Msafe SME IPO Subscription
ListedUpdated 4 February 2026, 9:15 AM IST· BSE SME
Msafe SME IPO subscription closed on 30 January 2026 at 166.81x overall by shares. QIB demand came in at 117.97x, NII at 308.61x, and retail at 133.16x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 2 February 2026. Listing date on NSE and BSE is 4 February 2026.
Msafe SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 28 Jan 2026 | 0.80x | 3.46x | 2.78x | 2.37x |
| Day 2 - 29 Jan 2026 | 0.81x | 26.65x | 15.15x | 13.56x |
| Day 3 - 30 Jan 2026 | 117.97x | 308.23x | 133.16x | 166.72x |
Msafe SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Msafe SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 133.16x | 1 in 133 |
| SHNI (Rs 2L to Rs 10L) | 146.71x | 1 in 147 |
| BHNI (above Rs 10L) | 122.65x | 1 in 123 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Msafe SME IPO Allotment Status page from 2 February 2026 for your result.
Msafe SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 123.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 12.51 Cr | Rs 1,475.74 Cr | 117.97x |
| FII | - | Rs 326.07 Cr | - |
| DFI | - | Rs 91.71 Cr | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 1,057.96 Cr | - |
| NII | Rs 9.52 Cr | Rs 2,938.08 Cr | 308.61x |
| bNII (above Rs 10L) | Rs 6.35 Cr | Rs 2,420.87 Cr | 381.43x |
| Corporate | - | Rs 27.52 Cr | - |
| Individual | - | Rs 2,363.63 Cr | - |
| Other | - | Rs 29.73 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 3.17 Cr | Rs 517.20 Cr | 162.98x |
| Corporate | - | Rs 2.44 Cr | - |
| Individual | - | Rs 508.74 Cr | - |
| Other | - | Rs 6.03 Cr | - |
| IND | Rs 21.97 Cr | Rs 2,925.19 Cr | 133.16x |
| Fixed price | - | Rs 2,925.19 Cr | - |
| Total | Rs 44.00 Cr | Rs 7,339.00 Cr | 166.81x |
Msafe SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 1,017 | 103 | 0.10x |
| FII | - | 27 | - |
| DFI | - | 4 | - |
| Mutual Funds | - | - | - |
| Other | - | 72 | - |
| NII | 258 | 33,712 | 130.67x |
| bNII (above Rs 10L) | 172 | 21,095 | 122.65x |
| Corporate | - | 213 | - |
| Individual | - | 20,622 | - |
| Other | - | 260 | - |
| sNII (Rs 2L to Rs 10L) | 86 | 12,617 | 146.71x |
| Corporate | - | 61 | - |
| Individual | - | 12,409 | - |
| Other | - | 147 | - |
| IND | 893 | 1,18,910 | 133.16x |
| Fixed price | - | 1,18,910 | - |
| Total | 2,168 | 1,52,725 | 70.45x |
What Do These Subscription Numbers Mean?
166.81x overall by shares means bids covered about 167 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 117.97x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (130.67x by applications). Split: SHNI 146.71x, BHNI 122.65x by applications. SHNI and BHNI allotment is by lottery.
At 133.16x subscription by applications, about 1 in 133 retail applicants may get allotment (~1% chance per application). Retail allotment is also by lottery.
Msafe SME IPO GMP After Subscription
GMP for Msafe SME stands at Rs 26.00 today, giving an estimated listing price of Rs 149.00 per share.
The GMP has moved up from Rs 7.00 on 22 Jan 2026 to Rs 23.00 on 2 Feb 2026.
A subscription of 166.81x combined with a GMP of 21.14% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Msafe SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Msafe SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 28 January 2026 |
| IPO Close Date | 30 January 2026 |
| Allotment Date | 2 February 2026 |
| Refund Initiation | 3 February 2026 |
| Share Credit to Demat | 3 February 2026 |
| Listing Date | 4 February 2026 |
| Minimum Investment | Rs 2,46,000.00 |
| Lot Size | 1000 shares |
About Msafe SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Msafe SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Msafe SME Details
Issue size, price, financials, and company info
Msafe SME GMP
Live grey market premium and listing estimate
Msafe SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Msafe SME Allotment
Allotment date, chances, and check by PAN
Msafe SME Review
SWOT, strengths, risks, and IPO review
Msafe SME FAQ
Common questions on dates, GMP, and allotment
Msafe SME Registrar
Registrar website and how to check allotment
Msafe SME Timeline
Open, close, allotment, and listing dates
Msafe SME News
Updates, blogs, and latest IPO news
Msafe SME IPO Subscription FAQs
What is Msafe SME IPO subscription status today?
Msafe SME IPO subscription closed on 30 January 2026 with overall subscription of 166.81x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 117.97x, NII 130.67x, IND 133.16x.
What is the overall subscription of Msafe SME IPO?
Msafe SME IPO is subscribed 166.81x overall by shares at close on 30 January 2026. QIB 117.97x, NII 130.67x, and IND 133.16x.
What is Msafe SME IPO QIB subscription?
Msafe SME IPO QIB (Qualified Institutional Buyers) subscription is 117.97x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Msafe SME IPO IND subscription?
Msafe SME IPO IND subscription is 133.16x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Msafe SME IPO NII, SHNI, and BHNI subscription?
Msafe SME IPO NII subscription is 130.67x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 146.71x and BHNI (above Rs 10L) at 122.65x.
What are Msafe SME IPO retail allotment chances?
At 133.16x subscription by applications, about 1 in 133 retail applicants may get allotment (~1% chance per application). Allotment is by lottery.
What are Msafe SME IPO SHNI allotment chances?
At 146.71x subscription by applications, about 1 in 147 SHNI applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 162.98x. Allotment chances use applications, not share volume.
What are Msafe SME IPO BHNI allotment chances?
At 122.65x subscription by applications, about 1 in 123 BHNI applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 381.43x. Allotment chances use applications, not share volume.
When is Msafe SME IPO allotment date?
Msafe SME IPO allotment date is 2 February 2026. Check Msafe SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Msafe SME IPO subscription close?
Msafe SME IPO subscription closed on 30 January 2026. No new applications are accepted after the close.
What is Msafe SME IPO GMP today?
Msafe SME IPO GMP is ₹26 today (+21.14% over issue price ₹123). See live GMP on the Msafe SME IPO GMP Today page.
What is Msafe SME IPO issue price and lot size?
Msafe SME IPO issue price is ₹123 per share. Lot size is 1000 shares. Minimum investment is ₹2,46,000 per lot (minimum 2 lots for SME). Issue size: ₹62.75 Cr.
When is Msafe SME IPO listing date?
Msafe SME IPO listing date is 4 February 2026 on NSE and BSE. Allotment is on 2 February 2026.
How does subscription affect Msafe SME IPO allotment?
In Msafe SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 166.81x overall, competition is very high.
For allotment results from 2 February 2026, visit the Msafe SME IPO Allotment Status page. For listing day updates on 4 February 2026, download the IPOwiz App.
Sources
We match Msafe SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.