Msafe Equipments IPO open date is January 28, 2026, and the IPO will close on January 30, 2026. The allotment for the IPO is expected to be finalised on February 2, 2026, while the listing is scheduled on BSE SME on February 4, 2026.
Msafe Equipments IPO is a Book Build Issue through which the company plans to raise around ₹66.42 crores. The issue consists of a fresh issue of ₹54.12 crores and an offer for sale of up to 10,00,000 equity shares with a face value of ₹10 each.
The IPO price band is fixed at ₹116 to ₹123 per share. The retail investors’ quota is 35 percent, QIB quota is 50 percent, and HNI quota is 15 percent.
Contents
Msafe Equipments IPO Details
| Particular | Details |
|---|---|
| IPO Open Date | January 28, 2026 |
| IPO Close Date | January 30, 2026 |
| Face Value | ₹10 per Equity Share |
| IPO Price Band | ₹116 to ₹123 per Share |
| Issue Size | Approx ₹66.42 Crores |
| Fresh Issue | Approx ₹54.12 Crores |
| Offer for Sale | Up to 10,00,000 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Msafe Equipments IPO
Open: 28-30 Jan
Issue Size: ₹66.42 Cr.
Objective: Raise funds to expand manufacturing, add rental fleet, and support working capital.
Exchange: BSE SME
Msafe Equipments IPO Review
Msafe Equipments has shown strong growth in both revenue and profitability over the last three financial years. Revenue increased from ₹48.34 crores in FY2024 to ₹71.62 crores in FY2025, while profit after tax almost doubled during the same period..
The company maintains healthy margins and strong return ratios, indicating efficient operations. However, being an SME IPO, liquidity risks and higher volatility should be considered. Long-term investors with moderate risk appetite may evaluate this IPO based on business expansion plans and improving financials.
Track GMP: Msafe Equipments IPO GMP Today
Msafe Equipments IPO Market Lot
The minimum market lot for the Msafe Equipments IPO is 2,000 shares, requiring a minimum investment of ₹2,46,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹2,46,000 |
| Retail Maximum | 2 | 2,000 | ₹2,46,000 |
| S-HNI Minimum | 3 | 3,000 | ₹3,69,000 |
| S-HNI Maximum | 8 | 8,000 | ₹9,84,000 |
| B-HNI Minimum | 9 | 9,000 | ₹11,07,000 |
IPO Reservation
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor | – | – |
| QIB (Excluding Anchor) | 25,42,000 Shares | 50% |
| NII | 7,74,000 Shares | 14.33% |
| Retail | 17,86,000 Shares | 33.07% |
Msafe Equipments IPO Anchor Investors
| Particular | Details |
|---|---|
| Anchor Bidding Date | January 2026 |
| Anchor Investors List | View PDF |
| Shares Offered | To be updated |
| Anchor Size | To be updated |
| Lock-in Period (50% – 30 Days) | 2026 |
| Lock-in Period (50% – 90 Days) | 2026 |
Msafe Equipments IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | January 28, 2026 |
| IPO Close Date | January 30, 2026 |
| Basis of Allotment | February 2, 2026 |
| Refunds | February 3, 2026 |
| Credit to Demat Account | February 3, 2026 |
| IPO Listing Date | February 4, 2026 |
| IPO Bidding Cut-off Time | January 30, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of Msafe Equipments Limited are Pradeep Aggarwal, Ajay Kumar Kanoi, Vansh Aggarwal, Rushil Agarwal, Gaurav Ajay Kumar Kanoi, Rajani Ajay Kanoi, and Monika Aggarwal.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,60,00,000 | 15.12% |
| Promoter Holding Post Issue | 2,04,00,000 | 19.28% |
Objects of the Issue
The company proposes to utilise the net proceeds from the IPO primarily for capital expenditure towards setting up a new manufacturing facility amounting to ₹27.20 crores.
A further ₹10.00 crores will be used for capital expenditure related to manufacturing equipment for rental purposes. Additionally, ₹15.00 crores will be allocated towards meeting working capital requirements. The remaining funds will be used for general corporate purposes.
