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BSE SME Bookbuilding IPO Fresh Capital & OFS Closed

Msafe Equipments Ltd IPO 2026

Face Value: ₹10  ·  Lot Size: 1,000 shares  ·  Min Investment: ₹123,000
₹123
Issue Price
+₹21
GMP Today
54,00,000 (100.00%)
Total Shares Offered
₹144
Est. Listing
Allotment Status
📅
Open Date
2026-01-28
📅
Close Date
2026-01-30
🎟️
Allotment
2026-02-02
UPI Mandate
TBA
📱
Listing Date
2026-02-04
🔗
Script Code
TBA
Grey Market Premium (GMP)
LIVE
Current GMP
+₹21
+17.07% vs Issue Price
Estimated Listing: ₹144
Issue Price: ₹123  ·  Lot: 1,000 shares
Expected P&L (1 lot): +₹21,000 on ₹123,000
GMP is unofficial grey market data. It does not guarantee listing price or returns.
Financial Overview
Amount in ₹ Crore
Metric 30 Sep 2025 31 Mar 2025 31 Mar 2024
Revenue 49.07 71.62 48.34
Profit After Tax 10.50 13.01 6.55
EBITDA 19.21 26.08 15.12
Net Worth 36.15 25.65 12.64
Total Assets 87.67 73.59 48.19
Reserves & Surplus 20.15 24.65 11.64
Total Borrowings 37.67 32.56 25.87
Key Financial Ratios
33.98%
ROE
Return on Equity
21.21%
ROCE
Return on Capital Employed
29.05%
RONW
Return on Net Worth
21.42%
PAT Margin
PAT / Revenue
39.20%
EBITDA Mgn
EBITDA / Revenue
5.44
P/BV
Price to Book Value
Issue Details
Total Shares Offered
54,00,000 (100.00%)
Net Offer to Public
51,02,000 shares (agg. up to ₹63 Cr
Market Maker Reservation
2,98,000 shares (agg. up to ₹4 Cr)
Pre-Issue Shareholding
1,60,00,000 shares%
Post-Issue Shareholding
2,04,00,000 shares%
Issue Price
₹123
Face Value
₹10
Lot Size
1,000 shares
Listing Exchange
BSE SME
Issue Type
Bookbuilding IPO
Objects of Issue
Funding of Capital expenditure towards setup of a new Manufacturing Facility.
Funding of Capital expenditure for manufacturing of equipments for Rental purpose.
Utilization towards working capital requirements.
General corporate purposes
Lead Managers
Seren Capital Pvt.Ltd
IPO Timeline
Open
2026-01-28
Close
2026-01-30
Allotment
2026-02-02
Listing
2026-02-04
Registrar Details
Maashitla Securities Pvt.Ltd
+91-11-45121795-96
investor.po@maashitla.com
Check Allotment Status
Company Information
Email
info@msafegroup.com
Phone
+91-88822 07104
Address
F-311, 3rd Floor Aditya Arcade Plot No. 30 Community Center, Preet Vihar, East Delh New Delhi, New Delhi, 110092
About Msafe Equipments Ltd

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.

Quick Facts
GMP Signal
Bullish 🚀
Status
Closed
Issue Price
₹123
Lot Size
1,000 sh
Est. Listing
₹144
Pre-Issue Hold.
1,60,00,000 shares%
Post-Issue Hold.
2,04,00,000 shares%
Registrar
Maashitla Securities Pvt.Ltd
GMP Profit Calculator
Est. Listing
GMP %
1 Lot Investment
Total Investment
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