Issue Price
₹123
Per Share
GMP
+₹21
+17.07% Grey Market
Est. Listing
₹144
Expected Price
Min. Application
₹246,000
2 lots × 1000 shares
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.Its product portfolio includes aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders, and fibre reinforced plastic (FRP) ladders, catering to operational and safety needs across construction, maintenance, installation, repair, and infrastructure development activities.The Company operates three manufacturing facilities in Greater Noida, Uttar Pradesh, supported by a network of 17 warehouses across multiple states including Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal. These facilities enable efficient storage, dispatch, and collection of products for both sales and rentals.During Fiscal 2025, Msafe supplied products across 22 States and 3 Union Territories, serving diverse client requirements in sectors such as construction, HVAC, MEP, electrical works, fire safety, interiors, and warehousing.As of June 30, 2025, the Company employed 299 permanent staff and 28 contractual employees, ensuring operational efficiency and nationwide reach.
Msafe Equipments Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 298,000 | — | ₹3.67 Cr | — |
| TOTAL | 5,400,000 | 100.00% | ₹66.42 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹123,000 |
| Retail (Max) | 13 | 13,000 | ₹1,599,000 |
| sNII (Min) | 14 | 14,000 | ₹1,722,000 |
| bNII (Min) | 68 | 68,000 | ₹8,364,000 |
| Particulars | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 49.07 | 71.62 | 48.34 |
| EBITDA | 19.21 | 26.08 | 15.12 |
| Profit After Tax (PAT) | 10.50 | 13.01 | 6.55 |
| Net Worth | 36.15 | 25.65 | 12.64 |
| Total Assets | 87.67 | 73.59 | 48.19 |
| Reserves & Surplus | 20.15 | 24.65 | 11.64 |
| Total Borrowings | 37.67 | 32.56 | 25.87 |