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Msafe Equipments IPO is an SME IPO with Fresh issue and OFS and Book Built Issue. The company will raise upto ₹66 crore 42 lakh for 54,00,000 shares from the IPO. The IPO issue size is 54,00,000 shares (aggregating up to ₹66 crore 42 lakh), fresh issue: 44,00,000 shares (aggregating up to ₹54 crore 12 lakh) and offer for sale: 10,00,000 shares (aggregating up to ₹12 crore 30 lakh).
is the lead manager and Maashitla Securities Pvt Ltd is the registrar of IPO.

The IPO will open for subscription on 28 January 2026 and close on 30 January 2026. The basis of allotment will be decided on 2 February 2026 and Msafe Equipments IPO shares will be listed on 4 February 2026 at BSE SME.

Price band for IPO is ₹116 to ₹123 per share, minimum and maximum amount required for retail investor is ₹2,46,000 (2,000 shares, 2 lots), minimum amount required for sHni investor is ₹3,69,000 (3,000 shares, 3 lots) and maximum amount for which shni investor can apply for is ₹9,84,000 (8,000 shares, 8 lots). Minimum amount required for bHni investor is ₹11,07,000 (9,000 shares, 9 lots).

Msafe Equipments IPO Details, Price, Market Lot

Msafe Equipments IPO Details
IPO Open Date
IPO Close Date
IPO Issue Size
Issue (Sale Type)
Fresh Issue
Offer for Sale
Offered to Public
Reserved for Market Maker
Market Maker
Share Holding (Pre Issue)
Share Holding (Post Issue)
Listing At
Msafe Equipments IPO Price
has set a price band of , lot size is of and face value is .
Face Value
Price Band
₹116 to ₹123 per share
Lot Size
1,000 shares
IPO Issue Type
Msafe Equipments IPO Time Table
IPO will open for subscription on and close on . Basis of Allotment will be decided on , initiation of refund will begin on and IPO will be listed on at .
IPO Open Date
IPO Close Date
Basis of Allotment Date
Initiation of Refunds
Credit of Share to Demat Account
IPO Listing Date
IPO Cut-off time (UPI mandate confirmation)
Msafe Equipments IPO Reservation
Total shares offered by IPO is . Out of which is reserved for retail, is reserved for HNI (NII), is reserved for QIB, and is reserved for market maker .
Retail Quota
NII Quota
QIB Quota
Market Maker Quota
Total
Company Promotor & Promotor's Holding
Pre Issue Promotor Holding
Post Issue Promotor Holding
Msafe Equipments IPO Registrar
Msafe Equipments IPO Lead Manager
is the book running lead manager, is the registrar and the market maker of the IPO
IPO Financial Indicator (valuations)
Market Capitalization
Debt/Equity
ROE
ROCE
RONW
P/BV
PAT Margin
EBITDA
Msafe Equipments IPO P/E ratio and EPS
EPS (Pre IPO)
EPS (Post IPO)
P/E ratio (Pre IPO)
P/E ratio (Post IPO)

Msafe Equipments IPO Lot Size and Required Amount

has set a price band of and lot size is of . Retail investors can bid for a minimum and maximum of lots ( shares), requiring an investment of . Small HNI (sHNI) investors can bid for a minimum of lots ( shares), requiring an investment of and maximum of lots ( shares), requiring an investment of . Big HNI (bids > 10 Lakh, bHNI) investors can bid for a minimum of Lots ( shares), requiring an investment of . Calculated at the cut-off price (the upper end of the price band).

Number of Shares Per Lot =
Application Lot(s) Shares Amount
Retail (Minimum)
Retail (Maximum)
S-HNI (Minimum)
S-HNI (Maximum)
B-HNI (Minimum)
Number of Shares Per Lot =
Application Lot(s) Shares Amount
Retail (Min)
Retail (Max)
S-HNI (Min)  
S-HNI (Max)
B-HNI (Min)

Msafe Equipments Financials

Msafe Equipments SME Financials
Annual Performance (31 Mar 25 vs 31 Mar 24)
Msafe Equipments SME's Assets increased by 52.7%, Revenue increased by 48.2%, Profit After Tax increased by 98.6%, EBITDA increased by 72.5%, Net Worth increased by 102.9%, Total Borrowing increased by 25.9%, Reserves & Surplus increased by 111.8% compared to the previous financial year.
Assets
▲ 52.7% (25.4)
Revenue
▲ 48.2% (23.28)
Profit After Tax
▲ 98.6% (6.46)
EBITDA
▲ 72.5% (10.96)
Net Worth
▲ 102.9% (13.01)
Total Borrowing
▲ 25.9% (6.69)
Reserves & Surplus
▲ 111.8% (13.01)

