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Richa Info Systems IPO vs Safa Systems IPO

Comparison between Richa Info Systems IPO and Safa Systems IPO.

IPO Details

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

 Richa Info Systems IPOSafa Systems IPO
LogoRicha Info Systems IPO LogoSafa Systems IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersSwastika Investmart Ltd.Finshore Management Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerSunflower Broking Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Richa Info Systems IPO is up to ₹9.50 Cr whereas the issue size of the Safa Systems IPO is up to ₹3.80 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 IPOSafa 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)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares10000 shares
Fresh Issue Size7,60,000 shares38,00,000 shares
Fresh Issue Size (Amount)up to ₹9.50 Crup to ₹3.80 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total7,60,000 shares38,00,000 shares
Issue Size Total (Amount)up to ₹9.50 Crup to ₹3.80 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 IPOSafa Systems IPO
Anchor Bid Date
Issue OpenFeb 09, 2022Jan 28, 2022
Issue CloseFeb 11, 2022Feb 01, 2022
Basis Of Allotment (Tentative)Feb 16, 2022Feb 04, 2022
Initiation of Refunds (Tentative)Feb 17, 2022Feb 07, 2022
Credit of Share (Tentative)Feb 17, 2022Feb 08, 2022
Listing date (Tentative)Feb 21, 2022Feb 09, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

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 IPOSafa Systems IPO
Financials
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 Ratio41.6729.41
Market Cap₹30.38 Cr.₹15.08 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Richa Info Systems IPO Retail Individual 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 IPOSafa Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration40,000 shares2,00,000 shares
QIB
NII3,80,000 shares19,00,000 shares
RII3,80,000 shares19,00,000 shares
Employee
Others
Total7,60,000 shares38,00,000 shares

Bids Received (Subscription)

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

 Richa Info Systems IPOSafa Systems IPO
QIB (times)
NII (times)3.16x64.61x
Big NII (times)
Small NII (times)
RII (times)6.94x40.81x
Employee (times)
Other (times)
Total (times)5.05x52.71x