Archive · 30 Jan 2026
Msafe Equipments IPO Sees Strong Demand
Msafe Equipments, a company that makes equipment for working safely at heights, had its IPO from January 28 to January 30.
The IPO was very popular, with investors asking for 73.23 times more shares than were available.
The price of each share was ₹123, and investors had to buy at least 2,000 shares.
The company wants to use the money raised to support its daily operations and other business needs.
The shares will be given to investors on February 02, and they will start trading on the BSE SME on February 04.
The Grey Market Premium (GMP) was ₹25 as of Friday, which means the shares might start trading at a higher price than the IPO price.
Msafe Equipments IPO was subscribed 73.23 times, with strong interest from all investor segments.
The IPO aims to raise ₹54.2 crore through a fresh issue of 0.44 crore shares.
The price band is set at ₹123 per share, with a minimum investment of ₹2.46 lakh for retail investors.
The IPO allotment is scheduled for February 02, with listing on BSE SME on February 04.
The Grey Market Premium (GMP) indicates a potential 20.33% premium on the IPO price.
- Who
- Msafe Equipments, a manufacturer of access and height-safety equipment
- What
- Initial Public Offering (IPO)
- When
- January 28 - January 30 (subscription), February 02 (allotment), February 04 (listing)
- Where
- BSE SME
- Why
- To raise funds for working capital and general corporate purposes
- IPO Date
- January 28 - January 30
- IPO Price
- ₹123 per share
- IPO Size
- ₹54.2 crore
- Lot Size
- 2,000 shares
- Minimum Investment
- ₹2.46 lakh
- Allotment Date
- February 02
- Listing Date
- February 04
- GMP
- ₹25 (as of Friday)
