Mumbai, Feb. 4 -- The scrip listed at Rs 144, a 17.07% premium to the issue price. The stock was currently frozen at its upper limit of 5% to the listing price. The stock touched a high of Rs 151.20 and a low of Rs 136.80, with around 30.54 lakh shares changing hands on the counter.

Msafe Equipments' IPO was subscribed 153.98 times. The issue opened for bidding on 28 January 2026 and it closed on 30 January 2025. The price band of the IPO was fixed between Rs 116 to Rs 123 per share.

The IPO comprised fresh issue of 44,00,000 equity shares and offer for sale (OFS) of 10,00,000 equity shares by existing shareholders.

The company intends to utilize the net proceeds for funding of capital expenditure towards setup of a new manufacturing f...