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Safa Systems & Technologies Limited IPO (Safa Systems IPO) Detail

January 28, 2022 - February 1, 2022

Safa Systems IPO is a fixed price issue of Rs 4.00 crores.

Safa Systems IPO bidding started from January 28, 2022 and ended on February 1, 2022. The allotment for Safa Systems IPO was finalized on Friday, February 4, 2022. The shares got listed on BSE SME on February 9, 2022.

Safa Systems IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.

Finshore Management Services Limited is the book running lead manager of the Safa Systems IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to Safa Systems IPO RHP for detailed information.

Safa Systems IPO Details

IPO Date January 28, 2022 to February 1, 2022
Listing Date February 9, 2022
Face Value ₹10 per share
Price ₹10 per share
Lot Size 10000 Shares
Total Issue Size4,000,000 shares
(aggregating up to ₹4.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion200,000 shares

Safa Systems IPO Reservation

Safa Systems IPO offers 4,000,000 shares. 1,900,000 (47.50%) to NII, 1,900,000 (47.50%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered200,000 (5.00%)
Other Shares Offered1,900,000 (47.50%)
Retail Shares Offered1,900,000 (47.50%)
Total Shares Offered4,000,000 (100%)

Safa Systems IPO Timeline (Tentative Schedule)

Safa Systems IPO opens on January 28, 2022, and closes on February 1, 2022.

IPO Open Date Friday, January 28, 2022
IPO Close Date Tuesday, February 1, 2022
Basis of Allotment Friday, February 4, 2022
Initiation of Refunds Monday, February 7, 2022
Credit of Shares to Demat Tuesday, February 8, 2022
Listing Date Wednesday, February 9, 2022
Cut-off time for UPI mandate confirmation 5 PM on February 1, 2022

Safa Systems IPO Lot Size

Investors can bid for a minimum of 10000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 10000 ₹100,000
Retail (Max) 2 20000 ₹200,000
Lot Size Calculator

Safa Systems IPO Promoter Holding

Mr. Faizal Bavaraparambil Abdul Khader and Mr. Bavaraparambil Abdhulkadher Hydrose are the company promoters.

Share Holding Pre Issue 100%
Share Holding Post Issue 73.47%

About Safa Systems & Technologies Limited

Established on 2012, Safa Systems & Technologies is engaged 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.

The company has strict quality regulations and has been also awarded with ISO 9001:2015 quality certifications. Recently, the company has taken an office in Mumbai as a part of its expansion plans to grow their presence into other regions of the country.

Competitive Strengths:

  • Organizational stability along with management expertise
  • Established relationship with customers and suppliers
  • Strong supplier relationship ensuring the right supply and pricing of the products
  • Quality & ISO Certifications

Company Financials

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

Key Performance Indicator

The market capitalization of Safa Systems IPO is Rs 15.08 Cr.

Pre IPO Post IPO
P/E (x) 29.41

Objects of the Issue (Safa Systems IPO Objectives)

The IPO aims to utilize the net proceed for the following objectives;

  • To meet the working capital requirements of the company
  • To meet the issue expenses; and
  • General corporate purposes.

Safa Systems IPO Review (Avoid)

[Dilip Davda]  SSTL’s financial performance so far is not up to the mark and making this at par offer a costly bet. Based on its financial data so far and the fragmented segment with cutthroat competition makes it a risky bet even at par. There is no harm in ignoring this at par issue. Read detail review...

Safa Systems IPO Subscription Status (Bidding Detail)

The Safa Systems IPO is subscribed 52.71 times on February 1, 2022 6:52:00 PM. The public issue subscribed 40.81 times in the retail category, times in the QIB category, and 64.61 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Safa Systems IPO Prospectus

Safa Systems IPO Rating

Rating:Rated 4.3 stars
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Safa Systems IPO Listing Details

Listing Date February 9, 2022
BSE Script Code 543461
NSE Symbol
Final Issue Price ₹10 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Safa Systems & Technologies Limited Contact Details

Safa Systems & Technologies Limited
46/2631 B, Safa Arcade,
Kaniyapilly Road, Chakkaraparambu,
Ernakulam-682028, Kerala, India
Phone: 7593001140

Safa Systems IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390

Safa Systems IPO - Buy or Not

Safa Systems IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Safa Systems IPO FAQs

Safa Systems IPO is a SME IPO of 4,000,000 equity shares of the face value of ₹10 aggregating up to ₹4.00 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.

