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Quality RO IPO vs Safa Systems IPO

Comparision between Quality RO IPO and Safa Systems IPO.

IPO Details

Quality RO IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Safa Systems IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Quality RO IPO Safa Systems IPO
Logo Quality RO IPO Logo Safa Systems IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME BSE SME
Lead Managers Shreni Shares Limited Finshore Management Services Limited
Registrar Skyline Financial Services Private Ltd Cameo Corporate Services Limited
Market Maker
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Quality RO IPO is up to ₹2.70 Cr whereas the issue size of the Safa Systems IPO is up to ₹4.00 Cr. The final issue price of Quality RO IPO is ₹51.00 per share and of Safa Systems IPO is ₹10.00 per share.

  Quality RO IPO Safa Systems IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹51.00 per share ₹10.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 10000 shares
Fresh Issue Size 5,30,000 shares
Fresh Issue Size (Amount) up to ₹2.70 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 5,30,000 shares 40,00,000 shares
Issue Size Total (Amount) up to ₹2.70 Cr up to ₹4.00 Cr

IPO Timetable

Quality RO IPO opens on Jan 27, 2022, while Safa Systems IPO opens on Jan 28, 2022. The closing date of Quality RO IPO and Safa Systems IPO is Feb 01, 2022, and Feb 01, 2022, respectively.

  Quality RO IPO Safa Systems IPO
Anchor Bid Date
Issue Open Jan 27, 2022 Jan 28, 2022
Issue Close Feb 01, 2022 Feb 01, 2022
Basis Of Allotment (Tentative) Feb 04, 2022 Feb 04, 2022
Initiation of Refunds (Tentative) Feb 07, 2022 Feb 07, 2022
Credit of Share (Tentative) Feb 08, 2022 Feb 08, 2022
Listing date (Tentative) Feb 09, 2022 Feb 09, 2022
Anchor Lockin End date 1 Mar 06, 2022 Mar 06, 2022
Anchor Lockin End date 2 May 05, 2022 May 05, 2022

Financials

Quality RO IPO P/E ratio is 113, as compared to Safa Systems IPO P/E ratio of 29.41.

  Quality RO IPO Safa Systems IPO
Financial
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Nov-21
Total Assets 25.02
Total Revenue 1.67
Profit After Tax 0.14
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  7-Oct-21 31-Mar-21 31-Mar-20
Total Assets 446.81 489.28 402.67
Total Revenue 1,451.92 2,086.60 2,552.25
Profit After Tax 2.73 2.93 3.12
Promoter Shareholding (Pre-Issue) 84.00% 100%
Promoter Shareholding (Post-Issue) 60.93% 73.47%
P/E Ratio 113 29.41
Market Cap ₹9.84 Cr. ₹15.08 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Quality RO IPO retail investors (RII) are offered 2,50,000 shares while in Safa Systems IPO retail investors are offered 2,50,000 shares. Qualified institutional buyers (QIB) are offered in Quality RO IPO and in Safa Systems IPO.

  Quality RO IPO Safa Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration 30,000 shares 2,00,000 shares
QIB
NII 2,50,000 shares 19,00,000 shares
RII 2,50,000 shares 19,00,000 shares
Employee
Others
Total 5,00,000 shares 38,00,000 shares

Bids Received (Subscription)

Quality RO IPO subscribed 7.26x in total, whereas Safa Systems IPO subscribed 52.71x.

  Quality RO IPO Safa Systems IPO
QIB (times)
NII (times) 4.46x 64.61x
Big NII (times)
Small NII (times)
RII (times) 10.06x 40.81x
Employee (times)
Other (times)
Total (times) 7.26x 52.71x

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