Founded in 2019, Msafe Equipments Limited specializes in the manufacturing, sales, and rental of access and height-safety equipment essential for secure operations at elevated worksites. Its comprehensive product range comprises aluminum and mild steel (MS) scaffoldings, as well as aluminum and fibre reinforced plastic (FRP) ladders. These solutions serve critical safety and operational needs across sectors such as construction, maintenance, infrastructure development, and repair work.
The company’s manufacturing operations are based at three facilities located in Greater Noida, Uttar Pradesh. To support its national distribution and rental services, Msafe Equipments maintains a strategic network of 17 warehouses spread across key states, including Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal. This infrastructure ensures the efficient storage, dispatch, and collection of its equipment.
Initial public offering (IPO) for Msafe Equipments is scheduled to open on January 28, 2026, and will close on January 30, 2026. This is a book-built issue through which the company aims to raise approximately ₹66.42 crores. The issue comprises a fresh issue of ₹54.12 crores and an offer for sale of up to 10,00,000 equity shares (face value ₹10 each).
The price band has been set at ₹116 to ₹123 per share. The IPO is set to list on the BSE SME platform on February 4, 2026, following the finalization of the allotment on February 2, 2026. Financially, the company reported a significant increase in revenue, rising from ₹48.34 crores in 2024 to ₹71.62 crores in 2025. Over the same period, its profit also grew substantially, from ₹6.55 crores in 2024 to ₹13.01 crores in 2025.
Msafe Equipments IPO Details
| IPO Date | January 28, 2026 to January 30, 2026 |
| Listing Date | Wed, Feb 4, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹116 to ₹123 |
| Lot Size | 1,000 Shares |
| Issue Size | Approx ₹66.42 Crores |
| Fresh Issue | Approx ₹54.12 Crores |
| Offer for Sale | Approx 10,00,000 Equity Shares |
| Issue Type | Book building IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,60,00,000 shares |
| Share Holding Post Issue | 2,04,00,000 shares |
Msafe Equipments IPO Dates
Initial public offering (IPO) for Msafe Equipments will open for subscription on January 28 and will close on January 30. The finalization of share allotment is scheduled for February 2, with the stock expected to list on the exchange on February 4.
| IPO Open Date | Wed, Jan 28, 2026 |
| IPO Close Date | Fri, Jan 30, 2026 |
| Tentative Allotment | Mon, Feb 2, 2026 |
| Refunds | Tue, Feb 3, 2026 |
| Credit of Shares to Demat | Tue, Feb 3, 2026 |
| Tentative Listing Date | Wed, Feb 4, 2026 |
| UPI Mandate Confirmation Deadline | 5 PM on Fri, Jan 30, 2026 |
Msafe Equipments IPO Market Lot
Retail investors must apply for a minimum lot of 2,000 shares in the Msafe Equipments IPO, at a total cost 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 |
