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Msafe Equipments Limited

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.

₹116 - ₹123166.81x sub
Listed Price144.00
Listing Gain+17.07%
TimelineBookbuilding IPO
Open28 Jan 2026
Close30 Jan 2026
Allotment02 Feb 2026
Listing04 Feb 2026

Quota Reservation Portions

AnchorPortion: 15,25,000 shares
28.24%
QIBPortion: 10,17,000 shares
18.83%
HNIPortion: 7,74,000 shares
14.33%
RetailPortion: 17,86,000 shares
33.07%
Market MakerPortion: 2,98,000 shares
5.52%

Minimum Application Bracket Matrix

Retail2 lots / 2,000 shares
₹2,46,000
sHNI3 lots / 3,000 shares
₹3,69,000
bHNI9 lots / 9,000 shares
₹11,07,000

About the Company

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.

Company Promoters

Pradeep AggarwalAjay Kumar KanoiVansh AggarwalRushil AgarwalGaurav Ajay Kumar KanoiRajani Ajay KanoiMonika Aggarwal