Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Fri, Jan 28, 2022 - Tue, Feb 1, 2022
Safa Systems IPO is a fixed price issue of ₹4.00 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹4.00 crore.
Safa Systems IPO bidding started from Jan 28, 2022 and ended on Feb 1, 2022. The allotment for Safa Systems IPO was finalized on Feb 4, 2022. The shares got listed on BSE SME on Feb 9, 2022.
Safa Systems IPO price is ₹10 per share. The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Safa Systems IPO RHP for detailed Information.
IPO Open
Fri, Jan 28, 2022
IPO Close
Tue, Feb 1, 2022
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹15.08 Cr
| IPO Date | 28 Jan to 1 Feb, 2022 |
| Listed on | Wed, Feb 9, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 40,00,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 2,00,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.2000 Cr) |
| Fresh Issue (Ex Market Maker) | 38,00,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 38,00,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 1,10,77,550 shares |
| Share Holding Post Issue | 1,50,77,550 shares |
| BSE Script Code | 543461 |
| ISIN | INE0JNA01014 |
Safa Systems IPO comprises a total issue size of 40,00,000 shares. The net offer to the public is 38,00,000 shares, after excluding 2,00,000 shares allotted on a firm basis. Of the Net offer 19,00,000 (50.00%) allocated to NII 19,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 19,00,000 | 50.00% | 47.50% |
| Retail Shares Offered | 19,00,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,00,000 | 5.00% | |
| Total Shares Offered | 40,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet working capital requirement | 3.21 |
| 2 | Public issue expenses | 0.50 |
| 3 | General corporate purpose | 0.30 |
| KPI | |
|---|---|
| RoNW | 3.48% |
| EBITDA Margin | 1.12% |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 29.41 | |
| Promoter Holding | 100% | 73.47% |
| Market Cap | ₹15.08 Cr. |
The Safa Systems IPO is subscribed 52.71 times on February 1, 2022 6:52:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 64.61 | 19,00,000 | 12,27,60,000 |
| Retail | 40.81 | 19,00,000 | 7,75,40,000 |
| Total | 52.71 | 38,00,000 | 20,03,00,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including other intermediaries’ fees | 0.24 |
| 2 | Advertising and Marketing Expenses | 0.03 |
| 3 | Regulators Including Stock Exchanges | 0.21 |
| 4 | Printing and distribution of Issue Stationary | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹16.55 |
| Low | ₹15.73 |
| High | ₹17.37 |
| Last Trade | ₹15.73 |
Lead Manager Reports
Safa Systems IPO is a SME IPO of 40,00,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Fri, Jan 28, 2022, and closes on Tue, Feb 1, 2022.
Cameo Corporate Services Ltd. 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 Fri, Jan 28, 2022 and closes on Tue, Feb 1, 2022.
Safa Systems IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Safa Systems IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Tue, Feb 8, 2022. Check the Safa Systems IPO allotment status.
The Safa Systems IPO listing date is on Wed, Feb 9, 2022.
