Msafe Equipments
CLOSEDIPO Date: 28 Jan - 30 Jan 2026
Listing Date: 4 Feb 2026
Price Range
Rs.116 - Rs.123
Issue Size
66 Cr
Min Investment
₹1,16,000
Lot Size
1000 Shares
Schedule of Msafe Equipments
Issue open date
28 Jan 2026
Issue close date
30 Jan 2026
UPI mandate deadline
30 Jan 2026 (5 PM)
Allotment finalization
2 Feb 2026
Share credit
3 Feb 2026
Listing date
4 Feb 2026
Mandate end date
14 Feb 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 66 Cr |
| Fresh Issue | 54.12 Cr |
| Offer for Sale | 12.3 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 2 Feb 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 4 Feb 2026 | ₹123 | ₹21 | ₹144 (17.07%) |
Performance Msafe Equipments
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.116 - Rs.123 | ₹ 308 (17.07%) | ₹ 119.3 | -3.01% |
About Msafe Equipments
Msafe Equipments is involved in the manufacturing, sale, and rental of access and height-safety equipment used for working at elevated locations. Incorporated in 2019, the company supplies equipment intended to support construction, maintenance, installation, repair, and infrastructure-related activities where safe vertical access is required. The company’s product portfolio includes aluminium scaffoldings, mild steel scaffoldings, aluminium ladders, and fibre-reinforced plastic ladders. Aluminium scaffoldings are offered in configurations such as stairway, narrow-width, extra-reach, podium, cantilever, and bridge sections. Mild steel scaffoldings are used for projects requiring higher load-bearing capacity over longer durations. Ladder offerings include A-type, straight, platform, and cage variants, with aluminium ladders used for mobility-focused tasks and FRP ladders used in electrical applications. Msafe Equipments provides these products through both direct sales and rental arrangements, with rentals available on short- and medium-term durations. The company serves customers across industries in India and operates its sales and rental activities nationwide.
| Founded in | 2019 |
| Managing director | Mr Pradeep Aggarwal |
| Parent organization |
Financial Overview
Strengths
- In-house manufacturing with a large installed capacity across aluminium and MS products
- Diversified product mix across scaffolding, ladders, and rental solutions
- Strong presence in infrastructure and large construction projects across India
- Established rental model providing recurring revenue visibility
- Expansion plans aligned with the rising demand for access and height-safety equipment
Risks
- Business heavily dependent on construction and infrastructure sector cycles
- Delays in land acquisition and approvals may impact new facility setup
- High trade receivables may strain cash flows and liquidity
- Economic slowdowns or global instability can affect demand and profitability
- The business is labour-intensive and may be impacted by labour shortages, wage pressures, or work stoppages.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 117.97 |
| Non-Institutional Investors (NIIs) | 222.6 |
| Retail Individual Investors (RIIs) | 131.52 |
| Employee | N/A |
| Total | 153.16 |