MSafe Equipments entered the stock market on a confident note, quickly catching the eye of investors focused on SME stocks. When trading began on Wednesday, February 4, the company’s shares listed at a price nearly 17% higher than the issue level, signalling the strong participation witnessed during the IPO.
The listing marked a notable moment for the height-safety equipment manufacturer as its shares entered public markets with healthy participation and momentum.
Market Performance on Listing Day
MSafe Equipments shares were listed on the BSE SME platform at ₹144 per share, compared to the IPO’s upper price band of ₹123.
This opening price translated into a 17% gain for IPO allottees at the time of listing.
However, the stock saw mild volatility soon after debut.
- Listing price: ₹144 per share
- IPO price: ₹123 per share
- Listing premium: 17%
- Intraday movement: Shares slipped 2.78% post-listing
- Intraday low: ₹140 on BSE SME
The early price action reflects typical post-listing adjustments often seen in newly listed SME stocks as trading settles.
MSafe Equipments IPO: Subscription Snapshot
Investor response to the MSafe Equipments IPO was exceptionally strong, led by heavy demand across categories.
As per BSE data:
- Overall subscription: 153.98 times
- Shares bid for: 59,66,65,000
- Shares available: 38,75,000
The scale of subscription highlights how aggressively the issue was chased during the bidding period.
The IPO allotment was finalized on Monday, February 2.
Issue Size and Pricing Details
The MSafe Equipments IPO was priced within a band of ₹116 to ₹123 per share, with the company opting for a mix of fresh capital and promoter stake sale.
IPO structure:
- Total issue size: ₹66.42 crore
- Fresh issue:
- 44 lakh shares
- Value: ₹54.12 crore
- Offer for Sale (OFS):
- Value: ₹12.30 crore
- Offered by promoters Ajay Kumar Kanoi and Vansh Aggarwal
The funds raised provide additional financial flexibility for business expansion and operational needs.
Use of IPO Proceeds
As disclosed in the issue documents, the proceeds from the MSafe Equipments IPO will be deployed across multiple business requirements.
Key uses include:
- Funding the creation of a new manufacturing unit through planned capital spending
- Funding working capital requirements
- Acquisition of manufacturing equipment for rental operations
- General corporate purposes
These planned allocations align with the company’s existing operational model.
Company Profile: What MSafe Equipments Does?
MSafe Equipments operates in the height-safety equipment segment, serving industries where working at elevated locations requires reliable safety solutions.
The company is involved in:
- Manufacturing
- Sale
- Rental of height-safety products
Product portfolio includes:
- Aluminium ladders
- Aluminium scaffoldings
- Mild steel scaffoldings
- Fibre-reinforced plastic (FRP) ladders
Its equipment is used across construction, maintenance, and industrial applications where safety at height is critical.
Issue Management and Market Makers
The public issue was managed by established intermediaries:
- Book Running Lead Manager: Seren Capital Pvt. Ltd.
- Registrar to the Issue: Maashitla Securities Pvt. Ltd.
- Market Maker: Evermore Share Broking Private Limited
Summary
The MSafe Equipments IPO listing began with a 17% premium debut on the BSE SME platform, supported by exceptionally strong subscription data. While the stock saw minor volatility after listing, the debut marked a successful entry into public markets for the height-safety equipment manufacturer.
Backed by fresh capital for manufacturing expansion, working capital, and equipment acquisition, MSafe Equipments has taken its first step as a listed entity amid strong investor interest during the IPO phase.
The listing adds to the growing momentum in the SME segment, where industrial and safety-focused companies continue to draw attention.
Source: Livemint
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