Msafe Equipments SME IPO GMP History
Msafe Equipments SME IPO has been listed on February 4, 2026 at a listing price of ₹144, against the issue price of ₹123 — a gain of ₹21 (+17.07%). The GMP peaked at ₹27 on 31 January 2026 and reached a low of ₹7 on 23 January 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Msafe Equipments SME IPO raised ₹66.42 Cr. Cr. through its IPO at a price band of ₹116 TO 123 per share, with a lot size of 1000 shares. The IPO was open for subscription from 28 Jan 2026 to 30 Jan 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 25 Aug, 12:55 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 04 Feb 2026 | ₹ 21 | ▼ | 17% | — | ₹ 20000 |
| 03 Feb 2026 | ₹ 23 | ▼ | 19% | — | ₹ 22300 |
| 02 Feb 2026 | ₹ 26 | — | 21% | — | ₹ 19800 |
| 01 Feb 2026 | ₹ 26 | ▼ | 21% | — | ₹ 19800 |
| 31 Jan 2026 | ₹ 27 | — | 22% | — | ₹ 20500 |
| 30 Jan 2026 | ₹ 27 | ▲ | 22% | — | ₹ 20500 |
| 29 Jan 2026 | ₹ 24 | ▲ | 20% | — | ₹ 18000 |
| 28 Jan 2026 | ₹ 22 | ▲ | 18% | — | ₹ 13000 |
| 27 Jan 2026 | ₹ 11 | — | 9% | — | ₹ 5300 |
| 26 Jan 2026 | ₹ 11 | ▲ | 9% | — | ₹ 5300 |
| 23 Jan 2026 | ₹ 7 | — | 6% | — | ₹ 5300 |
Msafe Equipments SME IPO dates
Key dates from opening to listing. Today is 13 October.
- Open 28 Jan 2026
- Close 30 Jan 2026
- Allotment 02 Feb 2026
- Refund/credit 03 Feb 2026
- Listing 04 Feb 2026
Msafe Equipments SME IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹123 |
|---|---|
| GMP-based estimate (pre-listing) | ₹137 (+18.1%) |
| Listing gain / loss | +₹21 per share |
| Listing date | 04 Feb, 2026 |
| Actual listing price | ₹144 (+17.07%) |
Is Msafe Equipments SME IPO GMP reliable?
Grey market premium for Msafe Equipments SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Msafe Equipments SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Msafe Equipments SME IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Msafe Equipments SME IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was Retail: ₹20000. Unlike Kostak, Subject to Sauda only applies if you receive allotment.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Msafe Equipments SME IPO
Msafe Equipments is an India-based company engaged in the manufacturing and supply of safety equipment and solutions, primarily catering to industrial and infrastructure sectors. The company was established with a focus on addressing workplace safety requirements and has gradually built its presence by offering a wide range of products such as personal protective equipment (PPE), safety systems, and industrial gear. Over the years, it has developed relationships with clients across sectors like construction, manufacturing, and energy.
The company operates on a business model that combines product manufacturing with sourcing and distribution, enabling it to offer a comprehensive safety solution to its customers. Promoted by experienced professionals with industry knowledge, Msafe Equipments focuses on quality standards and compliance with safety regulations. Its revenue is driven by bulk orders, repeat clients, and long-term contracts, supported by a growing distribution network across various regions in India.
Frequently asked
What is the GMP of Msafe Equipments SME IPO?
The current Grey Market Premium (GMP) of Msafe Equipments SME IPO is ₹ 21.
What is the Kostak Price of Msafe Equipments SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Msafe Equipments SME IPO is not available.
What is the Subject to Sauda Price of Msafe Equipments SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is Retail: ₹20000.
What was the actual listing price of Msafe Equipments SME IPO?
Msafe Equipments SME IPO listed on February 4, 2026 at ₹144, against the issue price of ₹123 — a gain of +17.07%.
How did the GMP of Msafe Equipments SME IPO trend before listing?
The GMP of Msafe Equipments SME IPO was falling in its final days before listing. The GMP peaked at ₹27 on 31 January 2026. View the day-wise table above for the complete GMP history.
Explore Msafe Equipments SME IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
