Msafe Equipments Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Msafe Equipments Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹123
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,23,000
Issue Size
₹66.42 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.01%
QIB Quota
49.82%
NII Quota
15.17%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Msafe Equipments Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.13%
Promoter Holding (Post-Issue)
72.85%
Issue Type
Book Building - SME
ISIN
INE2B5L01011
About the Company
Incorporated in 2019, we are engaged in the business of manufacturing, sales and rental of access and height-safety equipments, primarily used to facilitate safe working at heights. Our product portfolio includes aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders and fibre reinforced plastic (FRP) ladders, which are designed to meet varied operational and safety requirements across construction, maintenance, installation, repair and infrastructure development activities.
Industry Overview
The India Scaffolding Market was valued at INR 7208.97 crores in 2024 and is expected to reach INR 12811.78 crores in 2030, registering a CAGR of 10.06% for the forecast period (2024-2030). This market expansion is anticipated to be driven by a new wave of highway expansions, metro-rail corridors, and industrial-park developments. The India Ladders Market studied was valued at INR 1358.27 crores in 2024 and is expected to reach INR 2233.90 crores in 2030, registering a CAGR of 8.65% for the forecast period (2024-2030).
Company History
Our Company was incorporated on August 19, 2019, under the name of "Msafe Equipments Private Limited', a Private limited Company under the provisions of the Companies Act, 2013, pursuant to a Certificate of Incorporation issued by Registrar of Companies, Delhi. Further our Company was converted from private limited to public limited, pursuant to special resolution passed by the shareholders of the Company at the Extraordinary general meeting held on May 19, 2025, and the name of our Company was changed from "Msafe Equipments Private Limited" to "Msafe Equipments Limited" vide fresh certificate of incorporation dated May 26, 2025 issued by the Registrar of Companies, Central Processing Centre.
Products & Services
- The Company is engaged in the business of manufacturing, sales and rental of access and height-safety equipments, primarily used to facilitate safe working at heights.
Growth Strategy
- Expand our production capabilities by setting up a new manufacturing facility.
- Proposed Expansion into Hanging Scaffolding and Ladder Segments.
- Focus on consistently meeting quality standards.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 54,00,000 equity shares of face value of Rs. 10/- each (The "Equity Shares") of Msafe Equipments Limited ("The Company" Or "MEL" Or "The Issuer") at an offer price of Rs.123 per equity share for cash, aggregating up to Rs.66.42 crores ("Public Offer") comprising of a fresh issue of up to 44,00,000 equity shares aggregating to Rs. 54.12 crores (The "Fresh Issue") and an offer for sale of up to 10,00,000 equity shares by the promoter selling shareholders, Ajay Kumar Kanoi and Vansh Aggarwal ("Offer For Sale") aggregating to Rs.12.3 crores, (Hereinafter Refferd As "Promoter Selling Shareholders") out of which 2,98,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs.123 per equity share for cash, aggregating Rs.3.67 crores will be reserved for subscription by the market maker to the offer (The "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. offer of 51,02,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs.123 per equity share for cash, aggregating Rs. 62.75 crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 26.47% and 25.01% respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 123 per equity share of face value Rs. 10/- each. The floor price is 12.3 times of the face value of the equity shares. Bids can be made for a minimum of 2000 equity shares and in multiples of 1000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Multi-Model Source of Revenue through Product Sales and Rental Services.
- In-House Manufacturing facilities supported by quality certifications.
- Well diversified customer base spread across various industries & geography.
- Experienced Promoters and management team having domain knowledge.
- The company's business is significantly dependent on the performance of the construction and infrastructure sector, and any slowdown or adverse developments in these sectors may adversely affect its business, financial condition, results of operations and cash flows.
- The company deriveds a significant portion of its revenue from the sale and rental of the company's key product i.e. Aluminium Scaffolding. Any decline in the sale or rental services of its key offering could have an adverse effect on the company's business, results of operations and financial condition.
- The company does not have long-term agreements with its customers, and the company's revenues are dependent on purchase orders or work orders, which may not be renewed in the future.
- The object of the Offer relating to expansion of its rental segment is based on estimates and assumptions and the actual cost and implementation may vary from those disclosed.
- A significant portion of its revenue is derived from the company's rental business, and any decline in rental demand, changes in customer preferences or adverse developments in its rental operations may adversely affect the company's business, financial condition, results of operations and cash flows.