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
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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 |
|---|---|---|---|
| Total Revenue (in ₹ lakh) | 2,771.50 | 3,775.65 | 2,348.69 |
| Profit After Tax (PAT) (in ₹ lakh) | 250.71 | 400.12 | 214.13 |
| Cash & Cash Equivalents (in ₹ lakh) | 171.05 | 154.07 | 66.68 |
| Net Worth (in ₹ lakh) | 1446.96 | 1,194.02 | 776.51 |
| Total Borrowings (in ₹ lakh) | 384.77 | 194.55 | 235.88 |
| Return on Net Worth (RoNW) (%) | 17.33% | 33.51% | 27.58% |
| Earning Per Share (EPS)-in absolute ₹ | 5.01 | 8.00 | 4.28 |
Know before investing
Strengths
4Sattrix boasts a decade of IT expertise through its seasoned promoter and a team adept in navigating operational challenges and capitalising on market opportunities.
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.
Sattrix employs a proactive strategy in cybersecurity, using advanced technology and flexible methods to offer comprehensive solutions tailored to dynamic client needs.
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
4The company faces challenges in hiring and retaining skilled IT professionals. Increased competition and high demand may hinder growth and operational capabilities.
Operating in multiple countries exposes the company to diverse legal and regulatory environments, geopolitical tensions, and currency fluctuations, potentially impacting profitability and operations.
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.
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.
