Msafe Equipments Limited is entering the public markets through SME IPO with an issue size of ₹66.00 crore. The issue consists of a fresh issue of ₹50.00 crore and an offer for sale of ₹12.00 crore. The shares are proposed to be listed on BSE & SME.
The IPO subscription window opens on January 28, 2026 and will remain open until January 30, 2026. The company plans to list its shares on February 4, 2026. Being an SME IPO, the issue may appeal to investors familiar with lower liquidity listings.
Msafe Equipments Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Msafe Equipments Limited that investors generally review before applying.
IPO Details at a Glance
| Company Name | Msafe Equipments Limited |
|---|---|
| IPO Segment | SME |
| Sale Type | Fresh Issue + Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Price | ₹116 – ₹123 Per Share |
| Lot Size | 1,000 Shares |
| Face Value | ₹10 Per Share |
| Exchange | BSE & SME |
Investor Category & Share Allocation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 298,000 | 5.52% |
| Qualified Institutional Buyers (QIB) | 2,542,000 | 47.07% |
| — Anchor Investor | 1,525,000 | 28.24% |
| — QIB (Ex Anchor) | 1,017,000 | 18.83% |
| NII (HNI) | 774,000 | 14.33% |
| — bNII > ₹10L | 516,000 | 9.56% |
| — sNII < ₹10L | 258,000 | 4.78% |
| Retail | 1,786,000 | 33.07% |
| Total Shares Offered | 5,400,000 | 100.00% |
Msafe Equipments Limited IPO Important Dates
The following table highlights the key dates for the Msafe Equipments Limited IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 28 Jan 2026 |
|---|---|
| IPO Closing Date | 30 Jan 2026 |
| Allotment Finalization | 02 Feb 2026 |
| Initiation of Refunds | 03 Feb 2026 |
| Credit of Shares | 03 Feb 2026 |
| IPO Listing Date | 04 Feb 2026 |
Msafe Equipments Limited IPO Size
| Total IPO Size | ₹66.00 Crore |
|---|---|
| Offer For Sale | ₹12.00 Crore |
| Fresh Issue | ₹50.00 Crore |
Msafe Equipments IPO IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Msafe Equipments IPO, calculated using the cut-off price. The price band for this IPO ranges from ₹116 to ₹123 per share.
Investors can apply for the IPO with a minimum of 1000 shares. Applications must be made in multiples of 1000 shares.
- Retail investors can apply from 2 lot to 2 lots.
- Small HNI (SHNI) investors must apply for at least 3 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 9 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹123 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹123 | ₹246,000 |
| Retail (Max) | 2 | 2,000 | ₹123 | ₹246,000 |
| S-HNI (Min) | 3 | 3,000 | ₹123 | ₹369,000 |
| S-HNI (Max) | 8 | 8,000 | ₹123 | ₹984,000 |
| B-HNI | 9 | 9,000 | ₹123 | ₹1,107,000 |
IPO Financial Summary
- Total Assets changed by 52.71% in FY 2024-2025.
- Total Revenue changed by 48.16% in FY 2024-2025.
- Profit After Tax changed by 98.63% in FY 2024-2025.
- Reserves & Surplus changed by 111.77% in FY 2024-2025.
- Total Borrowings changed by 25.86% in FY 2024-2025.
| Metric | 2025-09-30 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 87.67 | 73.59 | 48.19 | 33.54 |
| Total Revenue (₹ Cr) | 49.07 | 71.62 | 48.34 | 29.71 |
| Profit After Tax (₹ Cr) | 10.50 | 13.01 | 6.55 | 3.65 |
| Reserves & Surplus (₹ Cr) | 20.15 | 24.65 | 11.64 | 5.09 |
| Total Borrowings (₹ Cr) | 37.67 | 32.56 | 25.87 | 20.37 |
Msafe Equipments IPO Promoter Holding
| Promoter(s) | Pradeep Aggarwal, Ajay Kumar Kanoi, Vansh Aggarwal, Rushil Agarwal, Gaurav Ajay Kumar Kanoi, Rajani Ajay Kanoi and Monika Aggarwal |
|---|---|
| Pre-Issue Holding | 100% |
| Post-Issue Holding | 73.53% |
Msafe Equipments Limited IPO FAQs
The Msafe Equipments Limited IPO is a SME Bookbuilding IPO with a total issue size of ₹66.00 crore.
The IPO will open for subscription on Wed, 28 Jan 2026 and will close on Fri, 30 Jan 2026.
The shares are being offered at a price band of ₹116 to ₹123 per equity share.
Investors can apply for the IPO with a minimum lot size of 1,000 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹246,000.
The shares of Msafe Equipments Limited are expected to be listed on BSE & SME on Wed, 04 Feb 2026.
Each equity share in the IPO has a face value of ₹10.
The IPO consists of a Fresh Issue + Offer For Sale, where shares are being offered by existing shareholders.
How to Apply for Msafe Equipments Limited IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
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