The IPO opens on January 28, 2022, and closes on February 1, 2022.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Safa Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Safa Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Safa Systems IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Safa Systems IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Safa Systems IPO opens on January 28, 2022 and closes on February 1, 2022.

Safa Systems IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.

You can apply in Safa Systems IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Safa Systems IPO will be done on Friday, February 4, 2022, and the allotted shares will be credited to your demat account by Tuesday, February 8, 2022. Check the Safa Systems IPO allotment status.

The Safa Systems IPO listing date is on February 9, 2022.
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Safa Systems IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



109. ipostudy |   Link |  Bookmark |March 31, 2022 11:55:03 AM
its very low 8.63 rs . should i buy now
108. c.dinesh |   Link |  Bookmark |February 21, 2022 8:17:04 AM (200+ Posts)
sold all 3 allotted lots @ 75.25 in preopen.
107. Irs |   Link |  Bookmark |February 17, 2022 11:05:52 AM
Is circuit is changing from tomorrow ?? Plzz ans I wanted to buy 1 lot today
107.1. Arca |   Link |  Bookmark |February 17, 2022 11:30:06 AM (1000+ Posts, 500+ Likes)
No it changes mostly on 11th trading day ie 23rd Feb in safa.
You may check every day circuit(nse) change in the below link.for bse stocks i don't know where to check in bse site ,i check in zerodha the day before 10pm (10thday)or next day morning 8am.
107.2. Irs |   Link |  Bookmark |February 17, 2022 6:09:12 PM
@arca thanks for reply .
106. Arca |   Link |  Bookmark |February 17, 2022 8:08:51 AM (1000+ Posts, 500+ Likes)
As i said earlier bought safa @12
106.1. snipperRaj |   Link |  Bookmark |February 17, 2022 12:40:56 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Same here arca. enter today at 12.5, good luck to us. 90% buyers exited. it is showing buying strength.
105. Denim |   Link |  Bookmark |February 17, 2022 10:02:56 AM
Is it a good buy at current levels?
105.1. Arca |   Link |  Bookmark |February 17, 2022 11:12:27 AM (1000+ Posts, 500+ Likes)
Highly risky for a new comer & dilip sir also given avoid rating ,i suggest you to wait for good upcoming IPOs ,apply in those ipo rather than entering secondary market.
104. Vibhor Saxena |   Link |  Bookmark |February 16, 2022 10:22:51 AM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Funds are still blocked
When the mandate is about to end
104.1. Arca |   Link |  Bookmark |February 16, 2022 3:17:10 PM (1000+ Posts, 500+ Likes)
You can check the same in your gpay or phone PE.
For me in djml it closed at 20th and got unlocked on 7th or 8th. So approximately 18 or 19 days. It will get unlocked on 19 or 20th. Next time apply Asba if it is a good company or you surely want to apply.
104.2. Vibhor Saxena |   Link |  Bookmark |February 16, 2022 3:22:18 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Thankyou sir...
Let me wait 2 more days
103. Rajni |   Link |  Bookmark |February 11, 2022 1:49:14 PM
Sbi Upi amount still blocked. Anybody having same problem? Please help.
103.3. Rajni |   Link |  Bookmark |February 18, 2022 6:06:24 PM
still blocked
103.4. Rajni |   Link |  Bookmark |February 19, 2022 2:12:38 PM
SBI hold removed just now.
102. Shad |   Link |  Bookmark |February 11, 2022 1:57:45 PM
@lokes and other experts : How to search bse sme ipo in zerodha?
I am not able to see Safa System & Technologies in Zerodha
102.1. Arca |   Link |  Bookmark |February 11, 2022 3:18:51 PM (1000+ Posts, 500+ Likes)
Type Sstl
101. God is Great |   Link |  Bookmark |February 11, 2022 2:59:04 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Dear noorul.. You sold or not? If no then what price this LC open as per your guess
100. TheLearner |   Link |  Bookmark |February 11, 2022 1:22:28 PM
few more lc expected......
99. lokes |   Link |  Bookmark |February 9, 2022 9:07:41 AM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes)
Thank God I am saved this time....sold at 17 rs my 1 lot. Again it has hit strong lower circuit now. I knew my luck was not favouring so didn't took chance like precision :)
99.19. lokes |   Link |  Bookmark |February 9, 2022 9:56:30 PM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes)
@IPO BHAKT: nothing can be done, its not unblocked for many people for upi applications mainly as you can see in this thread:

