Safa Systems IPO description – The company is 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.
Safa Systems & Solutions started its business in the year 2012 as a partnership firm in the field of consumer durable like mobile phones and its accessories, starting with Micromax brand. In the year 2017-18, it decided to create a portfolio of brands rather than sticking to one brand and thus, signed up with OPPO brand. Â In the financial year 2018-19, the company signed up with more brands like Xiaomi, Vivo, LG, etc. and followed up with more brands like Huawei, Motorola, etc in FY 2019-20. In the following year, it signed up with the brand One Plus for the Kerala region.
The range of products which it deals in includes Telecommunication devices, Accessories, LED television, Tablets, Internet of Things Products, Home appliances, etc.
Promoters of Safa Systems – Mr Faizal Bavaraparambil Abdul Khader and Mr Bavaraparambil Abdhulkadher Hydrose
Safa Systems IPO Details
| Subscription Dates | 28 January – 1 February 2022 |
| Price Band | INR 10 per share |
| Fresh issue | 40,00,000 shares (INR 4 crore) |
| Offer For Sale | Nil |
| Total IPO size | 40,00,000 shares (INR 4 crore) |
| Minimum bid (lot size) | 10,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Safa Systems’ Financial Performance
| Â | FY2019 | FY2020 | FY2021 | Up to 7 Oct 2021 |
| Revenue | 25,574.2 | 25,522.2 | 20,866.1 | 14,519.2 |
| Expenses | 25,347.9 | 25,202.2 | 20,632.7 | 14,351.9 |
| Net income | 35.8 | 31.2 | 29.3 | 27.3 |
Safa Systems Offer News
Safa Systems Offer Valuation
Earnings Per Share (EPS): INR 0.32
Price/Earnings (PE ratio): 30.87
Return on Net Worth (RONW): 3.48%
Net Asset Value (NAV): INR10 per share
Valuations offered here are from 1 April to 7 October 2021 and not annualized.
Safa Systems IPO GMP Daily Trend
| Date | Safa Systems IPO GMP | Kostak | Subject to Sauda |
Safa Systems IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 20,00,000 | 20,00,000 | 40,00,000 |
| Day 1 | 1.54 | 1.20 | 1.37 |
| Day 2 | 2.55 | 6.76 | 4.66 |
| Day 3 | 61.38 | 38.77 | 50.07 |
Safa Systems Offer Registrar
Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road
Chennai – 600 002
Phone: +91 44 4002 0700, 2846 0390
Fax: +91 44 2846 0129
Email:Â [email protected]
Website: www.cameoindia.com
Safa Systems Contact Details
Safa Systems & Technologies Limited
46/2631 B, Safa Arcade,
Kaniyapilly Road, Chakkaraparambu,
Ernakulam-682028, Kerala
Phone:Â +91 7593001140
Email:Â [email protected]
Website:Â www.sssinfo.in
Safa Systems Offer Allotment Status
Safa Systems IPO allotment will be available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Safa Systems Public Offer Timetable
| IPO Opening Date | 28 January 2022 |
| IPO Closing Date | 1 February 2022 |
| Finalisation of Basis of Allotment | 4 February 2022 |
| Initiation of refunds | 7 February 2022 |
| Transfer of shares to demat accounts | 8 February 2022 |
| Listing Date | 9 February 2022 |
| Opening Price on BSE | INR16.55 per share (up 65.5% from IPO price) |
| Closing Price on BSE | INR15.73 per share (up 57.3% from IPO price) |
Safa Systems IPO FAQs
What are investors portions in Safa Systems public offer?
Retail investors are entitled to get 50% of the shares while the other 50% shares are reserved for individual applicants other than retail investors and corporate bodies or institutions.
How to Apply in Safa Systems Public Offer?
The best way to apply in Safa Systems IPO is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Safa Systems IPO size?
Safa Systems offer size is INR4 crores.
What is Safa Systems IPO Price Band?
Safa Systems IPO Price is INR10 per share.
What is the lot size of Safa Systems IPO?
Safa Systems offer lot size and the minimum order is 10,000 shares.
What is Safa Systems IPO GMP today?
Safa Systems IPO GMP today is NA per share.
What is Safa Systems IPO kostak rate today?
Safa Systems IPO kostak rate today is NA per application.
What is Safa Systems Subject to Sauda rate today?
Safa Systems Subject to Sauda rate today is NA per application.
