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Sattrix Information Security Limited IPO (Sattrix IPO) Detail

June 5, 2024 - June 7, 2024

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.

Sattrix IPO Details

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 Size1,800,000 shares
(aggregating up to ₹21.78 Cr)
Fresh Issue1,800,000 shares
(aggregating up to ₹21.78 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue5,000,000
Share holding post issue6,800,000
Market Maker portion92,000 shares
Sunflower Broking

Sattrix IPO Reservation

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 Offered92,000 (5.11%)
Other Shares Offered854,000 (47.44%)
Retail Shares Offered854,000 (47.44%)
Total Shares Offered1,800,000 (100%)

Sattrix IPO Timeline (Tentative Schedule)

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

Sattrix IPO Lot Size

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

Sattrix IPO Promoter Holding

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

About Sattrix Information Security Limited

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 a 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), Helpdesk / Tech Support, IT Infrastructure Security and Cybersecurity Compliance Services.

As of October 2023, the company had 145 employees on its payroll.

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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,462.282,567.061,449.07950.32
Revenue3,061.613,775.652,348.692,120.23
Profit After Tax250.71400.12214.13193.83
Net Worth1,446.961,194.02776.51557.12
Reserves and Surplus946.961,193.02775.51556.12
Total Borrowing384.77194.55235.8844.54
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Sattrix IPO is Rs 82.28 Cr.

KPI as of December 31, 2023.

KPI Values
ROE18.99%
ROCE20.93%
Debt/Equity0.27
RoNW17.33%
P/BV5.07
PAT Margin (%)8.26
Pre IPO Post IPO
EPS (Rs) 85.46
P/E (x) 15.1222.18
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of October 31, 2023 that is available in RHP.

Objects of the Issue (Sattrix IPO Objectives)

The Objects of the Net Issue is to raise funds for:

  1. Capital Expenditure:
    (a) To meet out expenses for Purchasing Furniture, fixtures & air conditioning for a new office at Ahmedabad
    (b)To purchase and Installation of 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 IPO Review (May apply)

[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...


Sattrix IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
Other87.88
Retail37.76
Total70.44

Total Application : 44,837 (52.50 times)

Sattrix IPO Prospectus

Sattrix IPO Rating

3
3.0
Rating:Rated 3.0 stars
Vote Here ...

Sattrix IPO Listing Details

Listing Date June 12, 2024
BSE Script Code 544189
NSE Symbol
ISIN INE0QUV01010
Final Issue Price ₹121 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹121.00
₹150.00
₹142.50
₹157.50
₹157.50

Check IPO Performance…

Sattrix Information Security Limited Contact Details

Sattrix Information Security Limited
28, Damubhai Colony,
Bhattha Paldi,
Ahmedabad - 380007
Phone: +91- 87358 25247
Email: cs@sattrix.com
Website: http://www.sattrix.com/

Sattrix IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Sattrix IPO - Buy or Not

Sattrix IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Sattrix IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Sattrix IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Sattrix IPO listing date is on June 12, 2024.
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Sattrix IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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191 Comments

