News Details

( As on 21/01/2022 14:40)

Safa Systems & Tech announces launch of initial public offering

Safa Systems & Technologies Ltd. has announced public offering of 4000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 0.00 per share. The gross proceeds of the issue are expected to be Rs 400.00 lakhs.

The company's initial public offer (IPO) will open on 28 January 2022 and is expected to close on 01 February 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 4000000 Equity Shares of the Company at an price of Rs 10.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 10000 shares with bids in multiples of 10000.

Safa Systems & Technologies Ltd. anticipates using the proceeds of the issue for .

Finshore Management Services Ltd. as lead manager & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue.