New Delhi, Feb. 4 -- MSafe Equipments share price made strong listing on Wednesday, February 4, by listing at a premium of 17% over the IPO upper price of Rs.123.

MSafe Equipments shares opened at Rs.144 apiece on BSE SME, on Wednesday. This means that the IPO allottees gained 17% over the MSafe Equipments IPO listing.

The listing of MSafe Equipments IPO came in line with the market expectations. Ahead of listing, the GMP of MSafe Equipments IPO was +21, which indicated the estimated listing of Rs.144, as per websites tracking grey market trends.

After listing, MSafe Equipments share price immediately fell 2.78% to Rs.140 on BSE, in Wednesday's session.

The SME IPO was subscribed 153.98 times, attracting bids for 59,66,65,000 shares a...