Sattrix IPO listed @ Rs. 150

June 12, 2024 admin Leave a reply Post Comment

Sattrix Information Security IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents

What is the business of Sattrix Information Security?

Sattrix Information Security Limited is in the business to develop customer-centric cyber security
solutions, it aims to deliver end-to-end cybersecurity services to enterprises in the India, USA and
Middle East (UAE). With a decade of experience, the company has established itself as a trusted partner in providing a comprehensive range of cyber security solutions. It helps organizations to protect their data from unauthorized access against and protect against security threats. Its data security solutions aim to eliminate data privacy risks to make business processes secure and run smoothly. It designs
and builds data security solutions on cloud and on-premise based on the client requirement. It uses
best available technologies to develop cyber security solution, its aim is to develop agile cyber security
solution which helps in constant upgrade and its solutions adopt to the changing requirement of the
client.
By strategically leveraging a strong geographical presence in the growing markets of the Middle
East and North America, Sattrix has Extensive knowledge of the Middle East and North America
markets, including regulatory landscapes, cultural nuances, and economic trends. Sattrix aim to
drive sustainable business growth, forge valuable partnerships, and position the organization as a
key player in these dynamic and expanding regions.
Sattrix Information Security has two subsidiaries Sattrix Information Security Incorporation and
Sattrix Information Security DMCC in the US (Delaware) and UAE (Dubai) respectively. Promotors
has got rich experience of around decade working in the UAE, KSA and Bahrain region including
the GCC countries and Africa managing those regions and handling multiple customers. Americas
is the largest contributors for cybersecurity business till today. It is very important to penetrate into
that market to get better recognition as well as better margins. Both the regions Sattrix has customers
and partners whom they work with to acquire customers.

Get more information about the company @ http://www.sattrix.com/

Who are the Promoters of Sattrix Information Security IPO?
Mr. Sachhin Kishorbhai Gajjaer and Mrs. Ronak Sachin Gajjar are the promoters of the company.

What are the Objects of Sattrix Information Security IPO?

The Offer comprises only of a Fresh Issue of Equity shares.

The company intends to utilize the proceeds of the Offer to meet the following objects: –

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
Business Expansion Cost:
(a) Development of New Products & Technology
(b) Other Business Expansion Cost
Additional Working Capital Requirement
General Corporate Purpose

Sattrix Information Security IPO To the point Guidance
Sattrix Information Security Limited is in the business to develop customer-centric cyber security
solutions, it aims to deliver end-to-end cybersecurity services to enterprises in the India, USA and
Middle East (UAE). With a decade of experience, the company has established itself as a trusted partner in providing a comprehensive range of cyber security solutions.
Size:  The net offer is of Rs. 20.67 Crore/1708000 shares. Retail portion is Rs. 10.33 crore and it can get one time subscribed with 854 applications. The size of the IPO is not very large, looking to the investor frenzy and one time over subscription may not be an issue. 
Financial Snapshot: The company has good track record of total income and net profits. The shares are offered at reasonable valuation. Apply.

Quicklinks

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Sattrix Information Security IPO GMP today details?

Sattrix Information Security IPO

Sattrix Information Security IPO FAQs

What is Sattrix Information Security IPO?
Sattrix Information Security is a SME IPO of 1800000 equity shares of the face value of Rs. 10 aggregating up to Rs.21.78 Crores. The issue is priced at Rs.121 per share. The minimum order quantity is 1000 Shares.

When will Sattrix Information Security IPO open?
Sattrix Information Security IPO opens on June 5, 2024, and closes on June 7, 2024.

What is the lot size of Sattrix Information Security IPO?
Sattrix Information Security IPO lot size is 1000 Shares, and the minimum amount required is Rs.121000.

How to apply for Sattrix Information Security IPO?
You can apply in Sattrix Information Security 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.

When is Sattrix Information Security IPO allotment?
The finalization of Basis of Allotment for Sattrix Information Security IPO will be done on 10 June, 2024, and the allotted shares will be credited to your demat account by June 11, 2024.

When is Sattrix Information Security IPO listing date?
Sattrix Information Security IPO listing date is June 12, 2024.