Msafe Equipments IPO allotment: How to check status online on Maashitla Securities, BSE; listing date, time revealed

Msafe Equipments IPO allotment: The basis of allotment of aluminium scaffolding maker Msafe Equipments Limited will be finalised on Monday, February 2. The bid finalisation details will be available on the BSE and Maashitla Securities websites.

The initial public offer was subscribed 153.98 times, with bids for 59,66,65,000 shares compared to 38,75,000 shares on offer, according to the BSE data.

The initial share sale, with a price band of ₹116 to ₹123 per share, aimed to raise ₹66.42 crore via fresh issuance of 44 lakh shares worth ₹54.12 crore and an offer for sale (OFS) of ₹12.30 crore by promoters Ajay Kumar Kanoi and Vansh Aggarwal.

The money generated will be utilised for capital expenditure requirements towards setting up a manufacturing facility, working capital requirements, manufacturing equipment for rental purposes and corporate general purposes.

Msafe Equipments manufactures, sells and rents out height-safety equipment, which is used for safe working at heights. Its product portfolio includes aluminium ladders, aluminium scaffoldings, mild steel scaffoldings, and fibre-reinforced plastic ladders.

"We expect to achieve the benefit of listing of the equity shares on the stock exchanges, enhancement of our company’s visibility and brand name amongst our existing and potential customers and creation of a public market for the equity shares in India," the company said in its red herring prospectus.

Msafe Equipments IPO allotment date and time

Msafe Equipments IPO allotment status is likely to be finalised on Monday, February 2, by late evening.

Msafe Equipments IPO allotment status online on BSE website

• Visit the IPO status page of BSE: https://bseindia.com/investors/appli_check.aspx
• Select ‘Equity’ as the issue type
• From the 'Issue Name' list, pick 'Msafe Equipments'
• Mention your PAN card details and IPO application number
• Click on the ‘Search’ button

How to check Msafe Equipments IPO allotment status online on Maashitla Securities

• Visit the allotment status page on Maashitla Securities: https://maashitla.com/allotment-status/public-issues
• From IPOs, select 'Msafe Equipments Ltd'
• Fill in either your Application Number/Demat Account Number/PAN
• Press the submit button

Msafe Equipments IPO listing date and time

Shares of Msafe Equipments will hit the BSE SME platform on Wednesday, February 4, at 10 am.

Msafe Equipments IPO GMP

According to investorgain.com and media reports, unlisted shares of Msafe Equipments are trading at ₹149, reflecting a grey market premium of 21.14% over the upper price band of ₹123.