Sattrix Information Security Limited is coming up with an IPO consisting of a fresh issue of 18,00,000 shares worth INR 21.78 crores. The company aims to upgrade office infrastructure, expand business, develop new products, increase working capital, and address general corporate purposes.
Sattrix Information Security Limited IPO – Important Dates
| Sattrix Information Security Limited IPO Date | June 5, 2024 to June 7, 2024 |
| Sattrix Information Security Limited IPO Listing Date | June 12, 2024 |
| Sattrix Information Security Limited IPO Price | INR 121 per share |
| Sattrix Information Security Limited IPO Lot Size | 1000 shares |
| Sattrix Information Security Limited IPO Total Issue Size | INR 21.78 crores |
| Sattrix Information Security Limited IPO Basis of Allotment | June 10, 2024 |
| Sattrix Information Security Limited IPO Initiation of Refunds | June 11, 2024 |
| Sattrix Information Security Limited IPO Credit of Shares to Demat | June 11, 2024 |
| Sattrix Information Security Limited IPO Issue Type | Fixed Price Issue IPO |
| Sattrix Information Security Limited IPO Listing At | BSE SME |
Sattrix Information Security IPO – Company Profile
Sattrix Information Security Limited develops customer-centric cybersecurity solutions, offering end-to-end services to enterprises in India, the USA, and the UAE. With a decade of experience, it is a trusted partner providing comprehensive cybersecurity solutions.
They help organizations protect data from unauthorized access and security threats, offering cloud and on-premise solutions to eliminate data privacy risks and ensure secure, smooth business operations tailored to client requirements.
They use top technologies to develop agile cybersecurity solutions that enable constant upgrades and adapt to client’s changing requirements, ensuring robust protection and continuous improvement in response to evolving security needs.
Sattrix Information Security Limited IPO Review
Sattrix Information Security Limited Technologies’ financial analysis reveals a mixed performance. Revenue increased year-over-year, equity consistently grew, profitability and EPS rose, while RoNW declined, total assets increased, indicating potential business growth and expansion.
- Revenue Trend: The revenue increased from ₹2,293.58 lakhs in March 2022 to ₹3,659.27 lakhs in March 2023. The revenue for the current year’s 9-month period ending December 2023 is INR 3,035.88 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has increased from ₹214.13 lakhs in March 2022 to ₹214.13 lakhs by December 2023. This rise in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹4.28 in March 2022 to ₹5.01 by December 2023, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has declined from 27.58% to 17.33%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Sattrix IPO Fundamental Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 December 2023 |
| Revenue (₹ in lakhs) | 2,293.58 | 3,659.27 | 3,035.88 |
| Equity (₹ in lakhs) | 776.51 | 1,194.02 | 1,446.96 |
| Expenses (₹ in lakhs) | 2,081.41 | 3,224.49 | 2,703.71 |
| Profit and Loss After Tax (₹ in lakhs) | 214.13 | 400.12 | 250.71 |
| Diluted EPS only (₹) | 4.28 | 8.00 | 5.01 |
| Return on Net Worth (%) | 27.58 | 33.51 | 17.33 |
| NAV per Equity Share (₹) | 15.53 | 23.88 | 28.94 |
| Total Assets (in lakhs) | 1,449.07 | 2,567.06 | 2,462.28 |
| Total Liabilities (in lakhs) | 672.56 | 1,373.04 | 1,015.32 |
Sattrix Information Security Ltd IPO Peer Comparison
Sattrix, Systango, Dev IT, and TAC Infosec vary in market value and earnings. Dev IT has the highest valuation, while TAC Infosec has the highest share earnings. Systango and Dev IT are more highly valued.
| Company | Type of Financial | CMP (₹ in lakhs) | Face Value (₹) | EPS (Basic) (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) | Revenue from Operations (₹ in lakhs) |
| Sattrix Information Security Ltd. | Consolidated | 121 | 10 | 8.00 | 40.61 | 23.88 | 3,659.27 |
| Systango Technologies Limited | Consolidated | 252.55 | 10 | 12.76 | 22.70 | 42.02 | 5,234.01 |
| Dev Information Technology Ltd. | Consolidated | 120.00 | 5 | 4.08 | 21.71 | 18.78 | 12,415.52 |
| TAC Infosec Limited | Standalone | 473.35 | 10 | 6.63 | 66.05 | 18.78 | 1,000.01 |
Sattrix Information Security Limited IPO Objective
The main objective of Sattrix Information Security Limited is to strategically invest in capital expenditures to establish a new office in Ahmedabad, upgrade IT infrastructure, and expand business through new product development and technology while ensuring sufficient working capital.
