Msafe Equipments IPO Subscription Update: Bidding Open Through Jan 30

The Msafe Equipments IPO opened for subscription on January 28, 2026, and will remain open through January 30, 2026, giving investors a window of three days to bid for shares.

Here are the key details investors should know about the IPO:
• The company plans to raise around ₹66.42 crore through this offering.
• The price band has been fixed between ₹116 and ₹123 per share.
• The IPO is being launched on the BSE SME platform.
• Minimum market lot to apply is 2,000 shares, requiring an application amount of approximately ₹2,46,000 at the upper price band.
• The quota split for share categories is:

• 50% for Qualified Institutional Buyers (QIB)
• 35% for Retail Individual Investors (RII)
• 15% for Non-Institutional Investors (NII)

Investor subscription data is being updated live, and early figures from the first subscription day show initial activity across categories.

Next Steps in the IPO Timeline
• Basis of allotment is expected to be finalized on February 2, 2026.
• Refunds and credit of shares to investors’ Demat accounts are likely to happen on February 3, 2026.
• The IPO is anticipated to list on the BSE SME on February 4, 2026.

Msafe Equipments produces and rents height-safety products such as aluminium and mild steel scaffoldings and ladders, catering to construction and infrastructure sectors across multiple states in India.