New Delhi, January 28, 2026, Msafe Equipments Limited opened its initial public offering for subscription today, marking the debut of the safety and access equipment manufacturer in the primary market. Ahead of the issue opening, the company completed its anchor investor allocation, raising ₹18.76 crore by allotting shares at the upper end of the price band.
The public issue is scheduled to remain open till January 30, 2026, with shares proposed to be listed on February 4, 2026. The IPO is priced in the range of ₹116 to ₹123 per equity share, with a total issue size of ₹66 crore.
Anchor Allocation Details
Msafe Equipments allotted 15,25,000 equity shares to anchor investors at a price of ₹123 per share, aggregating to ₹18.75 crore. The anchor book saw participation from domestic funds, AIFs, and growth-focused investment vehicles.| Anchor Investor | Equity Shares Allocated | % of Anchor Portion | Issue Price (₹) | Amount Allocated (₹) |
|---|---|---|---|---|
| Sanshi Fund I | 2,44,000 | 16.00% | 123 | 3,00,12,000 |
| Bharat Venture Opportunities Fund | 2,04,000 | 13.38% | 123 | 2,50,92,000 |
| SageOne Flagship Growth OE Fund | 1,54,000 | 10.10% | 123 | 1,89,42,000 |
| Shrem Investments Private Limited | 1,54,000 | 10.10% | 123 | 1,89,42,000 |
| Navbharat Investment Opportunities Fund | 1,54,000 | 10.10% | 123 | 1,89,42,000 |
| NAV Capital VCC – NAV Emerging Star Fund | 1,54,000 | 10.10% | 123 | 1,89,42,000 |
| Pine Oak Global Fund – Class B | 1,54,000 | 10.10% | 123 | 1,89,42,000 |
| Golden Sparrow Growth Fund I | 1,43,000 | 9.38% | 123 | 1,75,89,000 |
| Fortune Hands Growth Fund Scheme I | 82,000 | 5.38% | 123 | 1,00,86,000 |
| Vikasa India EIF Fund – Incube Global Opportunities | 82,000 | 5.38% | 123 | 1,00,86,000 |
| Total | 15,25,000 | 100% | 18,75,75,000 |
IPO Snapshot
| Particulars | Details |
|---|---|
| IPO Opening Date | January 28, 2026 |
| IPO Closing Date | January 30, 2026 |
| Price Band | ₹116 to ₹123 per share |
| Issue Size | ₹66 crore |
| Lot Size | 1,000 shares |
| Allotment Date | February 2, 2026 |
| Listing Date | February 4, 2026 |
About the Company
Incorporated in 2019, Msafe Equipments Limited is engaged in the manufacturing, sale, and rental of access and height-safety equipment used for working at heights. The company offers aluminium and steel scaffolding systems, aluminium and FRP ladders, and customised access solutions catering to construction, infrastructure, HVAC, MEP, electrical works, warehousing, and industrial maintenance. It serves a customer base of over 2,500 clients across India and focuses on reducing workplace safety risks through engineered access solutions.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.