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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 ₹10.00 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). The minimum lot size investment for 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 Date | January 28, 2022 to February 1, 2022 |
| Listing Date | February 9, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,00,000 shares (aggregating up to ₹4.00 Cr) |
| Reserved for Market Maker | 2,00,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.2000 Cr) |
| Net Offered to Public | 38,00,000 shares (aggregating up to ₹3.80 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,10,77,550 shares |
| Share Holding Post Issue | 1,50,77,550 shares |
Safa Systems IPO offers total 40,00,000 shares. Out of which 19,00,000 (47.50%) allocated to NII, 19,00,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,00,000 (5.00%) |
| NII (HNI) Shares Offered | 19,00,000 (47.50%) |
| Retail Shares Offered | 19,00,000 (47.50%) |
| Total Shares Offered | 40,00,000 (100.00%) |
Safa Systems IPO opens on January 28, 2022, and closes on February 1, 2022.
| IPO Open Date | Fri, Jan 28, 2022 |
| IPO Close Date | Tue, Feb 1, 2022 |
| Tentative Allotment | Fri, Feb 4, 2022 |
| Initiation of Refunds | Mon, Feb 7, 2022 |
| Credit of Shares to Demat | Tue, Feb 8, 2022 |
| Tentative Listing Date | Wed, Feb 9, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 1, 2022 |
Investors can bid for a minimum of 10,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| 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 | ||
The market capitalization of Safa Systems IPO is ₹15.08 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 29.41 |
The IPO aims to utilize the net proceed for the following objectives;
[Dilip Davda] SSTL’s financial performance so far is not up to the mark and making this at par offer a costly bet. Based on its financial data so far and the fragmented segment with cutthroat competition makes it a risky bet even at par. There is no harm in ignoring this at par issue. Read detail review...
| Listing Date | February 9, 2022 |
| BSE Script Code | 543461 |
| NSE Symbol | |
| ISIN | INE0JNA01014 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹16.55 |
| Low | ₹15.73 |
| High | ₹17.37 |
| Last Trade | ₹15.73 |
Safa Systems & Technologies Ltd.
46/2631 B, Safa Arcade,
Kaniyapilly Road,
Chakkaraparambu,
Ernakulam, Kerala, 682028
Phone: 7593001140
Email: office@sssinfo.in
Website: http://www.sssinfo.in/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Safa Systems IPO is a SME IPO of 40,00,000 equity shares of the face value of ₹10 aggregating up to ₹4.00 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on January 28, 2022, and closes on February 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 January 28, 2022 and closes on February 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 Tuesday, February 8, 2022. Check the Safa Systems IPO allotment status.
The Safa Systems IPO listing date is on Wednesday, February 9, 2022.
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