HNI (Min) 9 9000 ₹ 11,07,000.00

IPO TimeLine

Open Date 28-Jan-2026
Close Date 30-Jan-2026
Basis of Allotment Date 02-Feb-2026
Initiation of Refunds 03-Mar-2026
Credit Shares to Demat A/c 03-Mar-2026
IPO Listing Date 04-Feb-2026