Safa Systems & Technologies Limited IPO

BSE SME

Listed On: Feb 9, 2022 at ₹ 16.55

₹ 100000 /10000 Shares

Check Allotment

IPO Details

28 Jan, 2022

Open Date

01 Feb, 2022

Close Date

04 Feb, 2022

Allotment Date

09 Feb, 2022

Listing Date

Issue Price

₹10 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Cameo Corporate Services Limited

List Price

16.55

Listing Date

2022-02-09

Market Lot

10000 Shares (₹100,000/-)

Lead Manager

Finshore Management Services Limited

Issue Size

4,000,000 Eq Shares of ₹10 (aggregating up to ₹4.00 Cr)

Retail Portion

N/A

Subscription

52.71 times

IPO Docs

DRHP RHP

IPO Subscription 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

Earnings Per Share (EPS)

₹0.19/-

P/E Ratio

51.46

RoNW

3.48%

Net Asset Value (NAV) - Post Issue

₹10.00/-

Company Financials All values are in ₹ Cr.

	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 The 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)

Pre Issue Share Holding: 63.30%

Post Issue Share Holding: 46.51%

Company Promoter(s)

Mr. Faizal Bavaraparambil Abdul Khader
Mr. Bavaraparambil Abdhulkadher Hydrose

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. The size of Safa Systems & Technologies Limited IPO is 4,000,000 Eq Shares of ₹10 (aggregating up to ₹4.00 Cr).

Ans. The IPO price band is set between ₹10 per equity share.

Ans. To apply for Safa Systems & Technologies Limited IPO 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 allotment status for Safa Systems & Technologies Limited IPO here.