Who is the CEO of Msafe Equipments Ltd?
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Mr. Pradeep Aggarwal is the Promoter, Chairman and Managing Director of Msafe Equipments Ltd, a company operating in construction safety gear and scaffolding.
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.
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 |
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
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 |
₹116 to ₹123 per share
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 |
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:
Access your trading account using the broker's app or website.
Go to the IPO section to view active IPO listings.
Locate Msafe Equipments Limited IPO in the list of available IPOs and click the ‘Apply’ button.
Specify the number of shares (lot size: 1000 shares) within the price band of ₹116 to ₹123 per share.
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Submit the application and monitor the allotment status to check if shares have been allocated to you.
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.
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.
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.
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.
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.
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 |
Registrar | Lead Manager(s) |
Maashitla Securities Pvt.Ltd. | Seren Capital Pvt.Ltd. |
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/
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.
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Mr. Pradeep Aggarwal is the Promoter, Chairman and Managing Director of Msafe Equipments Ltd, a company operating in construction safety gear and scaffolding.
The Msafe Equipments Limited IPO is scheduled to open for subscription on January 28, 2026, and will close on January 30, 2026, as per the disclosed IPO timeline.
Msafe Equipments Limited is engaged in the manufacturing, sale, and rental of access and height-safety equipment used in construction, maintenance, installation, repair, and infrastructure activities. Its business model is supported by a diversified product portfolio, multiple manufacturing facilities, and a warehouse network across several states, which enables service delivery across different end-use sectors. The long-term sustainability of the business depends on industry conditions, execution capability, and demand from infrastructure-linked sectors.
The IPO consists of 54,00,000 equity shares with an aggregate issue size of up to ₹66 crore, as disclosed in the issue details.
The pre-apply facility allows investors to place their IPO application before the official opening date. The application is submitted in advance, but the fund blocking and final confirmation take place only when the IPO opens for subscription.
The IPO lot size is 1,000 shares. Retail investors are required to apply for a minimum of two lots, which means a minimum application size of 2,000 shares, as per the issue structure.
The tentative allotment date for the Msafe Equipments Limited IPO is February 2, 2026, based on the schedule provided in the offer details.
Maashitla Securities Pvt. Ltd. has been appointed as the registrar for the Msafe Equipments Limited IPO, as disclosed in the issue information.
There are no publicly stated governance issues or red flags highlighted. Investors may review the offer documents, including sections on management, board composition, and risk factors, for detailed and verified disclosures.
Investors can apply for the IPO through the ASBA facility using their bank account or through the IPO section of their trading platform. The process involves selecting the IPO, entering the bid details, providing a UPI ID or bank authorisation, and confirming the application before the cut-off time on the closing date.
Yes, a valid demat account is required to apply for the Msafe Equipments IPO, as the shares, if allotted, will be credited in electronic form to the investor’s demat account.
Investors can check the allotment status on the registrar’s website after the allotment date or through their trading platform. If shares are allotted, they will be credited to the demat account before the tentative listing date, and unallotted funds will be released as per the schedule.
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