Msafe Equipments’ IPO opened on Wednesday, January 28, and will remain open for subscription until Friday, January 30. The IPO is priced between ₹116 and ₹123 per share, with a face value of ₹10 each. Investors can apply for a minimum of 1,000 shares and in multiples of 1,000 thereafter.
Msafe Equipments specializes in manufacturing, distributing, and leasing equipment for height and access safety, catering to construction, maintenance, installation, repair, and infrastructure sectors. Its product range includes aluminium and mild steel scaffolding, aluminium ladders, and fibre-reinforced plastic (FRP) ladders. The company operates three manufacturing units in Greater Noida, supported by 17 warehouses across Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal, facilitating efficient storage, dispatch, and collection of rental and sales inventory.
In FY25, the company reported EBITDA of ₹26.07 crore, up 72.5% from ₹15.11 crore in FY24, while PAT rose to ₹13.01 crore from ₹6.55 crore. The IPO aims to raise ₹66.42 crore through a fresh issue of 44 lakh shares and an OFS of 10 lakh shares. The grey market premium is ₹22, suggesting a potential listing around ₹145, roughly 18% above the IPO price.
