IPO market

Msafe Equipments IPO is a SME fixed price IPO. Issue size is 66 Cr. Price band is ₹116 to ₹123 per share. Minimum investment is ₹2.46 L. Lot size is 1000 shares. Open from 28 Jan 2026 to 30 Jan 2026. Allotment on 2 Feb 2026. Listing on 4 Feb 2026 at BSE. Managed by Seren Capital Pvt.Ltd. Registrar: Maashitla Securities Private Limited. Key details for GMP, subscription, price, allotment, and listing in one place.
Live IPO subscription for Msafe Equipments IPO across categories. Total demand ₹59.67 Cr vs offered ₹35.77 L.
| Category | Placed | Offered | Times |
|---|---|---|---|
| QII | 11,99,79,000 | 10,17,000 | 117.97 |
| NII | 23,88,68,000 | 7,74,000 | 308.61 |
| NII (>10L) | 19,68,19,000 | 5,16,000 | 381.43 |
| NII (<10L) | 4,20,49,000 | 2,58,000 | 162.98 |
| Retail | 23,78,20,000 | 17,86,000 | 133.16 |
| Total | 59,66,67,000 | 35,77,000 | 166.81 |
| Category | Placed | Offered | Times |
|---|---|---|---|
| HNI (>10L) | 20,229 | 171 | 118.30 |
| HNI (3-10L) | 14,017 | 86 | 162.99 |
| Retail | 118,910 | 893 | 133.16 |
| Total | 153,156 | 1,150 | 133.18 |
How to read QIB / NII / Retail demand and what it implies.