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 Promoters
Mr. Faizal Bavaraparambil Abdul Khader and Mr. Bavaraparambil Abdhulkadher Hydrose are the company promoters.
Company Financials
| 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 |
Objects Of The Issue
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 Details
| IPO Opening Date | Jan 28, 2022 |
| IPO Closing Date | Feb 1, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹10 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Issue Size | 4,000,000 Eq Shares of ₹10 (aggregating up to ₹4.00 Cr) |
Safa Systems IPO Tentative Timetable
| IPO Open Date | Jan 28, 2022 |
| IPO Close Date | Feb 1, 2022 |
| Basis of Allotment Date | Feb 4, 2022 |
| Initiation of Refunds | Feb 7, 2022 |
| Credit of Shares to Demat Account | Feb 8, 2022 |
| IPO Listing Date | Feb 9, 2022 |
Safa Systems IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹100,000 |
| Maximum | 2 | 20000 | ₹200,000 |
Safa Systems IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.47% |
Safa Systems IPO Prospectus
Company Contact Information
| 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/ |
Safa Systems IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: investor@cameoindia.com Website: https://online.cameoindia.com/ |
Safa Systems IPO FAQs
| When Safa Systems IPO will open? The Safa Systems IPO dates are 28 Jan 2022 To 01 Feb 2022 |
| What is the lot size of Safa Systems IPO? Safa Systems IPO lot size and the minimum order quantity is 10000 Shares. |
| How to apply for Safa Systems IPO? 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. |
| When is Safa Systems IPO listing date? The Safa Systems IPO listing date is not announced. The date of Safa Systems IPO listing is [09 Feb 2022]. |
