Safa Systems & Technologies Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,900,000 (48%) | — | ₹190 Cr |
| Retail | — | 1,900,000 (48%) | — | ₹190 Cr |
| Market Maker | — | 200,000 (5%) | — | ₹2 Cr |
| Σ Total | — | 4,000,000 (100%) | — | ₹4,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹100,000 |
| Retail (Max) | 13 | 130,000 | ₹1,300,000 |
| S-HNI (Min) | 14 | 140,000 | ₹1,400,000 |
| B-HNI (Min) | 67 | 670,000 | ₹6,700,000 |
Financial Statements Amount In Crore
| Metric | 7-Oct-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 145 | 209 | 255 |
| Profit After Tax | 0 | 0 | 0 |
| Total Assets | 45 | 49 | 40 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To Meet working capital requirement – 3.21
- 2 Public issue expenses – 0.50
- 3 General corporate purpose – 0.30
Company Overview
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