Msafe Equipments IPO was subscribed 166.72 times on the last day, while the retail quota was subscribed 133.16 times, QIB subscribed 117.97 times, and the NII quota subscribed 308.23 times, respectively.
Msafe Equipments IPO Listing Details
Find the Msafe Equipments IPO listing details like BSE Code, NSE Code, ISIN Number, and Listing Group below:
| Listing Date | February 4, 2026 |
| BSE Code | 544695 |
| NSE Code | – |
| ISIN No | INE2B5L01011 |
| Offer Price | ā¹116 to ā¹123 |
| Face Value | ā¹10 |
| Listing Price | ā¹144 |
Details About Msafe Equipments IPO
Msafe Equipments got approval from SEBI for an IPO of ā¹66.42 crores via fresh issue of ā¹54.12 crores and offer for sale up to 10,00,000 equity shares with a face value of ā¹10 each.
Moreover, the company has set up a price band between ā¹116 to ā¹123 per share.
In this IPO, a total of 2,000 shares were available in 2 lot sizes for the minimum Retail category and for the maximum Retail category.
S-HNI (Min) has a total of 3,000 shares in 3 lot sizes. S-HNI Minimum 8,000 crores, 8 lot sizes, and B-HNI 9,000 shares in 9 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ā¹2,46,000 and maximum investment.
- Small HNI (S-HNI): Minimum investment of ā¹3,69,000.
- Small HNI (S-HNI): Maximum Investment of ā¹9,84,000.
- B-HNI: Minimum investment of ā¹11,07,000.
Subscription duration of the Msafe Equipments IPO
The opening date of the Msafe Equipments IPO subscription was January 28, 2026, and the closing date was January 30, 2026. The Msafe Equipments IPO allotment was finalized on February 2, 2026, and the IPO listing is on February 4, 2026.
Funds Deployment of This Company
- Funding of Capital expenditure towards setup of a new Manufacturing Facility.
- Funding of Capital expenditure for manufacturing of equipments for rental purpose.
- Utilization towards working capital requirements; and
- General Corporate Purpose.
About Msafe Equipments IPO
Msafe Equipments, started in 2019, makes and sells safety equipment for people who work at heights. It also rents out this equipment. Their products include aluminium and steel scaffoldings, aluminium ladders, and FRP ladders. These are mainly used in construction and other work like maintenance, installation, repairs, and infrastructure projects to help workers stay safe.
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.
