IPO : Safa Systems & Technologies Limited IPO

Established in 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.

Objectives of the Issue:

The IPO aims to utilize the net proceed for the following objectives;

  • To meet the working capital requirements of the company.
  • To meet the issue expenses.
  • General corporate purposes.

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