Sattrix Information Security Ltd

Sattrix Information Security Ltd IPO

IPO Price Range: ₹121 - 121

Sattrix Information Security Limited is in the business to develop customer-centric cybersecurity solutions to protect customers from cyber-attacks. The company offers Managed Security Services, Assessments &Advisory, and Professional Services tailored to customers needs. The expert team of the company provides monitoring, proactive threat detection, and rapid response. From vulnerability assessments to incident response, the company has niche services offerings in cyber security domain. The companysobjective is to safeguard customers organization against evolving cyber threats. Sattrix aim to deliver end-to-end cybersecurity services to enterprises in India, Middle East (UAE) and USA region.

Min Investment

₹1,21,000

IPO Size

₹21 Cr

IPO Status

Closed

Quantity in 1 Lot

1000

Max Bid allowed

1

Listing Exchange

BSE

IPO Application Timeline of Sattrix Information Security Ltd

Open Date5 Jun 2024
Close Date7 Jun 2024
Allotment Date10 Jun 2024
Listing Date12 Jun 2024

Key Statistics

Bid Opening DateBid Opening Date5 Jun 2024
Bid Closing DateBid Closing Date7 Jun 2024
Allotment DateAllotment Date10 Jun 2024
Issue SizeIssue Size₹21.78Cr
Quantity in 1 lotQuantity in 1 lot1000

Strength and risks

Strength

Strength

  • Qualified and Experienced Promoters & Employees.

  • Diversified Client Base.

  • Proactive approach to provide Cyber security solutions using modern technology and adaptive to changing requirement of the client.

  • Geographical presence in growing markets like Middle east and North America.


Risk

Risk

  • If the company cannot attract and retain highly-skilled IT professionals, its ability to obtain, manage and staff new projects and to continue to expand existing projects may result in loss of revenue and an inability to expand its business.

  • its business subjects it to risks in multiple countries where subsidiary companies and its customers are situated.

  • Its Industry is highly employee intensive industry. Thus, Employees Benefit expenses constitutes a major portion of its expenses. Such significant increase in this cost could lead to lower profitability.

  • its present promoters of the Company are first generation entrepreneur.

  • Its business is dependent on a few customers and the loss of, or a significant reduction in award of contracts by such customers could adversely affect our business.

  • The Company does not own the Registered Office, Administrative office and Branch office from which it carries out its business activities.

  • Significant security breaches in its software, data and network infrastructure and fraud could adversely impact its business.

  • The Company may be liable as per Service Level Agreement (SLA) with its clients for defaults caused while providing services to its clients which may attract penalties, harm its reputation and cause it to lose clients.

  • The Company is subject to certain obligations towards its clients, and a failure to comply with the technical specifications may lead to loss of business from such clients and could negatively impact its reputation, business prospects, results of operations, financial condition, and cash flows.

  • The Company has experienced negative operating cash flows in the past. Any operating losses or negative cash flows in the future could adversely affect its results of operations and financial conditions.

Promoters Holding

Investors Holdings %
Sachhin Kishorebhai Gajjaer20%
Ronak Sachin Gajjar80%

About Sattrix Information Security Ltd

OrganisationSattrix Information Security Ltd
HeadquartersAhmedabad
IndustryIT - Software

Frequently Asked Questions

  • What is the size of the Sattrix Information Security Ltd IPO?

    The size of the Sattrix Information Security Ltd IPO is ₹21.78Cr .

  • What is 'pre-apply' for Sattrix Information Security Ltd IPO?

    'Pre-apply' for Sattrix Information Security Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Sattrix Information Security Ltd IPO order be placed?

    Your Sattrix Information Security Ltd IPO order will be placed on 5 Jun 2024.

  • What are the open and close dates of the Sattrix Information Security Ltd IPO?

    The open and close dates of the Sattrix Information Security Ltd IPO are 5 Jun 2024 to 7 Jun 2024.

  • What is the lot size and minimum order quantity of the Sattrix Information Security Ltd IPO?

    The lot size and minimum order quantity of the Sattrix Information Security Ltd IPO are 1000 and 1000 respectively.

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

    The potential listing gains on the Sattrix Information Security Ltd IPO will depend on various market factors and cannot be predicted with certainty.