1. IPO
Msafe Equipments IPO

116.19x

subscribed

Msafe Equipments IPO

Electric Equipment
closed
₹2.32LMin. investment
  1. Pre-apply
    27 Jan
  2. Bid start
    28 Jan
  3. Bid end
    30 Jan
  4. Allotment
    2 Feb
  5. Release of funds
    3 Feb
  6. Demat transfer
    3 Feb
  7. Listing
    4 Feb

Msafe Equipments Limited IPO Details

SectorElectric Equipment
Price range₹116 – ₹123
IPO type
SME
Lot size1000 shares
Issue size₹66Cr
Draft Red Herring Prospectus
Read
Market Cap
₹250.92CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹71.34CrLower than sector avg
Growth rate3Y CAGR
54.98%

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹71.34Cr
This sector
₹1,165.91Cr
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹13.01Cr
This sector
₹116.9Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹250.92Cr
This sector
₹10,304.95Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
15.13
This sector
99.84
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
1.27
This sector
0.59
Compare with companies

Objectives

Funds for new manufacturing unit
59.74%
Working capital
14.81%
General corporate purposes
14.34%
Capex for manufacturing of equipment
11.11%

About Msafe Equipments Limited

Incorporated in 2019, Msafe Equipments is a manufacturer, distributor and lessor of access and height safety equipment, which is primarily used to facilitate safe working at heights. Construction, maintenance, installation, repair and infrastructure projects are the main areas where the company's aluminium and MS scaffoldings, aluminium ladders and FRP ladders are used.
The company runs three factories in Greater Noida, UP. Unit I has a ladder capacity of 720,000 kg per annum and is at 79.85% utilisation in H1 FY26. Unit II has an aluminium scaffolding capacity of 792,000 kg per annum with 85.15% capacity utilisation. Unit III started in May 2025, has an MS scaffolding capacity of 32,85,000 kg per annum and is at 80.62% utilisation. The company is going to build a new manufacturing plant in Mathura, UP, the cost of which has been estimated at 3,702.22 lakhs. After the completion of the project, the total installed capacity for MS scaffolding will be 62,85,000 kg per annum, and for aluminium scaffolding and ladders, 25,12,000 kg per annum.
The company adopts a composite revenue model of product sales and rentals. Rentals continue to be a major share of the revenue, 43.07% in H1FY26 and 51.65% in FY25. In FY25, it reached more than 2,500 customers through both channels. The company in FY25 sold its products in 22 states and 3 UTs, with Maharashtra accounting for 30.92% of revenue, Karnataka at 12.71%, and Tamil Nadu at 8.03% being the major markets. Besides that, it exports to the UAE, Nigeria, and the Maldives, which account for 2.23% of the revenue in FY25.

Msafe Equipments IPO Subscription Status

Date
QIB
NII
Retail
Total
28-Jan-26
0.02 times (X)
3.37 times (X)
2.78 times (X)
1.66 times (X)
29-Jan-26
0.24X
26.21X
15.15X
9.56X
30-Jan-26
1.83X
301.4X
131.52X
116.19X

Frequently asked questions

How to invest in the Msafe Equipments IPO ?

Investors can apply for the Msafe Equipments IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Msafe Equipments IPO ?

The issue size of the Msafe Equipments IPO is 66 Cr.

What is 'pre-apply' for Msafe Equipments IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Msafe Equipments IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Application closed