Sattrix Information Security was incorporated on September 16, 2013. The company is in the business of developing customer-centric cybersecurity solutions. It aims to deliver end-to-end cybersecurity services to enterprises in India, the USA, and the Middle East.
| Bidding Dates |
|---|
| 05 Jun 2024 - 07 Jun 2024 |
| Subscription |
|---|
| 66.9x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,21,000 | 1 | 1 | 1000 | 1.8 M | ₹121 | 73.53 % | ₹217.8 M | RHP DOC |
Sattrix Information IPO SUBSCRIPTION STATUS
07 Jun '24Sattrix Information IPO overall subscription rate was 66.9 times the total available shares
Sattrix Information IPO retail subscription rate was 35.83 times in the retail segment
Sattrix Information IPO non-institutional investor subscription rate was 97.96 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
07 Jun 2024 (Day 3) | 35.83x | 97.96x | - |
06 Jun 2024 (Day 2) | 4.1x | 1.47x | - |
05 Jun 2024 (Day 1) | 1.39x | 0.65x | - |
Sattrix Information FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY24 | 25.1 | 303.6 | 13.4 | 9.6 | 12.4% |
| FY23 | 40.0 | 365.9 | 25.2 | 24.6 | 13.4% |
| FY22 | 21.4 | 229.4 | -14.6 | -21.1 | 11.6% |
| FY21 | 19.4 | 211.2 | 23.0 | 15.2 | 15.6% |
Sattrix Information IPO SUBSCRIPTION STATUS DETAILS
Sattrix Information had 1.8 M shares on offer
Sattrix Information IPO offer price was ₹121
Sattrix Information IPO minimum Investment was ₹121000
Sattrix Information IPO issue size was ₹ 217.8 M
Sattrix Information had a minimum lot size of 1000 Shares per application
Sattrix Information NUMBER OF SHARES ON OFFER
Sattrix Information IPO IMPORTANT DATES
| Issue Open Date | 05 Jun 2024 |
| Issue close Date | 07 Jun 2024 |
| Allotment Date | 10 Jun 2024 |
| Refund Date | 11 Jun 2024 |
| Demat Account Credit Date | 11 Jun 2024 |
| Listing Date | 12 Jun 2024 |
| Listing on Exchange(s) | BSE |
| Sattrix Information Allotment Status | Exchange |
Sattrix Information IPO subscription opened on 05 Jun 2024, and closed on 07 Jun 2024
IPO allotment for Sattrix Information was finalized on Monday, 10 Jun 2024
IPO listing for Sattrix Information was on BSE on Wednesday, 12 Jun 2024
Sattrix Information IPO LISTING GAINS
| Issue Price (adjusted) | 121.0 |
| Listing Open Price | 150.0 |
| Listing Close Price | 157.5 |
| Listing Gain% | 24.0% |
| Current Gain% | 203.3% |
Sattrix Information Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sattrix Information Security Ltd. | 367 | 249.5 | 50.6 | 2.3 | 4 | 4.1 | 3.6 | 61.8 | 37.1 | 8.2 | 103.6 | 7.3 | 22 |
| Tata Consultancy Services Ltd. | 2445.7 | 884875.7 | 17.8 | 16.6 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1190.7 | 483192.8 | 16 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1365.4 | 370523.8 | 21.3 | 8.1 | 2.8 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 184.6 | 182835.1 | 13.8 | -7.6 | 1.9 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1643 | 161027.9 | 31.4 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Sattrix Information INFORMATION ON IPO ISSUE
About Sattrix Information
Sattrix Information Security was incorporated on September 16, 2013. The company is in the business of developing customer-centric cybersecurity solutions. It aims to deliver end-to-end cybersecurity services to enterprises in India, the USA, and the Middle East.
Object of the Issue
- Capital expenditure:
- To meet out expenses for purchasing furniture, fixtures & air conditioning for the new office at Ahmedabad
- To purchase and install IT equipment, computer hardware, server, SAN storage, CCTV cameras, video conferencing equipment, networking (LAN) and other equipment
- Business expansion cost:
- Development of new product & technology
- Other business expansion cost
- Additional working capital requirement
- General corporate purpose
Sattrix Information - PROMOTERS
| Name |
|---|
| Sachhin Kishorbhai Gajjaer |
| Ronak Sachin Gajjar |
Sattrix Information Lead Manager to the Issue
ISK Advisors Private Limited
ncmpl@ncmpl.com
Sattrix Information Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Sattrix Information Strengths
Diversified client base
The company's reach and presence in the industry can be comprehended by looking at its distinguished list of clientele. Its clients are spread across a wide variety of sectors
Proactive approach
The company has a proactive approach to providing cybersecurity solutions using modern technology and adapting to the changing requirements of its clients
Growing presence
The company has a geographical presence in growing markets like the Middle East and North America
Sattrix Information Risks
Employee intensive industry
The industry is highly employee-intensive. Thus, employee benefit expenses constitute a major portion of the expenses. A significant increase in this cost could lead to lower profitability
Evolving industry
The company operates in an evolving industry, making it difficult to evaluate its future prospects and increasing the risk of not maintaining success in cybersecurity and digital transformation solutions
IPO FAQs
The promoters of the company are Sachhin Kishorbhai Gajjaer and Ronak Sachin Gajjar.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 121.0 - 121.0.
The IPO application opens on Jun 05, 2024 and closes on Jun 07, 2024.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 121,000.0, the maximum value for this IPO is Rs 121,000.0.
This IPO will be allotted on Jun 10, 2024.
The refund will be credited to your account on Jun 11, 2024.
The allotted shares will be credited to your demat on Jun 11, 2024.
Sattrix Information Security Ltd.’s shares listed on the stock exchanges on Jun 12, 2024.