Msafe Equipment Ltd. makes and sells height-safety equipment like aluminium and steel scaffolding, ladders, platforms, and related products used in construction, industrial, and maintenance work. The company also rents out equipment, giving it more than one revenue stream(IPOUPDATES)
🗓️ IPO Date Table
| Event | Date |
|---|---|
| IPO Opening Date | 28 January 2026 |
| IPO Closing Date | 30 January 2026 |
| Basis of Allotment Finalised | 2 February 2026 |
| Initiation of Refunds | 3 February 2026 |
| Shares Credited to Demat | 3 February 2026 |
| Listing Date | 4 February 2026 |
💰 Issue Size & Price Band
- Price Band: ₹116 to ₹123 per equity share
- Face Value: ₹10 per share
- Total Issue Size: Approximately ₹66.42 crore
- Fresh Issue: Shares worth ~₹54.12 crore
- Offer For Sale (OFS): ~10,00,000 shares (~₹12.30 crore)
- Issue Type: Book-built SME IPO
- Listing On: BSE SME platform
📊 Market Lot & Investment Amount
- Lot Size: 1,000 shares
- Minimum Retail Application: 2 lots → 2,000 shares
- Minimum Investment: Approx ₹2,46,000 (at upper price band)
- HNI Application: 3 lots (3,000 shares) or more in multiples of 1,000 shares
🏢 Company Overview
Msafe Equipments Ltd. is a company engaged in manufacturing and supplying modular aluminium access equipment. Its products are widely used in factories, construction, maintenance and industrial setups for safe working at heights.
The company follows a dual revenue model — selling its engineered products and also renting them out to customers — helping balance demand fluctuations across sectors. Msafe distributes to clients across multiple states and has a workforce supporting its operations nationwide.
🛠️ Products & Solutions
Msafe’s core offerings include:
- Modular Aluminium Scaffolding Systems
- Ladders and Planks
- Access Platforms
- Custom Safety Solutions for Heights
These products are designed for sectors such as infrastructure, industrial maintenance, fire safety, HVAC, electrical works, and interior projects.
📉 Financial Snapshot
Figures are approximate and based on latest reported years (FY2023–FY2025):
- Total Revenue: Steady growth over recent years
- Profit After Tax: Increased significantly by FY2025
- PAT Margin: Healthy margins indicate operational efficiency
- ROE & ROCE: Strong returns on equity and capital employed
- Revenue Diversification: Spread across many states with a wide customer base
🎯 IPO Objectives
The IPO proceeds are likely earmarked for:
- Capacity expansion at manufacturing units
- Purchasing new equipment and technology upgrades
- Strengthening working capital
- General corporate purposes
These goals aim to support growth and help the company meet rising demand in infrastructure and industrial markets.
📝 Allotment & Listing Process
Here’s how the IPO process unfolds:
- Subscription Window: 28–30 Jan 2026
- Allotment Finalised: 2 Feb 2026
- Refunds Initiated: 3 Feb 2026
- Shares Credited: 3 Feb 2026
- Listing Date: 4 Feb 2026
After the allotment is finalised, investors can check their status on the registrar’s website or through their broker/demat account.
📊 IPO Review – Strengths & Risks
✅ Strengths
- Multi-model Revenue: Combines sales and rentals for steady income.
- In-house Manufacturing: Quality control and cost efficiency.
- Diverse Client Base: Spread across multiple industries and regions.
- Growing Financials: Revenue and net profit have shown robust growth.
⚠️ Risks
- Sector Dependence: Business is tied heavily to construction and infrastructure cycles.
- Client Concentration: Dependence on large clients could affect revenue if contracts slow down.
- Industry Cyclicality: Slowdowns in infrastructure spending may affect demand.
📌 Final Summary
The Msafe Equipment IPO is a small-to-mid-sized SME issue that offers investors exposure to a growing industrial equipment company with a diversified revenue model. With a reasonable price band and wide applications across sectors, it could appeal to long-term investors who are comfortable with SME stock liquidity and the company’s growth prospects. However, macro-economic conditions and sector performance should be considered before applying.
Registered Office
🏢 Msafe Equipments Ltd. – Official Office (Registered Office)
📍 Msafe Equipments Ltd.
F-311, 3rd Floor, Aditya Arcade,
Plot No. 30, Community Center, Preet Vihar,
East Delhi, New Delhi – 110092, India
📞 +91-8882207104
📧 info@msafegroup.com
🌐 www.msafegroup.com
📋 IPO Registrar – Maashitla Securities Pvt. Ltd.
📍 Maashitla Securities Private Limited
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura,
Delhi – 110034, India
📞 +91-11-45121795 / +91-11-45121796
📧 investor.ipo@maashitla.com
🌐 https://maashitla.com/allotment-status/public-issues
Disclaimer
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