ListedSMEElectric EquipmentMSAFE

Msafe Equipments IPO

Msafe Equipments IPO is an SME IPO raising ₹66 Cr at ₹116 – ₹123 a share. It listed on 4 Feb 2026 at ₹144, +17.1% against its issue price of ₹123, and trades at ₹257 today (+108.7% since issue). It was subscribed 116× in total.

Get alerts on this company Company page

₹123

Issue price

₹257

Price now

+108.7%

Since issue price

4 Feb 2026

Listed on

116×Subscribed (final) · all exchanges

116.2 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹116 – ₹123

Cut-off price₹123

Issue size₹66 Cr

Shares per lot1000

Minimum application₹1,23,000

Minimum quantity2000

Face value₹10

Listing exchangesBSE

ISININE2B5L01011

Bidding hours10:00 – 17:00 IST

Bidding window28 Jan 2026 – 30 Jan 2026

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.