- Capital Expenditure:
a. Furniture, Fixtures, and Air Conditioning for the new office in Ahmedabad: Sattrix Information Security Limited’s office infrastructure investment amounts to INR 2.30 crores, and it focuses on accommodating IT equipment, networking provisions, and ergonomic workstations.
b. Purchase and Installation of IT equipment, computer hardware, server, SAN storage, CCTV cameras, video conferencing equipment, networking (LAN), and other equipment: Upgrading to a high-performance data center and new office at Ahmedabad enhances communication, data security, and collaborative efficiency, aligning with cybersecurity service standards, amounting to INR 2.18 crores inclusive of GST.
- Business Expansion Cost:
a. Development of New Product & Technology: The company plans to allocate INR 7.56 crores from net IPO Proceeds to develop advanced software integrating AI and ML to mitigate cyber threats, protect online users, and safeguard businesses’ interests.
b. Other Business Expansion Cost: The company plans to utilize INR 2.12 crores from net proceeds to expand its new edge business unit, focusing on tailored solutions, talent acquisition, and international market penetration for cybersecurity excellence.
- Additional Working Capital Requirement: The company plans to allocate INR 2.50 crores from Net Proceeds and internal accruals to address additional working capital needs, focusing on trade receivables, trade payables, and day-to-day operations for future business expansion.
- General Corporate Purpose: The company will allocate funds to general corporate goals, including strategic initiatives, partnerships, joint ventures, acquisitions, facility renovation, brand promotion, and meeting difficulties in business.
Sattrix IPO Risks And Challenges
Sattrix Information Security Limited’s risk includes dependence on hiring and retaining skilled IT professionals, exposure to global operational challenges, and potential disruptions due to high attrition rates and difficulty adapting to evolving technology and market dynamics.
- Sattrix Information Security’s ability to execute projects and acquire new customers hinges on hiring and retaining highly skilled IT professionals. Market competition and evolving technology may pose challenges in recruitment and retention, impacting business operations.
- Operating globally exposes Sattrix Information Security to political instability, legal compliance challenges, currency fluctuations, and intellectual property protection issues. Non-compliance or regulatory changes may lead to legal penalties and business disruptions.
- Sattrix Information Security relies on skilled professionals to execute projects and acquire clients. High attrition rates and challenges in redeployment and retraining pose risks to operational efficiency amidst changing technology and market dynamics.
Sattrix Information Security Limited IPO – Industry & Market Potential
The global cyber security market is forecasted to surge from USD 190.4 billion in 2023 to USD 298.5 billion by 2028, exhibiting a CAGR of 9.4% during the projection period.
The cybersecurity market revenue is anticipated to reach US$2.90bn in 2024, led by Cyber Solutions, which accounts for US$1.51bn. The market is projected to grow at a CAGR of 13.31%, reaching US$4.78bn by 2028, with the United States leading in revenue.
The increasing demand for digitalization and scalable IT infrastructure and evolving risks like third-party vendor threats and cloud-first strategies propel the cybersecurity market growth. Malware, IoT, SIEM, budget constraints, and COVID-19 effects drive demand.
Sattrix Information Security Ltd IPO – Type of Offer
Sattrix Information Security Limited is coming up with an IPO consisting of a fresh issue of 18,00,000 shares worth INR 21.78 crores. The company aims to upgrade office infrastructure, expand business, develop new products, increase working capital, and address general corporate purposes.
Sattrix Information Security IPO Offer Size
The offer size of Sattrix Information Security Limited is INR 21.78 crores, consisting of a fresh issue of 18,00,000 shares. The company seeks funds to upgrade office infrastructure, expand business, develop new products, increase working capital, and address general corporate purposes.
Sattrix Information Security Ltd IPO Allotment Structure
Sattrix Information Security Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 92,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 92,000 shares for this purpose.
How to apply for a Sattrix Information Security Limited IPO?
To apply for the Sattrix Information Security Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Sattrix Information Security Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Sattrix Information Security Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Sattrix Information Security Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Sattrix Information Security Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Sattrix Information Security Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Sattrix Information Security Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Sattrix Information Security Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Sattrix Information Security Limited Ltd IPO Offer Registrar
The registrar for the Sattrix Information Security Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
Office No S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East) Mumbai – 400 093,
Maharashtra, India
Tel No: 022 – 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Sattrix Information Security Limited Limited IPO – FAQs
The allotment date of the Sattrix Information Security Limited IPO is June 10, 2024.
The price band of the issue is INR 121 per share.
The offer size of Sattrix Information Security Limited is INR 21.78 crores, consisting of a fresh issue of 18,00,000 shares. The company seeks funds to upgrade office infrastructure, expand business, develop new products, increase working capital, and address general corporate purposes.
The listing date of Sattrix Information Security Limited’s IPO is June 12, 2024.
