Msafe Equipments Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,542,000 (47%) | — | ₹3,127 Cr |
| NII (HNI) | — | 774,000 (14%) | — | ₹952 Cr |
| Retail | — | 1,786,000 (33%) | — | ₹2,197 Cr |
| Market Maker | — | 298,000 (6%) | — | ₹37 Cr |
| Σ Total | — | 5,400,000 (100%) | — | ₹66,420 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹123,000 |
| Retail (Max) | 13 | 13,000 | ₹1,599,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,722,000 |
| B-HNI (Min) | 67 | 67,000 | ₹8,241,000 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 49 | 72 | 48 |
| EBITDA | 19 | 26 | 15 |
| Profit After Tax | 11 | 13 | 7 |
| Net Worth | 36 | 26 | 13 |
| Total Assets | 88 | 74 | 48 |
| Reserves & Surplus | 20 | 25 | 12 |
| Total Borrowing | 38 | 33 | 26 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding of Capital expenditure towards setup of a new Manufacturing Facility. – 32.26
- Funding of Capital expenditure for manufacturing of equipments for Rental purpose. – 6.00
- Utilization towards working capital requirements. – 8.00
- General corporate purposes –
Company Overview
Incorporated in 2019, Msafe Equipments Limited is engaged in the manufacturing, sales, and rental of access and height-safety equipment used for safe working at heights.
Its product portfolio includes aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders, and fibre reinforced plastic (FRP) ladders, catering to operational and safety needs across construction, maintenance, installation, repair, and infrastructure development activities.
The Company operates three manufacturing facilities in Greater Noida, Uttar Pradesh, supported by a network of 17 warehouses across multiple states including Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal. These facilities enable efficient storage, dispatch, and collection of products for both sales and rentals.
During Fiscal 2025, Msafe supplied products across 22 States and 3 Union Territories, serving diverse client requirements in sectors such as construction, HVAC, MEP, electrical works, fire safety, interiors, and warehousing.
As of June 30, 2025, the Company employed 299 permanent staff and 28 contractual employees, ensuring operational efficiency and nationwide reach.