The SME IPO market remains active in late January 2026, with manufacturing and safety-equipment companies gaining attention amid industrial growth. Msafe Equipments IPO is one such upcoming issue, and the Msafe Equipments IPO GMP is currently reflecting positive grey market sentiment ahead of its BSE SME listing.
This short update covers key IPO details, price band, important dates, GMP status, and investor considerations.
Msafe Equipments IPO Overview
Msafe Equipments IPO is a book-built SME issue aggregating ₹66.42 crore, comprising a mix of fresh issue and offer for sale (OFS). The company is engaged in manufacturing and supplying industrial safety equipment, catering to growing demand from infrastructure, manufacturing, and industrial sectors.
Key Highlights
Issue Size: ₹66.42 crore
Fresh Issue: ₹54.12 crore
Offer for Sale: ₹12.30 crore
Issue Type: Book Built
Listing Platform: BSE SME
Important Dates
IPO Opens: January 28, 2026
IPO Closes: January 30, 2026
Allotment (Expected): February 2, 2026
Tentative Listing: February 4, 2026
Price Band & Lot Size
The IPO price band is fixed at ₹116 to ₹123 per share.
Lot Size: 1,000 shares
Retail Minimum: 2 lots (2,000 shares)
Retail Investment: ₹2,46,000 (at upper price band)
HNI Minimum: 3 lots (3,000 shares) – ₹3,69,000
Msafe Equipments IPO GMP Today
As of January 24, 2026, the Msafe Equipments IPO GMP is reported at ₹11 in the grey market. This indicates positive sentiment, with an estimated listing price around ₹134, suggesting potential listing gains of nearly 9% over the upper issue price.
Note: GMP is unofficial and highly volatile. It can change quickly based on subscription data and market conditions and should not be treated as a guaranteed indicator.
IPO Strengths & Risks
Strengths
Operates in the industrial safety equipment segment with rising demand
Combination of fresh issue for growth and OFS for liquidity
Positive GMP indicating healthy pre-listing interest
BSE SME platform attracts niche and sector-focused investors
Risks
SME stocks may face post-listing liquidity constraints
Dependence on industrial and manufacturing cycles
GMP-based expectations may not always translate into listing gains
Top 5 FAQs on Msafe Equipments IPO GMP
1. What is Msafe Equipments IPO GMP today?
The current GMP is ₹11, indicating positive grey market sentiment.
2. When does Msafe Equipments IPO open?
The IPO opens on January 28, 2026, and closes on January 30, 2026.
3. What is the price band of Msafe Equipments IPO?
The price band is ₹116 to ₹123 per share.
4. What is the minimum investment for retail investors?
Retail investors must invest ₹2,46,000 for 2,000 shares at the upper band.
5. On which exchange will Msafe Equipments IPO be listed?
The IPO will be listed on the BSE SME platform, tentatively on February 4, 2026.
Final Note
The Msafe Equipments IPO GMP currently points to positive early sentiment, making the issue worth tracking during the subscription period. However, investors should balance grey market signals with company fundamentals, sector outlook, and personal risk appetite before applying.
Disclaimer: This content is for informational purposes only and does not constitute investment advice.
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