70. rsk |   Link |  Bookmark |June 12, 2024 7:24:42 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
No Bulk Deals
70.3. NRockz |   Link |  Bookmark |June 12, 2024 10:00:59 PM
Hopefully UC will continue for few days..:)
70.4. IPONEED |   Link |  Bookmark |June 13, 2024 11:41:12 AM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
BUY 1 LOT SATTRIX YESTRADAY @ 145 AND SOLD TODAY @ 161.50 NOW COVER SILKFLEX LOSS
69. ROCKETSINGH🚀🚀🚀 |   Link |  Bookmark |June 12, 2024 5:33:25 PM
I apply 6 retail application and surprisingly i got 1 lot. N today sold @ pre open .best returned in short time in small investment.
68. MuStrFc |   Link |  Bookmark |June 12, 2024 10:43:19 AM
IPO Guru IPO Guru (3000+ Posts, 2300+ Likes)
Possible this one hits LC after pre open
68.2. Rohan Bajaj |   Link |  Bookmark |June 12, 2024 11:37:00 AM (500+ Posts)
Now UC
68.3. MuStrFc |   Link |  Bookmark |June 12, 2024 12:35:38 PM
IPO Guru IPO Guru (3000+ Posts, 2300+ Likes)
@Rohan Bajaj Courtesy of punters from LC to UC.
67. Rohan Bajaj |   Link |  Bookmark |June 12, 2024 10:47:31 AM (500+ Posts)
Sold pre-open
67.1. PeterEngland |   Link |  Bookmark |June 12, 2024 10:57:28 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Earlier you said you didn't got the allotment for single 80 lot application.
I have sold in pre-open as well since this was purely listing gain candidate.
67.2. Rohan Bajaj |   Link |  Bookmark |June 12, 2024 11:04:23 AM (500+ Posts)
I told didn't get in 80 lots application. Got in another 70 lots application. But not getting in 80 lots was bad luck
66. ARJUN'S EYE |   Link |  Bookmark |June 12, 2024 10:13:17 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Sattrix Information Security Ltd BSE SME IPO.
BSE Code:-544189                  
Symbol:-SATTRIX
Group:-MT
ISIN:-INE0QUV01010
Issue Price:-121/-
Market Lot:-1000 Shares
Face Value:-10/-
Listing At:-BSE SME
65. Rohan Bajaj |   Link |  Bookmark |June 12, 2024 10:07:38 AM (500+ Posts)
Good suggestion @Basuvr . I was aware of this but due to hiccups at last moment applied quickly in round off lots. Anyways will keep this in mind in future. Thank You.
64. Advantage |   Link |  Bookmark |June 11, 2024 11:51:03 PM
29/20/15/15/10/8/1/1/1/1 lots applied.
Allotted 1 lot each against 29 & 8 lots. Total 2 lots
Thanks to the almighty.
Hope it will list at around 175. Will move further as we can see the recently listed TAC infosec and systango as peers
63. Rohan Bajaj |   Link |  Bookmark |June 11, 2024 10:30:03 PM (500+ Posts)
Applied for 80 lots in single application but due to sheer bad luck got nothing. 7/9 applications were alloted in this lot size but I was among 2.
63.6. Basuvr |   Link |  Bookmark |June 12, 2024 9:54:38 AM
IPO Guru IPO Guru (2000+ Posts, 1100+ Likes)
@Rohan Bajaj @PeterEngland Just a suggestion, when applying with lots above 75% of subscription, don't go with round number lots. Instead go with odd lots.
🙏
63.7. PeterEngland |   Link |  Bookmark |June 12, 2024 10:01:20 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Great suggestion @Basuvr, will keep it in mind.

Although I think the threshold for getting confirmed lot is 66% instead of 75% of the overall subscription, please correct me if I'm wrong.
62. Sharksshark |   Link |  Bookmark |June 11, 2024 8:33:05 PM
19/19/19/19-- No allotment..I am hopeless
62.2. Sharksshark |   Link |  Bookmark |June 11, 2024 11:18:23 PM
@Vimal Garodia Sir actually I was hoping for confirmed allotment since there was 20% chance in this lot size and overall 80% chance for 4 applications...but now I realise I should have gone for a higher lot with only 1 account..will keep trying without expecting anything now..
62.3. diwan kapoor |   Link |  Bookmark |June 12, 2024 3:27:52 PM
IPO Guru IPO Guru (1500+ Posts, 1000+ Likes)
@Sharksshark Keep least expectation of allotment when Bigshare is registrar..
Have a very bad experience with this registrar..!!
61. CA. Mumbai |   Link |  Bookmark |June 11, 2024 9:41:27 PM
Latest GMP heard is 33 rs, than why rs 130 listing only? Any reason
61.1. MuStrFc |   Link |  Bookmark |June 11, 2024 10:12:04 PM
IPO Guru IPO Guru (3000+ Posts, 2300+ Likes)
Because HoS GMP ≠ Listing Day GMP @CA. Mumbai
60. Rajeev Newaskar |   Link |  Bookmark |June 11, 2024 9:43:23 PM
Sustango peer co listed on 15 March 2023 at 100/- for 90/-base price initially, but gone 240/- in 4 months and all time high 400/- and trending 234 today.
Though not apple to apple but keeping it for 3-4 months seems harmless.
God knows...
60.1. Basuvr |   Link |  Bookmark |June 11, 2024 10:05:26 PM
IPO Guru IPO Guru (2000+ Posts, 1100+ Likes)
@Rajeev Newaskar Sir Systango had 50% QIB and Hem as LM, MM. This wwill definitely make a difference 🙏
59. ManishAgarw |   Link |  Bookmark |June 11, 2024 9:39:32 PM (300+ Posts)
0 allotted from 9 hni applications. Strange
58. svh |   Link |  Bookmark |June 11, 2024 8:34:14 PM
IPO Guru IPO Guru (2600+ Posts, 3700+ Likes)
Finally got in retail
125-130 listing range expecting

