Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Sattrix IPO
Price Band
₹
Issue Size
₹21.78 Cr
Lot Size
1,000 shares
Min Investment
₹121,000
GMP
+₹35.0 (28.93%)
Issue Price
₹121.0
Subject to Sauda
₹26600
Paid only if allotted
Sattrix IPO AI Summary
- Sattrix IPO is listed on BSE SME in the IT Enabled Services sector.
- Subscription window: 05 Jun–07 Jun 2024, listing on 12 Jun 2024.
- Current GMP is +₹35.0 (28.93%) — unofficial and can change daily.
Sattrix Information Security Limited is entering the market with an IPO priced at ₹121.0, aiming to raise ₹21.78 Cr. The company specializes in cyber security solutions and has shown growth in revenue and profit over the past few years, although the latest figures reflect a decrease in income. Investors should consider the associated risks and market conditions when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Sattrix IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 07 Jun 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Sattrix IPO Grey Market Premium (GMP) Today
GMP
+₹35.0
GMP %
+28.93%
Est. Listing
₹156.0
Updated: 25 Jul 2026 14:05
About the Company
Sattrix Information Security Limited was founded in 2013 and develops customer-oriented cyber security solutions. The company designs and builds data security solutions in the cloud and on-premise based on the client's requirements. The company's service list includes: Assessment services: vulnerability assessment, penetration testing, red teaming, anti-phishing solutions and application security services. IT infrastructure management: IT infrastructure security services provide a comprehensive overview of a modern IT infrastructure and enable better and faster threat detection, response and mitigation, using different technologies best suited to each organization. Hybrid IT services and solutions: On-premise and cloud infrastructures to meet the diverse needs of organizations and achieve agility, compliance and efficiency. Managed Security Services (MSS): Vulnerability Management, SOC (Incident Response), Endpoint Detection & Response (Managed EDR), Helpdesk / Tech Support, IT Infrastructure Security and Cybersecurity Compliance Services. As of October 2023, the company had 145 employees on its payroll.
Company Financials (₹ Cr)
As of 2023-10-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 24.62 | 25.67 | 14.49 | 9.50 |
| Total Income | 30.62 | 37.76 | 23.49 | 21.20 |
| Profit After Tax | 2.51 | 4.00 | 2.14 | 1.94 |
| NET Worth | 14.47 | 11.94 | 7.77 | 5.57 |
| Reserves and Surplus | 9.47 | 11.93 | 7.76 | 5.56 |
| Total Borrowing | 3.85 | 1.95 | 2.36 | 0.45 |
Key Ratios
EPS
₹8.00
NAV
₹28.94
ROE
18.99%
ROCE
20.93%
RoNW
17.33%
P/B Value
5.07
P/E Ratio
15.12
Market Cap
₹82.28 Cr
PAT Margin
8.26%
Debt/Equity
0.27
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Tac Infosec Limited | 10.04 | 66.05% | 71.7 | 6.63 |
| Dev Information Technology Limited | 18.78 | 21.71% | 29.41 | 4.08 |
| Systango Technologies Limited | 42.02 | 22.7% | 19.79 | 12.76 |
| Sattrix Information Security Limited This IPO | 23.88 | 40.61% | 15.12 | 8 |
Promoters
Sachhin Kishorbhai Gajjaer and Ronak Sachin Gajjar
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure: (a) To meet out expenses for Purchasing Furniture, fixture & air conditioning for new office at Ahmedabad 2.52 2 Capital Expenditure: (b) To purchase and Installation of IT equipment, computer hardware, server, SAN storage, CCTV cameras, video conferencing equipment, networking (LAN) and other equipment 2.18 3 Business Expansion Cost : (a) Development of New Product & Technology 7.56 4 Business Expansion Cost : (b) Other business expansion cost 2.12 5 Additional Working Capital Requirement 2.50 6 General Corporate Purpose 2.92
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹21.20 Cr in the period ending 31 Mar 2021, increasing to ₹23.49 Cr by 31 Mar 2022, and further rising to ₹37.76 Cr by 31 Mar 2023. However, in the latest period ending 31 Dec 2023, Total Income decreased to ₹30.62 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹1.94 Cr in the period ending 31 Mar 2021, rising to ₹2.14 Cr by 31 Mar 2022, and further increasing to ₹4.00 Cr by 31 Mar 2023. In the most recent period ending 31 Dec 2023, Profit After Tax was ₹2.51 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Sattrix Information Security Limited has an implied P/E of 15.12 at the issue price, which is lower than its peers. For comparison, Tac Infosec Limited trades at a P/E of 71.7, Dev Information Technology Limited at 29.41, and Systango Technologies Limited at 19.79.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the price at which shares are traded in the grey market before they are officially listed on the stock exchange. A higher GMP suggests strong demand and potential for listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties inherent in new listings.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day, often influenced by market demand and investor sentiment. However, these gains are not guaranteed and can be subject to volatility, making it essential for investors to assess the risks involved.
This evaluation is generated from Sattrix's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Sattrix IPO GMP today?
Sattrix IPO GMP today is +₹35.0 (28.93%). GMP is an unofficial grey-market indicator and can change daily.
When does Sattrix IPO open and close?
Sattrix IPO opens on 05 June 2024 and closes on 07 June 2024.
When does Sattrix IPO list on the stock exchange?
Sattrix IPO listed on 12 June 2024 at ₹156.0.
What is the lot size for Sattrix IPO?
The lot size for Sattrix IPO is 1000 shares, requiring a minimum investment of ₹121,000.
What is the issue price of Sattrix's IPO?
The issue price of Sattrix's IPO is ₹121.0.
What is the minimum investment required?
The minimum investment required is ₹121,000.
What is the lot size for the IPO?
The lot size for the IPO is 1000 shares.
When is the listing date for Sattrix?
The listing date for Sattrix is June 12, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial market trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
05 Jun 2024
Close
07 Jun 2024
Allotment
10 Jun 2024
Listing
12 Jun 2024
Similar IPOs in IT Enabled Services
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Sattrix?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.