Sattrix Information Security Limited IPO Detail
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:
- Assessment services: vulnerability assessment, penetration testing, red teaming, anti-phishing solutions and application security services.
- 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.
- Hybrid IT services and solutions: On-premise and cloud infrastructures to meet the diverse needs of organizations and achieve agility, compliance and efficiency.
- 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.
Company Promoters
Mr. Sachhin Kishorbhai Gajjaer and Mrs. Ronak Sachin GajjarIPO Details
| IPO Opening Date | Jun 05, 2024 |
| IPO Closing Date | Jun 07, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹121 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹21.78 Cr |
| Fresh Issue | ₹21.78 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.68x | 1.47x | 1.08x |
| Day 2 | 0.00x | 0.00x | 0.00x | 1.45x | 4.32x | 2.89x |
| Day 3 | 0.00x | 0.00x | 0.00x | 87.88x | 37.76x | 70.44x |
IPO Tentative Timetable
The Sattrix Information Security Limited IPO open date is Jun 05, 2024, and the close date is Jun 07, 2024. The issue may list on Jun 12, 2024.
| IPO Open Date | Jun 05, 2024 |
| IPO Close Date | Jun 07, 2024 |
| Basis of Allotment Date | Jun 10, 2024 |
| Initiation of Refunds | Jun 11, 2024 |
| Credit of Shares to Demat Account | Jun 11, 2024 |
| IPO Listing Date | Jun 12, 2024 |
IPO Lot Size
The Sattrix Information Security Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹121000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹121000 |
| Maximum | 1 | 1000 | ₹121000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 950.32 | 2120.23 | 193.83 |
| 31-Mar-22 | 1449.07 | 2348.69 | 214.13 |
| 31-Mar-23 | 2567.06 | 3775.65 | 400.12 |
| 31-Dec-23 | 2462.28 | 3061.61 | 250.71 |
Objects of the Issue:
The Objects of the Net Issue is to raise funds for:
- 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
Sattrix Information Security Limited IPO Registrar:
Bigshare Services Pvt Ltd
Sattrix Information Security Limited IPO Lead Manager(s):
Isk Advisors Pvt Ltd
Company Contact Information:
Sattrix Information Security Limited
28, Damubhai Colony,
Bhattha Paldi,
Ahmedabad - 380007
