Comparison between Msafe Equipments IPO and SMR Jewels IPO.
Msafe Equipments IPO is a SME Bookbuilding IPO proposed to list at BSE SME while SMR Jewels IPO is a SME Bookbuilding proposed to list at BSE SME.
| Msafe Equipments IPO | SMR Jewels IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Seren Capital Pvt.Ltd. | Wealth Mine Networks Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Evermore Share Broking Pvt.Ltd. | Rikhav Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | 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 SMR Jewels IPO is up to ₹60.56 Cr. The final issue price of Msafe Equipments IPO is ₹123.00 per share and of SMR Jewels IPO is .
| Msafe Equipments IPO | SMR Jewels IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹116.00 per share | ₹125.00 per share |
| Issue Price (Upper) | ₹123.00 per share | ₹128.00 per share |
| Issue Price (Final) | ₹123.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1000 shares |
| Fresh Issue Size | 41,02,000 shares | 37,51,000 shares |
| Fresh Issue Size (Amount) | up to ₹50.45 Cr | up to ₹48.01 Cr |
| OFS Issue Size | 10,00,000 shares | 9,80,000 shares |
| OFS Issue Size (Amount) | up to ₹12.30 Cr | up to ₹12.54 Cr |
| Issue Size Total | 51,02,000 shares | 47,31,000 shares |
| Issue Size Total (Amount) | up to ₹62.75 Cr | up to ₹60.56 Cr |
Msafe Equipments IPO opens on Jan 28, 2026, while SMR Jewels IPO opens on May 26, 2026. The closing date of Msafe Equipments IPO and SMR Jewels IPO is Jan 30, 2026, and Jun 03, 2026, respectively.
| Msafe Equipments IPO | SMR Jewels IPO | |
|---|---|---|
| Anchor Bid Date | Jan 27, 2026 | |
| Issue Open | Jan 28, 2026 | May 26, 2026 |
| Issue Close | Jan 30, 2026 | Jun 03, 2026 |
| Basis Of Allotment (Tentative) | Feb 02, 2026 | Jun 04, 2026 |
| Initiation of Refunds (Tentative) | Feb 03, 2026 | Jun 05, 2026 |
| Credit of Share (Tentative) | Feb 03, 2026 | Jun 05, 2026 |
| Listing date (Tentative) | Feb 04, 2026 | Jun 08, 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 SMR Jewels IPO P/E ratio of 18.01.
| Msafe Equipments IPO | SMR Jewels IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Standalone)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 90.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.53 | 65.74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.12 | 18.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹250.92 Cr. | ₹238.77 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 67.97 | 71.76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 34.56 | 47.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.13 | ₹7.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 50.73 | 43.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Msafe Equipments IPO Retail Individual Investors (RII) are offered 17,86,000 shares while in SMR Jewels IPO retail investors are offered 17,86,000 shares. Qualified Institutional Buyers (QIB) are offered 10,17,000 shares in Msafe Equipments IPO and 4,73,000 shares in SMR Jewels IPO.
| Msafe Equipments IPO | SMR Jewels IPO | |
|---|---|---|
| Anchor Investor Reservation | 15,25,000 shares | 0 shares |
| Market Maker Reservation | 2,98,000 shares | 2,49,000 shares |
| QIB | 10,17,000 shares | 4,73,000 shares |
| NII | 7,74,000 shares | 18,92,000 shares |
| RII | 17,86,000 shares | 23,66,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 51,02,000 shares | 47,31,000 shares |
Msafe Equipments IPO subscribed 116.89x in total, whereas SMR Jewels IPO subscribed 1.09x.
| Msafe Equipments IPO | SMR Jewels IPO | |
|---|---|---|
| QIB (times) | 117.97x | 5.41x |
| NII (times) | 308.23x | 1.00x |
| Big NII (times) | 380.85x | 1.40x |
| Small NII (times) | 162.98x | 0.21x |
| RII (times) | 133.16x | 0.30x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 116.89x | 1.09x |
