Fixed Price IPO | ₹22 Cr | Listed at BSE SME | Wed, Jun 5, 2024 - Fri, Jun 7, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Jun 5, 2024
IPO Close
Fri, Jun 7, 2024
Issue Price
₹121 per share
Market Cap (Pre-IPO)
₹82.28 Cr
| IPO Date | 5 to 7 Jun, 2024 |
| Listed on | Wed, Jun 12, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,00,000 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 92,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 17,08,000 shares (agg. up to ₹21 Cr) |
| Net Offered to Public | 17,08,000 shares (agg. up to ₹21 Cr) |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,00,000 shares |
| BSE Script Code | 544189 |
| ISIN | INE0QUV01010 |
Sattrix Information Security IPO comprises a total issue size of 18,00,000 shares. The net offer to the public is 17,08,000 shares, after excluding 92,000 shares allotted on a firm basis. Of the Net offer 8,54,000 (50.00%) allocated to NII 8,54,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,54,000 | 50.00% | 47.44% |
| Retail Shares Offered | 8,54,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 92,000 | 5.11% | |
| Total Shares Offered | 18,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 24.62 | 25.67 | 14.49 | 9.50 |
| Total Income | 30.62 | 37.76 | 23.49 | 21.20 |
| Profit After Tax | 2.51 | 4.00 | 2.14 | 1.94 |
| NET Worth | 14.47 | 11.94 | 7.77 | 5.57 |
| Reserves and Surplus | 9.47 | 11.93 | 7.76 | 5.56 |
| Total Borrowing | 3.85 | 1.95 | 2.36 | 0.45 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure: (a) To meet out expenses for Purchasing Furniture, fixture & air conditioning for new office at Ahmedabad | 2.52 |
| 2 | Capital Expenditure: (b) To purchase and Installation of IT equipment, computer hardware, server, SAN storage, CCTV cameras, video conferencing equipment, networking (LAN) and other equipment | 2.18 |
| 3 | Business Expansion Cost : (a) Development of New Product & Technology | 7.56 |
| 4 | Business Expansion Cost : (b) Other business expansion cost | 2.12 |
| 5 | Additional Working Capital Requirement | 2.50 |
| 6 | General Corporate Purpose | 2.92 |
| KPI | Dec 31, 2023 |
|---|---|
| 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 (₹) | 8.00 | 5.46 |
| P/E (x) | 15.12 | 22.18 |
| Promoter Holding | 100.00% | |
| Market Cap | ₹82.28 Cr. |
The Sattrix Information Security IPO is subscribed 70.44 times on June 7, 2024 6:19:08 PM (Day 3). The public issue subscribed 37.76 times in the retail category, [.] times in the QIB category, and 103.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 103.13 | 8,54,000 | 8,80,76,000 |
| Retail | 37.76 | 8,54,000 | 3,22,44,000 |
| Total | 70.44 | 17,08,000 | 12,03,20,000 |
Total Applications: 44,837
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars, underwriters and other out of pocket expenses. | 1.35 |
| 2 | Brokerage and selling commission | 0.28 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.05 |
| 4 | Advertisement and Marketing Expenses | 0.25 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹150.00 |
| Low | ₹142.50 |
| High | ₹157.50 |
| Last Trade | ₹157.50 |
Lead Manager Reports
Sattrix Information Security IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000.
The IPO opens on Wed, Jun 5, 2024, and closes on Fri, Jun 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 Wed, Jun 5, 2024 and closes on Fri, Jun 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 Tue, Jun 11, 2024. Check the Sattrix Information Security IPO allotment status.
The Sattrix Information Security IPO listing date is on Wed, Jun 12, 2024.
