
Industrials & 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
+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: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹123
Band: ₹116 – ₹123
Estimated Listing Price
₹141
Upper price + GMP
Lot Size
1000 shares
Min investment ₹1,23,000
Estimated Profit / Lot
₹18,000
1000 × ₹18
Grey Market Premium trend
+₹18
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹18 | 14.6% | ₹141 |
| 30 Oct 2026 | +₹18 | 14.6% | ₹141 |
| 29 Oct 2026 | +₹16 | 13.2% | ₹139 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
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.
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.
The latest grey market premium for Msafe Equipments Limited IPO is ₹18, which indicates an expected listing price of ₹141.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.