Safa Systems IPO is all about to make its debut on 28th jan with 4cr engaged in the business of distributorship of consumer durable products like Mobile phones, Mobile phone accessories, Tablets, LED TVs, Home appliances and wearable devises.
Safa systems IPO – overview
| IPO Dates | 28 Jan – 1Feb 2022 |
| IPO Price | INR 10 per share |
| Fresh issue | 4,000,000 shares (INR 4 crore) |
| Offer For Sale | Nil |
| Total IPO size | 4,000,000 shares (INR 4 crore) |
| Minimum bid (lot size) | 10000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Safa systems IPO – Tentative Dates
| IPO Offer Opening Date | 28 Jan 2022 |
| IPO Closing Date | 01 Feb 2022 |
| Finalization of Basis of Allotment | 04 Feb 2022 |
| Initiation of refunds | 07 Feb 2022 |
| Transfer of shares to demat accounts | 08 Feb 2022 |
| IPO Listing Date | 09 Feb 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Industry 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 the B2B (Business to Business) model.
Recently, the company has taken an office in Mumbai as a part of its expansion plans to grow their presence in other regions of the country.
INDUSTRY Overview
Indian consumer durables market is one of the largest and fastest-growing segments within India’s consumer market. The market comprises a huge middle class (urban and rural), a relatively large affluent class, and a small economically disadvantaged class. Global corporations view India as one of the key markets from where future growth is likely to emerge. The growth in India’s consumer market would be primarily driven by a favorable population composition and increasing disposable income.
Consumer durables consist of two main categories: home and household appliances, and consumer electronics. Major and small appliances, like refrigerators, washing machines, microwave ovens, vacuum cleaners, and fans, are broadly classified as home appliances. Consumer electronics include television sets, radios, personal computers, and sometimes mobile phones and other electronic devices, like tablets, wearable devices, etc.
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
Objectives of the issue
- To meet the capital expenditure requirements
- Working capital requirements
- General corporate purpose.
Company Financials
| Particulars | 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 |
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/
Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
