By Admin 
Msafe Equipments IPO: Investors’ interest in Initial Public Offering (IPO) may increase in the coming trading days in the Indian stock market. In this context, the public issue of Msafe Equipments company is in the news. Which will be open for investment from January 28 to January 30.
Amidst the ongoing turmoil in the market, this issue is also in the headlines because at present this IPO is showing good strength in the gray market. In such a situation, investors can plan to place their bets in this new issue. Let us know about this company….
From price band to issue size
The company has fixed the price band of Rs 116 to Rs 123 per share for those investing under Msafe Equipments IPO. In this, 1000 shares have been placed in one lot, but retail investors will have to place their bets on at least two lots. That means investors will have to apply for 2000 shares simultaneously. According to this, at least around Rs 2,46,000 will have to be invested.
The company is planning to raise a total of Rs 66.42 crore through this IPO. Under this, 44 lakh new shares will be issued. Whereas under Offer for Sale, 10 lakh shares will be launched in the market. The company is going to use this fund to expand its business and strengthen its financial position.
Condition of company shares in gray market
If we talk about the performance of company shares in the gray market, there is a rise in them. According to the report of Investors Gain, at present the company’s IPO is trading at a premium of Rs 11 in the gray market.
Which indicates a possible listing gain of about 8.94 percent. Till now its highest GMP has been Rs 11 and lowest level has been Rs 7 per share. The company’s shares are going to be listed on the BSE SME platform.
company business
The company manufactures security related equipment. Which are used in areas working at height. It was established in the year 2019 and its manufacturing unit is located in Greater Noida, Uttar Pradesh. Apart from this, the company’s warehouses are present in Maharashtra, Karnataka, Punjab, Gujarat, Tamil Nadu and West Bengal.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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