Safa Systems & Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 23, 2022Let’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 Value | Rs 10 |
| Price Band | Rs 10 |
| Listing At | BSE, SME |
| Min. Order Quantity | 10000 |
| Listing Date | Feb 9, 2022 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 400 Lakh |
| IPO Size | Rs 400 Lakh |
| Tick Size | 1 |
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
Their 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 / Date | NII | Retail | Total Subscription |
| 1st Day – 28th Jan | 1.62x | 1.26x | 1.44x |
| 2nd Day – 30st Jan | 1.62x | 1.26x | 1.44x |
| 3rd Day – 31st Jan | 2.68x | 7.12x | 4.90x |
| 4th Day – 1st Feb | 64.61x | 40.81x | 52.71x |
| Shares Offered or Net Issue | 1,900,000 | 1,900,000 | 3,800,000 |
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 Finalization | Feb 4, 2022 |
| Refunds Initiation | Feb 7, 2022 |
| Credit of Shares to Demat Account | Feb 8, 2022 |
| Share Listing Date | Feb 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-21 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 44,68,12,699 | 48,92,84,073 | 40,26,72,313 | 38,80,69,355 |
| *Total Revenue | 1,45,19,21,573 | 2,08,66,08,695 | 2,55,22,54,669 | 2,55,74,23,363 |
| Total Expense | 1,43,51,95,015 | 2,06,32,66,815 | 2,52,02,23,131 | 2,53,47,93,449 |
| Profit After Tax | 27,32,918 | 29,34,567 | 31,20,164 | 35,78,827 |
Earnings per Equity Share (in Lakh)
| 07-Oct-21 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 0.32 | NA | NA | *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:
- MR. FAIZAL BAVARAPARAMBIL ABDUL KHADER
- 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 Makers | Up to 2,00,000 Equity Shares aggregating up to Rs.20 Lakh |
| Net Issue to the Public | Up 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 Investors | Not more than 19,00,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,10,77,550 Equity Shares |
| Equity Shares outstanding after the Issue | 1,50,77,550 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 EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | NA | 3.48 | 10 |
| 31-Mar-20 | NA | 3.70 | – |
| Mar-19 | *NA | 4.38 | – |
Safa Systems & Technologies IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs.) | |
| Safa Systems & Technologies Limited | 10 | [●] | NA | 3.48 | 2,08,66,08,695 |
| 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 Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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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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