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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:
| IPO Date | Jan 28, 2022 to Feb 1, 2022 |
| Listing Date | Feb 9, 2022 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 4,000,000 shares (aggregating up to ₹4.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Other Shares Offered | 1,900,000 (50.00%) |
| Retail Shares Offered | 1,900,000 (50.00%) |
| Market Maker portion | 200,000 shares |
| Total Shares Offered | 3,800,000 |
Safa Systems IPO opens on Jan 28, 2022, and closes on Feb 1, 2022.
| Event | Tentative Date |
|---|---|
| Opening Date | Jan 28, 2022 |
| Closing Date | Feb 1, 2022 |
| Basis of Allotment | Feb 4, 2022 |
| Initiation of Refunds | Feb 7, 2022 |
| Credit of Shares to Demat | Feb 8, 2022 |
| Listing Date | Feb 9, 2022 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Safa Systems IPO lot size is 10000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
| Lot Size Calculator | |||
Mr. Faizal Bavaraparambil Abdul Khader and Mr. Bavaraparambil Abdhulkadher Hydrose are the company promoters.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.47% |
The Safa Systems IPO is subscribed 52.71 times on Feb 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)
| Category | Subscription (times) |
|---|---|
| Other | 64.61 |
| Retail | 40.81 |
| Total | 52.71 |
| 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 | ||
[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...
The IPO aims to utilize the net proceed for the following objectives;
| Listing Date | Feb 9, 2022 |
| BSE Script Code | 543461 |
| NSE Symbol | |
| ISIN | INE0JNA01014 |
| Final Issue Price | ₹10 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹10.00 |
| ₹16.55 |
| ₹15.73 |
| ₹17.37 |
| ₹15.73 |
Safa Systems & Technologies Limited
46/2631 B, Safa Arcade,
Kaniyapilly Road, Chakkaraparambu,
Ernakulam-682028, Kerala, India
Phone: 7593001140
Email: office@sssinfo.in
Website: http://www.sssinfo.in/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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 Jan 28, 2022, and closes on Feb 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
Visit Zerodha IPO Application Process Review for more detail.
The Safa Systems IPO opens on Jan 28, 2022 and closes on Feb 1, 2022.
Safa Systems IPO lot size is 10000 Shares and the minimum order quantity is .
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 Feb 4, 2022, and the allotted shares will be credited to your demat account by Feb 8, 2022. Check the Safa Systems IPO allotment status.
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