Safa Systems & Technologies Limited IPO
BSE SMEListed On: Feb 9, 2022 at ₹ 16.55
₹ 200000 /20000 Shares
*Min Investment
28 Jan, 2022
Open Date01 Feb, 2022
Close Date04 Feb, 2022
Allotment Date09 Feb, 2022
Listing DateIPO Issue Details
- Issue Price ₹10 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 4,000,000 Eq Shares of ₹10 (aggregating up to ₹4.00 Cr)
- Listing at BSE SME
- List Price 16.55
- Listing Date 2022-02-09
- Lead Manager Finshore Management Services Limited
- Registrar Cameo Corporate Services Limited
IPO Details
- Retail Portion N/A
IPO Details
Safa Systems & Technologies Limited IPO is an SME IPO, priced at ₹10 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from Jan 28, 2022 to Feb 1, 2022. The allotment is expected to be finalized on Feb 4, 2022, and the tentative listing date is Feb 9, 2022.
The registrar of the IPO is Cameo Corporate Services Limited, and
IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,900,000 | 1,900,000 | 3,800,000 |
Day 1 28-01-22 05:00 PM | 1.57 x | 1.18 x | 1.37 x |
Day 2 31-01-22 05:00 PM | 2.68 x | 7.12 x | 4.90 x |
Day 3 01-02-22 05:00 PM | 64.61 x | 40.81 x | 52.71 x |
Valuations
Company Financials
| 30-Oct-21 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|
| Assets | 44.68 | 48.92 | 40.26 |
| Revenue | 145.19 | 208.66 | 255.22 |
| Profit After Tax | 0.273 | 0.293 | 0.312 |
About Company
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.
- Promoter(s)
Mr. Faizal Bavaraparambil Abdul Khader
Mr. Bavaraparambil Abdhulkadher Hydrose
Pre Issue Share Holding : 63.30%
Post Issue Share Holding : 46.51%
IPO - Issue Objectives
To meet the working capital requirements of the company.
To meet the issue expenses.
General corporate purposes.
IPO - FAQs
Ans. Safa Systems & Technologies Limited IPO is a SME IPO. The issue is priced at ₹10 per equity share. The minimum order quantity is 10000 Shares. The IPO opens on Jan 28, 2022, and closes on Feb 1, 2022. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Safa Systems & Technologies Limited IPO opens on Jan 28, 2022 and closes on Feb 1, 2022.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Safa Systems & Technologies Limited IPO is 4,000,000 Eq Shares of ₹10 (aggregating up to ₹4.00 Cr).
Ans. The Safa Systems & Technologies Limited IPO price band is set between ₹10 per equity share.
Ans. To apply for Safa Systems & Technologies Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Safa Systems & Technologies Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Safa Systems & Technologies Limited IPO is Feb 4, 2022.
Ans. The Safa Systems & Technologies Limited IPO will be listed on Feb 9, 2022.
Ans. Follow the steps to check the Safa Systems & Technologies Limited IPO allotment status online.
