IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

Upto 18,00,000 Equity Shares aggregating to ₹ [●] lakh

Investor category and sub category

RIIs  |   NIIs  |   QIBs  |   Eligible employees  |  

About Sattrix Information Security Limited

Sattrix Information Security Limited was established on September 16, 2013, and has since become a key player in creating tailored cybersecurity solutions. The company focuses on delivering comprehensive services to enterprises across India, the USA, and the Middle East (UAE).

With over ten years of expertise, Sattrix has become a reliable partner in offering a broad spectrum of cybersecurity services designed to safeguard organisational data from unauthorised access and various security threats.

The company’s data security strategies are crafted to minimise privacy risks and enhance the security of business operations. Whether implementing solutions on the cloud or on-premise, Sattrix customises its offerings to meet specific client needs.

Utilising the finest technologies available, the company is committed to developing flexible cybersecurity solutions that can continuously evolve and adjust to meet changing client requirements.

Industry Outlook:

  1. The Indian cybersecurity market is experiencing rapid growth, with an expected CAGR of 18.33% by 2028, driven by increasing digitalisation and rising cyber threat awareness.
  2. The market is dominated by major players like Palo Alto Networks and IBM, emphasising expansion into international markets to leverage their established reputations.

Sattrix Information Security Limited IPO Details

Sattrix Information Security Limited IPO Dates

The exact dates are yet to be announced.

Sattrix Information Security Limited IPO Price Band

The exact price range is yet to be announced.

Sattrix Information Security Limited IPO Lot Size

The exact lot size is not announced yet.

Sattrix Information Security Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Capital Expenditure:
    • To meet out expenses for Purchasing Furniture, fixtures and air conditioning for new office at Ahmedabad
    • 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:
    • Development of New Products and Technology
    • Other Business Expansion Cost
  3. Additional Working Capital Requirement
  4. General Corporate Purpose

Peer Details

The companies considered by Sattrix Information Security as its peers include:

  1. Systango Technologies Limited
  2. Dev Information Technology Ltd

How to Check the Allotment Status of the Sattrix Information Security Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the Individual order details page of the IPO that you had applied for.
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Sattrix Information Security Limited IPO

  • Registered office: 28, Damubhai Colony, Bhattha Paldi, Ahmedabad- 380007 Gujarat, India
  • Phone: +91 87358 25247
  • E-mail:cs@sattrix.com

IPO Financials

Particulars 7 month period ended on October 31, 2023 Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Total Revenue (in ₹ lakh) 2,771.50 3,775.65 2,348.69 2,120.23
Profit After Tax (PAT) (in ₹ lakh) 216.42 400.12 214.13 193.83
Cash & Cash Equivalents (in ₹ lakh) 142.21 104.59 66.68 83.53
Net Worth (in ₹ lakh) 1,412.82 1,194.02 776.51 557.12
Total Borrowings (in ₹ lakh) 26.75 194.55 235.88 44.54
Return on Equity (%) 16.60% 40.61% 32.11% 42.39%
Return on Net Worth (RoNW) (%) 15.32% 33.51% 27.58% 34.79%
Earning Per Share (EPS)-in absolute ₹ 4.33 8.00 4.28 3.88

Know before investing

Strengths

4

  1. Sattrix boasts a decade of IT expertise through its seasoned promoter and a team adept in navigating operational challenges and capitalising on market opportunities.

  2. The company enjoys a diversified client base, enhancing stability and growth potential by servicing a wide array of sectors and fostering long-term client relationships.

  3. Sattrix employs a proactive strategy in cybersecurity, using advanced technology and flexible methods to offer comprehensive solutions tailored to dynamic client needs.

  4. With a strategic presence in the expanding markets of the Middle East and North America, Sattrix is well-positioned to understand and leverage local business environments effectively.

Risks

4

  1. The company faces challenges in hiring and retaining skilled IT professionals. Increased competition and high demand may hinder growth and operational capabilities.

  2. Operating in multiple countries exposes the company to diverse legal and regulatory environments, geopolitical tensions, and currency fluctuations, potentially impacting profitability and operations.

  3. Employee benefits expenses, constituting 18.15% of revenue as of October 2023, significantly impact the company's profitability, especially during revenue fluctuations or project slowdowns.

  4. The company's reliance on a small number of key customers, with the top 10 customers contributing 18.88% of revenue as of October 2023, poses risks of revenue loss if these relationships falter.

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Sattrix Information Security Limited IPO FAQs

What is Sattrix Information Security Limited's IPO?

Sattrix Information Security IPO is a book-built IPO. The exact dates and price range are yet to be announced. 

When will Sattrix Information Security Limited's IPO be allotted?

The exact dates and price range are yet to be announced. 

When will Sattrix Information Security Limited's IPO open for subscription?

The IPO subscription window is not announced yet.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot. However, the lot size has not been announced yet.

When will Sattrix Information Security Limited list on exchanges?

The exact date is not announced yet.

How do I check the allotment status of the Sattrix Information Security Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for. 
  • Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

What would be the listing gains on the Sattrix Information Security Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The exact date is not announced yet.

I have finished the application process for the Sattrix Information Security Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Sattrix Information Security Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Sattrix Information Security Limited using one PAN?

You can submit only one application using your PAN card.