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MSAFESME / BSEListed
Msafe Equipments

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 Price₹144.00
Listing Gain+17.07%

Subscription Status

166.81xTotal Demand
Updated 20 Oct 2026, 01:30 AM
QIB117.97x
🔥 Blockbuster Sizzling Demand!Offered: 10,17,000 sh
Nib308.61x
🔥 Blockbuster Sizzling Demand!Offered: 7,74,000 sh
Hnis(10l +)381.43x
🔥 Blockbuster Sizzling Demand!Offered: 5,16,000 sh
Hnis (2-10l)162.98x
🔥 Blockbuster Sizzling Demand!Offered: 2,58,000 sh
Retail133.16x
🔥 Blockbuster Sizzling Demand!Offered: 17,86,000 sh
CategoryOfferedAppliedTimes
QIB10,17,00011,99,79,000117.97x
Nib7,74,00023,88,68,000308.61x
Hnis(10l +)5,16,00019,68,19,000381.43x
Hnis (2-10l)2,58,0004,20,49,000162.98x
Retail17,86,00023,78,20,000133.16x

Segment Subscription Demand

Segment / CategoryDemand (Shares)Offered (Shares)Times Sub.
QIB1,475.7412.51117.96x
Fiis326.070Open
Others1,057.960Open
Retail2,925.1921.97133.14x
Hnis 2+517.23.17163.15x
Hnis 10+2,420.876.35381.24x

Application-wise Breakup

CategoryReservedAppliedTimes Sub.
QIB0103Open
Nib033,712Open
Retail8931,18,910133.16x
Hnis(10l +)17221,095122.65x
Hnis (2-10l)8612,617146.71x
Bidding status cross-verified with live IPO subscription numbers ↗BSE & NSE Bidding Portal Feed

About Msafe Equipments IPO Subscription Demand

Live subscription status and bidding analysis for Msafe Equipments (MSAFE) IPO. The issue is subscribed 166.81x overall across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII/HNI), and Retail Individual Investors (RII). Check real-time grey market demand on our GMP Tracker or review full issue details, lot size, and price band on the IPO Details Page.

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