Safa Systems IPO subscription is to start from January 28, 2022, Friday. The company to raise ₹4 crores via SME IPO at a price band of ₹10. The retail portion of this IPO is 50%, and HNI is 50% quota. The IPO subscription will close on February 1, 2022, Tuesday. The IPO bid for the IPO is 10000 shares that cost ₹100,000 for 1 lot. The face value is ₹10 per equity share. Safa Systems is doing business of distributorship of consumer durable products like Mobile phones, Mobile phone accessories, Tablets, LED TVs, Home appliances, and wearable devices. The company is working with brands like Xiaomi, OPPO, TECNO, Micromax, One Plus in Kerala. The company reported ₹2.09 crores of revenues in 2021 against ₹2.55 crores in 2020. The company’s financial report looks stagnant while profit looks on a lower side. Please check the Safa Systems IPO details over here.
IPOWatch View
We recommend investors may apply for an IPO at their own risk. Investors should also look at the Retail and HNI numbers before investing. You can check the Safa Systems IPO allotment status here.
Safa Systems IPO Subscription Status (Final Data)
| Category | Day 1 | Day 2 | Day 3 |
| NII | 1.62 | 2.68 | 64.61 |
| RII | 1.26 | 7.12 | 40.81 |
| Total | 1.44 | 4.90 | 52.71 |
Safa Systems IPO Date & Price Band
| IPO Open: | 28 January 2022 |
| IPO Close: | 01 February 2022 |
| IPO Size: | Approx ₹4 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹10 Per Equity Share |
| Listing on: | BSE SME |
| Retail Quota: | 50% |
| NII Quota: | 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Safa Systems IPO Market Lot
The Safa Systems IPO minimum market lot is 10000 shares with ₹100,000 application amount.
| IPO Lot Size: | Minimum 10000 Shares for 1 lot |
| Minimum Amount: | ₹100,000 for 1 lot |
Safa Systems IPO Time Table, Allotment & Listing
The Safa Systems IPO date is 28 January 2022 and the IPO close date is 01 February 2022. The allotment date is 04 February 2022 and the IPO may list on 09 February 2022.
| IPO Open Date: | 28 January 2022 |
| IPO Close Date: | 01 February 2022 |
| Basis of Allotment: | 04 February 2022 |
| Refunds: | 07 February 2022 |
| Credit to Demat Account: | 08 February 2022 |
| IPO Listing Date: | 09 February 2022 |
Safa Systems IPO Subscription FAQs:
When Safa Systems IPO Subscription will start?
The IPO subscription starts on 28 January 2022 for NII, and Retail Investors.
How much Safa Systems IPO subscribed?
The IPO subscribed 52.71x times on day 3.
What is Safa Systems IPO Retail subscription status?
The RII subscription is 40.81x on day 3.
How to subscribe Safa Systems IPO?
You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.
How do i check live Safa Systems IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE websites. One can check the live subscription on BSE or NSE website on the particular IPO page.
Follow IPO Watch for the latest IPO news and their reviews, also keep following us on Twitter, Facebook, and Instagram. For our latest videos, subscribe to our YouTube channel.
