Msafe Equipments Limited
ListedSMEIndustrials & Construction Equipment · BSE
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, with a product portfolio that includes aluminium scaffoldings, mild steel scaffoldings, aluminium ladders, and fibre reinforced plastic ladders catering to construction, maintenance, installation, repair, and infrastructure development activities. The company operates three manufacturing facilities in Greater Noida, Uttar Pradesh, and is supported by a network of 17 warehouses across states such as Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal, enabling efficient storage, dispatch, and collection for both sales and rental operations. During FY 2025, Msafe supplied products across 22 states and 3 union territories, serving clients in sectors including construction, HVAC, MEP, electrical works, fire safety, interiors, and warehousing, and as of June 30, 2025, the company employed 299 permanent staff and 28 contractual employees to support its nationwide operations.
Price Band
₹116 – ₹123
Issue Size
₹66.42 Cr
Lot Size
1000 shares
GMP
₹18
+14.6%
Est. Listing
₹141
at current GMP
Subscribed
166.81x
overall
Open
28 Jan 2026
Close
30 Jan 2026
Allotment
2 Feb 2026
Refund
3 Feb 2026
Demat Credit
4 Feb 2026
Listing
4 Feb 2026
Last updated 12 days ago
Official Registrar Verification
Msafe Equipments Limited Allotment Status
Designated Registrar: Maashitla Securities Private Limited
Allotment Date
2 Feb 2026
Basis finalization
Refunds Initiate
3 Feb 2026
Mandate release
Demat Credit
4 Feb 2026
Shares in demat
Listing Debut
4 Feb 2026
Trading begins
How to Check Msafe Equipments Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Maashitla Securities Private Limited's allotment portal.
- Select Msafe Equipments Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Msafe Equipments Limited Public Issue & Market Profile
Msafe Equipments Limited is bringing an initial public offering (IPO) in the Industrials & Construction Equipment sector with an aggregate issue size of ₹66.42 Crores. The shares are offered at a price band of ₹116 to ₹123 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2026-01-30, the basis of allotment is scheduled to be finalized on 2026-02-02. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.