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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 bidding started from June 5, 2024 and ended on June 7, 2024. The allotment for Sattrix IPO was finalized on Monday, June 10, 2024. The shares got listed on BSE SME on June 12, 2024.
Sattrix IPO price is ₹121 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹121,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹242,000.
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.
Refer to Sattrix IPO RHP for detailed information.
| IPO Date | June 5, 2024 to June 7, 2024 |
| Listing Date | June 12, 2024 |
| Face Value | ₹10 per share |
| Price | ₹121 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,800,000 shares (aggregating up to ₹21.78 Cr) |
| Fresh Issue | 1,800,000 shares (aggregating up to ₹21.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,000,000 |
| Share holding post issue | 6,800,000 |
| Market Maker portion | 92,000 shares Sunflower Broking |
Sattrix IPO offers 1,800,000 shares. 854,000 (47.44%) to NII, 854,000 (47.44%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 92,000 (5.11%) |
| Other Shares Offered | 854,000 (47.44%) |
| Retail Shares Offered | 854,000 (47.44%) |
| Total Shares Offered | 1,800,000 (100%) |
Sattrix IPO opens on June 5, 2024, and closes on June 7, 2024.
| 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 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
| HNI (Min) | 2 | 2,000 | ₹242,000 |
| Lot Size Calculator | |||
Mr. Sachhin Kishorbhai Gajjaer and Mrs. Ronak Sachin Gajjar are the promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
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:
As of October 2023, the company had 145 employees on its payroll.
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 | ||||
The market capitalization of Sattrix IPO is Rs 82.28 Cr.
KPI as of December 31, 2023.
| 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 |
The Objects of the Net Issue is to raise funds for:
[Dilip Davda] The company is engaged in providing customer centric cyber security 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 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. Read detail review...
The Sattrix IPO is subscribed 70.44 times on June 7, 2024 6:19:08 PM. The public issue subscribed 37.76 times in the retail category, times in the QIB category, and 87.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 87.88 |
| Retail | 37.76 |
| Total | 70.44 |
Total Application : 44,837 (52.50 times)
| Listing Date | June 12, 2024 |
| BSE Script Code | 544189 |
| NSE Symbol | |
| ISIN | INE0QUV01010 |
| Final Issue Price | ₹121 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹121.00 |
| ₹150.00 |
| ₹142.50 |
| ₹157.50 |
| ₹157.50 |
Sattrix Information Security Limited
28, Damubhai Colony,
Bhattha Paldi,
Ahmedabad - 380007
Phone: +91- 87358 25247
Email: cs@sattrix.com
Website: http://www.sattrix.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
Sattrix IPO is a SME IPO of 1,800,000 equity shares of the face value of ₹10 aggregating up to ₹21.78 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000 Shares.
The IPO opens on June 5, 2024, and closes on June 7, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sattrix IPO using UPI as a payment gateway. Zerodha customers can apply in Sattrix IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sattrix IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sattrix IPO opens on June 5, 2024 and closes on June 7, 2024.
Sattrix IPO lot size is 1000 Shares, and the minimum amount required is ₹121,000.
You can apply in Sattrix IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sattrix IPO will be done on Monday, June 10, 2024, and the allotted shares will be credited to your demat account by Tuesday, June 11, 2024. Check the Sattrix IPO allotment status.
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