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Let’s have a detailed review of the company and analytics of the Safa Systems & Technologies IPO release date, IPO offer price, subscription, Safa Systems & Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs 10
Listing AtBSE, SME
Min. Order Quantity10000
Listing DateFeb 9, 2022
Offer for SaleRs Lakh
Fresh IssueRs 400 Lakh
IPO SizeRs 400 Lakh
Tick Size1

Safa Systems & Technologies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Safa Systems & Technologies IPO – Summary

Safa Systems & Technologies IPOTheir Company was originally incorporated as “Safa Systems & Solutions”, a Partnership firm in the state of Kerala on October 18, 2012.

Subsequently, they have converted the Partnership firm into a Public Limited Company in the name of “Safa Systems & Technologies Limited” on September 21, 2021, bearing Corporate Identification Number U52100KL2021PLC071051 vide Certificate of Incorporation issued by Registrar of Companies – Central Registration Centre.

The Promoter of this company is MR. FAIZAL BAVARAPARAMBIL ABDUL KHADER and MR. BAVARAPARAMBIL ABDHULKADHER HYDROSE. The lead manager to the issue is FINSHORE MANAGEMENT SERVICES LIMITED, and the Registrar to this issue is CAMEO CORPORATE SERVICES LIMITED.


Safa Systems & Technologies IPO Date

The opening and the closing date of Safa Systems & Technologies IPO are Jan 28, 2022 and Feb 1, 2022 Respectively.


Safa Systems & Technologies IPO Subscription

Day / DateNIIRetailTotal Subscription
1st Day – 28th Jan1.62x1.26x1.44x
2nd Day –  30st Jan1.62x1.26x1.44x
3rd Day – 31st Jan2.68x7.12x4.90x
4th Day – 1st Feb64.61x40.81x52.71x
Shares Offered or Net Issue1,900,0001,900,0003,800,000

The shares subscribed by the public will be updated here.

Check Safa Systems & Technologies IPO LIVE Subscription

  • Safa Systems & Technologies IPO LIVE Bid details on BSE

For the Latest Bid details click on the above links.


Safa Systems & Technologies IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Safa Systems & Technologies Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationFeb 4, 2022
Refunds InitiationFeb 7, 2022
Credit of Shares to Demat AccountFeb 8, 2022
Share Listing DateFeb 8, 2022

Safa Systems & Technologies IPO Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.10 


Safa Systems & Technologies IPO Size

This Initial Public Issue of 40,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.10 per equity share aggregating to Rs.400 Lakh.


Safa Systems & Technologies IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 40,00,000 Equity Shares of Rs.10/ each.

Issue Size: 4,000,000 Equity Shares of Rs.10 each, aggregating to Rs.400 Lakh


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    Safa Systems & Technologies IPO – Live Performance

    The listing date of this IPO is Feb 9, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Safa Systems & Technologies Share Price

    Safa Systems & Technologies IPO Grey Market Premium

    The Safa Systems & Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Safa Systems & Technologies IPO – Company Overview

    Safa Systems & Solutions, the erstwhile partnership firm, started its business in the year 2012 as a new entrant in the field of consumer durable like Mobile phones and their accessories.

    They were appointed for all Kerala distribution for Micromax Smartphones and the initial year net turnover (after considering sales return) i.e., in the financial year 2012-13 was Rs.7.84 crores. In the financial year 2013-14, they crossed a net turnover of Rs.51.24 Crores.

    In the year 2015, they also made an arrangement with Micromax for its Feature Phones distributions in the State of Kerala, and in the financial year 2014-15 and 2015-16, they crossed a net turnover of Rs.94.98 Crores and 90.90 crores respectively. Their net turnover dropped to Rs.73.30 crores because of the brand issues with Micromax. Until then they were only dealing with the products of Micromax.


    Safa Systems & Technologies IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    07-Oct-2131-Mar-2131-Mar-20Mar-19
    Total Assets44,68,12,69948,92,84,07340,26,72,31338,80,69,355
    *Total Revenue1,45,19,21,5732,08,66,08,6952,55,22,54,6692,55,74,23,363
    Total Expense1,43,51,95,0152,06,32,66,8152,52,02,23,1312,53,47,93,449
    Profit After Tax27,32,91829,34,56731,20,16435,78,827

    Earnings per Equity Share (in Lakh)

    07-Oct-2131-Mar-2131-Mar-20Mar-19
    Basic & Diluted0.32NANA*NA

     

    Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 29,34,567, Rs. 31,20,164 and Rs. 35,78,827 respectively.


