Safa Systems & Technologies Limited IPO
Safa Systems & Technologies Limited IPO
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Safa Systems & Technologies Limited's successfully completed its Initial Public Offering and commenced trading on 09-02-2022 at the BSE exchange. The company raised 40,00,000 Shares through this public offering, comprising TBD in fresh capital.
The IPO was priced within the band of ₹10 to ₹10, with minimum application lots of 10000 shares. The offering attracted significant investor interest during its subscription period from 28-01-2022 to 01-02-2022.
Share allotment was finalized on 04-02-2022, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Safa Systems IPO About Company
Safa Systems & Technologies, established in 2012, is a B2B distributor of consumer durables, including mobile phones, tablets, LED TVs, home appliances, wearable devices, and accessories for brands like Xiaomi, OPPO, TECNO, Micromax, and One Plus in Kerala. The company adheres to strict quality standards and is ISO 9001:2015 certified. As part of its expansion plans, Safa Systems & Technologies recently opened an office in Mumbai to strengthen its presence in other regions of India.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Safa Systems IPO Strength Factors
- Organizational Stability: Backed by strong management expertise and a stable structure.
- Customer & Supplier Relationships: Maintains long-term trusted ties with clients and suppliers.
- Reliable Supply Network: Strong supplier connections ensure consistent supply and competitive pricing.
- Quality & Certifications: Follows strict quality standards and holds ISO certifications.
Safa Systems IPO Risk Factors
NA
Safa Systems IPO Lead Manager(s)
- Finshore Management Services Limited
Safa Systems IPO Promoter(s)
- Mr. Faizal Bavaraparambil Abdul Khader
- Mr. Bavaraparambil Abdhulkadher Hydrose
Safa Systems IPO FAQs
Safa Systems & Technologies Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byDecember 17, 2025 10:56:12 AM (Day 17).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Safa Systems IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Safa Systems IPO FAQs
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