🙏👍
58.1. Rajeev Newaskar |   Link |  Bookmark |June 11, 2024 9:21:44 PM
Why 125-130... Currently 121+19 =140-150. Think so.
58.2. Basuvr |   Link |  Bookmark |June 11, 2024 9:28:50 PM
IPO Guru IPO Guru (2000+ Posts, 1100+ Likes)
I think, it will list above 145 with 3-4 days of LC
57. Rohan Bajaj |   Link |  Bookmark |June 11, 2024 8:04:15 PM (500+ Posts)
Finally site is working.
57.1. Diligent IPO Learner |   Link |  Bookmark |June 11, 2024 8:16:47 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
The satisfaction right :)
56. Diligent IPO Learner |   Link |  Bookmark |June 11, 2024 8:04:42 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
@MAMU sir current GMP?
56.3. MAMU |   Link |  Bookmark |June 11, 2024 8:13:47 PM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
33 🔥
Surprise listing coming on the way
Alloted 1
Looking to sell in preopen
56.4. Diligent IPO Learner |   Link |  Bookmark |June 11, 2024 8:16:11 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Expecting the same @MAMU sir 🤞✨

Thank you for your reply :)

All the best dear Allottees for a great listing🤞
55. ultrasnow |   Link |  Bookmark |June 11, 2024 8:02:26 PM
Allotted in hni
55.1. Anil Mwt |   Link |  Bookmark |June 12, 2024 1:16:14 PM (400+ Posts)
Same here.. 1 lot alloted..
Have u sold..?? Or holding
54. MAMU |   Link |  Bookmark |June 9, 2024 8:06:39 AM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
After researching google and reviews curious to know more about the company. Had seen this company closely at location and by surrounding. Limited staff and employees who are working themselve posting reviews. As i heard while you are signing bond you were told that after 2-3 months you have to post good reviews of us. They are delaying salary of employees and complete their cycle in 45-60 days.

I know that after closing of the issue these small analysis doesn't matter but one more thing i applied few and luckily got a chance to visit in weekend. As i was near by for some work.
54.4. Mr. Singh |   Link |  Bookmark |June 9, 2024 4:24:21 PM
IPO Guru IPO Guru (1000 Posts, 600+ Likes)
Keep faith on LM for due diligence. Balance sheet may be cooked up little but that is done by everyone. LM is good and I hope they do check details.
Furniture and AC cost is just one part of IPO funding.
Secondly nowdays 3 BHK require 20 lakhs in interior. If office is big then it would require crores in interior. And they have several other things and it's not that they are spending full money on office interior.
54.5. Imhilli |   Link |  Bookmark |June 9, 2024 5:50:31 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
LM, once become popular, starts behaving differently. Earlier HEM, in-between Shreni and now Beeline. All are repeating the history. In my view, one should see the sector and promoter first and LM+MM combination next.
53. Noorul |   Link |  Bookmark |June 8, 2024 11:50:26 AM
Applied in this one FF.
52. Palka |   Link |  Bookmark |June 7, 2024 6:41:00 PM
IPO Mentor IPO Mentor (1000+ Posts, 200+ Likes)
Chances of allotment of 50 lot applications
52.6. Palka |   Link |  Bookmark |June 12, 2024 6:53:08 AM
IPO Mentor IPO Mentor (1000+ Posts, 200+ Likes)
@diwan kapoor Got nil allotments…Thanks for asking….🙏
52.7. diwan kapoor |   Link |  Bookmark |June 12, 2024 10:51:02 AM
IPO Guru IPO Guru (1500+ Posts, 1000+ Likes)
@Palka Best of Luck for future ipo's..!!
51. Agrawal S |   Link |  Bookmark |June 7, 2024 5:00:37 PM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
6 lot hni or 4 retail?
51.4. Vimal Garodia |   Link |  Bookmark |June 7, 2024 8:44:28 PM
IPO Guru IPO Guru (3500+ Posts, 3900+ Likes)
@🔥Black Rock 🔥  @Agrawal S Application of 15 lots and above wll always have more chances than retail, in oversubscribed SME IPOs..

He asked specifically about 6 lots HNI or 4 retail applications, that is why i said retail..😊😊

Hope this is clear...
51.5. 🔥Black Rock 🔥 |   Link |  Bookmark |June 8, 2024 1:26:57 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@Vimal Garodia 

I understand your point. Thanks for clarifying 😊