Notification close image
No new Notification messages
card image
Seshaasai Technologies Ltd IPO
Apply for the Seshaasai Technologies Ltd IPO through UPI in Just minutes
delete image
card image
Start your SIP with just ₹100
Choose from 4,000+ Mutual Funds on Bajaj Broking
delete image
card image
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
delete image
card image
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
delete image
card image
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.
delete image

How to Apply for the Msafe Equipments Limited IPO: Step-by-Step Investment Guide

 

Msafe Equipments Limited, incorporated in 2019, is engaged in the manufacturing, sale, and rental of access and height-safety equipment used for working at elevated locations. Its product portfolio includes aluminium and mild steel scaffoldings, aluminium ladders, and fibre reinforced plastic ladders, which are used across construction, maintenance, installation, repair, and infrastructure-related activities. The company operates manufacturing facilities in Greater Noida and maintains a warehouse network across several Indian states to support distribution and rental operations. Its equipment is supplied to clients in sectors such as construction, HVAC, MEP services, electrical works, fire safety, interiors, and warehousing, reflecting its operational presence across multiple end-use segments.

To apply for the Msafe Equipments IPO, investors need an active demat account and a trading account with an IPO application facility. The application can be submitted online through the ASBA (Application Supported by Blocked Amount) process using a bank account that supports ASBA, or through the IPO section of a registered stockbroking platform. After selecting the IPO, applicants must enter the bid details, confirm the quantity, and authorise the blocking of funds. Once the application is submitted, the bank blocks the required amount until the allotment process is completed.

For more details, visit the Msafe Equipments Limited IPO page.

Msafe Equipments Limited IPO Details and Objectives

Details

Information

IPO Date

January 28, 2026 to January 30, 2026

Issue Size

54,00,000 shares (agg. up to ₹66 Cr)

Price Band

₹116 to ₹123 per share

Lot Size

1000 shares

Listing At

BSE SME

Market Maker

Evermore Share Broking Private Limited

Purpose of the IPO

  • Funding of capital expenditure towards setup of a new manufacturing facility

  • Funding of capital expenditure for manufacturing of equipments for rental purpose

  • Utilisation towards working capital requirements

  • General corporate purposes

Timeline of Msafe Equipments Limited IPO

Event

Date

IPO Open Date

Wed, Jan 28, 2026

IPO Close Date

Fri, Jan 30, 2026

Tentative Allotment

Mon, Feb 2, 2026

Initiation of Refunds

Tue, Feb 3, 2026

Credit of Shares to Demat

Tue, Feb 3, 2026

Tentative Listing Date

Wed, Feb 4, 2026

Cut-off time for UPI mandate confirmation

5 PM on Fri, Jan 30, 2026

Pricing & Lot Size of Msafe Equipments Limited IPO

Price Band for the IPO

  •  ₹116 to ₹123 per share

Minimum Lot Size and Application Details

Application

Lots

Shares

Amount

Individual investors (Retail) (Min)

2

2,000

₹2,46,000

Individual investors (Retail) (Max)

2

2,000

₹2,46,000

S-HNI (Min)

3

3,000

₹3,69,000

S-HNI (Max)

8

8,000

₹9,84,000

B-HNI (Min)

9

9,000

₹11,07,000

Msafe Equipments Limited IPO Application Process

The Msafe Equipments Limited IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:

Step 1: Login to Your Trading Platform

Access your trading account using the broker's app or website.

Step 2: Navigate to the IPO Section

Go to the IPO section to view active IPO listings.

Step 3: Select the Open IPO and Click Apply

Locate Msafe Equipments Limited IPO in the list of available IPOs and click the ‘Apply’ button.

Step 4: Enter the Quantity of Shares You Wish to Apply For

Specify the number of shares (lot size: 1000 shares) within the price band of ₹116 to ₹123 per share.

Step 5: Provide Your UPI ID

Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.

Step 6: Confirm the Application

Review your application details and confirm the UPI mandate before 5 PM on the last application day.

Step 7: Complete the Process and Wait for Allotment

Submit the application and monitor the allotment status to check if shares have been allocated to you.

Shares Offered in Msafe Equipments IPO

The allocation of shares in the Msafe Equipments IPO is structured across investor categories in line with applicable regulatory requirements. The issue provides defined reservations for qualified institutional buyers, non-institutional investors, and retail individual investors, with each category allotted a specified proportion of the net issue. This allocation framework outlines how the shares offered are distributed among different classes of investors.

