Sattrix Information Security IPO (Sattrix IPO) Review

 
Sattrix IPO Review

IPO Open Date: June 5, 2024June 5, 2024

IPO Close Date: June 7, 2024

IPO Price: ₹121 per share

Lot Size: 1000 Shares

Listing: June 12, 2024

Sattrix is scheduled to hit the market on June 05, 2024 and close on June 07, 2024. Sattrix plans to raise around ₹21.78 Cr through an IPO with a sale of up to 1,800,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.

Sattrix Information Security, established in 2013, specializes in developing tailored cyber security solutions for its clientele. Their expertise lies in crafting data security solutions that operate both in the cloud and on-premise, precisely tailored to meet the specific needs of each client. Their comprehensive service portfolio includes assessment services such as vulnerability assessment, penetration testing, red teaming, anti-phishing solutions, and application security services. Additionally, they offer IT infrastructure management services that provide a holistic view of modern IT setups, enabling swift threat detection, response, and mitigation through a range of suitable technologies.

Furthermore, Sattrix Information Security offers hybrid IT services and solutions, blending on-premise and cloud infrastructures to cater to diverse organizational requirements. This approach not only ensures agility and compliance but also enhances operational efficiency. The company's Managed Security Services (MSS) encompass a wide array of offerings, including Vulnerability Management, SOC (Incident Response), Endpoint Detection & Response (Managed EDR), Helpdesk / Tech Support, IT Infrastructure Security, and Cybersecurity Compliance Services. With 145 dedicated employees as of October 2023, Sattrix continues to be a reliable partner for businesses seeking robust cyber security solutions tailored to their unique needs.

Sattrix



Sattrix IPO Details

Sattrix IPO opens on June 05, 2024, and closes on June 07, 2024. The Listing date for Sattrix IPO is on June 12, 2024. The price band for IPO is ₹121 per share and lot size of 1000 Shares.

IPO DateJune 05, 2024 to June 07, 2024
Listing DateJune 12, 2024
Price₹121 per share
Lot Size1000 Shares
Issue Size₹21.78 Cr
Face Value₹10 per share

Sattrix IPO Tentative Timetable

Sattrix opening date is June 05, 2024 and close date is June 07, 2024. The IPO allotment date is June 10, 2024. The refund initiation of IPO is on June 11, 2024. The credit of shares in demat account is on June 11, 2024. The listing date is on June 12, 2024.

EventDate
IPO OpeningJune 05, 2024
IPO ClosingJune 07, 2024
IPO Allotment DateJune 10, 2024
Refund InitiationJune 11, 2024
Shares Credit to DematJune 11, 2024
Lisiting DateJune 12, 2024

Sattrix IPO Lot Size

Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹121,000).

CategoryLotsSharesAmount
Retail(Minimum)11000₹121,000
Retail(Maximum)11000₹121,000
HNI (Minimum)22000₹242,000

Sattrix IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding

Sattrix IPO Review

Sattrix Information Security Ltd is set to launch its IPO with a fresh issue component, issuing a total of 18,00,000 shares at a fixed price of ₹121 per share, aiming to raise a substantial amount of ₹21.78 crore. Notably, the IPO solely consists of a fresh issue portion without any Offer for Sale (OFS) segment, highlighting the company's strategy to utilize the funds raised for internal growth and expansion activities. The absence of an OFS portion means that the fresh issue size will effectively represent the overall IPO size, providing investors with a clear understanding of the company's capital-raising objectives.

The financial performance of Sattrix Information Security Ltd over the past three fiscal years has been remarkable, with notable growth in net revenues and profit figures. The company reported a significant increase in sales, with a Sales Growth rate of 59.54% in the latest fiscal year FY23. Furthermore, the company achieved a Profit After Tax (PAT) margin of 10.93% and a Return on Equity (ROE) of 33.51% in the same period, indicating strong financial health and operational efficiency. These key financial metrics position Sattrix Information Security Ltd as an attractive investment opportunity for individuals looking to capitalize on the burgeoning cybersecurity sector.

Investors participating in the IPO will have the opportunity to invest in minimum lot sizes of 1,000 shares for retail investors and 2 lots comprising 2,000 shares for High Net-worth Individuals (HNIs), with corresponding minimum investment values of ₹1,21,000 and ₹2,42,000 respectively. The absence of an upper limit on investments for Qualified Institutional Buyers (QIBs) and HNIs underscores the potential for substantial investments in the IPO. With a strong market maker allocation of 92,000 shares and an enticing breakdown of shares allocated to different investor categories, Sattrix Information Security Ltd's IPO presents a lucrative investment proposition for individuals seeking exposure to a company with robust financial performance and growth prospects in the cybersecurity domain.

Sattrix IPO Subscription Status (Bidding Details)

Table not found

Sattrix IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Sattrix IPO FAQs

What is Sattrix IPO?

Sattrix is issuing 1,800,000 equity shares with a face value of 10 each, totaling up to ₹21.78 Cr. The shares are being offered at a price of ₹121 each, with a minimum order quantity of 1000 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Sattrix IPO will open?

Sattrix will open on June 05, 2024 for QIB, NII, and Retail Investors.

When Sattrix IPO will end?

Sattrix will end on June 07, 2024.

What is Sattrix IPO Size?

Sattrix IPO size is 21.78 Cr.

What is Sattrix IPO Price Band?

Sattrix price band is ₹121 per share.

What is the Sattrix IPO Allotment Date?

Sattrix allotment date is June 10, 2024.

What is the Sattrix IPO Listing Date?

Sattrix listing date is June 12, 2024. The IPO is to be listed on BSE and NSE.

How to Sattrix IPO through Zerodha?

To apply for the IPO “Sattrix” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Sattrix IPO through Upstox?

To apply for the IPO “Sattrix” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Sattrix IPO Allotment Status?

For Sattrix IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Sattrix IPO GMP?

You can check out here: Sattrix IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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