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

    Published Date : 28 Jan 2026

    Disclaimer :

    Investments in 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.


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    Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



    This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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