Msafe Equipments IPO Subscription Status
Msafe Equipments IPO was subscribed 153.98 times when bidding closed on 30 Jan 2026: QIB 117.97x, NII 222.82x, Retail 133.16x.
The Msafe Equipments IPO has been subscribed 153.98x times overall. Retail investors have shown interest with bids for 133.16x the shares available. The Non-Institutional Investor (NII) category has been subscribed 222.82x. Qualified Institutional Buyers (QIBs) have subscribed 117.97x. Data last updated on 25 Aug, 12:55 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 28 Jan, 2026 and closes on 30 Jan, 2026. The shares are expected to list on stock exchanges on 04 Feb, 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | 11,99,79,000 of 10,17,000 | 117.97x |
| NII | 23,88,68,000 of 10,72,000 | 222.82x |
| Retail | 23,78,18,000 of 17,86,000 | 133.16x |
| TOTAL | 59,66,65,000 | 153.98x |
Application-wise breakup (estimated)
Approximate application counts — the exchanges don't publish these during bidding. Estimated from shares bid using the typical application size seen in recent IPOs' Basis of Allotment data. Final counts appear here once the Basis of Allotment is out.
| Category | Est. Applied | Times | |
|---|---|---|---|
| Retail max 1,684 | 1,17,690 | 69.89x | |
| TOTAL (EST.) | 1,17,690 |
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 134 applicants will be successful.
Institutional Backing
Massive institutional interest with QIBs subscribing 117.97x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
30 Jan 2026
Day 3 |
153.98x | ▼ | |
|
QIB117.97x
NII222.82x
Retail133.16x
|
|||
|
29 Jan 2026
Day 2 |
12.60x | ▼ | |
|
QIB0.81x
NII19.52x
Retail15.15x
|
|||
|
28 Jan 2026
Day 1 |
2.17x | ▼ | |
|
QIB0.80x
NII2.50x
Retail2.75x
|
|||
Msafe Equipments SME IPO dates
From the bidding window 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 IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds marked with applicant counts are computed from the exchange's actual application data (applicants ÷ allotment slots); others assume minimum-size bids at the current subscription multiple. Retail and HNI allotment is by SEBI-mandated lottery of the minimum application when oversubscribed; QIB allotment is proportionate. Numbers move until subscription closes. This is not investment advice.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during market hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Msafe Equipments IPO?
As of IPO close date (30 Jan, 2026), the Msafe Equipments IPO is subscribed 153.98x times. Retail category is 133.16x, and NII is 222.82x subscribed.
When is the allotment date for Msafe Equipments IPO?
The allotment for Msafe Equipments IPO is expected to be finalized on 02 February, 2026.
What is the GMP of Msafe Equipments?
The Grey Market Premium (GMP) for Msafe Equipments is currently ₹21, indicating a potential listing gain of 17%.
When will Msafe Equipments IPO list on the stock market?
Msafe Equipments is scheduled to list on BSE and NSE on 04 February, 2026.
What are the chances of getting allotment in Msafe Equipments IPO?
The retail category is oversubscribed at 133.16x, meaning allotment is by lottery. Statistically, approximately 1 in 134 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 117.97x mean for Msafe Equipments IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 117.97x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Msafe Equipments IPO allotment status?
After the allotment date (02 Feb, 2026), you can check your Msafe Equipments IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Msafe Equipments SME IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
Subscription moves by the hour. Get it on your phone.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
