Safa Systems & Technologies IPO Details

January 27, 2022

Safa Systems IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

Listing date

Table of Contents

About Safa Systems & Technologies

Safa Systems & Technologie 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.

Important Details – Safa Systems & Technologies

Date	Details
October 18, 2012	The company was originally incorporated as “Safa Systems & Solutions”, a Partnership firm in the state of Kerala
September 21, 2021	Converted the Partnership firm into a Public Limited Company in the name of “Safa Systems & Technologies Limited”

Objects of the Issue

To meet the working capital requirements of the company
To meet the Issue Expenses
General Corporate Purposes

Safa Systems & Technologies Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars	For the year ended (₹ in millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	489.28	402.67	388.06
Total income	2,086.60	2,552.25	2,557.42
Total Expenses	2,063.26	2,520.22	2,534.79
Profit After Tax	2.93	3.12	3.57

Safa Systems IPO Price – Details

Details	SSTL IPO Details
Public Issue	Initial Public Issue of upto 40,00,000 equity shares of ₹ 10 (aggregating up to ₹ 400 Lakhs)
Issue Open Date	28-Jan-22
Issue Close Date	01-Feb-22
Issue Type	Fixed Price
IPO Price Band	₹ 10
Face Value	₹ 10
Market Lot	10000 Equity Shares and in multiples thereof
Minimum Order Quantity	10000 Equity Shares
Maximum Subscription Amount for Retail Investor	Rs. 2,00,000
Listing	BSE SME
NSE Symbol	SSTL
IPO Market Timings	10.00 a.m. to 5.00 p.m.

APPLY IPO WITH ZERODHA

Safa Systems & Technologies IPO DRHP & RHP

Safa Systems & Technologies IPO DRHP
Safa Systems & Technologies IPO RHP

Safa Systems IPO Lot Size

Application	Lots	No of Shares	Amount (Rs)
Minimum	1	10000	₹ 1,00,000
Maximum	2	20000	₹ 2,00,000

Safa Systems & Technologies IPO Lead Managers

Finshore Management Services Limited

Safa Systems & Technologies IPO Registrar

Cameo Corporate Services Ltd

Safa Systems IPO Allotment Date, Listing Date and other Important Dates

Details	Date
Bid / Offer Opens on	28-Jan-22
Bid / Offer Closes on	01-Feb-22
Finalisation of Basis of Allotment	04-Feb-22
Initiation of refunds	07-Feb-22
Credit of the Equity Shares	08-Feb-22
Listing Date	09-Feb-22

Company Peers – Comparison of Accounting Ratios

None of the listed companies in India offer products or services across the various business segments in which Safa Systems operate. Hence a strict comparison is not possible.

Company Registered Office

46/2631 B, Safa Arcade,
Kaniyapilly Road, Chakkaraparambu,
Ernakulam-682028,
Kerala, India
Website: www.sssinfo.in

Company Promoters

Mr. Faizal Bavaraparambil Abdul Khader
Mr. Bavaraparambil Abdhulkadher Hydrose

Safa Systems & Technologies IPO – FAQS

What is the Safa Systems IPO Price?

The Safa Systems IPO price band is 10 per share

When Safa Systems & Technologies IPO will open?

The Safa Systems & Technologies IPO opens on Jan 28, 2022 and closes on Feb 01, 2022

Who is the Registrar for Safa Systems & Technologies IPO?

The Registrar for Safa Systems & Technologies IPO is Cameo Corporate Services Ltd

How to apply in Safa Systems & Technologies IPO through UPI?

Check the step by step process here – Click here

How to apply in Safa Systems & Technologies IPO through Zerodha?