Investor Category

Shares Offered

Market Maker Shares Offered

2,98,000 (5.52%)

QIB Shares Offered

25,42,000 (47.07%)

  − Anchor Investor Shares Offered

15,25,000 (28.24%)

  − QIB (Ex. Anchor) Shares Offered

10,17,000 (18.83%)

NII (HNI) Shares Offered

7,74,000 (14.33%)

  − bNII > ₹10L

5,16,000 (9.56%)

  − sNII < ₹10L

2,58,000 (4.78%)

Retail Shares Offered

17,86,000 (33.07%)

Total Shares Offered

54,00,000 (100.00%)

This reservation structure reflects the categorisation and allocation approach disclosed for the issue, indicating the proportion of shares available to each investor segment.

Financial Health and Performance

Key Financial Metrics

  • Total Assets: Grew from ₹33.54 crore in FY23 to ₹87.67 crore as of Sept 2025.

  • Total income: Reached ₹49.07 crore in Sept 2025, as compared to ₹29.71 crore in FY23.

  • Profit After Tax (PAT): Stood at ₹10.50 crore for Sept 2025 as compared to ₹3.65 crore in FY23.

  • Net Worth: Recorded at ₹36.15 crore in Sept 2025 in comparison to ₹6.09 crore in FY23.

  • Reserves and surplus: Stood at ₹20.15 crore in Sept 2025, as compared to ₹5.09 crore in FY23.

  • EBITDA: Stood at ₹19.21 crore in Sept 2025 in comparison to ₹9.19 crore in FY23.

Recent Performance and Growth Prospects

  • The company has reported a steady expansion in its asset base over the recent periods, reflecting a scale-up in operations and business activity.

  • Income levels have shown consistent improvement, indicating higher operational throughput and wider market presence compared to earlier years.

  • Profitability has strengthened during the same period, supported by improved operating performance and business execution.

  • The company’s net worth has increased, primarily due to retained earnings and internal capital generation.

  • Reserves and surplus have also grown, reflecting the accumulation of earnings within the business.

  • Operating performance has shown improvement, supported by higher activity levels across manufacturing, sales, and rental operations.

  • The company’s presence across multiple states and sectors has contributed to stable business momentum.

  • Its diversified product portfolio and distribution network continue to support operational continuity across different customer segments.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • The company’s operations are closely linked to construction and infrastructure-related activities, which may be influenced by changes in project timelines, regulatory approvals, and overall industry conditions.

  • A significant portion of business involves manufacturing and rental operations, which may require ongoing capital expenditure and efficient utilisation of facilities to maintain operational stability.

Opportunities and Growth Potential

  • The company’s diversified product portfolio and presence across multiple end-use sectors provide scope for continued business engagement across different customer segments.

  • Planned capital expenditure towards new manufacturing facilities and rental equipment may support operational expansion and wider service coverage, subject to execution and market conditions.

Key Performance Indicator (KPI)

KPI

Sept 30, 2025

Mar 31, 2025

ROE

33.98%

67.97%

ROCE

21.21%

34.56%

RoNW

29.05%

50.73%

PAT Margin

21.42%

18.24%

EBITDA Margin

39.20%

36.55%

Price to Book Value

5.44

7.67

Msafe Equipments Limited IPO Registrar & Lead Managers

Registrar

Lead Manager(s)

Maashitla Securities Pvt.Ltd. 

Seren Capital Pvt.Ltd.

Company Address of Msafe Equipments Limited

Msafe Equipments Ltd. F-311, 3rd Floor Aditya Arcade Plot No. 30 Community Center, Preet Vihar, East Delhi New Delhi, 110092

Phone: +91-88822 07104

Email: info@msafegroup.com

Website: https://www.msafegroup.com/

Conclusion

Msafe Equipments Limited operates in the manufacturing, sale, and rental of access and height-safety equipment used across construction, maintenance, and infrastructure-related activities. The company’s operations are supported by manufacturing facilities in Greater Noida and a warehouse network across multiple states, enabling distribution and rental services to various end-use sectors. The IPO has been structured to support capital expenditure, working capital requirements, and general corporate purposes, as disclosed in the offer details.

The application process for the IPO follows the standard ASBA and online platform-based mechanism available to eligible investors with a demat and trading account. Applicants are required to complete the bidding process within the specified timeline and authorise fund blocking through their bank or UPI mandate. The allotment and listing process will follow the schedule outlined in the offer documents.

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Msafe Equipments IPO allotment status

Frequently Asked Questions

No result found

search icon
Published Date : 28 Jan 2026

Disclaimer :

The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes. The securities are quoted as an example and not as a recommendation. Past performance is not necessarily a guide to future performance.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

[ Read More ]

For more disclaimer, check here : https://www.bajajbroking.in/disclaimer

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

11 lakh+ Users

icon-with-text

4.8 App Rating

icon-with-text

4 Languages

icon-with-text

₹7,900+ Cr MTF Book

icon-with-text
banner-icon

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|

Please Enter Mobile Number

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|