Msafe Equipments IPO Day 3: Subscription Update, Allotment Date & More

Here’s the latest on the Msafe Equipments IPO, now on Day 3 of subscription — including how the issue has fared so far, key dates, how to check allotment status and the latest grey market signals.

🧾 IPO Snapshot

• Company: Msafe Equipments Ltd – a manufacturer and rental provider of safety equipment such as aluminium scaffoldings, ladders and related height-safety gear.
• IPO Price Band: ₹ 116 – ₹ 123 per share.
• Lot Size: 1,000 shares (retail investors must apply for 2 lots = 2,000 shares minimum).
• Total Issue Size: ~₹ 66.42 crore (includes fresh issuance and offer-for-sale).

📊 Day 3 Subscription Status

• The IPO subscription window closes on Friday, 30 January 2026.
• As of the close of Day 2, the issue was already 12.60 times subscribed overall.
  • Individual investors: ~15.15 times subscribed.
  • Non-institutional investors (NIIs): ~19.52 times subscribed.
  • Qualified institutional buyers (QIBs): ~0.81 times subscribed.
• Final Day 3 figures will be released after 10 AM once the exchanges update the data.

📅 Important IPO Dates

• Bid Open: 28 January 2026
• Bid Close: 30 January 2026
• Basis of Allotment: 2 February 2026
• Refund Initiation & Demat Credits: 3 February 2026
• Listing on BSE SME: 4 February 2026

🔎 How to Check Allotment Status

After the allotment basis is finalized on 2 February 2026, applicants can check their allocation online using:

• BSE’s IPO status page: search by application number or PAN.
• Registrar (Maashitla Securities) portal: select Msafe Equipments Ltd and enter your details to view the result.

📈 Grey Market Premium (GMP) Indicator

• Unofficial grey market data indicates unlisted Msafe shares are trading at a premium, suggesting positive sentiment. These shares have been seen around ~₹ 148, implying a ~20% premium over the upper price band.
• Note: GMP is an unregulated and unofficial indicator of market sentiment — not sanctioned by exchanges or SEBI, and should be interpreted cautiously.