Sattrix Information Security Limited IPO (Sattrix IPO)

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:

  1. Assessment services: vulnerability assessment, penetration testing, red teaming, anti-phishing solutions, and application security services.
  2. 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.
  3. Hybrid IT services and solutions: On-premise and cloud infrastructures to meet the diverse needs of organizations and achieve agility, compliance, and efficiency.
  4. 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 Date05 June 2024
IPO Closing Date07 June 2024
Issue TypeFixed Price Issue IPO
Issue Size18,00,000  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 Lot1000 Shares
Min Order1000 Shares (1 Lot)
Listing AtBSE SME
RegisterKfin Technologies Limited
Other Shares Offered50%
Retail Shares Offered50%

Sattrix Information Security IPO – Date Schedule

IPO Open Date05 June 2024
IPO Close Date07 June 2024
Basis of Allotment10 June 2024
Initiation of Refund11 June 2024
Credit of Shares to Demat Account11 June 2024
IPO Listing Date12 June 2024
Cut-off time for UPI mandate confirmation5 PM on June 07, 2024

Sattrix Information Security IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11,000₹1,21,000
Retail (Maximum)11,000₹1,21,000
HNI (Minimum)22,000₹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

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202121.2018.431.930.44
31 March 202223.4820.812.142.35
31 March 202337.7532.244.001.94
31 December 202330.6127.032.503.84
Amount in ₹ Crores

Key Performance Indicator

PAT Margin (%)8.26
EPS (Rs)85.46
P/E (x)15.1222.18

Sattrix Information Security IPO Promoter Holding

Pre Issue Share Holding100.00%
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

Sattrix Information Security IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

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.
Share Market IPO App
Previous articleKronox Lab Sciences Limited IPO (Kronox Lab Sciences IPO)
Next article3C IT Solutions & Telecoms (India) Limited IPO (3C IT IPO)