Safa Systems Limited was established in 2012 by Mr. Faizal Bavaraparambil Abdul Khader and Mr. Bavaraparambil Abdhulkadher Hydros. Based in Kerala, the company operated as a distributor of consumer durable products.
The Safa Systems IPO opened in January 2022 at an issue price of ₹10 per share. With a total issue size of ₹4 Crore, the offering required investors to apply for at least 10,000 shares. As a result, the minimum investment amounted to ₹1,00,000.
Safa Systems planned to list its shares on the BSE SME platform. Its B2B distribution model focused on supplying consumer electronics and related products to business customers across Kerala.
Safa Systems Company Profile
Safa Systems operated in the distribution business for consumer durable products. Its portfolio included mobile phones, mobile phone accessories, tablets, LED televisions, home appliances and wearable devices.
Several established brands formed part of its distribution portfolio. These included Xiaomi, OPPO, VIVO, TECNO, Micromax and OnePlus.
Rather than focusing on direct consumer sales, Safa Systems followed a B2B (Business-to-Business) business model. This approach allowed the company to supply products to businesses within the retail and consumer electronics ecosystem.
Operations remained focused primarily on the Kerala market. Therefore, distribution reach, brand relationships and product demand played important roles in the company’s business model.
What Does Safa Systems Do?
Safa Systems acted as a distributor for consumer durable and electronic products. Its product range covered smartphones, accessories, tablets, televisions, home appliances and wearable devices.
Working with multiple brands allowed the company to offer different products through its B2B network. Consequently, sales performance could depend on consumer demand, brand relationships and distribution volumes.
Furthermore, Safa Systems operated in a competitive consumer electronics market. New product launches, changing customer preferences and competition among brands could influence future business performance.
Safa Systems IPO Details
| IPO Details | Information |
|---|---|
| Company Name | Safa Systems Limited |
| IPO Name | Safa Systems IPO |
| IPO Opening Date | 28 January 2022 |
| IPO Closing Date | 01 February 2022 |
| IPO Price | ₹10 per share |
| Total Issue Size | ₹4 Crore |
| Lot Size | 10,000 shares |
| Face Value | ₹10 per share |
| Issue Type | Fixed Price Issue |
| Listing | BSE SME |
The offering had a total issue size of ₹4 Crore. At ₹10 per share, applicants needed to bid for a minimum of 10,000 shares. Therefore, the minimum application value stood at ₹1,00,000.
Safa Systems IPO Market Lot
One IPO lot contained 10,000 shares. At the issue price of ₹10 per share, a single lot required ₹1,00,000.
| Application | Lot | No. of Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 10,000 shares | ₹1,00,000 |
| Maximum | 2 | 20,000 shares | ₹2,00,000 |
Minimum investment: 10,000 shares × ₹10 = ₹1,00,000.
Maximum investment: 20,000 shares × ₹10 = ₹2,00,000.
As an SME IPO, Safa Systems had a higher minimum application value than many mainboard offerings. Investors also needed to consider the different liquidity and trading characteristics of SME-listed shares.
Safa Systems IPO Financial Performance
Historical financial figures provide useful information about a company’s operations. For Safa Systems, the available IPO data included total assets, revenue and profit after tax.
| Financial Particulars | Amount |
|---|---|
| Financial Period | 07 October 2021 (Restated Consolidated) |
| Total Assets | ₹446.81 Million |
| Total Revenue | ₹1,451.92 Million |
| Profit After Tax | ₹2.73 Million |
| EPS FY2021 | Not available in the supplied data |
Total assets stood at ₹446.81 million for the reported period. Meanwhile, revenue reached ₹1,451.92 million and profit after tax stood at ₹2.73 million.
However, one financial period does not provide a complete picture of a business. Revenue growth, margins, working capital, competition, valuation and future prospects also deserve attention.
Safa Systems IPO DRHP
The Draft Prospectus provides detailed information about Safa Systems. It covers the company’s business, financial statements, promoters, risk factors and IPO-related information.
Readers researching the historical IPO can refer to the prospectus for additional details.
Download Safa Systems IPO DRHP
Safa Systems IPO Subscription Status
Subscription figures indicate the demand received from different investor categories during the bidding period. Day-wise data can therefore help readers understand participation in the historical IPO.
For detailed subscription information, visit the Safa Systems IPO subscription page on IPOWala.
Check Safa Systems IPO Subscription Status Day by Day
Safa Systems IPO GMP
Grey Market Premium (GMP) is an unofficial indicator used by some market participants to track IPO sentiment. However, GMP does not come from a regulated stock exchange and cannot guarantee the actual listing price.
Since Safa Systems IPO belongs to 2022, any available GMP figure should be treated as historical IPO-period data. It should not be presented as a current market premium.
