Msafe Equipments IPO subscribed 151.92 times so far on Day 3: Check allotment date and steps

Msafe Equipments IPO: The initial public offering of aluminium scaffolding manufacturer Msafe Equipments Ltd has been subscribed 151.92 times so far on Friday, January 30, the final day of bidding.

It received bids for 58,87,08,000 shares as against 38,75,000 shares on offer, according to the BSE data until 4:06 pm. The quota for individual investors was booked 129.01 times, while non-institutional investors subscribed their part 222.31 times. The portion reserved for qualified institutional buyers received 117.97 times subscription.

The ₹66.42 crore initial share sale is a mix of fresh issuance of 44 lakh shares aggregating to ₹54.12 crore and an offer for sale of 10 lakh shares valued at ₹12.30 crore by promoters Vansh Aggarwal and Ajay Kumar Kanoi.

The fresh issue proceeds will be utilised for funding capital expenditure needs towards establishing a manufacturing facility, manufacturing equipment for rental purposes, working capital requirements and general corporate purposes.

With a price band of ₹116 to ₹123 per share, a lot consists of 1,000 shares. Individual investors can apply for a minimum of two lots or 2,000 shares.

Msafe Equipments is engaged in the manufacturing, sales and rental of access and height-safety equipment, generally used for safe working at heights. Its product portfolio includes aluminium scaffoldings, aluminium ladders, mild steel (MS) scaffoldings, and fibre-reinforced plastic (FRP) ladders.

Msafe Equipments IPO allotment and listing date

The basis of allotment of Msafe Equipments IPO will likely be finalised on Monday, February 2. The listing on the BSE SME platform will occur on Wednesday, February 4.

How to check Msafe Equipments IPO allotment status on BSE website

• Open the IPO status page of BSE on your browser: https://bseindia.com/investors/appli_check.aspx
• Pick ‘Equity’ as the issue type
• Select 'Msafe Equipments' from the ‘Issue Name’ dropdown
• Fill in either your IPO application number or PAN details
• Hit the ‘Search’ button

Steps to check Msafe Equipments IPO allotment status on Maashitla Securities

• Go to the registrar's allotment status link: https://maashitla.com/allotment-status/public-issues
• Select 'Msafe Equipments Ltd' from the dropdown list
• Enter either Application Number/PAN//Demat Account Number
• Click on the ‘Submit’ button to check status

Msafe Equipments IPO GMP