Sattrix IPO Details ( Sattrix Information Security Limited IPO Review )
(5 June 2024 – 7 June 2024)
Sattrix Information Security Limited, established in 2013, focuses on creating customized cybersecurity solutions for its clients.
Sattrix designs and implements data security solutions tailored to each client’s needs, whether in the cloud or on-premise. Their services include:
- Assessment Services: Conducting vulnerability assessments, penetration testing, red teaming, anti-phishing solutions, and application security services.
- IT Infrastructure Management: Offering a comprehensive view of modern IT infrastructure, enabling quick and effective threat detection, response, and mitigation using the best-suited technologies for each organization.
- Hybrid IT Services and Solutions: Providing both on-premise and cloud infrastructures to meet various organizational needs, ensuring agility, compliance, and efficiency.
- Managed Security Services (MSS): Covering vulnerability management, SOC (incident response), endpoint detection and response (Managed EDR), helpdesk/tech support, IT infrastructure security, and cybersecurity compliance services.
As of October 2023, Sattrix employs 145 people.
Sattrix Information Security Limited IPO Competitive Strength
- Qualified and Experienced Promoters & Employees
- Diversified Client Base
- Proactive approach to provide Cyber security solutions using modern technology and adaptive to changing requirement of the client
- Geographical presence in growing markets like Middle East and North America
Sattrix Information Security IPO Financials Performance ( Results )
Sattrix Information Security Limited Financial Information (Restated Consolidated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 950.32 | 2,120.23 | 193.83 | 557.12 | 556.12 | 44.54 |
| 31-Mar-22 | 1,449.07 | 2,348.69 | 214.13 | 776.51 | 775.51 | 235.88 |
| 31-Mar-23 | 2,567.06 | 3,775.65 | 400.12 | 1,194.02 | 1,193.02 | 194.55 |
| 31-Dec-23 | 2,462.28 | 3,061.61 | 250.71 | 1,446.96 | 946.96 | 384.77 |
Objective of Sattrix Information Security IPO 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 Basic Details
| IPO Date | June 5, 2024 to June 7, 2024 |
| Listing Date | Wednesday, June 12, 2024 |
| Face Value | ₹10 per share |
| Price | ₹121 per share |
| Lot Size | 1000 Shares |
| Issue Size | 1,800,000 shares of ₹10 (aggregating up to ₹21.78 Cr) |
| Fresh Issue | 1,800,000 shares of ₹10 (aggregating up to ₹21.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,000,000 |
| Share holding post issue | 6,800,000 |
| Company Promoters | Mr. Sachhin Kishorbhai Gajjaer and Mrs. Ronak Sachin Gajjar |
Sattrix IPO Reservation
| Market Maker Shares Offered | 5.11% of the Net Issue |
| Other Shares Offered | 47.44% of the Net Issue |
| Retail Shares Offered | 47.44% of the Net Issue |
| Total Shares Offered | 100.00% of the Net Issue |
Sattrix IPO Timetable
Sattrix IPO will open on June 5, 2024 and close on June 7, 2024. You can join Sattrix IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 5 June 2024 (Wednesday) |
| Closing Date | 7 June 2024 (Friday) |
| Basis of Allotment | 10 June 2024 (Monday) |
| Initiation of Refunds | 11 June 2024 (Tuesday) |
| Credit of Shares to Demat | 11 June 2024 (Tuesday) |
| Listing Date | 12 June 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 7 June 2024 |
Sattrix Information IPO Lot Size
For retail investors in Sattrix Information IPO, 1000 shares will come in 1 lot or the minimum investment will be ₹121,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹121,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
| S-HNI (Min) | 2 | 2000 | ₹242,000 |
Sattrix Information IPO Promoter Holding
The company’s promoters include Mr. Sachhin Kishorbhai Gajjaer and Mrs. Ronak Sachin Gajjar.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Sattrix Information Security Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 82.28 |
| Earning Per Share (EPS) | ₹8.00 per Equity Share |
| Net Asset Value (NAV) | ₹23.88 per Equity Share |
| P/E Ratio (P/E) (x) | 15.12 |
| Post P/E Ratio (P/E) (x) | 22.18 |
| Return on Net Worth (RoNW) (%) | 17.33 |
| Return on equity (ROE) (%) | 18.99 |
| Return on Capital Employed (ROCE) (%) | 20.93 |
| Debt/Equity Ratio | 0.27 |
| Price/Book Value Ratio | 5.07 |
Sattrix IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹0 | – | – |
| 5 June 2024 | ₹0 | – | – |
Sattrix IPO Detail Video:
link
Sattrix IPO Subscription Status (Bidding Detail)
The Sattrix IPO on June 7, 2024 at 7:02:00 PM was subscribed 70.44 times, with the retail category being subscribed 37.76 times, the NII (Non-Institutional Investor) category being subscribed 87.88 times.
