Safa Systems & Technologies Limited IPO Detail
Established on 2012, Safa Systems & Technologies is engaged in the business of distributorship of consumer durable products like Mobile phones, Mobile phone accessories, Tablets, LED TVs, Home appliances and wearable devises of various brands like Xiaomi, OPPO, TECNO, Micromax, One Plus in Kerala. The company works in B2B (Business to Business) model.
The company has strict quality regulations and has been also awarded with ISO 9001:2015 quality certifications. Recently, the company has taken an office in Mumbai as a part of its expansion plans to grow their presence into other regions of the country.
Competitive Strengths:
- Organizational stability along with management expertise
- Established relationship with customers and suppliers
- Strong supplier relationship ensuring the right supply and pricing of the products
- Quality & ISO Certifications
Company Promoters
Mr. Faizal Bavaraparambil Abdul Khader and Mr. Bavaraparambil Abdhulkadher HydroseIPO Details
| IPO Opening Date | Jan 28, 2022 |
| IPO Closing Date | Feb 01, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹10 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹4.00 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0x | - | - | 1.57x | 1.24x | 1.41x |
| Day 2 | 0x | - | - | 2.68x | 7.12x | 4.90x |
| Day 3 | 0x | - | - | 64.61x | 40.64x | 52.62x |
IPO Tentative Timetable
The Safa Systems & Technologies Limited IPO open date is Jan 28, 2022, and the close date is Feb 01, 2022. The issue may list on Feb 09, 2022.
| IPO Open Date | Jan 28, 2022 |
| IPO Close Date | Feb 01, 2022 |
| Basis of Allotment Date | Feb 04, 2022 |
| Initiation of Refunds | Feb 07, 2022 |
| Credit of Shares to Demat Account | Feb 08, 2022 |
| IPO Listing Date | Feb 09, 2022 |
IPO Lot Size
The Safa Systems & Technologies Limited IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 1 lots (10000 shares or ₹100000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹100000 |
| Maximum | 1 | 10000 | ₹100000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.47% |
Company Financials:
For the year/period ended (₹ in Millions)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 07-Oct-21 | 446.81 | 1,451.92 | 2.73 |
| 31-Mar-21 | 489.28 | 2,086.60 | 2.93 |
| 31-Mar-20 | 402.67 | 2,552.25 | 3.12 |
Objects of the Issue:
- To meet the working capital requirements of the company
- To meet the issue expenses; and
- General corporate purposes.
Safa Systems & Technologies Limited IPO Registrar:
Cameo Corporate Services Limited
Safa Systems & Technologies Limited IPO Lead Manager(s):
Finshore Management Services Limited
Company Contact Information:
Safa Systems & Technologies Limited
46/2631 B, Safa Arcade, Kaniyapilly Road, Chakkaraparambu,
Ernakulam
Kerala
