Company Overview: Sattrix Information Security
At Sattrix Information Security, pride is taken in delivering top-notch cybersecurity services to protect clients’ digital assets. Since 2013, a reputation as a trusted partner for organizations of all sizes has been earned, offering tailored cybersecurity solutions.
Services Offered
- Assessment Services: Vulnerability assessments, penetration testing, and more are provided to identify and fix security issues.
- IT Infrastructure Management: Comprehensive security services for modern IT systems are managed.
- Hybrid IT Services: On-premise and cloud solutions are developed to meet diverse organizational needs.
- Managed Security Services (MSS): Services include SOC, endpoint detection, helpdesk support, and compliance services.
Commitment
A team of 145 professionals is dedicated to providing exceptional cybersecurity services, using the latest technologies to ensure robust protection.
Financial Strength
Strong financial growth has been demonstrated, with significant increases in both revenue and profit in recent years. A global presence has been established with offices in India, the USA, and the UAE.
IPO Details
- IPO Price: ₹121 per share
- Face Value: ₹10 per share
- Total Issue Size: 1,800,000 shares
- Minimum Lot Size: 1000 shares
- Investment Required: ₹121,000 (Retail), ₹242,000 (HNI)
Subscription and Allotment Dates
- Opening Date: June 5, 2024
- Closing Date: June 7, 2024
- Allotment Date: June 10, 2024
- Listing Date: June 12, 2024
Share Allocation
- Retail Investors: 854,000 shares (47.44%)
- Non-Institutional Investors (NII): 854,000 shares (47.44%)
- Market Maker: 92,000 shares (5.11%)
Financial Snapshot
Sattrix has shown significant growth in recent years:
- Revenue Growth: 60.76% increase from FY 2022 to FY 2023
- Profit Growth: 86.86% increase from FY 2022 to FY 2023
- Assets: ₹2,462.28 lakhs as of December 31, 2023
- Net Worth: ₹1,446.96 lakhs as of December 31, 2023
Business Overview
Founded in 2013, Sattrix provides tailored cybersecurity solutions. Their services include:
- Assessment Services: Vulnerability assessment, penetration testing, and more.
- IT Infrastructure Management: Comprehensive IT security services.
- Hybrid IT Services: Both on-premise and cloud solutions.
- Managed Security Services: SOC, endpoint detection, and cybersecurity compliance.
With a workforce of 145 employees, the company aims to expand its offerings and improve its IT infrastructure with the funds raised from the IPO.
Investment Insights
The company’s promoters, Mr. Sachhin Kishorbhai Gajjaer and Mrs. Ronak Sachin Gajjar, hold a 100% pre-IPO stake. Post-IPO, this will change as the shares are distributed among new investors.
The market capitalization post-IPO is projected to be ₹82.28 crores, with a Price to Earnings (P/E) ratio of 22.18. The IPO is considered fully priced based on the company’s FY24 annualized earnings.
Should You Invest?
While Sattrix operates in a highly competitive cybersecurity market, it has demonstrated strong financial growth and has ambitious plans for expansion. For retail investors, the minimum investment is ₹121,000 for 1000 shares. High Net Worth Individuals (HNIs) can invest a minimum of ₹242,000 for 2000 shares.
Industry experts have given a tentative positive outlook, suggesting that well-informed investors consider the medium to long-term potential. The company’s rising export revenue and planned expansions could drive future growth.
Final Thoughts
The Sattrix IPO offers a promising opportunity for those interested in the growing field of cybersecurity. As with any investment, potential investors should carefully consider their financial position and market conditions before participating.
For more details, investors can refer to the Sattrix IPO Red Herring Prospectus (RHP) and stay updated with the live subscription status.
Contact Us
General Inquiries
- Email: info@sattrix.com
- Phone: +91 796 819 6800
Sales
- Email: sales@sattrix.com
- Phone: +1 (325) 515-4107
Managed Services Support
- Email: support@sattrix.com
- Phone: +1 (325) 515-4107
PR, Media, and Communications
- Email: pr@sattrix.com
- Phone: +91 796 819 6800
Investor Relations
- Email: cs@sattrix.com
- Phone: +91 796 819 6800
Global Presence
India (HQ)
- Address: Sattrix Information Security Ltd, 28, Damubhai Colony, Anjali Cross Roads, Bhattha, Ahmedabad – 380007
- Email: info@sattrix.com
- Phone: +91 796 819 6800
Global SOC
- Address: Sattrix Information Security Ltd, 516, 517 Shivalik Shilp, Iscon Cross Road, S G Highway, Ahmedabad
- Email: info@sattrix.com
- Phone: +91 796 819 6800
United States of America
- Address: Sattrix Information Security Incorporation, 8 THE GRN STE B, DOVER, DE, 19901-3618 USA
- Email: info@sattrix.com
- Phone: +1 (325) 515-4107
United Arab Emirates
- Address: Sattrix Information Security DMCC, Jumeirah Bay X2 Tower, 3rd Floor, Jumeirah Lake Towers, Cluster X, P.O. Box 126732, Dubai – UAE
- Email: info@sattrix.com
- Phone: +971 52 930 4713
