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.
| Bidding Dates |
|---|
| 28 Jan 2022 - 01 Feb 2022 |
| Subscription |
|---|
| 52.71x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,00,000 | 1 | 2 | 10000 | 4.0 M | ₹10 | 73.47 % | ₹40.0 M | RHP DOC |
Safa Systems & Tech IPO SUBSCRIPTION STATUS
01 Feb '22Safa Systems & Tech IPO overall subscription rate was 52.71 times the total available shares
Safa Systems & Tech IPO retail subscription rate was 40.81 times in the retail segment
Safa Systems & Tech IPO non-institutional investor subscription rate was 64.61 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
31 Jan 2022 (Day 3) | 7.12x | 2.68x | - |
01 Feb 2022 (Day 4) | 40.81x | 64.61x | - |
28 Jan 2022 (Day 1) | 1.26x | 1.62x | - |
30 Jan 2022 (Day 2) | 1.26x | 1.62x | - |
Safa Systems & Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 6MFY21 | 2.7 | 1,451.2 | 14.2 | 14.2 |
| FY21 | 2.9 | 2,085.0 | -66.0 | -66.0 |
| FY20 | 3.1 | 2,551.1 | -1.1 | -1.1 |
| FY19 | 3.6 | 2,549.2 | -13.2 | -13.2 |
Safa Systems & Tech IPO SUBSCRIPTION STATUS DETAILS
Safa Systems & Tech had 4.0 M shares on offer
Safa Systems & Tech IPO offer price was ₹10
Safa Systems & Tech IPO minimum Investment was ₹100000
Safa Systems & Tech IPO issue size was ₹ 40.0 M
Safa Systems & Tech had a minimum lot size of 10000 Shares per application
Safa Systems & Tech NUMBER OF SHARES ON OFFER
Safa Systems & Tech IPO IMPORTANT DATES
| Issue Open Date | 28 Jan 2022 |
| Issue close Date | 01 Feb 2022 |
| Allotment Date | 04 Feb 2022 |
| Refund Date | 07 Feb 2022 |
| Demat Account Credit Date | 08 Feb 2022 |
| Listing Date | 09 Feb 2022 |
| Listing on Exchange(s) | BSE |
| Safa Systems & Tech Allotment Status | Exchange |
Safa Systems & Tech IPO subscription opened on 28 Jan 2022, and closed on 01 Feb 2022
IPO allotment for Safa Systems & Tech was finalized on Friday, 04 Feb 2022
IPO listing for Safa Systems & Tech was on BSE on Wednesday, 09 Feb 2022
Safa Systems & Tech IPO LISTING GAINS
| Issue Price (adjusted) | 10.0 |
| Listing Open Price | 16.6 |
| Listing Close Price | 15.7 |
| Listing Gain% | 65.5% |
| Current Gain% | 111.0% |
Safa Systems & Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Safa Systems & Technologies Ltd. | 21.1 | 31.8 | 11.1 | -0.4 | 0.1 | 11.1 | 3.7 | 435.6 | -16.4 | 4.7 | 24.5 | 1.9 | -24.8 |
| Gretex Industries Ltd. | 289 | 448.1 | 304.4 | -26.1 | 8 | 2.8 | 2.2 | 57.1 | 54.4 | 1.5 | 3.9 | 0.9 | -11.7 |
| Akiko Global Services Ltd. | 321.2 | 346 | 22.6 | 0.1 | 1.6 | 25.6 | 14.2 | 173 | 126.4 | 15.3 | 107.5 | 14.2 | 185.9 |
| Shiv Texchem Ltd. | 112 | 259.6 | 3.3 | 19 | 5.2 | 2782.1 | 26.2 | 77.8 | 61.7 | 33.6 | |||
| Purple Wave Infocom Ltd. | 245.7 | 227.2 | 16.9 | 23.3 | 14.3 | 146.3 | 16 | 13.4 | 47.3 | 14.5 | |||
| Nanta Tech Ltd. | 407.6 | 209.1 | 25.6 | 16.3 | 10.2 | 70.2 | 36.9 | 8.2 | 74.5 | 15.9 |
Safa Systems & Tech INFORMATION ON IPO ISSUE
About Safa Systems & Tech
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.
Object of the Issue
- To meet the working capital requirements of the company
- To meet the issue expenses
- General corporate purposes
Safa Systems & Tech - PROMOTERS
| Name |
|---|
| Bavaraparambil Abdhulkadher Hydrose |
| Faizal Bavaraparambil Abdul Khader |
Safa Systems & Tech Lead Manager
Finshore Management Services Limited
ramakrishna@finshoregroup.com
Safa Systems & Tech Registrar to the issue
Cameo Corporate Services Limited
investor@cameoindia.com
Safa Systems & Tech Strengths
Organizational stability along with management expertise
The company promoters have years of experience in the line of business and run several group companies and partnerships that operate in several sectors.
Smooth flow of operations
Established relationships with customers and suppliers ensure stability in demand and an uninterrupted supply of products
Quality & ISO Certifications
ISO certificates shows good quality of services and good financial performance and strength.
Safa Systems & Tech Risks
Depends on the brands recognition and reputation of the products
The company’s business highly depends on the brand's recognition and reputation of the products it offers to sale
Income from few major customers
A substantial part of business income is dependent on a few major customers
Subject to product related risks
The business may be subject to risks associated with product warranty for the brand products.
IPO FAQs
Safa Systems & Technologies Ltd. IPO listing opened at Rs 16.55 while the issue price was Rs 10.00 giving 65.50% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 10.00 giving 111.00% gains since its IPO listing.
The promoters of the company are Bavaraparambil Abdhulkadher Hydrose and Faizal Bavaraparambil Abdul Khader.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 10.0 - 10.0.
The IPO application opens on Jan 28, 2022 and closes on Feb 01, 2022.
The minimum lot size for the IPO is 10000. The maximum lot size for the IPO is 20000.
For all category investors, the minimum application amount for this IPO is Rs. 100,000.0, the maximum value for this IPO is Rs 200,000.0.
This IPO will be allotted on Feb 04, 2022.
The refund will be credited to your account on Feb 07, 2022.
The allotted shares will be credited to your demat on Feb 08, 2022.
Safa Systems & Technologies Ltd.’s shares listed on the stock exchanges on Feb 09, 2022.