Msafe Equipments IPO GMP: Today’s GMP, Price, Dates & Analysis

The SME IPO market continues to remain active in late January 2026, with manufacturing and industrial safety equipment companies drawing investor attention amid steady industrial growth. Msafe Equipments IPO is one such upcoming issue, with investors closely tracking the Msafe Equipments IPO GMP to assess early grey market sentiment ahead of its proposed BSE SME listing.

This update highlights the IPO’s key details, issue structure, price band, important dates, current GMP status, and investor considerations.

Msafe Equipments IPO Overview

Msafe Equipments IPO is a book-built SME issue with a total issue size of ₹66.42 crore. The issue comprises a combination of fresh issue and offer for sale (OFS). While the fresh issue portion is intended to support business growth and operational requirements, the OFS allows existing shareholders to partially divest their holdings.

The company is engaged in the manufacturing and supply of industrial safety equipment, catering to demand from infrastructure, manufacturing, and industrial sectors.

Key Highlights

 Issue Size: ₹66.42 crore
 Fresh Issue: ₹54.12 crore
 Offer for Sale (OFS): ₹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 Date: February 4, 2026

Price Band & Lot Size

The IPO is offered in a price band of ₹116 to ₹123 per share.

 Lot Size: 1,000 shares
 Retail Minimum Application: 2 lots (2,000 shares)
 Retail Investment: ₹2,46,000 (at upper price band)
 HNI Minimum Application: 3 lots (3,000 shares) – ₹3,69,000

Msafe Equipments IPO GMP Today

As per the latest available data on January 24, 2026, the Msafe Equipments IPO GMP is ₹11 in the grey market. This suggests positive early sentiment, with an estimated listing price of around ₹134, indicating potential listing gains of nearly 9% over the upper issue price.

Note: IPO GMP is unofficial and highly volatile. It may change quickly based on subscription demand and broader market conditions and should not be considered a guaranteed indicator of listing performance.

IPO Strengths & Risks

 Strengths

 Operates in the industrial safety equipment segment with rising demand
 Balanced issue structure combining fresh issue for growth and OFS for liquidity
 Positive GMP indicating healthy pre-listing investor interest
 BSE SME listing attracts niche and sector-focused investors

 Risks

 SME stocks may face liquidity constraints after listing
 Business performance linked to industrial and manufacturing cycles
 GMP-based expectations may not always translate into actual listing gains

 FAQs on Msafe Equipments IPO GMP

 What is the Msafe Equipments IPO GMP today?

The current IPO GMP is ₹11, indicating positive grey market sentiment.

 When does Msafe Equipments IPO open?

The IPO opens on January 28, 2026, and closes on January 30, 2026.

 What is the price band of Msafe Equipments IPO?

The price band is fixed at ₹116 to ₹123 per share.

 What is the minimum investment for retail investors?

Retail investors must apply for 2,000 shares, requiring an investment of ₹2,46,000 at the upper price band.

 On which exchange will Msafe Equipments IPO be listed?

The IPO is proposed to be listed on the BSE SME platform, with a tentative listing date of February 4, 2026.

Final Note

The Msafe Equipments IPO GMP currently reflects positive early sentiment, making the issue worth monitoring during the subscription period. However, investors should balance grey market indicators with the company’s fundamentals, sector outlook, and individual risk appetite before making an investment decision.

Disclaimer: This content is for informational purposes only and does not constitute investment advice.