Msafe Equipments IPO is to open on January 28, 2026. It is a SME IPO that will raise ā¹66.42 crores. The Msafe Equipments IPO price band is fixed at ā¹116 to ā¹123 with a market lot of 2,000 Shares.
Msafe Equipments IPO GMP Live Rates day by day with Kostak rates.
| Date | IPO GMP | GMP Trend | Gain |
| 4 Feb | ā¹20 |  | 16.26% |
| 3 Feb | ā¹20 | | 16.26% |
| 2 Feb | ā¹26 |  | 21.14% |
| 1 Feb | ā¹26 | | 21.14% |
| 31 Jan | ā¹26 | | 21.14% |
| 30 Jan | ā¹25 | | 20.33% |
| 29 Jan | ā¹23 | | 18.70% |
| 28 Jan | ā¹20 | | 16.26% |
| 27 Jan | ā¹11 | | 8.94% |
| 26 Jan | ā¹11 | | 8.94% |
| 24 Jan | ā¹11 | | 8.94% |
| 23 Jan | ā¹7 | | 5.69% |
| 22 Jan | ā¹7 | | 5.69% |
Msafe Equipments IPO Details
| IPO Open Date | January 28, 2026 |
| IPO Close Date | January 30, 2026 |
| Face Value | ā¹10 Per Equity Share |
| IPO Price Band | ā¹116 to ā¹123 Per Share |
| Issue Size | Approx ā¹66.42 Crores |
| Fresh Issue | Approx ā¹54.12 Crores |
| Offer for Sale: | Approx 10,00,000 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Msafe Equipments IPO Dates
| IPO Open Date: | January 28, 2026 |
| IPO Close Date: | January 30, 2026 |
| Basis of Allotment: | February 2, 2026 |
| Refunds: | February 3, 2026 |
| Credit to Demat Account: | February 3, 2026 |
| IPO Listing Date: | February 4, 2026 |
| IPO Bidding Cut-off Time: | January 30, 2026 – 5 PM |
Business Overview
Msafe Equipments, founded in 2019, produces, sells, and offers height-safety equipment for rent to workers who work at heights. Its products include aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders, and fibre reinforced plastic (FRP) ladders. Their products mainly cater to construction, maintenance, installation, repair, and infrastructure development activities to ensure safe working.
The company runs 3 manufacturing facilities in Greater Noida, Uttar Pradesh, with 17 warehouses running in states like Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal. These facilities store and deliver the products for sales and rental purposes. Msafe has manufactured its products across 22 states and 3 Union Territories, serving clients in construction, HVAC, MEP, electrical works, fire safety, interiors, and warehousing sectors as of 2025.
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