Msafe Equipments IPO, Jan. 30 -- The initial public offering (IPO) of Msafe Equipments, which opened for bidding on Wednesday, January 28, received a robust response from all sections of investors, with the issue being subscribed 73.23 times as of 1:30 PM.

The IPO received bids for 26.19 crore shares against 35.77 lakh shares on offer. The NII segment showed particularly strong interest, with its quota being subscribed 149.55 times, while the QIB segment was subscribed 31.74 times.

The retail investor category also displayed strong enthusiasm, placing bids for 11.38 crore shares against their reserved 17.86 lakh shares, resulting in a subscription of 63.77 times.

The company proposes to utilise the net proceeds from the IPO to meet wor...