Sattrix Information Security Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 5, 2024 to June 7, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 121 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 18,00,000 shares (aggregating up to ₹ 21.78 Cr) |
| Fresh Issue | 18,00,000 shares (aggregating up to ₹ 21.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 50,00,000 |
| Share holding post issue | 68,00,000 |
| Market Maker portion | 92,000 shares Sunflower Broking |
About Sattrix Information Security Limited IPO
Sattrix Information Security Limited is in the business of developing customer-centric cybersecurity solutions, they aim to deliver end-to-end cybersecurity services to enterprises in India, the USA and the Middle East (UAE). With a decade of experience, the company has established itself as a trusted partner in providing a comprehensive range of cybersecurity solutions. They help organizations to protect their data from unauthorized access and protect against security threats. Their data security solutions aim to eliminate data privacy risks to make business processes secure and run smoothly. They design and build data security solutions on the cloud and on-premise based on the client’s requirements.
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 be listed on BSE SME with a tentative listing date fixed as Wednesday, June 12, 2024. Sattrix's IPO price is ₹121 per share. The minimum lot size for an application is 1000 Shares. 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.
Sattrix IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Company & Financials
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:
- 1. Assessment services: Vulnerability assessment, penetration testing, red teaming, anti-phishing solutions and application security services.
- 2. IT infrastructure management: IT infrastructure security services provide a comprehensive overview of modern IT infrastructure and enable better and faster threat detection, response and mitigation, using different technologies best suited to each organization.
- 3. Hybrid IT services and solutions: On-premise and cloud infrastructures to meet the diverse needs of organizations and achieve agility, compliance and efficiency.
- 4. Managed Security Services (MSS): Vulnerability Management, SOC (Incident Response), Endpoint Detection & Response (Managed EDR), Help Desk / Tech Support, IT Infrastructure Security and Cybersecurity Compliance Services.
Objectives of Sattrix IPO
The Objectives of the Net Issue is to raise funds for:
- 1. Capital Expenditure:
- (a) To meet our expenses for Purchasing Furniture, fixtures & air conditioning for a new office in Ahmedabad.
- (b)To purchase and install IT equipment, computer hardware, server, SAN storage, CCTV cameras, video conferencing equipment, networking (LAN) and other equipment.
- 2. Business Expansion Cost:
- (a) Development of New Products & Technology.
- (b) Other Business Expansion Cost.
- 3. Additional Working Capital Requirement.
- 4. General Corporate Purpose.
Sattrix Limited IPO Review
The company is engaged in providing customer-centric cybersecurity solutions. It is operating in a highly competitive and fragmented segment. The company hopes to post higher earnings from rising export revenue that will rise to around 40-50% post-expansion from the current level of 10%. Based on FY24 annualized earnings, the issue appears fully priced. Small equity post-IPO indicates longer gestation for migration. Well-informed investors may park funds for the medium to long term.
Sattrix Information Security Limited IPO Financial Information
Latest Revenue
3,061.61
₹ Crore
Profit After Tax
250.71
₹ Crore
Net Worth
1,446.96
₹ Crore
Total Borrowing
384.77
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 2,462.28 | 3,061.61 | 250.71 | 1,446.96 | 384.77 | ||||
| 31 Mar 2023 | 2,567.06 | 3,775.65 | 400.12 | 1,194.02 | 194.55 | ||||
| 31 Mar 2022 | 1,449.07 | 2,348.69 | 214.13 | 776.51 | 235.88 | ||||
| 31 Mar 2021 | 950.32 | 2,120.23 | 193.83 | 557.12 | 44.54 | ||||
| Amount in ₹ Crore | |||||||||
Sattrix Information Security Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.99% |
| ROCE | 20.93% |
| Debt/Equity | 0.27 |
| RoNW | 17.33% |
| P/BV | 5.07 |
| PAT Margin (%) | 8.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8 | 5.46 |
| P/E (x) | 15.12 | 22.18 |
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Competitive Strengths
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Sattrix Information Security Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹121,000 |
| Retail (Max) | 1 | 1,000 | ₹121,000 |
| HNI (Min) | 2 | 2,000 | ₹242,000 |