Msafe Equipments Ltd IPO Overview : Msafe Equipments Ltd is a leading manufacturer and supplier of high-quality access and safety equipment, including aluminum scaffoldings and ladders. Their IPO is a book-built issue aimed at funding a new manufacturing facility and meeting working capital requirements.
Msafe Equipments Ltd Quick IPO Details
- IPO Date: January 28, 2026, to January 30, 2026
- Price Band: ₹116 to ₹123 per share
- Lot Size: 1,000 Shares
- Total Issue Size: ₹66.42 Crore
- Listing At: BSE SME
Msafe Equipments IPO GMP Today
The Grey Market Premium (GMP) is a key indicator of investor sentiment before the official listing.
| Date | IPO Price | GMP (Estimated) | Estimated Listing Price | Potential Gain |
| Jan 29, 2026 | ₹123 | ₹23 | ₹146 | ~18.7% |
| Jan 28, 2026 | ₹123 | ₹21 | ₹144 | ~17.1% |
| Jan 27, 2026 | ₹123 | ₹20 | ₹143 | ~16.3% |
Note: GMP is volatile and should not be the sole basis for investment. It reflects unofficial market demand.
Important Dates & Timeline
Mark your calendar with these critical dates to ensure you don’t miss the bidding or allotment window.
- IPO Open Date: Wednesday, January 28, 2026
- IPO Close Date: Friday, January 30, 2026
- Allotment Finalization: Monday, February 2, 2026
- Refund Initiation: Tuesday, February 3, 2026
- Credit of Shares to Demat: Tuesday, February 3, 2026
- Listing Date: Wednesday, February 4, 2026
How to Check Msafe Equipments IPO Allotment Status
The allotment is expected to be finalized on February 2, 2026. You can check your status through the following official channels:
- Via Registrar (Maashitla Securities)
- Visit the Maashitla Securities Allotment Page.
- Select “Msafe Equipments Ltd” from the dropdown menu.
- Enter your PAN Number, Application Number, or DP Client ID.
- Click Submit to view your allotment results.
- Via BSE Website
- Go to the BSE IPO Allotment Page.
- Select Equity as the issue type.
- Choose Msafe Equipments Ltd from the list.
- Enter your Application Number and PAN.
- Complete the Captcha and click Search.
Subscription Status (Day 2 Update)
As of the afternoon of January 29, 2026, the IPO has seen robust interest, particularly from retail and non-institutional investors.
- Retail Category: Subscribed ~15.15x
- NII (Non-Institutional): Subscribed ~26.65x
- QIB (Institutional): Subscribed ~0.81x
- Total Subscription: ~13.56x
Key Financials & Strengths
- Revenue Growth: Increased from ₹48.13 Cr (FY24) to ₹71.34 Cr (FY25).
- Profit After Tax (PAT): Doubled from ₹6.55 Cr to ₹13.01 Cr in the same period.
- Network: Operates 3 manufacturing units in Greater Noida and 17 warehouses across India.
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