BSE List Price : ₹144.00

subscription

Category	Times
QIBs	117.97x
HNIs	308.61x
Retail	133.16x
Total : 166.81x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,000	₹246,000
Retail Maximum	2	2,000	₹246,000
S-HNI Minimum	3	3,000	₹369,000
S-HNI Maximum	8	8,000	₹984,000
B-HNI Minimum	9	9,000	₹1,107,000

About the Company

Established in 2019, Msafe Equipments Limited is involved in the manufacturing, sale, and leasing of access and height-safety equipment designed to ensure safe operations at elevated work sites.

The company’s product range comprises aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders, and FRP ladders, serving applications in construction, installation, maintenance, repair, and infrastructure projects.

Msafe Equipments operates three manufacturing units located in Greater Noida, Uttar Pradesh, and is supported by 17 warehouses across key states including Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal. This extensive network facilitates efficient sales and rental services across India.

The company follows a dual-revenue strategy, earning income from both equipment sales and rental services, which helps mitigate demand fluctuations.

In FY 2025, the company supplied its products to 22 States and 3 Union Territories, catering to industries such as construction, HVAC, MEP, electrical works, fire protection, interior fit-outs, and warehousing.

As of June 30, 2025, Msafe Equipments Limited had a workforce of 299 permanent employees and 28 contractual staff, supporting its operations and nationwide presence.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹29.71	₹24.83	₹3.65	₹33.54
2024	₹48.34	₹39.58	₹6.55	₹48.19
2025	₹71.62	₹54.19	₹13.01	₹73.59

Company Promoter

Pradeep Aggarwal

Ajay Kumar Kanoi

Vansh Aggarwal

Rushil Agarwal

Gaurav Ajay Kumar Kanoi

Rajani Ajay Kanoi

Monika Aggarwal

Know before investing

• • Strengths

  A broadly diversified customer base spanning multiple industries and regions, which helps mitigate the risk of geographic concentration.

  A diversified clientele spread across various industries and geographic regions, helping to minimize regional concentration risk.

• • Risks

  Reliance on the construction and infrastructure sectors, which exposes the business to potential cyclical downturns.

  Absence of long-term customer agreements, with revenues primarily driven by individual purchase orders and work orders.

Objects of the Issue & Utilisation of proceeds

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.

Company  Address

Msafe Equipments Ltd.
F-311, 3rd Floor
Aditya Arcade Plot No. 30
Community Center, Preet Vihar, East Delh
New Delhi, New Delhi, 110092
Phone: +91-88822 07104
Email: info@msafegroup.com
Website: http://www.msafegroup.com/

IPO Registrar

Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: investor.po@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues

IPO Review

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