Msafe Equipments IPO GMP Update: Grey Market Premium Today

Msafe Equipments IPO is scheduled to open for subscription on Wednesday, January 28, 2026. This is an SME IPO aiming to raise ₹66.42 crore. The IPO price band has been fixed at ₹116 to ₹123 per equity share, with a market lot size of 2,000 shares.

Msafe Equipments IPO GMP (Grey Market Premium)

Msafe Equipments IPO has been trading at a positive premium in the grey market. The GMP trend over recent days indicates steady demand from investors.

• January 27, 2026: GMP ₹11 | Estimated gain 8.94%
• January 26, 2026: GMP ₹11 | Estimated gain 8.94%
• January 24, 2026: GMP ₹11 | Estimated gain 8.94%
• January 23, 2026: GMP ₹7 | Estimated gain 5.69%
• January 22, 2026: GMP ₹7 | Estimated gain 5.69%

Msafe Equipments IPO Key Details

• IPO Open Date: January 28, 2026
• IPO Close Date: January 30, 2026
• Face Value: ₹10 per equity share
• Price Band: ₹116 to ₹123 per share
• Issue Size: Approx ₹66.42 crore
• Fresh Issue: Approx ₹54.12 crore
• Offer for Sale: Approx 10,00,000 equity shares
• Issue Type: Book-built issue
• Listing Platform: BSE SME

Msafe Equipments IPO Important Dates

• IPO Opens: January 28, 2026
• IPO Closes: January 30, 2026
• Basis of Allotment: February 2, 2026
• Refunds Initiation: February 3, 2026
• Credit to Demat Accounts: February 3, 2026
• IPO Listing Date: February 4, 2026
• Bidding Cut-off Time: January 30, 2026 at 5:00 PM

Business Overview

Founded in 2019, Msafe Equipments is engaged in the manufacturing, sale, and rental of height-safety equipment for workers operating at elevated sites. The company’s product range includes aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders, and fibre reinforced plastic (FRP) ladders.

These products are widely used in construction, maintenance, installation, repair, and infrastructure development activities to ensure worker safety. Msafe Equipments operates three manufacturing units in Greater Noida, Uttar Pradesh, and manages 17 warehouses across Maharashtra, Karnataka, Tamil Nadu, Gujarat, Punjab, and West Bengal.

As of 2025, the company has supplied products across 22 states and 3 Union Territories, serving clients in sectors such as construction, HVAC, MEP services, electrical works, fire safety, interior projects, and warehousing.