IPO Details
Bidding Dates
05 Jun '24 - 07 Jun '24
Minimum Investment
₹121,000 / 1 Lot ( 1,000 Shares )
Price Range
₹121
Maximum Investment
₹121,000 / 1 Lot ( 1,000 Shares )
Retail Discount
To be announced
Issue Size
₹21.78 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Jun 5, 2024
IPO Closing Date
Jun 7, 2024
Basis of Allotment
Jun 10, 2024
Initiation of Refunds
Jun 11, 2024
Credit of Shares to Demat
Jun 11, 2024
IPO Listing Date
Jun 12, 2024
Cut-off time for UPI mandate confirmation
Jun 7, 2024
About Sattrix Information Security Limited
Sattrix Information Security Limited was established on September 16, 2013, and has since become a key player in creating tailored cybersecurity solutions. The company focuses on delivering comprehensive services to enterprises across India, the USA, and the Middle East (UAE).
With over ten years of expertise, Sattrix has become a reliable partner in offering a broad spectrum of cybersecurity services designed to safeguard organisational data from unauthorised access and various security threats.
The company’s data security strategies are crafted to minimise privacy risks and enhance the security of business operations. Whether implementing solutions on the cloud or on-premise, Sattrix customises its offerings to meet specific client needs.
Utilising the finest technologies available, the company is committed to developing flexible cybersecurity solutions that can continuously evolve and adjust to meet changing client requirements.
Industry Outlook:
- The Indian cybersecurity market is experiencing rapid growth, with an expected CAGR of 18.33% by 2028, driven by increasing digitalisation and rising cyber threat awareness.
- The market is dominated by major players like Palo Alto Networks and IBM, emphasising expansion into international markets to leverage their established reputations.
Sattrix Information Security Limited IPO Details
Sattrix Information Security Limited IPO Dates
Sattrix Information Security IPO is open from June 5, 2024, to June 7, 2024. The IPO will be listed on BSE SME.
Sattrix Information Security Limited IPO Price Band
Sattrix Information Security is a fixed price issue IPO. The price band is set at ₹121 per share.
Sattrix Information Security Limited IPO Lot Size
The lot size for Sattrix Information Security Limited’s IPO is 1,000 shares with a minimum investment of ₹1,21,000.
Sattrix Information Security Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Capital Expenditure:
- To meet out expenses for Purchasing Furniture, fixtures and air conditioning for new office at Ahmedabad
- 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:
- Development of New Products and Technology
- Other Business Expansion Cost
- Additional Working Capital Requirement
- General Corporate Purpose
Peer Details
The companies considered by Sattrix Information Security as its peers include:
- Systango Technologies Limited
- Dev Information Technology Ltd
- Tac Infosec Limited
How to Check the Allotment Status of the Sattrix Information Security Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the Individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Contact Details of Sattrix Information Security Limited IPO
- Registered office: 28, Damubhai Colony, Bhattha Paldi, Ahmedabad- 380007 Gujarat, India
- Phone: +91 87358 25247
- E-mail:cs@sattrix.com
IPO Financials
| Particulars | For the nine Months Period Ended December 31, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Total Revenue (in ₹ lakh) | 2,771.50 | 3,775.65 | 2,348.69 | 2,120.23 |
| Profit After Tax (PAT) (in ₹ lakh) | 250.71 | 400.12 | 214.13 | 193.83 |
| Cash & Cash Equivalents (in ₹ lakh) | 171.05 | 154.07 | 66.68 | 83.53 |
| Net Worth (in ₹ lakh) | 1446.96 | 1,194.02 | 776.51 | 557.12 |
| Total Borrowings (in ₹ lakh) | 384.77 | 194.55 | 235.88 | 44.54 |
| Return on Net Worth (RoNW) (%) | 17.33% | 33.51% | 27.58% | 34.79% |
| Earning Per Share (EPS)-in absolute ₹ | 5.01 | 8.00 | 4.28 | 3.88 |
Know before investing
Strengths
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Sattrix boasts a decade of IT expertise through its seasoned promoter and a team adept in navigating operational challenges and capitalising on market opportunities.
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The company enjoys a diversified client base, enhancing stability and growth potential by servicing a wide array of sectors and fostering long-term client relationships.
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Sattrix employs a proactive strategy in cybersecurity, using advanced technology and flexible methods to offer comprehensive solutions tailored to dynamic client needs.
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With a strategic presence in the expanding markets of the Middle East and North America, Sattrix is well-positioned to understand and leverage local business environments effectively.
Risks
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The company faces challenges in hiring and retaining skilled IT professionals. Increased competition and high demand may hinder growth and operational capabilities.
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Operating in multiple countries exposes the company to diverse legal and regulatory environments, geopolitical tensions, and currency fluctuations, potentially impacting profitability and operations.
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Employee benefits expenses, constituting 18.15% of revenue as of October 2023, significantly impact the company's profitability, especially during revenue fluctuations or project slowdowns.
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The company's reliance on a small number of key customers, with the top 10 customers contributing 18.88% of revenue as of October 2023, poses risks of revenue loss if these relationships falter.
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Sattrix Information Security Limited IPO FAQs
Sattrix Information Security Limited IPO is a fixed price IPO. The IPO will be open from June 5, 2024, to June 7, 2024.
The Basis of Allotment will happen on Monday, June 10, 2024.
The IPO subscription window will open on June 5, 2024.
The lot size for Sattrix Information Security Limited’s IPO is 1,000 shares with a minimum investment of ₹1,21,000.
The listing date for Sattrix Information Security is Wednesday, June 12, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