Check Safa Systems IPO GMP Details
Safa Systems IPO Allotment Date & Details
The IPO allotment was scheduled for 04 February 2022. Applicants who did not receive shares were scheduled to receive refunds from 07 February 2022.
Successful applicants were expected to receive shares in their Demat accounts on 08 February 2022. Subsequently, the shares were scheduled to list on the BSE SME platform on 09 February 2022.
| IPO Event | Date |
|---|---|
| Allotment Date | 04 February 2022 |
| Initiation of Refunds | 07 February 2022 |
| Transfer of Shares to Demat Accounts | 08 February 2022 |
| Listing Date | 09 February 2022 |
| Check Allotment Status | Check IPO Allotment Status |
How to Check Safa Systems IPO Allotment Status?
Cameo Corporate Services Limited handled the registrar activities for the Safa Systems IPO. Investors could check their allotment through the registrar’s IPO status page.
To view the result, applicants could visit the Cameo IPO status page and enter the required application details. The registrar would then display the applicable allotment information.
Check Safa Systems IPO Allotment Status
Safa Systems IPO Registrar
Cameo Corporate Services Limited acted as the registrar for the Safa Systems IPO.
“Subramanian Building”, #1, Club House Road,
Chennai – 600 002, India
| Telephone | +91-44-40020700, 28460390 |
| Facsimile | +91-44-28460129 |
| investor@cameoindia.com | |
| Contact Person | Mr. R.D. Ramasamy, Director |
| Website | www.cameoindia.com |
| SEBI Registration Number | INR000003753 |
| CIN | U67120TN1998PLC041613 |
Safa Systems Contact Details
Safa Systems Limited was based in Ernakulam, Kerala. Its operations focused on distributing consumer durable products through a B2B model.
46/2631 B, Safa Arcade,
Kaniyapilly Road,
Chakkaraparambu,
Ernakulam – 682028,
Kerala, India
| office@sssinfo.in | |
| Website | www.sssinfo.in |
Safa Systems IPO Lead Manager
Finshore Management Services Limited acted as the lead manager for the Safa Systems IPO.
Anandlok, Block-A, 2nd Floor, Room No. 207,
227 A.J.C Bose Road,
Kolkata – 700020, West Bengal
| Telephone | 033-22895101 |
| ramakrishna@finshoregroup.com | |
| Contact Person | Mr. S. Ramakrishna Iyengar |
| Website | www.finshoregroup.com |
| Investor Grievance Email | info@finshoregroup.com |
| SEBI Registration No. | INM000012185 |
| CIN | U74900WB2011PLC169377 |
Safa Systems IPO: Investor Considerations
Safa Systems operated in the consumer electronics distribution segment. Its B2B model covered mobile phones, tablets, televisions, home appliances, accessories and wearable devices.
Several established brands formed part of its distribution portfolio. Consequently, product demand, brand relationships and distribution volumes could influence business performance.
However, investors should assess several factors before evaluating an SME company. These include revenue growth, profitability, working capital requirements, customer concentration, competition, valuation and liquidity.
Moreover, consumer electronics is a rapidly changing market. New products and technologies can alter customer preferences quickly. Therefore, investors should review the company’s financial information and risk factors before making an investment decision.
This page provides historical information about the Safa Systems IPO. Past IPO data, GMP information and historical financial figures should not be treated as a current investment recommendation.
Frequently Asked Questions About Safa Systems IPO
What was the Safa Systems IPO price?
The Safa Systems IPO price was ₹10 per share.
What was the Safa Systems IPO lot size?
The IPO lot size was 10,000 shares.
What was the minimum investment in Safa Systems IPO?
Applicants needed ₹1,00,000 for the minimum lot of 10,000 shares.
What was the maximum application size?
The maximum application covered 2 lots, or 20,000 shares, requiring ₹2,00,000.
When did the Safa Systems IPO open?
The IPO opened on 28 January 2022.
When did the Safa Systems IPO close?
The IPO closed on 01 February 2022.
When was the Safa Systems IPO allotment?
The IPO allotment was scheduled for 04 February 2022.
When was Safa Systems IPO listed?
The shares were scheduled to list on the BSE SME platform on 09 February 2022.
Who was the registrar of Safa Systems IPO?
Cameo Corporate Services Limited was the registrar of the Safa Systems IPO.
Who was the lead manager of Safa Systems IPO?
Finshore Management Services Limited acted as the lead manager of the Safa Systems IPO.
What was the Safa Systems IPO issue size?
The total issue size was ₹4 Crore.
Where was Safa Systems IPO listed?
The IPO was listed on the BSE SME platform.
What was the Safa Systems IPO GMP?
Any GMP figure for this IPO should be treated as historical IPO-period information. Grey Market Premium is unofficial and does not guarantee the actual listing price.
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