IPO Issue Details
Issue Price / Price Band₹121 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size18,00,000 shares (aggregating up to ₹21.78 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 05 Jun 2024
Subscription CloseFri, 07 Jun 2024
Anchor AllotmentTue, 04 Jun 2024
Basis of AllotmentMon, 10 Jun 2024
Initiation of RefundsTue, 11 Jun 2024
Credit of Shares to DematTue, 11 Jun 2024
Listing DateWed, 12 Jun 2024
UPI Mandate Deadline2024-06-07
Application & Investment Details
Retail — Min (1 Lots)₹1,21,000 — 1,000 shares
Retail — Max (13 Lots)₹1,573,000 (13 Lots)
HNI — Min (2 Lots)₹2,42,000 — 2,000 shares
EPS (Pre-IPO)₹8.00
EPS (Post-IPO)₹5.46
P/E Ratio (Pre-IPO)15.12x
P/E Ratio (Post-IPO)22.18x
Net Offer to Public17,08,000 shares (aggregating up to ₹20.67 Cr)
Reserved for Market Maker92,000 shares (aggregating up to ₹1.11 Cr)
Pre-IPO Promoter Holding50,00,000 shares
Post-IPO Promoter Holding68,00,000 shares
About Sattrix Information Security Ltd
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:Assessment services: vulnerability assessment, penetration testing, red teaming, anti-phishing solutions and application security services.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.Hybrid IT services and solutions: On-premise and cloud infrastructures to meet the diverse needs of organizations and achieve agility, compliance and efficiency.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.
Objects of the Issue
Sattrix Information Security Ltd proposes to utilise the net proceeds from the Issue for the following objects:
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
Shareholding & Lock-in
Pre-IPO Promoter Holding
50,00,000 shares
Post-IPO Promoter Holding
68,00,000 shares