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

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:

ParticularsFor the year/period ended (₹ in Millions)
Total Assets446.81489.28402.67
Total Revenue1,451.922,086.602,552.25
Profit After Tax2.732.933.12

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 DateJan 28, 2022
IPO Closing DateFeb 1, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹10 per equity share
Market Lot10000 Shares
Min Order Quantity10000 Shares
Listing AtBSE SME
Issue Size4,000,000 Eq Shares of ₹10
(aggregating up to ₹4.00 Cr)

Safa Systems IPO Tentative Timetable

The Safa Systems IPO open date is Jan 28, 2022, and the close date is Feb 1, 2022. The issue may list on Feb 9, 2022.

IPO Open DateJan 28, 2022
IPO Close DateFeb 1, 2022
Basis of Allotment DateFeb 4, 2022
Initiation of RefundsFeb 7, 2022
Credit of Shares to Demat AccountFeb 8, 2022
IPO Listing DateFeb 9, 2022

Safa Systems IPO Lot Size

The Safa Systems IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).

ApplicationLotsSharesAmount (Cut-off)

Safa Systems IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.47%

Safa Systems IPO Review

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.

Company Contact Information

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

Leave a Reply

Your email address will not be published. Required fields are marked *