It was a humble beginning in the year 2012 as a new entrant in the field of telecommunication and its accessories. We were appointed as all Kerala distribution for MICROMAX SMARTPHONES and our first year turnover in the financial year 2013-14 was 7.8 crores. In the financial year 2014-15 we crossed to a turnover of Rs.51.29 Crores.In the year 2015 we also signed up for the Feature Phones of Micromax brand for Kerala region and in the financial year 2015- 16 we crossed a turnover of Rs.97.78 Crores. In the Financial year 2016-17 our turnover dropped to 74.75 crores because of the brand issues. Until then we were only dealing the products of Micromax. In the year 2017-18 we decided to createa portfolio of brands rather than sticking to one brand and we wanted a 25% to 30% of the Kerala market size. In the same year we signed up with the brand OPPO and we crossed a turnover of 170.39 Crores.
In the financial year 2018-19 we signed up with more brands like Xiaomi, Vivo, LG etc. and our turnover was 258.63 Crores. In the Financial Year 2019-20 we signed up with more brand like Huawei, Motorola etc. and we crossed a turnover of Rs.256.53 Crores. In the Financial Year 2020-21 we signed up with the brand One Plus for the Kerala region. The journey since 2012 to till date was quite remarkable and we were proud to say that we are among the top ten distributors in India. We started with a capital of 50 Lakhs which has been increased to 11crores till date. The range of products which we deal as on date includes Telecommunication devices, Accessories, LED television, Tablets, IT Products, Home appliances etc. The commitment, dedication, delivery and quality services are well known in the industry and we have built our goodwill and reputation from it.
To sustain in the modern era business we decided convert ourselves from partnership firm to a Public Limited Company as SAFA SYSTEMS & TECHNOLOGIES LIMITED. Our future plans includes launching of our own electronic devices in India. As an expansion plan of our presence in other states we have leased out a premises in the city of Mumbai. We are also foreseeing to expand business to other LFR accounts in South India. We are also planning to diversify the business into IT enabled services, software development & technology related services in future. Our vision and mission is to make Safa Systems & Technologies Limited into 1000 crore company within a couple of years.
Mr. Faizal Bavaraparambil Abdul Khader and Mr. Bavaraparambil Abdhulkadher Hydrose are the company promoters.
| Particulars | 31-Mar-21 | 31-Mar-20 |
|---|---|---|
| Total Assets (In ₹ Millions) | 489.28 | 402.67 |
| Total Revenue (In ₹ Millions) | 2,086.60 | 2,552.25 |
| Profit After Tax (PAT) (In ₹ Millions) | 2.93 | 3.12 |
| Date | GMP | Kostak | Subject to Sauda |
|---|
| Date & Time | QIB | NII | RII | Total |
|---|---|---|---|---|
| Day 1 - 28 Jan 2022 | ||||
| Day 2 - 31 Jan 2022 | ||||
| Day 3 - 01 Feb 2022 |
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IPO Allotment StatusSafa Systems & Technologies Limited IPO will open on 28 Jan 2022 and close on 01 Feb 2022.
Safa Systems & Technologies Limited IPO will list on 09 Feb 2022.
The offer price of Safa Systems & Technologies Limited IPO is ₹10.
The lot size of Safa Systems & Technologies Limited IPO is 10000.
The Grey Market Premium (GMP) price of Safa Systems & Technologies Limited IPO is Not Available at the moment.
The Kostak price of Safa Systems & Technologies Limited IPO is Not Available at the moment.
The Subject to Sauda price for Safa Systems & Technologies Limited IPO is Not Available at the moment.
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