Msafe Equipments IPO
Safety Equipment - Listed on 04 February 2026
Msafe Equipments IPO listing summary
Msafe Equipments (Safety Equipment) closed its IPO window in 2026 and listed on NSE and BSE on 04 February 2026 at an upper band issue price of Rs 123, opening at Rs 144 for a listing gain of +17.1% and closing day one at Rs 150.3 (+22.2% on closing basis). The IPO was subscribed 166.80x overall - QIB 117.97x, HNI/NII 308.61x, Retail 133.15x. The total issue size was Rs 66.42 Cr (Fresh Issue Rs 54.12 Cr, OFS Rs 12.3 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Msafe Equipments IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 15 | +12.20% |
| Day 2 | Rs 26 | +21.14% |
| Day 3 | Rs 25 | +20.33% |
| Day 4 | Rs 25 | +20.33% |
| Day 5 | Rs 23 | +18.70% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Msafe Equipments IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Msafe Equipments IPO - FAQs
What was the listing gain of Msafe Equipments IPO?
Msafe Equipments IPO listed at +17.1% versus the upper issue price of Rs 123 on 04 February 2026.
How many times was Msafe Equipments IPO subscribed?
Msafe Equipments IPO was subscribed 166.80x overall. QIB portion was subscribed 117.97x, HNI / NII 308.61x and Retail 133.15x.
What was the IPO GMP for Msafe Equipments?
IPO GMP started at Rs 15 on Day 1 and moved to Rs 23 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.