Investors are expected to see increased interest in initial public offerings (IPOs) in the Indian stock market in the coming trading days. In this context, one company's public issue is generating significant buzz...

This company's issue opens on January 28; shares are moving fast in the gray market, learn the details.

Msafe Equipment IPO: Investor interest in initial public offerings (IPOs) is expected to increase in the Indian stock market in the coming trading days. In this context, the public issue of Msafe Equipment is gaining significant attention. It will be open for investment from January 28th to January 30th.  

Amidst the ongoing market turmoil, this issue is also in the headlines because this IPO is currently showing strong performance in the gray market. Investors may want to consider investing in this new issue. Let's learn more about this company...

From price band to issue size

For investors in the Msafe Equipment IPO, the company has set a price band of ₹116 to ₹123 per share. A single lot consists of 1,000 shares, but retail investors must place their bets on at least two lots. This means investors must apply for 2,000 shares at a time. Consequently, a minimum investment of approximately ₹246,000 is required. 

The company plans to raise a total of ₹66.42 crore through this IPO. 4.4 million new shares will be issued, while 1 million shares will be placed on the market through an offer for sale. The company plans to use these funds to expand its business and strengthen its financial position. 

Condition of company shares in the gray market

The company's shares are showing a strong performance in the gray market. According to a report by Investors Gain, the company's IPO is currently trading at a premium of ₹11 in the gray market.

This suggests a potential listing gain of approximately 8.94%. Its highest GMP so far has been ₹11, and its lowest level has been ₹7 per share. The company's shares will be listed on the BSE SME platform.

company business 

The company manufactures safety equipment used in high-altitude work. Founded in 2019, it has a manufacturing facility in Greater Noida, Uttar Pradesh. It also has warehouses in Maharashtra, Karnataka, Punjab, Gujarat, Tamil Nadu, and West Bengal.