    Safa Systems & Technologies IPO – Promoters

    The Promoter of this company is:

    1. MR. FAIZAL BAVARAPARAMBIL ABDUL KHADER
    2. MR. BAVARAPARAMBIL ABDHULKADHER HYDROSE

    List of Related Parties (Key Managerial Personnel)

    • Faizal Bavaraparambil Abdul Khader, Managing Director
    • Shruthi Muhammed Ali, Whole-time Director
    • Bavaraparambil Abdhulkadher Hydrose, Non-Executive Director
    • Bengolan Anilkumar, Independent Director
    • Sankaranarayanan Nair Sreejith, Independent Director

    Safa Systems & Technologies IPO – Promoters Holding

    • Pre Issue Share Holding – 100%
    • Pos Issue Share Holding – 73.47%

    Safa Systems & Technologies IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 40,00,000 Equity Shares aggregating up to Rs.400 Lakh
    of which:
    Issue Reserved for the Market MakersUp to 2,00,000 Equity Shares aggregating up to Rs.20 Lakh
    Net Issue to the PublicUp to 38,00,000 Equity Shares aggregating up to Rs.380 Lakh
    Of which:
    Retail Investors Portion Not less than 19,00,000 Equity Shares
    Other than Retail Individual InvestorsNot more than 19,00,000 Equity Shares
     Equity Shares outstanding prior to the Issue1,10,77,550 Equity Shares
     Equity Shares outstanding after the Issue1,50,77,550 Equity Shares

    Safa Systems & Technologies IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. To meet the working capital requirements of the company

    2. To meet the Issue Expenses

    3. General Corporate Purposes

    Safa Systems & Technologies IPO – Business Strategy

    • Focus on Increase in Volume of Sales
    • Increase geographical presence
    • Leverage and enhance Their brand name
    • Improving operational efficiencies
    • Leveraging TheirMarket skills and Relationships

    Safa Systems & Technologies IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Established and proven track record;
    • Leveraging the experience of TheirPromoters;
    • Experienced management team and a motivated and efficient workforce;
    • Cordial relations with Their customers
    • Quality Assurance & Control

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-21NA3.4810
    31-Mar-20NA3.70
    Mar-19*NA4.38

    Safa Systems & Technologies IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs.)
    Safa Systems & Technologies Limited10[●]NA3.482,08,66,08,695
    Listed Peers
    NA

    Safa Systems & Technologies IPO Lead Managers

    Lead Managers
    FINSHORE MANAGEMENT SERVICES LIMITED
    Anandlok”, Block-A, 2nd Floor, Room No. 207,227 A.J.C Bose Road, Kolkata-700020, West Bengal
    Telephone: 033 – 22895101
    Email: ramakrishna@finshoregroup.com
    Contact Person: Mr. S. Ramakrishna Iyengar
    Website: www.finshoregroup.com
    Investor Grievance Email: info@finshoregroup.com
    SEBI Registration No: INM000012185
    CIN No: U74900WB2011PLC169377

    Safa Systems & Technologies IPO Registrar to offer

    Registrar to the Offer
    CAMEO CORPORATE SERVICES LIMITED
    “Subramanian Building”, #1, Club House Road,
    Chennai – 600 002, India
    Telephone: +91-44-40020700, 28460390
    Facsimile: +91-44-28460129
    Email: investor@cameoindia.com
    Contact Person: Mr. R.D. Ramasamy, Director
    Website: www.cameoindia.com
    SEBI Registration Number: INR000003753
    CIN No: U67120TN1998PLC041613

    Safa Systems & Technologies IPO – Other Details

    • Statutory Auditor – M/s. Kapish Jain & Associates
    • Legal Counsel to the Company – J MUKHERJEE & ASSOCIATES
    • Bankers to the Company –  NA


    Safa Systems & Technologies IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Safa Systems & Technologies Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Safa Systems & Technologies IPO Review FAQs

      What is the Issue Size of Safa Systems & Technologies IPO?

      The Company is making an initial public offer of 40,00,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Safa Systems & Technologies IPO?

      The price band for this particular IPO ranges between Rs 10. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Safa Systems & Technologies IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Jan 28, 2022, while the closing date is set at Feb 1, 2022.

      What is the Safa Systems & Technologies IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Feb 4, 2022, refund initiation is on Feb 7, 2022, credit of shares is on Feb 8, 2022, and share listing date is on Feb 9, 2022.

      What is the Safa Systems & Technologies IPO Listing Date?

      Shares of this company shall be listed in the exchanges Feb 9, 2022. The date, when the listing would be done, is stagnant on Feb 9, 2022.

      Who is the Registrar of Safa Systems & Technologies IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. CAMEO CORPORATE SERVICES LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Safa Systems & Technologies IPO?

      Here are the promoters of this IPO – MR. FAIZAL BAVARAPARAMBIL ABDUL KHADER and MR. BAVARAPARAMBIL ABDHULKADHER HYDROSE. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Safa Systems & Technologies IPO?

      They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Safa Systems & Technologies IPO good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Safa Systems & Technologies Company?

      They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 29,34,567, 2020 is 31,20,164, 2019 is 35,78,827. PAT from Oct 2021 is 27,32,918.


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