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Msafe Equipments

Listed

IPO Timeline

Issue open date

28 Jan 2026

Issue close date

30 Jan 2026

UPI mandate deadline

30 Jan 2026

Allotment finalization

2 Feb 2026

Refund initiation

3 Feb 2026

Share credit

3 Feb 2026

Listing date

4 Feb 2026

Mandate end date

14 Feb 2026

Lock-in end date for anchor investors (50%)

4 Mar 2026

Lock-in end date for anchor investors (remaining)

3 May 2026

Grey Market Premium Trend

₹21
Current GMP
₹144
Est. Listing Price
17.1%
Est. Listing Gain
₹116 - ₹123
Price Band

GMP History

DateGMP (₹)Est. Listing Price (₹)Est. Listing Gain
3 Feb₹21₹14417.07%
2 Feb₹21₹14417.07%
1 Feb₹20₹14316.26%
31 Jan₹26₹14921.14%
30 Jan₹26₹14921.14%
29 Jan₹26₹14921.14%
28 Jan₹25₹14820.33%
27 Jan₹23₹14618.70%
26 Jan₹20₹14316.26%
25 Jan₹11₹1348.94%
24 Jan₹11₹1348.94%
23 Jan₹11₹1348.94%
22 Jan₹11₹1348.94%
21 Jan₹7₹1305.69%

Key Dates

Open
28 Jan 2026
Close
30 Jan 2026
Listing
4 Feb 2026

Quick Stats

Issue Size:66cr
Lot Size:1000 shares

About the Company

Incorporated in 2019, the company is engaged in the manufacturing, sale, and rental of access and height-safety equipment used for safe working at heights. Its product portfolio includes aluminium scaffoldings, mild steel scaffoldings, aluminium ladders, and fibre reinforced plastic ladders, designed to meet diverse safety and operational needs. These solutions are used across construction, maintenance, installation, repair, and infrastructure projects, supporting activities such as facade works, HVAC and MEP installations, electrical works, interior finishing, firefighting, and warehouse operations, while reducing workplace safety risks.

Strengths

  • In-house manufacturing with a large installed capacity across aluminium and MS products
  • Diversified product mix across scaffolding, ladders, and rental solutions
  • Strong presence in infrastructure and large construction projects across India
  • Established rental model providing recurring revenue visibility
  • Expansion plans aligned with the rising demand for access and height-safety equipment

Risks

  • Business heavily dependent on construction and infrastructure sector cycles
  • Delays in land acquisition and approvals may impact new facility setup
  • High trade receivables may strain cash flows and liquidity
  • Economic slowdowns or global instability can affect demand and profitability
  • The business is labour-intensive and may be impacted by labour shortages, wage pressures, or work stoppages.

Msafe Equipments IPO – Frequently Asked Questions

  • The price band for the Msafe Equipments IPO is set at ₹116 to ₹123 per share.
  • The Msafe Equipments IPO opens on January 28, 2026 and closes on January 30, 2026.
  • The tentative listing date for the Msafe Equipments IPO is February 4, 2026.
  • You can apply for the Msafe Equipments IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Msafe Equipments, enter lot quantity and UPI ID, then approve the mandate.
  • The lot size for the Msafe Equipments IPO is 1000 shares. Investors must apply for at least one lot (i.e., 1000 shares).