One of the companies whose IPO investors will keep an eye on this week is Msafe Equipments IPO. The company’s IPO will be open from January 28 to January 30. This is the only IPO currently performing well in the gray market.
How much is the price?
The price band of Msafe Equipments IPO has been set at Rs 116 to Rs 123 per share. The company has made one lot of 1000 shares. But retail investors will have to place bets on at least two lots simultaneously. Because of which the minimum investment will have to be Rs 246000.
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What is the size of IPO?
The size of Msafe Equipments IPO is Rs 66.42 crore. The company will issue 44 lakh fresh shares through IPO. At the same time, 10 lakh shares will be issued through offer for sale.
How much is GMP?
According to the report of Investors Gain, the company’s IPO is trading at a premium of Rs 11 in the gray market today. Which represents a listing gain of 8.94 percent. The highest GMP of IPO is Rs 11 and lowest GMP is Rs 7 per share. Let us tell you, the listing of the company will be in BSE SME. The company has appointed Seren Capital Pvt as the lead manager for the IPO. And Maashitla Securities Pvt.Ltd has been made the registrar.
Net profit of ₹3446 crore, NPA of the bank reduced, shares divided into 5 parts
What does the company do?
The company manufactures security related products. So that work can be done easily in high altitude areas. The company was established in 2019. The company manufacturing unit is located in Greater Noida, Uttar Pradesh. Apart from this, there are warehouses in Maharashtra, Karnataka, Punjab, Gujarat, Tamil Nadu and West Bengal. Out of the money raised from IPO, the company will use Rs 32.26 crore for the manufacturing center.
