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(22/01/2026 18:20)

Msafe Equipments announces launch of initial public offering

Msafe Equipments Ltd. has announced public offering of 5400000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 113.00 per share. The gross proceeds of the issue are expected to be Rs 6,642.00 lakhs.

The company's initial public offer (IPO) will open on 28 January 2026 and is expected to close on 30 January 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 116.00-123.00 per share.

The IPO includes a fresh Issue of 5400000 Equity Shares of the Company at an price of Rs 123.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Msafe Equipments Ltd. anticipates using the proceeds of the issue for .

Seren Capital Pvt. Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.
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