Msafe Equipments Ipo
Msafe Equipments IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Seren Capital Pvt. Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | ₹2,46,000 |
| Retail Maximum | 2 | 2,000 | ₹2,46,000 |
| S-HNI Minimum | 3 | 3,000 | ₹3,69,000 |
| S-HNI Maximum | 8 | 8,000 | ₹9,84,000 |
| B-HNI Minimum | 9 | 9,000 | ₹11,07,000 |
| Investor Category | Share Offered | % Shares |
| Anchor Investor | 15,25,000 Shares | 28.24% |
| QIB (Ex. Anchor) | 10,17,000 Shares | 18.83% |
| NII Shares Offered | 7,74,000 Shares | 14.33% |
| Retail Shares Offered | 17,86,000 Shares | 33.07% |
| Anchor Bidding Date | January 27, 2026 |
| Anchor Investors List | |
| Shares Offered | 15,25,000 Shares |
| Anchor Size | 18.76 Cr. |
| lock-in period end date 50% shares (30 Days) | March 4, 2026 |
| lock-in period end date 50% shares (90 Days) | May 3, 2026 |
| IPO Open Date: | January 28, 2026 |
| IPO Close Date: | January 30, 2026 |
| Basis of Allotment: | February 2, 2026 |
| Refunds: | February 3, 2026 |
| Credit to Demat Account: | February 3, 2026 |
| IPO Listing Date: | February 4, 2026 |
| IPO Bidding Cut-off Time: | January 30, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,60,00,000 | 15.12% |
| Promoter Holding Post Issue | 2,04,00,000 | 19.28% |
| Purpose | Crores |
| Funding of Capital expenditure towards setup of a new Manufacturing Facility; | ₹27.20 |
| Funding of Capital expenditure for manufacturing of equipments for rental purpose; | ₹10.00 |
| Utilization towards working capital requirements; and | ₹15.00 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹29.71 | ₹24.83 | ₹3.65 | ₹33.54 |
| 2024 | ₹48.34 | ₹39.58 | ₹6.55 | ₹48.19 |
| 2025 | ₹71.62 | ₹54.19 | ₹13.01 | ₹73.59 |
| Sep 2025 | ₹49.07 | ₹34.98 | ₹10.50 | ₹87.67 |
| KPI | Values |
| ROE: | 67.97% |
| ROCE: | 34.56% |
| EBITDA Margin: | 36.55% |
| PAT Margin: | 18.24% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹8.13 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 50.73% |
| Net Asset Value (NAV): | ₹16.03 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Techno Craft India Industries Limited | 112.32 | 24.60 | 14.84% | 781.69 | 2,595.58 Cr. |
| IPO Open Date | January 28, 2026 |
| IPO Close Date | January 30, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹116 to ₹123 Per Share |
| Issue Size | Approx ₹66.42 Crores |
| Fresh Issue | Approx ₹54.12 Crores |
| Offer for Sale: | Approx 10,00,000 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |