Sattrix Information Security Limited (BSE SME)

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Sattrix Information Security Limited (BSE SME)

June 5, 2024 – June 7, 2024

Price ₹121 - ₹121
Premium ₹35
Lot size 1000
Allotment Jun 10, 2024
Listing Jun 12, 2024

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Last updated on 07 Jun 2024 05:54:59 PM

CategoryOfferedAppliedTimes
HNIs85400088168000103.24
Retail8540003224400037.76
Total170800012041200070.5
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

About

Category Lot(s) Qty Amount Reserved
Retail 1 1000 121000 854
HNI 2 2000 242000 854
Sattrix IPO Reservation
Investor CategoryShares OfferedNo. of Shares
Retail47.4%854000
Other47.4%854000
Market Maker5.11%92000
Total No. of Shares100.0%1800000
Sattrix IPO Details
Issue Size1,800,000 shares
(aggregating up to ₹21.78 Cr)
Fresh Issue1,800,000 shares
(aggregating up to ₹21.78 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Share holding pre issue5,000,000
Share holding post issue6,800,000
Market Maker portion92,000 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.

PeriodDec 2023Mar 2023Mar 2022Mar 2021
Assets2,462.282,567.061,449.07950.32
Revenue3,061.613,775.652,348.692,120.23
Profit250.71400.12214.13193.83
Net Worth1,446.961,194.02776.51557.12
Reserves946.961,193.02775.51556.12
Borrowing384.77194.55235.8844.54
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.

Strength

Weakness

Lead Manager(s)

Address

Sattrix Information Security Limited
28, Damubhai Colony,
Bhattha Paldi,
Ahmedabad - 380007
Phone: +91- 87358 25247
Email: cs@sattrix.com
Website: http://www.sattrix.com/

Registrar

Bigshare Services Pvt Ltd
Address: Bigshare Services Pvt Ltd 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,Makwana Road, Marol, Andheri(E), Mumbai - 400 059