Sattrix IPO – Sattrix Information Security Limited

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 nameSattrix Information Security Limited
SectorInformation Technology
Company Website

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 date05 June 2024
IPO Closing07 June 2024
Basis of Allotment10 June 2024
Initiation Refund11 June 2024
Credit to Demat Account11 June 2024
Listing Date12 June 2024
(Cut-off time for UPI mandate confirmation – 5 PM on June 7, 2024)

Sattrix IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹21.78 Cr – 1,800,000 shares
Fresh Issue₹21.78 Cr – 1,800,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹121 per share
Lot size1000 Shares
Market Maker portion92,000 shares
Shareholding pre-issue5,000,000
Shareholding post-issue6,800,000
Listing ExchangeBSE SME

Sattrix IPO Lot Size

Retail (Min)11000₹121,000
Retail (Max)11000₹121,000
HNI (Min)22,000₹242,000

Sattrix IPO Documents

Sattrix IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered92,000 (5.11%)
Other Shares Offered854,000 (47.44%)
Retail Shares Offered854,000 (47.44%)
Total Shares Offered1,800,000 (100%)

Sattrix Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income1.942.144.002.51
(Amount in ₹ Crores)

Sattrix Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio15.13
RONW (%)34.7927.5833.51
ROCE (%)50.4328.5942.67
EBITDA (%)15.5811.5913.39

Company Promoters

  • Mr. Sachhin Kishorbhai Gajjaer
  • Mrs. Ronak Sachin Gajjar 

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Sattrix IPO GMP Update

DateConsolidated IPO GMPKostakSubject to Sauda
11 June 20241612,000
10 June 20241511,000
8 June 20241813,500
7 June 20242117,000

Sattrix IPO Subscription Update

Shares Offered8,54,0008,54,00017,08,000
7 Jun 2024103.2437.7670.50
6 Jun 20241.584.623.10
5 Jun 20240.681.471.08
(The market maker reservation portion of 92,000 shares is not included)

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 Date12 June 2024
BSE Scrip Code544189
NSE Symbol
Final Issue Price₹121 per share

Sattrix IPO Listing Day Update

Listing ExchangeBSE SME
Final Issue Price₹121.00
Last Trade₹157.50

Sattrix Lead Manager(s)

501, A. N. Chambers, 130,
Turner Road, Bandra West, Mumbai-400 050
Phone: +91 – 22 – 26431002

Sattrix Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Sattrix Contact Details

28, Damubhai Colony, Bhattha Paldi,
Ahmedabad- 380007, Gujarat
Phone: +91- 87358 25247

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

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