Previous Financial Year Growth (31 Mar 24 vs 31 Mar 23)
Comparing 31 Mar 24 with 31 Mar 23, Assets increased by 43.7%, Revenue increased by 62.7%, Profit After Tax increased by 79.5%, EBITDA increased by 64.5%, Net Worth increased by 107.6%, Total Borrowing increased by 27%, Reserves & Surplus increased by 128.7%.
Assets (Prev Yr)
▲ 43.7% (14.65)
Revenue (Prev Yr)
▲ 62.7% (18.63)
Profit After Tax (Prev Yr)
▲ 79.5% (2.9)
EBITDA (Prev Yr)
▲ 64.5% (5.93)
Net Worth (Prev Yr)
▲ 107.6% (6.55)
Total Borrowing (Prev Yr)
▲ 27% (5.5)
Reserves & Surplus (Prev Yr)
▲ 128.7% (6.55)

2-Year Performance Change (31 Mar 23 To 31 Mar 25)
Between 31 Mar 25 and 31 Mar 23, Assets increased by 119.4%, Revenue increased by 141.1%, Profit After Tax increased by 256.4%, EBITDA increased by 183.8%, Net Worth increased by 321.2%, Total Borrowing increased by 59.8%, Reserves & Surplus increased by 384.3%.
Assets (2-Yr Change)
▲ 119.4% (40.05)
Revenue (2-Yr Change)
▲ 141.1% (41.91)
Profit After Tax (2-Yr Change)
▲ 256.4% (9.36)
EBITDA (2-Yr Change)
▲ 183.8% (16.89)
Net Worth (2-Yr Change)
▲ 321.2% (19.56)
Total Borrowing (2-Yr Change)
▲ 59.8% (12.19)
Reserves & Surplus (2-Yr Change)
▲ 384.3% (19.56)
  30 Sep 25 In Cr. 31 Mar 25 In Cr. 31 Mar 24 In Cr. 31 Mar 23 In Cr.
Assets 87.67 73.59 48.19 33.54
Revenue 49.07 71.62 48.34 29.71
Profit After Tax 10.5 13.01 6.55 3.65
EBITDA 19.21 26.08 15.12 9.19
Net Worth 36.15 25.65 12.64 6.09
Total Borrowing 37.67 32.56 25.87 20.37
Reserves & Surplus 20.15 24.65 11.64 5.09

Msafe Equipments IPO Listed Peers Comparison

Company NameP/E ratioEPS (Basic)EPS (Diluted)NAV (per share)RoNW (%)P/BV
Techno Craft India Industries Ltd19.90(Techno)112.32(Techno)112.32(Techno)(Techno)14.84(Techno)(Techno)
Msafe Equipments Ltd(Msafe)8.13(Msafe)8.13(Msafe)(Msafe)50.73(Msafe)(Msafe)

About Msafe Equipments

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Objects of the Issue

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Msafe Equipments IPO Subscription Status

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Contact & Address
Address:
Phone:
Email:
Website:
IPO Prospectus

Msafe Equipments IPO FAQs

Msafe Equipments IPO is an SME IPO. The company will raise upto ₹66 crore 42 lakh for 54,00,000 shares. Face value is ₹10 per share, Price band is ₹116 to ₹123 per share, and cutt off price is ₹123 per share. The IPO opens on 28 January 2026 and closes on 30 January 2026. Maashitla Securities Pvt Ltd is the registrar and shares of Msafe Equipments IPO will be listed at BSE SME.

The issue size of IPO is 54,00,000 shares (aggregating up to ₹66 crore 42 lakh). For fresh issue: 44,00,000 shares (aggregating up to ₹54 crore 12 lakh) and for offer for sale: 10,00,000 shares (aggregating up to ₹12 crore 30 lakh).

Price band for IPO is ₹116 to ₹123 per share.

The lot size of Msafe Equipments IPO is of 1000. Minimum order quantity for retail investor is 2,000 shares (2 lots) and required amount is ₹2,46,000. Minimum order quantity for sHNI is 3,000 shares ( lots) and required amount is ₹3,69,000. Minimum order quantity for bHNI investor is 9,000 shares ( lots) and required amount is ₹11,07,000.

The investors portion reserved for QIB is 25,42,000 shares (47.07%), reserved for HNI is 7,74,000 shares (14.33%) and 17,86,000 shares (33.07%) reserved for retail investors.

The IPO will be available for subscription from 28 January 2026 to 30 January 2026. IPO open date is 28 January 2026 and close date is 30 January 2026.

Allotment date for IPO is 2 February 2026. On the allotment date, after the IPO allotment status is announced, investors can check their IPO application allotment status on their respective IPO registrar.

The registrar for IPO is Maashitla Securities Pvt Ltd.

The IPO will be listed on 4 February 2026 at BSE SME.