Sattrix IPO Allotment Today! Latest GMP and Steps to Check Your Allotment Status

June 10, 2024

6 Views 0

Sattrix IPO Allotment: The initial public offering (IPO) of Sattrix Information Security Ltd was a huge hit, being subscribed over 70 times by investors. With the bidding closed, investors are now eagerly waiting for the allotment status.

Key Dates and Process:

Allotment Date: June 10. The company is set to finalize the share allotment soon.
Refunds and Demat Credits: Shares will be credited to the demat accounts of successful bidders and refunds to unsuccessful ones on June 11.

How to Check Sattrix IPO Allotment Status:

You can check your Sattrix IPO allotment status online via the BSE website or through Bigshare Services Pvt Ltd, the IPO registrar. Here’s how:

Also Read Indian Stock Market Alert: $12 Billion Worth of Shares from 46 IPOs to Hit Market as Lock-in Period Expires

On the IPO Registrar’s Website:

Visit Bigshare IPO Status
Select ‘Sattrix Information Security Limited’ from the company dropdown menu.
Choose the method you prefer: Application No, Beneficiary ID, or PAN.
Enter the required details.
Complete the Captcha and click ‘Search’.
Your allotment status will be shown on the screen.

Sattrix IPO GMP (Grey Market Premium):

Current GMP: ₹14 per share. This means Sattrix shares are trading ₹14 above the issue price in the grey market.
Estimated Listing Price: ₹135 per share, a 11.57% premium over the issue price of ₹121.

Also Read Valiant Laboratories Reveals IPO Price Band of Rs 133-140 per Share

Subscription Details:

Total Subscription: 70.44 times.
Retail Category: Subscribed 37.76 times.
Other Categories: Subscribed 87.88 times.
Total Bids: 12.03 crore shares vs. 17.08 lakh shares on offer.

IPO Timeline:

Subscription Period: June 5 to June 7.
Allotment Finalization: Expected today.
Listing Date: Tentatively June 12 on BSE SME.

IPO Details:

Price Band: ₹121 per share.
Total Issue Size: ₹21.78 crore.
Share Type: Fresh issue of 18 lakh equity shares.
Lead Manager: Isk Advisors Pvt Ltd.
Registrar: Bigshare Services Pvt Ltd.

Also Read Ixigo Raises ₹333 Crore from Top Investors Like Aloke Bajpai and SAIF Partners Before IPO – Subscription Opens June 10

Company Background:

Sattrix Information Security Ltd specializes in developing customer-centric cyber security solutions. They design and build data security solutions both in the cloud and on-premise, tailored to client needs. The funds raised will be used for capital expenditure, business expansion, working capital, and general corporate purposes.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.