Msafe Equipments Files For IPO With ₹54 Lakh Share Offering with Fresh Issue and OFS

New Delhi, September 8, 2025: Msafe Equipments Limited has announced that it is planning an IPO of 54,00,000 equity shares. The IPO will consist of a fresh issue of 44,00,000 shares and an offer for sale of 10,00,000 shares by its promoters. The selling promoters include Ajay Kumar Kanoi and Vansh Aggarwal. The company has proposed to list its shares on the BSE SME platform. The size and price band details have not been updated in the Draft Red Herring Prospectus.

Msafe Equipments is an Indian company that manufactures, supplies, and rents aluminium scaffolding and ladders. The company was established on August 19, 2019, and is headquartered in Noida, India. It has additional offices and warehouses in other Indian cities like Pune, Jaipur, and Hyderabad.

Utilisation Of Proceeds For A New Manufacturing Facility

The company will primarily use the IPO proceeds for setting up a new manufacturing facility. The facility will be established at YEIDA, Noida, with an estimated cost of ₹2,720.31 lakh. The facility is designed to produce 30,00,000 kg of MS scaffolding per annum and 10,00,000 kg of aluminium scaffolding and ladders per annum. Msafe Equipments has already invested ₹247.30 lakh for land acquisition and processing fees.

The company will spend ₹1,000 lakh for the purchase of manufacturing equipment for rental operations. Furthermore, it will use ₹1,500 lakh for working capital requirements, and the balance amount for general corporate purposes.

Total Income At ₹7,162.18 Lakh While PAT At ₹1,301.21 Lakh

Total income increased from ₹2,971.22 lakh in FY23 to ₹4,833.75 lakh in FY24 and to ₹7,162.18 lakh in FY25. Profit after tax more than doubled from ₹655.18 lakh in FY24 to ₹1,301.21 lakh in FY25, compared to ₹364.74 lakh in FY23. Net worth also improved from ₹608.53 lakh in FY23 to ₹2,564.92 lakh in FY25.

Borrowings increased from ₹2,037.42 lakh in FY23 to ₹3,255.86 lakh in FY25. Earnings per share (EPS) rose from ₹2.28 in FY23 to ₹4.09 in FY24 and further to ₹8.13 in FY25.

With strong financial growth and a clear focus on expanding its manufacturing capacity, Msafe Equipments’ IPO will be closely watched by investors once the final price band and issue size are announced.

REF: https://www.bsesme.com/download/312170/SME_IPO InPrinciple/MsafeDRHPFinal_20250905200424.pdf

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