Sattrix Information Security Limited SME IPO to open on June 5, price band set at ₹121 per share

Sattrix Information Security Limited (SIS), a renowned provider of IT and Cyber Security Solutions, will open its Initial Public Offering (IPO) on June 5, 2024, on the BSE SME platform. The IPO will be open for subscription from June 5, 2024, to June 7, 2024. Each share is priced at ₹121, with a minimum lot size of 1,000 shares. The total issue size of IPO is ₹21.78 crores having company's current market capitalization of Rs 82.28 Cr.

Retail investors can invest a minimum and maximum of ₹1,21,000 by purchasing 1,000 shares at ₹121 each. High net worth individuals (HNIs) and non-institutional investors (NIIs) are required to invest in a minimum of 2,000 shares and in multiples thereof, amounting to ₹2,42,000, with no upper limit on their investment. The SME IPO of Sattrix opens doors to retail and high-net-worth investors to participate in its growth journey.

The capital raised through the SME IPO will be allocated to several strategic initiatives, including technological enhancements and research, innovation and development of new solutions, and the expansion and enhancement of the Security Operations Centres (SOC) and Network Operations Centres (NOC).

Established in 2013, Sattrix Information Security Limited has grown to become a distinguished IT and Cyber Security solution provider, serving enterprises in India, the USA, and the Middle East. The company provides Assessments & Advisory, Professional Services and managed Security services for businesses i.e. Vulnerability Management, SOC (Incident Response), Endpoint Detection & Response (Managed EDR), Helpdesk / Tech Support, IT Infrastructure Security and Cybersecurity Compliance Services that align with their business needs and cyber security goals.

In FY 2023, Sattrix achieved significant growth, with a 60.76% increase in revenue and an 86.86% rise in profit after tax (PAT), reflecting its strong market position and operational excellence.

Source : Equity Bulls

Keywords

SattrixInformationSecurity IT CyberSecurity IPO FundRaising BSESME