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Sattrix Information Security IPO is a fixed price issue of ₹21.78 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹21.78 crore.
Sattrix Information Security IPO bidding started from Jun 5, 2024 and ended on Jun 7, 2024. The allotment for Sattrix Information Security IPO was finalized on Jun 10, 2024. The shares got listed on BSE SME on Jun 12, 2024.
Sattrix Information Security IPO price is ₹121.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,21,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,42,000.
ISK Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Sattrix Information Security IPO RHP for detailed Information.
| IPO Date | June 5, 2024 to June 7, 2024 |
| Listing Date | June 12, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,00,000 shares (aggregating up to ₹21.78 Cr) |
| Reserved for Market Maker | 92,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹1.11 Cr) |
| Net Offered to Public | 17,08,000 shares (aggregating up to ₹20.67 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,00,000 shares |
Sattrix IPO offers total 18,00,000 shares. Out of which 8,54,000 (47.44%) allocated to NII, 8,54,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 92,000 (5.11%) |
| NII (HNI) Shares Offered | 8,54,000 (47.44%) |
| Retail Shares Offered | 8,54,000 (47.44%) |
| Total Shares Offered | 18,00,000 (100.00%) |
Sattrix Information Security IPO opens on June 5, 2024, and closes on June 7, 2024.
| IPO Open Date | Wed, Jun 5, 2024 |
| IPO Close Date | Fri, Jun 7, 2024 |
| Tentative Allotment | Mon, Jun 10, 2024 |
| Initiation of Refunds | Tue, Jun 11, 2024 |
| Credit of Shares to Demat | Tue, Jun 11, 2024 |
| Tentative Listing Date | Wed, Jun 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 7, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,21,000 |
| Retail (Max) | 1 | 1,000 | ₹1,21,000 |
| HNI (Min) | 2 | 2,000 | ₹2,42,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
As of October 2023, the company had 145 employees on its payroll.
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 Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,462.28 | 2,567.06 | 1,449.07 | 950.32 |
| Total Income | 3,061.61 | 3,775.65 | 2,348.69 | 2,120.23 |
| Profit After Tax | 250.71 | 400.12 | 214.13 | 193.83 |
| Net Worth | 1,446.96 | 1,194.02 | 776.51 | 557.12 |
| Reserves and Surplus | 946.96 | 1,193.02 | 775.51 | 556.12 |
| Total Borrowing | 384.77 | 194.55 | 235.88 | 44.54 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Sattrix Information Security IPO is ₹82.28 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 18.99% |
| ROCE | 20.93% |
| Debt/Equity | 0.27 |
| RoNW | 17.33% |
| PAT Margin | 8.26% |
| Price to Book Value | 5.07 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.00 | 5.46 |
| P/E (x) | 15.12 | 22.18 |
The Objects of the Net Issue is to raise funds for:
[Dilip Davda] The company is engaged in providing customer centric cyber security solutions. It is operating in a highly competitive and fragmented segment. The company hopes to post higher earnings from rising export revenue that will rise to around 40-50% post expansion from current level of 10%. Based on FY24 annualized earnings, the issue appears fully priced. Small equity post-IPO indicates longer gestation for migration. Well-informed investors may park funds for the medium to long term. Read detail review...
| Listing Date | June 12, 2024 |
| BSE Script Code | 544189 |
| NSE Symbol | |
| ISIN | INE0QUV01010 |
| Final Issue Price | ₹121 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹150.00 |
| Low | ₹142.50 |
| High | ₹157.50 |
| Last Trade | ₹157.50 |
Sattrix Information Security Ltd.
28, Damubhai Colony,
Bhattha Paldi,
Ahmedabad, Gujarat, 380007
Phone: +91- 87358 25247
Email: cs@sattrix.com
Website: http://www.sattrix.com/
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 is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹21.78 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000.
The IPO opens on June 5, 2024, and closes on June 7, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sattrix Information Security IPO using UPI as a payment gateway. Zerodha customers can apply in Sattrix Information Security IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sattrix Information Security IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sattrix Information Security IPO opens on June 5, 2024 and closes on June 7, 2024.
Sattrix Information Security IPO lot size is 1000, and the minimum amount required for application is ₹1,21,000.
You can apply in Sattrix Information Security IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sattrix Information Security IPO will be done on Monday, June 10, 2024, and the allotted shares will be credited to your demat account by Tuesday, June 11, 2024. Check the Sattrix Information Security IPO allotment status.
The Sattrix Information Security IPO listing date is on Wednesday, June 12, 2024.
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