you and everyone else try to call on below numbers tomorrow and ask them. Lets see what they reply. i called them yesterday morning (91-44-40020710 ) they told it will be done by EOD but nothing happened. Worst service from this registrar.
+ 91-44-28460390
+ 91-44-40020710
I sent three times mail on this id but no reply :

@Admin @Team Chittorgarh: if you have any contacts then please try to enquire about this with them.
99.20. Blick |   Link |  Bookmark |February 10, 2022 12:41:40 PM
Amit man! You put in the very first bid... good job
98. Vibhor Saxena |   Link |  Bookmark |February 10, 2022 6:37:33 AM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
My amount in SBI has not been unblocked
Where to contact?
Pls, Help
98.1. Rajni |   Link |  Bookmark |February 10, 2022 12:34:10 PM
My money too blocked with SBI UPI.
97. RCBOOK |   Link |  Bookmark |February 10, 2022 8:22:00 AM
what is the subcreption of moil of buy back
96. Amit Jaipur |   Link |  Bookmark |February 9, 2022 2:15:55 PM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
95. Reet |   Link |  Bookmark |February 9, 2022 10:41:38 AM
I hv also sold in preopen market becoz I had sold in peanuts in grey market so never wanted to take chance ...
95.3. Learner SK |   Link |  Bookmark |February 9, 2022 11:57:57 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
How the grey sale happens? (for knowledge). Should it be among known circle or through a middle man who ensures the parties to meet their commitment? When the buyer of application pay to Seller, since the Seller might not be sure of allotment to him. Is the payment made after Seller gets allotment? Also since the Seller can't transfer shares to the Grey Buyer before listing, how does the buyer sells in listed market? Does the Seller needs to share the user id and password of his demat account (LOL)? If someone with practical knowledge can spend 5 min time to enlighten, I would gain some knowledge. And one more last question, is there any Grey dealer in our forum?
95.4. Reet |   Link |  Bookmark |February 9, 2022 12:26:27 PM
hi , I am dealing with middle man ..I do not know the party who is buying from me .its just the rate is predetermined, if I ll get lot ,I hv to pay them as per preopen rate.
94. Sharath kumar |   Link |  Bookmark |February 9, 2022 12:16:13 PM
Congratulations to the Guys who has sold today Expect this scrip comes down to the 10.90 .
93. MehulStk |   Link |  Bookmark |February 9, 2022 8:18:05 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
not able to find this script on Zerodha any one else facing same issue?
93.1. MehulStk |   Link |  Bookmark |February 9, 2022 8:41:17 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Have to search it by SSTL
93.2. Sharath kumar |   Link |  Bookmark |February 9, 2022 9:22:41 AM
Type SSTL you will find zerodha
92. Amit Jaipur |   Link |  Bookmark |February 9, 2022 8:53:44 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
WoW Matching at 16.55. Now further also hope for the best.
92.2. lokes |   Link |  Bookmark |February 9, 2022 9:12:42 AM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes)
Precision didn't even went above listing price, this one at least touched uc ones
92.3. Amit Jaipur |   Link |  Bookmark |February 9, 2022 9:19:16 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
yes sir wo to hai lekin is me hum atak gaye. All the game in seconds.
91. Noorul |   Link |  Bookmark |February 9, 2022 8:32:34 AM
Currently showing the 15rs
91.2. Noorul |   Link |  Bookmark |February 9, 2022 8:50:48 AM
91.3. kml |   Link |  Bookmark |February 9, 2022 9:09:59 AM (300+ Posts)
Nurul, are you exit from safa?
90. snipperRaj |   Link |  Bookmark |February 9, 2022 8:48:57 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
16.55. anybody sold...hold or sell?