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Sattrix Information Security IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

Sattrix Information Security IPO

The initial public offering (IPO) of Sattrix Information Security will open for subscription on June 05 and close on June 07, comprising fresh issues of Rs.21.78 Crore. An investor can apply for the issue for a minimum of 1000 shares and the listing will happen on June 12, 2024. 

#1. Quick Intro to Sattrix Information Security    

Sattrix Information Security Limited (2018) is in the business to develop customer-centric cybersecurity solutions to protect customers from cyber-attacks. The company offers Managed Security Services, Assessments & Advisory, and Professional Services tailored to customer’s needs. The company’s expert team provides monitoring, proactive threat detection, and rapid response. From vulnerability assessments to incident response, the company has niche service offerings in the cyber security domain. The company’s objective is to safeguard customer’s organizations against evolving cyber threats. Sattrix aims to deliver end-to-end cybersecurity services to enterprises in India, the Middle East (UAE) and the USA region.

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Sattrix Information Security    

The company intends to use the IPO Funds for the following purposes:

  1. Capital Expenditure for office furniture, etc.
  2. Business Development cost; Business expansion, new product. 
  3. Working capital requirement
  4. General corporate purposes and issue expenses. 

#3. Sattrix Information Security Core Strengths 

  1. Diversified Clients base
  2. A proactive approach to providing cyber security solutions
  3. Experienced promoters and management team

#4. Sattrix Information Security IPO Review & Rating

Issue Size  Rs.21.78 Crore
Issue Price  Rs.121 per share 
Minimum Lot Size 1000 Shares
Total Profit (Latest)  Rs.250.71 Lakhs
ROE 18.99%
RONW (%) 20.93%
Listing on BSE SME
IPO Deliver Rating One

 

#5. Sattrix Information Security IPO Dates, Price Band & Details

Sattrix Information Security IPO will open on June 05, 2024, and close on June 07, 2024. The IPO is to be listed on June 12, 2024.  

Type of issue Fixed  Issue IPO
Issue Size Rs.21.78 Crore
Price Brand Rs.121 per share
Face Value Rs. 10/- per share
IPO Open Date June 05, 2024
IPO Close Date June 07, 2024
IPO Allotment Date June 10, 2024
Refund Date June 11, 2024
Share Credit Date June 11, 2024
Listing Date June 12, 2024

 

#6. Sattrix Information Security IPO Offer Details

Sattrix Information Security IPO’s total issue size is 18,00,000 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 18,00,000 21.78
Offer for Sale (OFS)

 

#7. Sattrix Information Security Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period Dec 31, 2024, March 31, 2023 and March 31, 2022.

Category (Rs.) Dec 31, 2024 March 31, 2023 March 31, 2022
Total Revenue 3061.61 3775.65 2348.69
Net Worth 1446.96 1194.02 776.51
Profit 250.71 400.12 214.13
Total Borrowings 384.77 194.55 235.88

 

#8. Sattrix Information Security Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period Dec 31, 2023, 2023, March 31, 2023 and March 31, 2022. 

Category Dec 31, 2023 March 31, 2023 March 31, 2022
EPS (Rs.) 5.01 8.00 4.28
RoNW (%) 17.33 33.51 27.58
NAV (Rs.) 28.94 23.88

 

#9. Sattrix Information Security Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue

(Rs. in Lakhs)

RoNW (%) NAV(Rs.)
TAC Infosec 437.35 66.05 10.04
Dev Information Technology  120.00 21.71 18.78

 

#10. Sattrix Information Security Company Promoters 

The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoters
01. Sachhin Kirshorebhai Gajjaer
02. Ronak Sachin Gaggaer 

 

#11. Sattrix Information Security Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  100%
Post-issue

 

#12. Sattrix Information Security IPO Reservation Details

Sattrix Information Security IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
Others Shares Offered 50% of the Net Issue
Retail Shares Offered 50% of the Net Issue 

 

#13. Sattrix Information Security IPO – Lot Size

An investor can apply for a minimum of 1000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 1000 1,21,000
Retail (Max.) 1 1000 1,21,000
HNI (Min.) 2 2000 2,42,000

 

#14. Sattrix Information Security IPO – Prospectus Copy

An investor can download/view the Sattrix Information Security prospectus copy, which the company filed to exchange, details are as follows. 

Sattrix Information Security IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Sattrix Information Security IPO Registrar 

Bigshare Services Private Limited 

Website: www.bigshareonline.com 

#16. Sattrix Information Security IPO Lead Managers

Isk Advisors Private Limited 

Website; www.iskadvisors.com 

#17. Sattrix Information Security IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Sattrix Information Security IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Sattrix Information Security Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Sattrix Information Security Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Sattrix Information Security Company Details

Sattrix Information Security Limited 

Registered Office: 28, Damubhai Colony, Bhattha Paldi, Ahmedabad-380007

Email: cs@sattrix.com 

Website: www.sattrix.com 

Investor Grievances/Compliance Officer: Rina Kumari

#19. Sattrix Information Security Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01.
02.

 

#20. Sattrix Information Security Company Board (Top 2)

Sr. No. Name of Directors
01. Sachhin Kirshorebhai Gajjaer
02. Ronak Sachin Gaggaer 

 

Sattrix Information Security IPO – Frequently Asked Questions (FAQs)

#1. What is a Sattrix Information Security IPO?

Sattrix Information Security brings its IPO of Rs. 21.78 Crore, on June 05, 2024, with a price band of Rs.121 per share.

 

#2. What is the Sattrix Information Security IPO Open date?

Sattrix Information Security IPO’s opening date is June 05, 2024.

 

#3. What is the Sattrix Information Security IPO Close Date?

Sattrix Information Security IPO’s closing date is June 07, 2024.

 

#4. What is the Sattrix Information Security IPO Listing date?

Sattrix Information Security’s IPO listing date is June 12, 2024.

 

#5. What is the Sattrix Information Security IPO Minimum investment amount?

Sattrix Information Security IPO’s minimum investment amount is Rs. 1,21,000.

 

#6. What is the Sattrix Information Security IPO offer issue Size?

Sattrix Information Security offers an issue size of Rs. 21.78 Crore.

 

#7. What is the Sattrix Information Security IPO Price Band?

Sattrix Information Security’s IPO price band is Rs.121 per share.

 

#8. Is Sattrix Information Security  IPO mainboard IPO or SME IPO?

Sattrix Information Security IPO is an SME IPO.

 

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