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.
The Safa Systems IPO minimum market lot is 10000 shares with ₹100,000 application amount.
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.