GMP is an unofficial indicator of investor demand before listing — not a guaranteed outcome.

Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions.

Msafe Equipments IPO.

Aluminium Products & Iron & Steel — Sme IPO listing on BSE

28 January - 30 January 2026
Fixed Price IPO
Fresh Capital & Offer For Sale
Price Band
₹ 116 – 123
Lot Size
1000
Issue Size
₹66 Cr
Minimum Investment
₹246000 (2000 Shares)
Listing Date
04 February 2026

Grey Market Premium

₹62

▲ 24.6% over cap

As On Issue Price GMP Esti. Listing
04 February 2026 ₹123.00 ₹21 ₹144
03 February 2026 ₹123.00 ₹21 ₹144
02 February 2026 ₹123.00 ₹20 ₹143
01 February 2026 ₹123.00 ₹26 ₹149
31 January 2026 ₹123.00 ₹26 ₹149
30 January 2026 ₹123.00 ₹26 ₹149
29 January 2026 ₹123.00 ₹25 ₹148
28 January 2026 ₹123.00 ₹23 ₹146
27 January 2026 ₹123.00 ₹20 ₹143
26 January 2026 ₹123.00 ₹11 ₹134
25 January 2026 ₹123.00 ₹11 ₹134
24 January 2026 ₹123.00 ₹11 ₹134
23 January 2026 ₹123.00 ₹11 ₹134
22 January 2026 ₹123.00 ₹7 ₹130