Sattrix IPO is a fixed price issue of Rs 21.78 crores. The issue is entirely a fresh issue of 18 lakh shares.
Sattrix IPO opens for subscription on June 5, 2024 and closes on June 7, 2024. The allotment for the Sattrix IPO is expected to be finalized on Monday, June 10, 2024. Sattrix IPO will list on BSE SME with tentative listing date fixed as Wednesday, June 12, 2024.
Sattrix IPO price is ₹121 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹121,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹242,000.
Isk Advisors Pvt Ltd is the book running lead manager of the Sattrix IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Sattrix IPO is Sunflower Broking.
Refer to Sattrix IPO RHP for detailed information.
Sattrix IPO Details
| IPO Date | June 5, 2024 to June 7, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹121 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,800,000 shares (aggregating up to ₹21.78 Cr) |
| Fresh Issue | 1,800,000 shares (aggregating up to ₹21.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,000,000 |
| Share holding post issue | 6,800,000 |
| Market Maker portion | 92,000 shares Sunflower Broking |
Sattrix IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Sattrix IPO Timeline (Tentative Schedule)
Sattrix IPO opens on June 5, 2024, and closes on June 7, 2024.
| IPO Open Date | Wednesday, June 5, 2024 |
| IPO Close Date | Friday, June 7, 2024 |
| Basis of Allotment | Monday, June 10, 2024 |
| Initiation of Refunds | Tuesday, June 11, 2024 |
| Credit of Shares to Demat | Tuesday, June 11, 2024 |
| Listing Date | Wednesday, June 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 7, 2024 |
Sattrix IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
| HNI (Min) | 2 | 2,000 | ₹242,000 |
| Lot Size Calculator | |||
Sattrix IPO Promoter Holding
Mr. Sachhin Kishorbhai Gajjaer and Mrs. Ronak Sachin Gajjar are the promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
About Sattrix Information Security Limited
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.
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 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 |
| Revenue | 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 | ||||
Key Performance Indicator
The market capitalization of Sattrix IPO is Rs 82.28 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 18.99% |
| ROCE | 20.93% |
| Debt/Equity | 0.27 |
| RoNW | 17.33% |
| P/BV | 5.07 |
| PAT Margin (%) | 8.26 |
Check Sattrix IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8 | 5.46 |
| P/E (x) | 15.12 | 22.18 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of October 31, 2023 that is available in RHP.
Objects of the Issue (Sattrix IPO Objectives)
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 IPO Prospectus
Sattrix Information Security Limited Contact Details
Sattrix Information Security Limited
28, Damubhai Colony,
Bhattha Paldi,
Ahmedabad – 380007
Phone: +91- 87358 25247
Email: cs@sattrix.com
Website: http://www.sattrix.com/
Sattrix IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html