Sattrix IPO will open for subscription from 05 June 2024. The company aims for an issue size of ₹21.78 Cr through this IPO.
Company Overview
| Full name | Sattrix Information Security Limited |
| Sector | Information Technology |
| Industry | IT-Software |
| Company Website | https://www.sattrix.com/ |
About Company
Sattrix Information Security develops customer-focused cybersecurity solutions. The company aims to provide end-to-end cybersecurity services to businesses across India, the US, and the Middle East (UAE). The company has established itself as a trusted partner in providing comprehensive cybersecurity solutions.
The company helps organizations protect their data from unauthorized access and security threats. The company’s data security solutions aim to eliminate data protection risks and keep business processes running securely and smoothly. They design and build data security solutions on the cloud and on-premise based on customer requirements.
As of October 2023, the company had 145 employees on its payroll. The company’s list of services offers include:
- Assessment Services
- IT Infrastructure Management
- Hybrid IT Services & Solutions
- Managed Security Services (MSS)
The Objectives of the Issue
- Capital Expenditure:
(a) To meet out expenses for Purchasing Furniture, fixtures & air conditioning for a new office at Ahmedabad
(b)To purchase and Installation of IT equipment, computer hardware, server, SAN storage, CCTV cameras, video conferencing equipment, networking (LAN) and other equipment - Business Expansion Cost:
(a) Development of New Products & Technology
(b) Other Business Expansion Cost - Additional Working Capital Requirement
- General Corporate Purpose
Sattrix IPO Timetable
| IPO Opening date | 05 June 2024 |
| IPO Closing | 07 June 2024 |
| Basis of Allotment | 10 June 2024 |
| Initiation Refund | 11 June 2024 |
| Credit to Demat Account | 11 June 2024 |
| Listing Date | 12 June 2024 |
Sattrix IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹21.78 Cr – 1,800,000 shares |
| Fresh Issue | ₹21.78 Cr – 1,800,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹121 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 92,000 shares |
| Shareholding pre-issue | 5,000,000 |
| Shareholding post-issue | 6,800,000 |
| Listing Exchange | BSE SME |
Sattrix IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
| HNI (Min) | 2 | 2,000 | ₹242,000 |
Sattrix IPO Documents
Sattrix IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 92,000 (5.11%) |
| Other Shares Offered | 854,000 (47.44%) |
| Retail Shares Offered | 854,000 (47.44%) |
| Total Shares Offered | 1,800,000 (100%) |
Sattrix Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 21.12 | 22.94 | 36.59 | 30.36 |
| Expenses | 18.43 | 20.81 | 32.25 | 27.04 |
| Net income | 1.94 | 2.14 | 4.00 | 2.51 |
Sattrix Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.88 | 4.28 | 8.00 |
| PE ratio | – | – | 15.13 |
| RONW (%) | 34.79 | 27.58 | 33.51 |
| NAV | 11.14 | 15.53 | 23.88 |
| ROCE (%) | 50.43 | 28.59 | 42.67 |
| EBITDA (%) | 15.58 | 11.59 | 13.39 |
Company Promoters
- Mr. Sachhin Kishorbhai Gajjaer
- Mrs. Ronak Sachin Gajjar
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | – |
Sattrix IPO GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 11 June 2024 | 16 | – | 12,000 |
| 10 June 2024 | 15 | – | 11,000 |
| 8 June 2024 | 18 | – | 13,500 |
| 7 June 2024 | 21 | – | 17,000 |
Sattrix IPO Subscription Update
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 8,54,000 | 8,54,000 | 17,08,000 |
| 7 Jun 2024 | 103.24 | 37.76 | 70.50 |
| 6 Jun 2024 | 1.58 | 4.62 | 3.10 |
| 5 Jun 2024 | 0.68 | 1.47 | 1.08 |
Sattrix IPO Allotment Status
Sattrix Information IPO allotment status is now available on the Bigshare Services website. Click on this link to get allotment status.
Sattrix IPO Listing Details
| Listing Date | 12 June 2024 |
| BSE Scrip Code | 544189 |
| NSE Symbol | – |
| ISIN | INE0QUV01010 |
| Final Issue Price | ₹121 per share |
Sattrix IPO Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | ₹121.00 |
| Open | ₹150.00 |
| Low | ₹142.50 |
| High | ₹157.50 |
| Last Trade | ₹157.50 |
Sattrix Lead Manager(s)
ISK ADVISORS PRIVATE LIMITED
501, A. N. Chambers, 130,
Turner Road, Bandra West, Mumbai-400 050
Phone: +91 – 22 – 26431002
Email: ncmpl@ncmpl.com
Website: www.iskadvisors.com
Sattrix Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Sattrix Contact Details
SATTRIX INFORMATION SECURITY LIMITED
28, Damubhai Colony, Bhattha Paldi,
Ahmedabad- 380007, Gujarat
Phone: +91- 87358 25247
E-mail: cs@sattrix.com
Website: www.sattrix.com
Sattrix IPO FAQs
What is the Sattrix Information offer size?
Sattrix Information offer size is ₹ 21.78 crores.
What is the Sattrix Information offer price band?
Sattrix Information public offer price is ₹ 121 per share.
What is the lot size of the Sattrix Information IPO?
Sattrix Information offer a lot size is 1,000 shares.
What is Sattrix Information IPO GMP today?
Sattrix Information IPO GMP today is ₹ 16 per share.
What is the Sattrix Information kostak rate today?
Sattrix Information kostak rate today is ₹ NA per application.
What is Sattrix Information Subject to the Sauda rate today?
Sattrix Information is Subject to the Sauda rate today is ₹ 12,000 per application.
Final thoughts
Sattrix IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