About Msafe Equipments Limited
Msafe Equipments Limited is engaged in the manufacturing and supply of specialised equipment. The company focuses on operational efficiency, capacity expansion, and catering to infrastructure and industrial requirements. Further company background details are expected to be updated in the final prospectus.
Msafe Equipments Limited has demonstrated consistent growth supported by increasing demand for industrial and infrastructure-related equipment. The company has shown strong operational leverage, reflected in improving EBITDA and PAT margins.
High ROE and RoNW indicate efficient utilisation of shareholder funds. Expansion through a new manufacturing facility is expected to enhance capacity and revenue visibility in the coming years.
However, as an SME-listed entity, the business remains sensitive to economic cycles and project-based demand. Overall, the company’s financial health appears stable, supported by rising revenues, controlled expenses, and scalable business operations.
Msafe Equipments IPO Company Financial Report
Amount in ₹ Crores
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 29.71 | 24.83 | 3.65 | 33.54 |
| 2024 | 48.34 | 39.58 | 6.55 | 48.19 |
| 2025 | 71.62 | 54.19 | 13.01 | 73.59 |
Msafe Equipments IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | 67.97% |
| ROCE | 34.56% |
| EBITDA Margin | 36.55% |
| PAT Margin | 18.24% |
| Debt to Equity Ratio | – |
| EPS | ₹8.13 (Basic) |
| P/E Ratio | N/A |
| Return on Net Worth | 50.73% |
| Net Asset Value | ₹16.03 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Techno Craft India Industries Limited | 112.32 | 24.60 | 14.84% | 781.69 | ₹2,595.58 Cr |
IPO Lead Managers
| Details |
|---|
| Seren Capital Pvt. Ltd. |
Company Address
| Particular | Details |
|---|---|
| Company Name | Msafe Equipments Ltd. |
| Address | F-311, 3rd Floor, Aditya Arcade Plot No. 30, Community Center, Preet Vihar, East Delhi |
| City | New Delhi |
| State | Delhi |
| PIN Code | 110092 |
| Phone | +91-88822 07104 |
| info@msafegroup.com | |
| Website | www.msafegroup.com |
IPO Registrar
| Particular | Details |
|---|---|
| Registrar | Maashitla Securities Pvt. Ltd. |
| Phone | +91-11-45121795-96 |
| investor.po@maashitla.com | |
| Website | maashitla.com |
Msafe Equipments IPO FAQs
What is Msafe Equipments IPO?
Msafe Equipments IPO is an SME IPO through which the company aims to raise ₹66.42 crores. The issue is priced between ₹116 and ₹123 per share and will be listed on BSE SME.
When will Msafe Equipments IPO open for subscription?
The IPO will open on January 28, 2026, and close on January 30, 2026, for QIB, NII, and Retail investors.
What is the investor quota for Msafe Equipments IPO?
The allocation is 50 percent for QIBs, 15 percent for NIIs, and 35 percent for retail investors.
How to apply for Msafe Equipments IPO?
Investors can apply through ASBA using their bank account or via UPI through stockbrokers. Offline applications through brokers are also available.
What is Msafe Equipments IPO issue size?
The total issue size is ₹66.42 crores.
What is the price band of Msafe Equipments IPO?
The price band is ₹116 to ₹123 per equity share.
What is the lot size for Msafe Equipments IPO?
The minimum application size is 2,000 shares, amounting to ₹2,46,000.
What is the Msafe Equipments IPO allotment date?
The allotment is expected to be finalised on February 2, 2026.
What is the Msafe Equipments IPO listing date?
The IPO is scheduled to list on BSE SME on February 4, 2026.
Expert Comment
Msafe Equipments IPO presents a growth-oriented SME opportunity backed by strong financial performance and expansion-led utilisation of funds.
While valuations appear reasonable considering margins and return ratios, investors should remain mindful of SME liquidity risks and sector cyclicality. Long-term investors with a higher risk tolerance may consider this IPO after assessing overall market conditions.
