Sattrix Information Security Limited (BSE SME)
Jun 5, 2024 - Jun 7, 2024
| Price | ₹121 - ₹121 |
| Premium | ₹35 |
|---|---|
| Lot size | 1000 |
| Allotment | Jun 10, 2024 |
| Listing | Jun 12, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 121000 | 854 |
| HNI | 2 | 2000 | 242000 | 854 |
Last updated on 07 Jun 2024 05:54:59 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 854000 | 88168000 | 103.24 |
| Retail | 854000 | 32244000 | 37.76 |
| Total | 1708000 | 120412000 | 70.5 |
| Total Application : 44,837 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹16.77 | @8% ₹19.17 | @9% ₹21.56 | @10% ₹23.96 | @11% ₹26.35 | @12% ₹28.75 |
Sattrix IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.4% | 854000 |
| Other | 47.4% | 854000 |
| Market Maker | 5.11% | 92000 |
| Total No. of Shares | 100.0% | 1800000 |
Sattrix IPO Details
| 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 |
Key Performance Indicator
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 18.99% | 40.61% | 32.11% |
| ROCE | 20.93% | 42.67% | 28.59% |
| RONW | 17.33% | 33.51% | 27.58% |
| EPS (basic & Diluted) | 5.01 | 8.00 | 4.28 |
| P/BV | 5.07 | ||
| P/E Pre IPO | 15.12 |
Company Financials
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 | Dec 2023 | Mar 2023 | Mar 2022 | 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 | 250.71 | 400.12 | 214.13 | 193.83 |
| Net Worth | 1,446.96 | 1,194.02 | 776.51 | 557.12 |
| Reserves | 946.96 | 1,193.02 | 775.51 | 556.12 |
| Borrowing | 384.77 | 194.55 | 235.88 | 44.54 |
| Amount in ₹ Lakhs | ||||
About Company
Sattrix Information Security Limited, founded in 2013, specializes in developing customer-oriented cyber security solutions tailored to both cloud and on-premise environments. The company's offerings are extensive, encompassing assessment services such as vulnerability assessment, penetration testing, red teaming, anti-phishing solutions, and application security services. Their IT infrastructure management services provide a holistic overview of modern IT infrastructures, facilitating enhanced threat detection, response, and mitigation through the deployment of various cutting-edge technologies suited to individual organizational needs. Sattrix also delivers hybrid IT services and solutions, ensuring organizations achieve agility, compliance, and efficiency across both on-premise and cloud infrastructures. Their Managed Security Services (MSS) include comprehensive vulnerability management, SOC (Incident Response), Endpoint Detection & Response (Managed EDR), Helpdesk/Tech Support, IT Infrastructure Security, and Cybersecurity Compliance Services. As of October 2023, Sattrix Information Security Limited employed 145 professionals dedicated to safeguarding their clients' digital assets.
Strength Factors
Qualified and Experienced Team: Sattrix Information Security Limited boasts a team of highly qualified and experienced promoters and employees, ensuring top-notch expertise and reliable cyber security solutions.
Diversified Client Base: The company serves a wide range of clients across various industries, providing tailored cyber security solutions that cater to the unique needs of each sector.
Proactive and Adaptive Approach: Sattrix employs a proactive approach, utilizing modern technology and continuously adapting to the evolving requirements of their clients, ensuring they stay ahead of emerging threats.
Risk Factors
Talent Acquisition and Retention: Difficulty in attracting and retaining highly-skilled IT professionals could hinder Sattrix's ability to manage and staff new projects, potentially leading to revenue loss and stunted business growth.
Geopolitical and Operational Risks: Operating in multiple countries exposes Sattrix to diverse geopolitical and operational risks, which could affect their subsidiary companies and customer relationships.
High Employee Costs: As a highly employee-intensive industry, significant increases in employee benefit expenses could reduce profitability, impacting Sattrix's financial performance.
Sattrix IPO Lead Manager(s)
- Isk Advisors Pvt Ltd
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html