IPO Listed — 04 Feb 2026
Listing Price: ₹144
Msafe Equipments SME IPO GMP History | Listing Price ₹144 & Kostak Rate
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.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 04 Feb 2026 | ₹ 21 | 17% | ₹ 0 | ₹ 20000 | |
| 03 Feb 2026 | ₹ 23 | 19% | ₹ 0 | ₹ 22300 | |
| 02 Feb 2026 | ₹ 26 | 21% | ₹ 0 | ₹ 19800 | |
| 01 Feb 2026 | ₹ 26 | 21% | ₹ 0 | ₹ 19800 | |
| 31 Jan 2026 | ₹ 27 | 22% | ₹ 0 | ₹ 20500 | |
| 30 Jan 2026 | ₹ 27 | 22% | ₹ 0 | ₹ 20500 | |
| 29 Jan 2026 | ₹ 24 | 20% | ₹ 0 | ₹ 18000 | |
| 28 Jan 2026 | ₹ 22 | 18% | ₹ 0 | ₹ 13000 | |
| 27 Jan 2026 | ₹ 11 | 9% | ₹ 0 | ₹ 5300 | |
| 26 Jan 2026 | ₹ 11 | 9% | ₹ 0 | ₹ 5300 | |
| 23 Jan 2026 | ₹ 7 | 6% | ₹ 0 | ₹ 5300 |
Msafe Equipments SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 28 Jan, 2026 |
| Close Date | 30 Jan, 2026 |
| Allotment Date | 02 Feb, 2026 |
| Refund Date | 03 Feb, 2026 |
| Credit to Demat | 03 Feb, 2026 |
| Listing Date | 04 Feb, 2026 |
Msafe Equipments SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹123 |
| GMP-Based Estimate (Pre-Listing) | ₹137 (+18.1%) |
| Actual Listing Price | ₹144 (+17.07%) |
| Listing Gain / Loss | +₹21 per share |
| Listing Date | 04 Feb, 2026 |
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:
- Subscription 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?
- Timing 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.
- Grey 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.
- Cross-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 IPO Kostak Rate Explained
The Kostak rate for Msafe Equipments SME IPO was not active during the subscription period, as no grey market premium was established. 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, SHNI: ₹, BHNI: ₹. 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
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 Questions about Msafe Equipments SME IPO
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 : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
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, SHNI: ₹ 0, BHNI: ₹ 0.
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
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