Sattrix Information Security IPO vs United Cotfab IPO

Comparison between Sattrix Information Security IPO and United Cotfab IPO.

IPO Details

Sattrix Information Security IPO is a SME Fixed Price IPO proposed to list at BSE SME while United Cotfab IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Sattrix Information Security IPO is up to ₹20.67 Cr whereas the issue size of the United Cotfab IPO is up to ₹34.47 Cr. The final issue price of Sattrix Information Security IPO is ₹121.00 per share and of United Cotfab IPO is ₹70.00 per share.

 Sattrix Information Security IPOUnited Cotfab IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹121.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares2000 shares
Fresh Issue Size17,08,000 shares49,24,000 shares
Fresh Issue Size (Amount)up to ₹20.67 Crup to ₹34.47 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total17,08,000 shares49,24,000 shares
Issue Size Total (Amount)up to ₹20.67 Crup to ₹34.47 Cr

IPO Timetable

Sattrix Information Security IPO opens on Jun 05, 2024, while United Cotfab IPO opens on Jun 13, 2024. The closing date of Sattrix Information Security IPO and United Cotfab IPO is Jun 07, 2024, and Jun 19, 2024, respectively.

 Sattrix Information Security IPOUnited Cotfab IPO
Issue OpenJun 05, 2024Jun 13, 2024
Issue CloseJun 07, 2024Jun 19, 2024
Basis Of Allotment (Tentative)Jun 10, 2024Jun 20, 2024
Initiation of Refunds (Tentative)Jun 11, 2024Jun 21, 2024
Credit of Share (Tentative)Jun 11, 2024Jun 21, 2024
Listing date (Tentative)Jun 12, 2024Jun 24, 2024

Financials & KPIs

Sattrix Information Security IPO P/E ratio is 15.12, as compared to United Cotfab IPO P/E ratio of 9.7.

 Sattrix Information Security IPOUnited Cotfab IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets24.6225.6714.499.50
Total Income30.6237.7623.4921.20
Profit After Tax2.514.002.141.94
NET Worth14.4711.947.775.57
Reserves and Surplus9.4711.937.765.56
Total Borrowing3.851.952.360.45
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets81.6853.6815.601.07
Total Income115.530.640.02
Profit After Tax8.670.140.02-0.00
NET Worth13.569.946.820.00
Reserves and Surplus1.88
Total Borrowing47.5138.217.731.07
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)73.53%69.84%
P/E Ratio15.129.7
Market Cap₹82.28 Cr.₹120.33 Cr.
ROE18.9972.76
ROCE20.9326.95
Debt/Equity0.273.42
EPS₹8.00₹7.22
RoNW17.3363.89

Shares Offered

In the Sattrix Information Security IPO Retail Individual Investors (RII) are offered 8,54,000 shares while in United Cotfab IPO retail investors are offered 8,54,000 shares. Qualified Institutional Buyers (QIB) are offered in Sattrix Information Security IPO and in United Cotfab IPO.

 Sattrix Information Security IPOUnited Cotfab IPO
Market Maker Reservation92,000 shares2,60,000 shares
NII8,54,000 shares24,62,000 shares
RII8,54,000 shares24,62,000 shares
Total17,08,000 shares49,24,000 shares

Bids Received (Subscription)

Sattrix Information Security IPO subscribed 70.44x in total, whereas United Cotfab IPO subscribed 107.16x.

 Sattrix Information Security IPOUnited Cotfab IPO
NII (times)103.13x137.11x
RII (times)37.76x77.22x
Total (times)70.44x107.16x

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