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Safa Systems IPO is a fixed price issue of Rs 4.00 crores.
Safa Systems IPO bidding started from January 28, 2022 and ended on February 1, 2022. The allotment for Safa Systems IPO was finalized on Friday, February 4, 2022. The shares got listed on BSE SME on February 9, 2022.
Safa Systems IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.
Finshore Management Services Limited is the book running lead manager of the Safa Systems IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Safa Systems IPO RHP for detailed information.
| IPO Date | January 28, 2022 to February 1, 2022 |
| Listing Date | February 9, 2022 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 4,000,000 shares (aggregating up to ₹4.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 11,077,550 |
| Share holding post issue | 15,077,550 |
| Market Maker portion | 200,000 shares |
Safa Systems IPO offers 4,000,000 shares. 1,900,000 (47.50%) to NII, 1,900,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 200,000 (5.00%) |
| Other Shares Offered | 1,900,000 (47.50%) |
| Retail Shares Offered | 1,900,000 (47.50%) |
| Total Shares Offered | 4,000,000 (100%) |
Safa Systems IPO opens on January 28, 2022, and closes on February 1, 2022.
| IPO Open Date | Friday, January 28, 2022 |
| IPO Close Date | Tuesday, February 1, 2022 |
| Basis of Allotment | Friday, February 4, 2022 |
| Initiation of Refunds | Monday, February 7, 2022 |
| Credit of Shares to Demat | Tuesday, February 8, 2022 |
| Listing Date | Wednesday, February 9, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 1, 2022 |
Investors can bid for a minimum of 10000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
| Lot Size Calculator | |||
Mr. Faizal Bavaraparambil Abdul Khader and Mr. Bavaraparambil Abdhulkadher Hydrose are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.47% |
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:
| 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 | ||
The market capitalization of Safa Systems IPO is Rs 15.08 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 29.41 |
The IPO aims to utilize the net proceed for the following objectives;
[Dilip Davda] SSTL’s financial performance so far is not up to the mark and making this at par offer a costly bet. Based on its financial data so far and the fragmented segment with cutthroat competition makes it a risky bet even at par. There is no harm in ignoring this at par issue. Read detail review...
The Safa Systems IPO is subscribed 52.71 times on February 1, 2022 6:52:00 PM. The public issue subscribed 40.81 times in the retail category, times in the QIB category, and 64.61 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 64.61 |
| Retail | 40.81 |
| Total | 52.71 |
| Listing Date | February 9, 2022 |
| BSE Script Code | 543461 |
| NSE Symbol | |
| ISIN | INE0JNA01014 |
| Final Issue Price | ₹10 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹10.00 |
| ₹16.55 |
| ₹15.73 |
| ₹17.37 |
| ₹15.73 |
Safa Systems & Technologies Limited
46/2631 B, Safa Arcade,
Kaniyapilly Road, Chakkaraparambu,
Ernakulam-682028, Kerala, India
Phone: 7593001140
Email: office@sssinfo.in
Website: http://www.sssinfo.in/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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Safa Systems IPO is a SME IPO of 4,000,000 equity shares of the face value of ₹10 aggregating up to ₹4.00 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.
The IPO opens on January 28, 2022, and closes on February 1, 2022.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Safa Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Safa Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Safa Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Safa Systems IPO opens on January 28, 2022 and closes on February 1, 2022.
Safa Systems IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.
You can apply in Safa Systems IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Safa Systems IPO will be done on Friday, February 4, 2022, and the allotted shares will be credited to your demat account by Tuesday, February 8, 2022. Check the Safa Systems IPO allotment status.
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