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Open
28 Jan 2026
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Close
30 Jan 2026
3
Allotment
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Listing
Wed, Feb 4, 2026
Price Band
₹116 to ₹123
Issue Size
54,00,000 shares (agg. up to ₹66 Cr)
Lot Size
1,000 Shares
Listing Date
Wed, Feb 4, 2026
Latest GMP
₹21
Est. Gain
17.07%
✦ AI Insight
GMP Trend
04-02-2026₹21Est. ₹144+17.07%
03-02-2026₹21Est. ₹144+17.07%
02-02-2026₹20Est. ₹143+16.26%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 116.77x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 87.67 | 73.59 | 48.19 | 33.54 |
| Total Income | 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 Borrowing | 37.67 | 32.56 | 25.87 | 20.37 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Kanishk Aluminium India Ltd. | SME | ₹29.20 Cr | ₹73 | 22.66 | ₹55.48 | -24.00% | ₹26.70 (-4.37%) |
| Jainik Power Cables Ltd. | SME | ₹51.30 Cr | ₹110 | 11.53 | ₹82.85 | -24.68% | ₹155.25 (+5.83%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Capital expenditure towards setup of a new Manufacturing Facility. | 32.26 |
| 2 | Funding of Capital expenditure for manufacturing of equipments for Rental purpose. | 6.00 |
| 3 | Utilization towards working capital requirements. | 8.00 |
| 4 | General Corporate Purposes | 1.76 |
| 5 | Issue Expenses | 7.48 |
| Total | 55.50 |
About Msafe Equipments 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 December 31, 2025, the Company employed 350 permanent staff and 66 contractual employees, ensuring operational efficiency and nationwide reach.+ Read More
Contact Details
Msafe Equipments Ltd. AddressF-311, 3rd FloorAditya Arcade Plot No.30Community Center, Preet ViharDelhi, New Delhi, 110092+91-88822 07104info@msafegroup.comVisit Website