Safa Systems & Technologies Ltd - IPO

Safa Systems & Technologies Ltd IPO Details

Initial public offer of 40,00,000 equity shares of face value of Rs. 10 each (Equity Shares) of Safa Systems & Technologies Limited (The Company or the Issuer) for cash at a price of Rs. 10 per equity share at par (The Issue Price), aggregating to Rs. 4.00 crores (The Issue), of which 2,00,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 10 per equity share, aggregating to Rs. 0.20 crores will be reserved for subscriptions by the market maker to the issue (The Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 38,00,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 10 per equity share, aggregating to Rs. 3.80 crores is here inafter referred to as The Net Issue. The issue and the net issue will constitute 26.53% and 25.20% respectively of the post issue paidup equity share capital of the company.The face value of the equity share is Rs. 10 each and the issue price is Rs. 10 i.e. 1 time of the face value of the equity shares. The minimum lot size is 10,000 equity shares.

Objective of issue

To Meer Working Capital Requirements. General Corporate Expenses.

Safa Systems & Technologies Ltd Contact Details

Safa Systems & Technologies Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - office@sssinfo.in

Website - www.sssinfo.in