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Sattrix Information Security IPO

  • Status: Closed
  • RHP:
  • ₹ 121,000 / 1000 shares

    Minimum Investment

IPO Details

  • Open Date

    05 Jun 2024

  • Close Date

    07 Jun 2024

  • IPO Price Range

    ₹ 121

  • IPO Size

    ₹ 21.78 Cr

  • Listing Exchange

    BSE SME

  • Listing Date

    12 Jun 2024

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IPO Timeline

Sattrix Information Security IPO Subscription Status

Last Updated: 25 June 2024 4:39 PM by 5Paisa

Last Updated: 07th June, 2024 by 5paisa

Sattrix Information Security IPO is all set to open from 5th June to 7th June 2024. The company develops customer-centric cyber security solutions. The IPO includes a fresh issue of 1,800,000 shares worth ₹21.78 cr. The share allotment date is 10th June 2024, and the IPO will be listed on 12th June 2024 on the stock exchanges. The price band is ₹121 and the lot size is 1000 shares.    

ISK Advisors Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Sattrix Information Security IPO:

Sattrix Information Security Limited plans to utilize the raised capital from the IPO to:
●    To fund the capital expenditure requirement for buying furniture, fixtures & air conditioning for the  new office at Ahmedabad
●    To fund the capital expenditure requirement for buying and installing IT equipment, computer hardware, server, SAN storage, CCTV cameras, video conferencing equipment, networking (LAN), etc.
●    To fund business expansion.
●    To fund the working capital requirement.
●    General corporate purposes. 

Established in 2013, Sattrix Information Security offers end-to-end customer-centric cyber security solutions in  India, the USA and the Middle East (UAE).

The company is based in Ahmedabad, Gujarat and develops agile cyber security solutions to help its clients constantly upgrade their systems. It offers the services as below. 

●    Assessment Services
●    IT Infrastructure Management
●    Hybrid IT Services & Solutions
●    Managed Security Services (MSS)

Peer Comparison

●    Systango Technologies Limited
●    Dev Information Technology Limited
●    TAC Infosec Limited

For More Information:
Webstory on Sattrix Information Security IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 36.59 22.93 21.11
EBITDA 4.89 2.65 3.29
PAT 4.00 2.14 1.93
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 25.67 14.49 9.50
Share Capital 0.01 0.01 0.01
Total Borrowings 13.73 6.72 3.93
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 2.52 -1.46 2.29
Net cash from / (used in) investing activities -1.51 -0.46 -0.67
Net cash flow from / (used in) financing activities -0.79 1.70 -1.93
Net increase (decrease) in cash and cash equivalents 0.20 -0.22 -0.31


Strengths

1.    The company has a Diversified Client Base.
2.    It takes a proactive approach to providing cyber security solutions using modern technology and is adaptive to changing requirements of the client.
3.    It has a presence in India as well as abroad. 
4.    Experienced management team.
 

Risks

1.    The company operates in a highly competitive and highly employee-intensive industry.
2.    It has reported negative cash flow in the past. 
3.    It is subject to foreign exchange control regulations.
 

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FAQs

Sattrix Information Security IPO opens from 5th June to 7th June 2024.
 

The size of Sattrix Information Security IPO is ₹21.78 cr. 

To apply for Sattrix Information Security IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Sattrix Information Security IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

The price band of Sattrix Information Security IPO is fixed at ₹121 per share. 

The minimum lot size of Sattrix Information Security IPO is 1000 shares and the investment required is ₹1,21,000.

The share allotment date of Sattrix Information Security IPO is 10th June 2024.

The Sattrix Information Security IPO will be listed on 12th June 2024.

ISK Advisors Private Limited is the book-running lead manager for Sattrix Information Security IPO.

Sattrix Information Security plans to utilize the raised capital from the IPO to:

●    To fund the capital expenditure requirement for buying furniture, fixtures & air conditioning for the  new office at Ahmedabad
●    To fund the capital expenditure requirement for buying and installing IT equipment, computer hardware, server, SAN storage, CCTV cameras, video conferencing equipment, networking (LAN), etc.
●    To fund business expansion.
●    To fund the working capital requirement.
●    General corporate purposes.