Comparison between Msafe Equipments IPO and SSG Furnishing Solutions IPO.
Msafe Equipments IPO is a SME Bookbuilding IPO proposed to list at BSE SME while SSG Furnishing Solutions IPO is a SME Bookbuilding proposed to list at NSE SME.
| Msafe Equipments IPO | SSG Furnishing Solutions IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Seren Capital Pvt.Ltd. | Gretex Corporate Services Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Evermore Share Broking Private Limited | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Msafe Equipments IPO is up to ₹62.75 Cr whereas the issue size of the SSG Furnishing Solutions IPO is up to ₹0.00 Cr. The final issue price of Msafe Equipments IPO is ₹123.00 per share and of SSG Furnishing Solutions IPO is .
| Msafe Equipments IPO | SSG Furnishing Solutions IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹116.00 per share | |
| Issue Price (Upper) | ₹123.00 per share | |
| Issue Price (Final) | ₹123.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | |
| Fresh Issue Size | 41,02,000 shares | 56,20,000 shares |
| Fresh Issue Size (Amount) | up to ₹50.45 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 10,00,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹12.30 Cr | up to ₹0.00 Cr |
| Issue Size Total | 51,02,000 shares | 56,20,000 shares |
| Issue Size Total (Amount) | up to ₹62.75 Cr | up to ₹0.00 Cr |
Msafe Equipments IPO opens on Jan 28, 2026, while SSG Furnishing Solutions IPO opens on . The closing date of Msafe Equipments IPO and SSG Furnishing Solutions IPO is Jan 30, 2026, and , respectively.
| Msafe Equipments IPO | SSG Furnishing Solutions IPO | |
|---|---|---|
| Anchor Bid Date | Jan 27, 2026 | |
| Issue Open | Jan 28, 2026 | |
| Issue Close | Jan 30, 2026 | |
| Basis Of Allotment (Tentative) | Feb 02, 2026 | |
| Initiation of Refunds (Tentative) | Feb 03, 2026 | |
| Credit of Share (Tentative) | Feb 03, 2026 | |
| Listing date (Tentative) | Feb 04, 2026 | |
| Anchor Lockin End date 1 | Mar 06, 2026 | |
| Anchor Lockin End date 2 | May 05, 2026 |
Msafe Equipments IPO P/E ratio is 15.12, as compared to SSG Furnishing Solutions IPO P/E ratio of .
| Msafe Equipments IPO | SSG Furnishing Solutions IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹250.92 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 67.97 | 56.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 34.56 | 42.68 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 50.73 | 56.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Msafe Equipments IPO Retail Individual Investors (RII) are offered 17,86,000 shares while in SSG Furnishing Solutions IPO retail investors are offered 17,86,000 shares. Qualified Institutional Buyers (QIB) are offered 10,17,000 shares in Msafe Equipments IPO and 0 shares in SSG Furnishing Solutions IPO.
| Msafe Equipments IPO | SSG Furnishing Solutions IPO | |
|---|---|---|
| Anchor Investor Reservation | 15,25,000 shares | 0 shares |
| Market Maker Reservation | 2,98,000 shares | 0 shares |
| QIB | 10,17,000 shares | 0 shares |
| NII | 7,74,000 shares | 0 shares |
| RII | 17,86,000 shares | 0 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 51,02,000 shares | 0 shares |
Msafe Equipments IPO subscribed 166.72x in total, whereas SSG Furnishing Solutions IPO subscribed .
| Msafe Equipments IPO | SSG Furnishing Solutions IPO | |
|---|---|---|
| QIB (times) | 117.97x | |
| NII (times) | 308.23x | |
| Big NII (times) | 380.85x | |
| Small NII (times) | 162.98x | |
| RII (times) | 133.16x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 166.72x |
