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Richa Info Systems IPO vs Safa Systems IPO

Comparision between Richa Info Systems IPO and Safa Systems IPO.

IPO Details

Richa Info Systems IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Safa Systems IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Richa Info Systems IPO Safa Systems IPO
Logo Richa Info Systems IPO Logo Safa Systems IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Swastika Investmart Ltd Finshore Management Services Limited
Registrar Link Intime India Private Ltd Cameo Corporate Services Limited
Market Maker
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Richa Info Systems IPO is up to ₹10.00 Cr whereas the issue size of the Safa Systems IPO is up to ₹4.00 Cr. The final issue price of Richa Info Systems IPO is ₹125.00 per share and of Safa Systems IPO is ₹10.00 per share.

  Richa Info Systems IPO Safa Systems IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹125.00 per share ₹10.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1000 shares 10000 shares
Fresh Issue Size 8,00,000 shares
Fresh Issue Size (Amount) up to ₹10.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 8,00,000 shares 40,00,000 shares
Issue Size Total (Amount) up to ₹10.00 Cr up to ₹4.00 Cr

IPO Timetable

Richa Info Systems IPO opens on Feb 09, 2022, while Safa Systems IPO opens on Jan 28, 2022. The closing date of Richa Info Systems IPO and Safa Systems IPO is Feb 11, 2022, and Feb 01, 2022, respectively.

  Richa Info Systems IPO Safa Systems IPO
Anchor Bid Date
Issue Open Feb 09, 2022 Jan 28, 2022
Issue Close Feb 11, 2022 Feb 01, 2022
Basis Of Allotment (Tentative) Feb 16, 2022 Feb 04, 2022
Initiation of Refunds (Tentative) Feb 17, 2022 Feb 07, 2022
Credit of Share (Tentative) Feb 17, 2022 Feb 08, 2022
Listing date (Tentative) Feb 21, 2022 Feb 09, 2022
Anchor Lockin End date 1 Mar 18, 2022 Mar 06, 2022
Anchor Lockin End date 2 May 17, 2022 May 05, 2022

Financials

Richa Info Systems IPO P/E ratio is 41.67, as compared to Safa Systems IPO P/E ratio of 29.41.

  Richa Info Systems IPO Safa Systems IPO
Financial
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Nov-21 31-Mar-21 31-Mar-20
Total Assets 172.13 88.38 40.65
Total Revenue 139.68 201.13 175.62
Profit After Tax 4.85 7.22 3.34
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  7-Oct-21 31-Mar-21 31-Mar-20
Total Assets 446.81 489.28 402.67
Total Revenue 1,451.92 2,086.60 2,552.25
Profit After Tax 2.73 2.93 3.12
Promoter Shareholding (Pre-Issue) 100%
Promoter Shareholding (Post-Issue) 73.47%
P/E Ratio 41.67 29.41
Market Cap ₹30.38 Cr. ₹15.08 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Richa Info Systems IPO retail investors (RII) are offered 3,80,000 shares while in Safa Systems IPO retail investors are offered 3,80,000 shares. Qualified institutional buyers (QIB) are offered in Richa Info Systems IPO and in Safa Systems IPO.

  Richa Info Systems IPO Safa Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration 40,000 shares 2,00,000 shares
QIB
NII 3,80,000 shares 19,00,000 shares
RII 3,80,000 shares 19,00,000 shares
Employee
Others
Total 7,60,000 shares 38,00,000 shares

Bids Received (Subscription)

Richa Info Systems IPO subscribed 5.05x in total, whereas Safa Systems IPO subscribed 52.71x.

  Richa Info Systems IPO Safa Systems IPO
QIB (times)
NII (times) 3.16x 64.61x
Big NII (times)
Small NII (times)
RII (times) 6.94x 40.81x
Employee (times)
Other (times)
Total (times) 5.05x 52.71x

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