Data sourced from BSE · Compiled by IPO Ji · IPO subscription data last updated
Total 166.81x·QIB 117.97x·NII 308.61x·Individual 133.16x
Based on individual subscription by applications (133.16×), approximately 1 in 133 individual applications may receive an allotment. Final allotment is decided by the registrar’s computerised lottery.
Msafe Equipments Limited SME IPO was subscribed 166.81x in total when bidding closed on Jan 30, 2026, with 117.97x in the QIB category, 308.61x in NII, 133.16x in individual across BSE. This represents a strong oversubscription, reflecting heavy investor demand; a high subscription figure does not guarantee listing gains, and allotment follows the applicable category and exchange rules. The issue ran from Jan 28, 2026 to Jan 30, 2026 at a price band of ₹116–₹123 per share. Allotment was finalised on Feb 2, 2026.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 1017000 | 119979000 | 117.97 |
| NIIs | 774000 | 238868000 | 308.61 |
| BNIIs (>10L) | 516000 | 196819000 | 381.43 |
| SNIIs (<10L) | 258000 | 42049000 | 162.98 |
| Individual | 1786000 | 237820000 | 133.16 |
| Total | 3577000 | 596667000 | 166.81 |
| Total Applications1,52,725 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| BNIIs (>10L) | 172 | 21,095 | 122.65 |
| SNIIs (<10L) | 86 | 12,617 | 146.71 |
| Individual | 893 | 1,18,910 | 133.16 |
| Total Applications1,52,725 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 12.51 | 1475.74 | 117.97 |
| FIIs | - | 326.07 | - |
| DIIs | - | 91.71 | - |
| Mutual Funds | - | 0.00 | - |
| Others | - | 1057.96 | - |
| NIIs | 9.52 | 2938.08 | 308.61 |
| BNIIs (>10L) | 6.35 | 2420.87 | 381.43 |
| SNIIs (<10L) | 3.17 | 517.2 | 162.98 |
| Individual | 21.97 | 2925.19 | 133.16 |
| TOTAL | 44 | 7339 | 166.81 |
| As on | QIB |
NII
bHNI
sHNI
|
Individual | Total |
|---|---|---|---|---|
|
Day 1
28 Jan 2026
5:00 PM
|
0.80x |
3.46x
3.72x
2.95x
|
2.78x | 2.37x |
|
Day 2
29 Jan 2026
5:00 PM
|
0.81x |
27.04x
31.86x
17.39x
|
15.15x | 13.65x |
|
Day 3
30 Jan 2026
5:00 PM
|
117.97x |
308.61x
381.43x
162.98x
|
133.16x | 166.81x |
|
Day 4
2 Feb 2026
5:00 PM
|
117.97x |
308.61x
381.43x
162.98x
|
133.16x | 166.81x |
Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from BSE.
| Category | Times (by applications) |
|---|---|
| bHNI | 122.65x |
| sHNI | 146.71x |
| Individual | 133.16x |
Because Msafe Equipments closed oversubscribed, applicants were not guaranteed full allotment. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.
A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.
IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →
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