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
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 To Meet working capital requirement | ₹3 |
| 2 Public issue expenses | ₹1 |
| 3 General corporate purpose | ₹0 |
| Metric | 7-Oct-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Total Assets | 45 | 49 | 40 |
| Revenue | 145 | 209 | 255 |
| PAT | 0 | 0 | 0 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,900,000 (48%) | — |
| Retail (RII) | — | 1,900,000 (48%) | — |
| Market Maker | — | 200,000 (5%) | — |
| Total | — | 4,000,000 (100%) | — |
* Amount calculated at upper price band (₹10) · ** Total includes all investor categories
- 1 Initiation of Refund 07 Feb 2022
- 2 Credit of Shares to Demat 08 Feb 2022
- Retail allocation is strong at 48% of the total offering.
- HNI/NII demand is strong at 48%.
- The IPO P/E of 29x reflects a moderate valuation relative to typical market ranges.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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