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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.

 Sattrix Information Security IPOUnited Cotfab IPO
LogoSattrix Information Security IPO LogoUnited Cotfab IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersISK Advisors Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

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 (Lower)
Issue Price (Upper)
Issue Price (Final)₹121.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
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
Anchor Bid Date
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
Anchor Lockin End date 1
Anchor Lockin End date 2

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

Sattrix Information Security Limited Financial Information (Restated Consolidated)

Sattrix Information Security Limited's revenue increased by 60.76% and profit after tax (PAT) rose by 86.86% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,462.282,567.061,449.07950.32
Total Income3,061.613,775.652,348.692,120.23
Profit After Tax250.71400.12214.13193.83
Net Worth1,446.961,194.02776.51557.12
Reserves and Surplus946.961,193.02775.51556.12
Total Borrowing384.77194.55235.8844.54
Amount in ₹ Lakhs

United Cotfab Limited Financial Information (Restated)

United Cotfab Limited's revenue increased by 17945.52% and profit after tax (PAT) rose by 6121.46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets8,168.465,367.711,559.95107.10
Total Income11,552.7464.021.88
Profit After Tax866.6513.931.60-0.11
Net Worth1,356.42993.56681.970.22
Reserves and Surplus188.10
Total Borrowing4,750.933,821.18773.47106.50
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)69.84
P/E Ratio15.129.7
Market Cap₹82.28 Cr.₹120.33 Cr.
ROE18.99%72.76%
ROCE20.93%26.95%
Debt/Equity0.273.42
EPS₹8.00₹7.22
RoNW17.33%63.89%

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
Anchor Investor Reserveration
Market Maker Reserveration92,000 shares2,60,000 shares
QIB
NII8,54,000 shares24,62,000 shares
RII8,54,000 shares24,62,000 shares
Employee
Others
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
QIB (times)
NII (times)87.88x114.71x
Big NII (times)
Small NII (times)
RII (times)37.76x77.22x
Employee (times)
Other (times)
Total (times)70.44x107.16x