Sattrix IPO Opens June 5: Price Band Set at ₹121 Per Share

Sattrix Information Security Limited’s IPO is set to open on June 5, with shares priced at ₹121 each. Retail investors can buy a minimum of 1,000 shares, costing ₹1,21,000. Non-institutional investors (NIIs) and high net worth individuals (HNIs) need to buy at least 2,000 shares, with investments starting at ₹2,42,000 and no maximum limit. This IPO allows retail and high-net-worth investors to join Sattrix’s growth journey.

Founded to provide comprehensive cybersecurity services in the UAE, India, and the US, Sattrix has ten years of experience and a strong reputation. The company offers solutions to protect businesses from data breaches and security threats, designing both on-premises and cloud-based security systems tailored to customer needs. Sattrix aims to create adaptable cybersecurity solutions using the latest technologies.


Sattrix’s listed peers include Systango Technologies Ltd, Dev Information Technology Ltd, and TAC Infosec Ltd. From March 31, 2022, to March 31, 2023, Sattrix’s profit after tax (PAT) increased by 86.86%, and revenue grew by 60.76%.

The Sattrix IPO aims to raise approximately ₹21.78 crore through a fresh issue of 1,800,000 equity shares. Funds will be used for new office expenses in Ahmedabad, acquiring equipment, business expansion, developing new products and technology, additional working capital, and general corporate purposes.

The IPO’s registrar is Bigshare Services Pvt Ltd, and Isk Advisors Pvt Ltd is the lead manager. Sunflower Broking is the market maker. Currently, the grey market premium (GMP) is ₹0, meaning shares are trading at the issue price with no extra premium.

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