Sattrix Information Security IPO 

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

    Sattrix Information Security IPO Post Listing Review:
    The scrip is listed at Rs.150, premium of 23.97% over the issue price of Rs.121. This listing has been above the expectations of the grey market players.



    What is the latest GMP of Sattrix Information Security IPO?*
    Premium: Rs.19
    Min Application Rs. 
    Subject to Rs.14100

    Check Subscription status of Sattrix Information Security IPO

    On 7 June 2024 @ 5.00 (Day 3) (Closed)
    Review: Unimpressive trend
    NII:       87.88 T
    RII:        37.76 T
    Total:     70.44 T

    Application: 44837 (52.50X)
    Amount wise Subscription: Rs. 3165.57 Crore

    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/

    Sattrix Information Security IPO Details
    IPO opens on  5 June 2024
    IPO closes on  7 June 2024
    Issue Type Book Built Issue IPO
    Issue Size 1800000 Shares /
    Rs 21.78 Crore
    * Fresh Issue 1800000 Shares /
    Rs 21.78 Crore
    * Offer for Sale  – Shares /
    Rs – Crore
    Market Maker Portion 92000 Shares
    Net offer to Public 1708000 Shares/
    Rs.20.67 Crore
    Face Value per share Rs. 10
    Price Band Rs.121
    Employee discount  Rs. 0 per share
    Retail Lot Size  1000 Shares
    Listing will at  BSE SME
    Shares offered in Sattrix Information Security IPO
      Shares Rs. (Crore)
    QIB (50%)
    NII  (15%) 854000 10.34
    RII  (35%) 854000 10.33
    Total Shares  1708000 20.67
    Retail portion will be oversubscribed by  854
    Forms
    How much Shares to Apply in Sattrix Information Security IPO?
    Min Retail Application 1000 Shares Rs. 121000
    Min HNI Application  2000 Shares Rs.242000

    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 Tentative timetable
    IPO opens on 5 June 2024
    IPO Closes on 7 June 2024
    IPO Allotment on  10 June 2024
    Refund Initiation  11 June 2024
    Credit of Shares 11 June 2024
    Listing on 12 June 2024
    Registered Office of the Company
    Sattrix Information Security Limited
    28, Damubhai Colony,
    Bhattha Paldi,
    Ahmedabad – 380007

    Who is the Lead Manager of Sattrix Information Security IPO?
    Isk Advisors Pvt Ltd
    Who is the Registrar to IPO?
    Bigshare Services Pvt ltd
    Sattrix Information Security IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs.in Cr Rs.in Crore Rs. %
    2020-21 21.20 1.94 3.88 34.79
    2021-22 23.49 2.14 4.28 27.58
    2022-23  37.76 4.00 8.00 33.51
    Book Value of the Share on (reworked after Bonus) 30.09.2023 Rs 23.88    
    BV of the Share at cap price after the IPO Rs.     
    Offer Price/upper band   Rs. 121    

    Sattrix Information Security

    TBI Corn IPO
    Key Performance indicators
    Price/last EPS of 22-23  27.15
    Price/BV Ratio 20.85
    Upper price/BV after IPO 


    How TBI Corn IPO compares with the Peers?

    As on date of RHP FV Total  PE
      Rs. Income Ratio of
        Rs. In Cr  
    Sattrix Security 10 36.59 15.12
    Systango 10 52.34 19.79
    Dev IT 5 124.15 29.41
    Tax Infosystem 10 10.00 71.70

    # This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    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


    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.

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