Safa Systems & Technologies IPO Details

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

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

October 18, 2012The company was originally incorporated as “Safa Systems & Solutions”, a Partnership firm in the state of Kerala
September 21, 2021Converted 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

DetailsSSTL IPO Details
Public IssueInitial Public Issue of upto 40,00,000 equity shares of ₹ 10 (aggregating up to ₹ 400 Lakhs)
Issue Open  Date28-Jan-22
Issue Close Date01-Feb-22
Issue TypeFixed 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 InvestorRs. 2,00,000
Listing BSE SME
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Safa Systems & Technologies IPO DRHP & RHP

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

Safa Systems IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum110000₹ 1,00,000
Maximum220000₹ 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

Bid / Offer Opens on28-Jan-22
Bid / Offer Closes on01-Feb-22
Finalisation of Basis of Allotment04-Feb-22
Initiation of refunds 07-Feb-22
Credit of the Equity Shares08-Feb-22
Listing Date09-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,
Kerala, India

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?

Check the step by step process here – Click here

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