Sattrix Information Security Limited was founded in 2013 and develops customer-oriented cyber security solutions.
The company designs and builds data security solutions in the cloud and on-premise based on the client’s requirements. The company’s service list includes:
- Assessment services: vulnerability assessment, penetration testing, red teaming, anti-phishing solutions, and application security services.
- IT infrastructure management: IT infrastructure security services provide a comprehensive overview of a modern IT infrastructure and enable better and faster threat detection, response, and mitigation, using different technologies best suited to each organization.
- Hybrid IT services and solutions: On-premise and cloud infrastructures to meet the diverse needs of organizations and achieve agility, compliance, and efficiency.
- Managed Security Services (MSS): Vulnerability Management, SOC (Incident Response), Endpoint Detection & Response (Managed EDR), Helpdesk / Tech Support, IT Infrastructure Security and Cybersecurity Compliance Services.
As of October 2023, the company had 145 employees on its payroll.
Sattrix Information Security IPO – Details
| IPO Opening Date | 05 June 2024 |
| IPO Closing Date | 07 June 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 18,00,000 Shares Worth ₹21.78 Crore Fresh Issue: 18,00,000 Shares Worth ₹21.78 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹121 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Kfin Technologies Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Sattrix Information Security IPO – Date Schedule
| IPO Open Date | 05 June 2024 |
| IPO Close Date | 07 June 2024 |
| Basis of Allotment | 10 June 2024 |
| Initiation of Refund | 11 June 2024 |
| Credit of Shares to Demat Account | 11 June 2024 |
| IPO Listing Date | 12 June 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 07, 2024 |
Sattrix Information Security IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1,000 | ₹1,21,000 |
| Retail (Maximum) | 1 | 1,000 | ₹1,21,000 |
| HNI (Minimum) | 2 | 2,000 | ₹2,42,000 |
Competitive Strengths
- Qualified and experienced promoters & employees.
- Diversified client base.
- A proactive approach to providing cyber security solutions using modern technology and adapting to the changing requirements of the client.
- Geographical presence in growing markets like the Middle East and North America.
Company Promoters
- Mr. Sachhin Kishorbhai Gajjar
- Mr. Ronak Sachin Gajjar
Object 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
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 21.20 | 18.43 | 1.93 | 0.44 |
| 31 March 2022 | 23.48 | 20.81 | 2.14 | 2.35 |
| 31 March 2023 | 37.75 | 32.24 | 4.00 | 1.94 |
| 31 December 2023 | 30.61 | 27.03 | 2.50 | 3.84 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.99% |
| ROCE | 20.93% |
| Debt/Equity | 0.27 |
| RoNW | 17.33% |
| P/BV | 5.07 |
| PAT Margin (%) | 8.26 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 8 | 5.46 |
| P/E (x) | 15.12 | 22.18 |
Sattrix Information Security IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Sattrix Information Security IPO Prospectus
Company Contact Information
| Sattrix Information Security Limited 28, Damubhai Colony, Bhattha Paldi, Ahmedabad – 380007 Phone: +91- 87358 25247 Email: cs@sattrix.com Website: http://www.sattrix.com/ |
Sattrix Information Security IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Sattrix Information Security IPO Lead Manager(s)
| 1. Isk Advisors Pvt Ltd |
Sattrix Information Security IPO FAQs
| What is Sattrix Information Security IPO? Sattrix Information Security IPO is a SME IPO. The issue is priced at ₹121 per equity share. The IPO is to be listed on NSE SME. |
| When Sattrix Information Security IPO will open? The IPO is to open on 05 June 2024 for OTHER – 50% and Retails – 50% Investors. |
| How to Sattrix Information Security IPO? You can apply for Sattrix Information Security IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Sattrix Information Security IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sattrix Information Security”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Sattrix Information Security IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sattrix Information Security”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Sattrix Information Security IPO Size? Sattrix Information Security IPO size is ₹21.78 crores. |
| What is Sattrix Information Security IPO Price Band? Sattrix Information Security IPO Price Band is ₹121. |
| What is Sattrix Information Security IPO Minimum and Maximum Lot Size? The minimum bid is 1000 Shares with ₹1,21,000 amount while the maximum bid is 1000 shares with ₹1,21,000. |
| What is the Sattrix Information Security IPO Allotment Date? Sattrix Information Security IPO allotment date is 10 June 2024. |
| What is the Sattrix Information Security IPO Listing Date? Sattrix Information Security IPO listing date is 12 June 2024. The IPO is to list on NSE SME. |