| Category | Subscription |
| NII | 87.88x |
| Retail | 37.76x |
| Total | 70.44x |
Sattrix IPO Prospectus
Sattrix IPO Rating
| Our Rating | 2.0/5.0 |
Sattrix Company Contact Information
Sattrix Information Security Limited
Registered Office: 28, Damubhai Colony, Bhattha Paldi, Ahmedabad- 380007, Gujarat, India
Tel No.: +91- 87358 25247
Email: cs@sattrix.com
Website: www.sattrix.com
Contact Person: Ms.Rina Kumari, Company Secretary and Compliance Officer.
Our Promoters: Mr. Sachhin Kishorbhai Gajjaer and Mrs. Ronak Sachin Gajjar
Sattrix IPO Registrar
Bigshare Services Pvt. Ltd.
Registered Office: 1st Floor, Bharat Tin Works Building, Opp. Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059
Tel No.: +91 – 22 – 62638200, Fax: +91 22 62638299
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Mr. Babu Rapheal
SEBI Registration No.: INR000001385
Sattrix IPO Lead Manager
ISK Advisors Private Limited
Registered Office: 501, A. N. Chambers, 130, Turner Road, Bandra West, Mumbai-400 050
Tel No.: +91 – 22 – 26431002
Email: ncmpl@ncmpl.com
Website: www.iskadvisors.com
Investor Grievance Email: enquiry@ncmpl.com
Contact Person: Mr. Ronak I. Kadri
SEBI Registration No. INM000012625
Sattrix IPO FAQs
What is the lot size of Sattrix IPO?
The total size of Sattrix IPO is ₹21.78 crores and this is a complete fresh Issue.
When will Sattrix IPO start?
Sattrix IPO will open from 5 June 2024 and IPO will close on 7 June 2024.
What is the open date of Sattrix IPO?
Sattrix IPO will open date from 5 June 2024.
What is the last date ( close date ) of Sattrix IPO?
Sattrix IPO will close from 7 June 2024.
What is the price band of Sattrix IPO?
Sattrix IPO price band is ₹121.
What is the minimum amount required to apply for Sattrix IPO?
The minimum investment for retailers to apply for Sattrix IPO is ₹121,000 and the maximum investment is ₹121,000.
What is going on gray market premium of Sattrix IPO?
View gray market premium of Sattrix IPO by Clicking Here
How much is the GMP of Sattrix IPO?
Watch Sattrix IPO GMP Today: Click Here
What is the allotment date of Sattrix IPO?
The allotment date of Sattrix IPO is 10 June 2024.
How to check allotment status in Sattrix IPO?
To check the allotment status of Sattrix IPO, first of all go to the registrar website by clicking here, select your bad Sattrix IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Sattrix IPO?
The listing date of Sattrix IPO is 12 June 2024.
How much will be the listing gain in Sattrix IPO?
View listing gain of Sattrix IPO by Clicking Here
How much time Sattrix IPO is subscribed?
Total 70.44 times subscribed in Sattrix IPO out of which 37.76 times subscription was done in retail quota, 87.88 times subscription in NII quota.
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