The Msafe Equipments IPO will open for subscription on January 28, 2026, aiming to raise ₹66.42 crore through a mix of fresh issue and offer for sale. Priced at ₹116–₹123 per share, the IPO will list on BSE SME. Grey Market Premium (GMP) signals healthy investor appetite.
Msafe Equipments IPO
Msafe Equipments, a manufacturer of height-safety and access equipment, is entering the capital markets with its maiden IPO. Incorporated in 2019, the company has built a strong portfolio of aluminium scaffoldings, ladders, and FRP products catering to construction and maintenance industries.
Key Highlights:
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IPO Dates: Opens January 28, 2026, closes January 30, 2026.
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Issue Size: ₹66.42 crore, comprising a fresh issue of 4.4 million shares and an OFS of 1 million shares.
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Price Band: ₹116–₹123 per share; face value ₹10.
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Lot Size: 1,000 shares; minimum retail investment approx. ₹2.46 lakh (two lots at upper band).
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Listing: Shares to debut on BSE SME; tentative listing date February 4, 2026.
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GMP Trends: Early reports suggest a positive premium, indicating strong demand in the unlisted market.
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Business Model: Manufacturing, sales, and rental of safety equipment for working at heights.
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Investor Outlook: Analysts highlight niche positioning in safety equipment and growing demand from infrastructure projects as key positives.
Sources: Business Standard, Moneycontrol, IPOKey, Economic Times