Sattrix Information Security Skyrockets to ₹150, Up 24% at Debut

Sattrix Information Security debuted on the BSE SME with shares opening at Rs 150, a 24% premium over the IPO price of Rs 121, reflecting robust investor confidence.
Sattrix Information Security Skyrockets to ₹150, Up 24% at Debut

Sattrix Information Security shares launched on the BSE SME platform with a 24% increase, starting at Rs 150 per share on Wednesday, significantly above the initial offering price of Rs 121. This strong opening underscores investor confidence in the company.

The Sattrix IPO was highly successful, achieving a subscription rate of 70.44 times. It garnered bids for 12.03 crore shares, vastly exceeding the 17.08 lakh available. Retail and Other categories were subscribed 37.76 and 87.88 times respectively, indicating strong investor interest.

Sattrix Information Security Limited, with a decade of expertise, specialises in bespoke cybersecurity solutions for enterprises in India, the USA, and the UAE. They offer robust cloud and on-premise solutions to safeguard data against security threats, tailoring services to client needs while utilising cutting-edge technology to stay adaptive and continuously improve in the rapidly evolving cybersecurity landscape.

Sattrix Information Security Limited aims to enhance its facilities and IT infrastructure with IPO funds, develop new cybersecurity products incorporating AI and ML and boost its operational capacity for future expansion and global market penetration. Funds will also support general corporate purposes.

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