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Safa Systems IPO vs Timescan Logistics IPO

Comparison between Safa Systems IPO and Timescan Logistics IPO.

IPO Details

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

 Safa Systems IPOTimescan Logistics IPO
LogoSafa Systems IPO LogoTimescan Logistics IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.Finshore Management Services Ltd.
RegistrarCameo Corporate Services Ltd.Cameo Corporate Services Ltd.
Market MakerNikunj Stock Brokers 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 Safa Systems IPO is up to ₹3.80 Cr whereas the issue size of the Timescan Logistics IPO is up to ₹4.57 Cr. The final issue price of Safa Systems IPO is ₹10.00 per share and of Timescan Logistics IPO is ₹51.00 per share.

 Safa Systems IPOTimescan Logistics IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹10.00 per share₹51.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size10000 shares2000 shares
Fresh Issue Size38,00,000 shares8,96,000 shares
Fresh Issue Size (Amount)up to ₹3.80 Crup to ₹4.57 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total38,00,000 shares8,96,000 shares
Issue Size Total (Amount)up to ₹3.80 Crup to ₹4.57 Cr

IPO Timetable

Safa Systems IPO opens on Jan 28, 2022, while Timescan Logistics IPO opens on Dec 31, 2021. The closing date of Safa Systems IPO and Timescan Logistics IPO is Feb 01, 2022, and Jan 04, 2022, respectively.

 Safa Systems IPOTimescan Logistics IPO
Anchor Bid Date
Issue OpenJan 28, 2022Dec 31, 2021
Issue CloseFeb 01, 2022Jan 04, 2022
Basis Of Allotment (Tentative)Feb 04, 2022Jan 07, 2022
Initiation of Refunds (Tentative)Feb 07, 2022Jan 10, 2022
Credit of Share (Tentative)Feb 08, 2022Jan 11, 2022
Listing date (Tentative)Feb 09, 2022Jan 12, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Safa Systems IPO P/E ratio is 29.41, as compared to Timescan Logistics IPO P/E ratio of 10.87.

 Safa Systems IPOTimescan Logistics IPO
Financials
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
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
  30-Jun-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3,122.44 3,045.32 1,483.43 1,396.80
Total Revenue 2,724.13 9,976.46 6,509.76 6,393.44
Profit After Tax 40.85 124.91 79.50 83.07
Promoter Shareholding (Pre-Issue)10099.88
Promoter Shareholding (Post-Issue)73.4772.89
P/E Ratio29.4110.87
Market Cap₹15.08 Cr.₹17.82 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Safa Systems IPO Retail Individual Investors (RII) are offered 19,00,000 shares while in Timescan Logistics IPO retail investors are offered 19,00,000 shares. Qualified Institutional Buyers (QIB) are offered in Safa Systems IPO and in Timescan Logistics IPO.

 Safa Systems IPOTimescan Logistics IPO
Anchor Investor Reserveration
Market Maker Reserveration2,00,000 shares48,000 shares
QIB
NII19,00,000 shares4,48,000 shares
RII19,00,000 shares4,48,000 shares
Employee
Others
Total38,00,000 shares8,96,000 shares

Bids Received (Subscription)

Safa Systems IPO subscribed 52.71x in total, whereas Timescan Logistics IPO subscribed 115.86x.

 Safa Systems IPOTimescan Logistics IPO
QIB (times)
NII (times)64.61x141.38x
Big NII (times)
Small NII (times)
RII (times)40.81x90.34x
Employee (times)
Other (times)
Total (times)52.71x115.86x