Sattrix IPO vs United Cotfab IPO

Comparision between Sattrix IPO and United Cotfab IPO.

IPO Details

Sattrix IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while United Cotfab IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Sattrix IPO	United Cotfab IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Isk Advisors Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sattrix IPO is up to ₹21.78 Cr whereas the issue size of the United Cotfab IPO is up to ₹36.29 Cr. The final issue price of Sattrix IPO is ₹121.00 per share and of United Cotfab IPO is ₹70.00 per share.

	Sattrix IPO	United Cotfab IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹121.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	2000 shares
Fresh Issue Size	18,00,000 shares	51,84,000 shares
Fresh Issue Size (Amount)	up to ₹21.78 Cr	up to ₹36.29 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,00,000 shares	51,84,000 shares
Issue Size Total (Amount)	up to ₹21.78 Cr	up to ₹36.29 Cr

IPO Timetable

Sattrix IPO opens on Jun 05, 2024, while United Cotfab IPO opens on Jun 13, 2024. The closing date of Sattrix IPO and United Cotfab IPO is Jun 07, 2024, and Jun 19, 2024, respectively.

	Sattrix IPO	United Cotfab IPO
Anchor Bid Date
Issue Open	Jun 05, 2024	Jun 13, 2024
Issue Close	Jun 07, 2024	Jun 19, 2024
Basis Of Allotment (Tentative)	Jun 10, 2024	Jun 20, 2024
Initiation of Refunds (Tentative)	Jun 11, 2024	Jun 21, 2024
Credit of Share (Tentative)	Jun 11, 2024	Jun 21, 2024
Listing date (Tentative)	Jun 12, 2024	Jun 24, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Sattrix IPO P/E ratio is 15.12, as compared to United Cotfab IPO P/E ratio of 9.7.

Sattrix IPO

United Cotfab IPO

Financial

Sattrix Information Security Limited Financial Information (Restated Consolidated)

Sattrix Information Security Limited's revenue increased by 60.76% and profit after tax (PAT) rose by 86.86% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,462.28	2,567.06	1,449.07	950.32
Revenue	3,061.61	3,775.65	2,348.69	2,120.23
Profit After Tax	250.71	400.12	214.13	193.83
Net Worth	1,446.96	1,194.02	776.51	557.12
Reserves and Surplus	946.96	1,193.02	775.51	556.12
Total Borrowing	384.77	194.55	235.88	44.54
Amount in ₹ Lakhs

United Cotfab Limited Financial Information (Restated)

United Cotfab Limited's revenue increased by 17945.52% and profit after tax (PAT) rose by 6121.46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,168.46	5,367.71	1,559.95	107.10
Revenue	11,552.74	64.02	1.88
Profit After Tax	866.65	13.93	1.60	-0.11
Net Worth	1,356.42	993.56	681.97	0.22
Reserves and Surplus	188.10
Total Borrowing	4,750.93	3,821.18	773.47	106.50
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

69.84%

P/E Ratio

15.12

9.7

Market Cap

₹82.28 Cr.

₹120.33 Cr.

ROE

18.99%%

72.76%%

ROCE

20.93%%

26.95%%

Debt/Equity

0.27

3.42

EPS

₹8.00

₹7.22

RoNW

17.33%%

63.89%%

Shares Offered

In the Sattrix IPO retail investors (RII) are offered 8,54,000 shares while in United Cotfab IPO retail investors are offered 8,54,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sattrix IPO and 0 shares in United Cotfab IPO.

	Sattrix IPO	United Cotfab IPO
Anchor Investor Reserveration
Market Maker Reserveration	92,000 shares	2,60,000 shares
QIB	0 shares	0 shares
NII	8,54,000 shares	24,62,000 shares
RII	8,54,000 shares	24,62,000 shares
Employee	0 shares	0 shares
Others
Total	17,08,000 shares	49,24,000 shares

Bids Received (Subscription)

Sattrix IPO subscribed 70.44x in total, whereas United Cotfab IPO subscribed 107.16x.

	Sattrix IPO	United Cotfab IPO
QIB (times)
NII (times)	87.88x	114.71x
Big NII (times)
Small NII (times)
RII (times)	37.76x	77.22x
Employee (times)
Other (times)
Total (times)	70.44x	107.16x

Compare with others

Sattrix IPO	United Cotfab IPO
GEM Enviro IPO	EnNutrica IPO
GPES Solar IPO	Falcon Technoprojects India IPO
United Cotfab IPO	Durlax Top Surface IPO
3C IT IPO	GEM Enviro IPO
Magenta Lifecare IPO	GPES Solar IPO
Associated Coaters IPO	3C IT IPO
TBI Corn IPO	Magenta Lifecare IPO
Ztech India IPO	Sattrix IPO
Aimtron Electronics IPO	Associated Coaters IPO
Beacon Trusteeship IPO	TBI Corn IPO

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