Msafe Equipments IPO: Climbing High in the Safety & Access Solutions Segment IPO
IPO Details
| Price Band | ₹116 - ₹123 |
| Lot Size | 1000 shares |
| Minimum Investment | ₹123,000 |
| Issue Size | ₹66.42 Crores |
| Face Value | ₹10 |
IPO Timeline
Subscription Status
Grey Market Premium (GMP)
⚠️ GMP is not an indicator of listing performance. It is based on unofficial grey market trading.
Company Financials
About the Company
Introduction
Msafe Equipments Limited is a leading provider of comprehensive safety and access solutions for the construction, industrial, and infrastructure sectors. Specializing in high-quality aluminium scaffolding, mobile access towers, and specialized safety gear, Msafe has become a critical partner for ensuring worker safety on complex projects. The company is now launching its SME IPO to expand its manufacturing capacity and rental fleet.
IPO Snapshot
- Price Band: ₹116 – ₹123 per share
- Issue Size: ₹66.42 Cr
- Type: SME IPO
- Lot Size: 1000 shares
- Face Value: ₹10 per share
- Dates: Jan 28 – Jan 30, 2026
Company Deep Dive
Msafe Equipments designs and manufactures its products in conformance with international safety standards like EN 1004. Their product range includes folding towers, cantilever systems, and bespoke access solutions for irregular structures. The company operates both a sales and a rental model, providing flexibility to their diverse client base which includes top construction firms and industrial plants across India.
Financial Performance
The company has demonstrated strong profitability through its dual-revenue model. For the most recent fiscal year, Msafe Equipments reported total revenue of ₹71.6 Cr. Its Profit After Tax (PAT) stood at ₹13.01 Cr, indicating high margins specifically in the specialized equipment rental and sales segment.
Objectives of the Issue
The proceeds from the Fresh Issue will be primarily utilized for:
- Setting up a new automated manufacturing facility for aluminium scaffolding.
- Expanding the rental fleet of mobile access towers.
- Enhancing the national sales and service network.
- General corporate purposes.
Risk Factors
- Infrastructure Sector Dependency: Any slowdown in the construction or infrastructure sectors can impact demand for safety equipment.
- Raw Material Costs: Fluctuations in the price of aluminium can impact production costs and margins.
- Regulatory Compliance: Strict adherence to occupational health and safety regulations is mandatory and evolving.
IPO Parties
| Registrar | -- |
| Lead Manager(s) | -- |