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15 Days Price Change

Msafe Equipments IPO

Closing In

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Profile
Issue Size 47.66 Cr
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Price Range 116  to  123 per share
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Min Investment ₹123
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Lot Size 1
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Face Value ₹10
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Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Incorporated in 2019, we are engaged in the business of manufacturing, sales and rental of access and height-safetyequipments, primarily used to facilitate safe working at heights. Our product portfolio includes aluminiumscaffoldings, mild steel (MS) scaffoldings, aluminium ladders and fibre reinforced plastic (FRP) ladders, which aredesigned to meet varied operational and safety requirements across construction, maintenance, installation, repair andinfrastructure development activities. These products provide safe and stable access for vertical and elevatedoperations, enabling workers to undertake a wide range of activities such as building exterior works (including facadeand cladding installation), painting and plastering, HVAC and MEP works, electrical cabling and fittings, ceiling andinterior finishing, fire-fighting works and warehouse stacking and retrieval, among others, while significantly reducingthe risk of workplace accidents. Read More

Basic Info

Face Value 10 per share

Price 116  to  123 per share

P/E (x) 15.2

Sales( Cr.) 71

PAT( Cr.) 13

EPS 8.1

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Pradeep Aggarwal Ajay Kumar Kanoi Vansh Aggarwal Rushil Agarwal Gaurav Ajay Kumar Kanoi Monika Agarwal Rajani Ajay Kanoi

Pre Issue Share Holding 100%

Post Issue Share Holding --%

Listing Details:

Listing Price: 144

Listing Gain: 14.58%

Current Price: 143.4

Gain On Issue: 143.4 | 0%

GMP: 21

GMP %: 17.1 %

IPO Tentative Timetable

Opening Date Jan 28, 2026
Closing Date Jan 30, 2026
Allotment Feb 02, 2026
Refund Feb 03, 2026
Delivery of Shares Feb 03, 2026
Listing Date Feb 04, 2026

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 246,000
Retail (Max) -- -- --
S-HNI (Min) 1 2000 246,000
S-HNI (Max) 4 8000 984,000
B-HNI (Min) 5 10000 1,230,000

Objective of the Issue

1. Funding of Capital expenditure towards setup of a new Manufacturing Facility 2. Funding of Capital expenditure for manufacturing of equipments for rental purpose 3. Utilization towards working capital requirements 4. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 1017000 119979000 118x
NII 1072000 238868000 222.8x
Retail 1786000 237818000 133.2x
EMP 0 0 0x
Total 3875000 596665000 154x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Msafe Equipments Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 30 48 71
Other Income 0 0 0
Total Income 30 48 72
Total Expenditure 20 33 45
Operating Profit 9 15 26
Interest 1 2 3
Depreciation 3 5 6
Exceptional Income / Expenses 0 0 0
Profit Before Tax 5 9 17
Provision for Tax 1 2 4
Profit After Tax 4 7 13
Adjustments 0 0 0
Profit After Adjustments 4 7 13
Adjusted Earnings Per Share 2.3 4.1 8.1

Msafe Equipments Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 6 13 26
Minority's Interest 0 0 0
Borrowings 4 4 5
Other Non-Current Liabilities 0 0 0
Total Current Liabilities 23 31 43
Total Liabilities 34 48 73
Fixed Assets 22 27 39
Other Non-Current Assets 1 1 1
Total Current Assets 11 19 33
Total Assets 34 48 73

Msafe Equipments Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0
Cash Flow from Operating Activities 5 6 14
Cash Flow from Investing Activities -13 -10 -18
Cash Flow from Financing Activities 9 3 4
Net Cash Inflow / Outflow 0 0 0
Closing Cash & Cash Equivalent 0 0 1

Msafe Equipments Ratios

# Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.28 4.09 8.13
CEPS(Rs) 4.18 6.92 12.03
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 3.8 7.9 16.03
Core EBITDA Margin(%) 31.07 31.41 36.56
EBIT Margin(%) 20.88 22.44 28.2
Pre Tax Margin(%) 16.44 18.19 24.43
PAT Margin (%) 12.28 13.61 18.24
Cash Profit Margin (%) 22.53 23.01 26.99
ROA(%) 10.89 16.11 21.53
ROE(%) 59.94 69.99 67.97
ROCE(%) 23.43 33.25 41.61
Receivable days 87.25 72.02 71.95
Inventory Days 9.7 16.16 32.2
Payable days 246.31 118.5 107.55
PER(x) 0 0 0
Price/Book(x) 0 0 0
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 0.71 0.55 0.46
EV/Core EBITDA(x) 2.29 1.73 1.25
Net Sales Growth(%) 0 62.07 48.22
EBIT Growth(%) 0 74.22 86.27
PAT Growth(%) 0 79.63 98.6
EPS Growth(%) 0 79.63 98.6
Debt/Equity(x) 3.35 2.05 1.27
Current Ratio(x) 0.45 0.61 0.77
Quick Ratio(x) 0.42 0.5 0.55
Interest Cover(x) 4.71 5.28 7.48
Total Debt/Mcap(x) 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 48% 0% 0% 0%
Operating Profit CAGR 73% 0% 0% 0%
PAT CAGR 86% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 68% 66% 66% 66%
ROCE Average 42% 33% 33% 33%

Company Contact Information

Msafe Equipments Ltd.

Renuka Uniyal

+91-88822 07104

info@msafegroup.com

C-186, Ground Floor Vivek Vihar

IPO Lead Manager(s)

Msafe Equipments Ltd.

Seren Capital Pvt Ltd.

Registrar Info

Msafe Equipments Ltd.

Maashitla Securities Pvt Ltd.

451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, New Delhi – 110034

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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