Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
IPO News

| More

Sattrix Information Security files DRHP for SME IPO, targeting a listing by mid-May.

Posted On: 2024-05-10 10:17:41 (Time Zone: IST)

Sattrix Information Security Limited (SIS), a distinguished IT and Cyber Security Solution provider, has successfully filed its Draft Red Herring Prospectus (DRHP) with the BSE SME. The company aims to raise approximately Rs. 20 Crore. The offering is structured through a fixed-price method, with portions of the offer reserved for various investor categories covering Qualified institutional buyers (QIBs), Non-institutional investors (NIIs), and Retail individual investors (RIIs).

With a notable presence spanning the Middle East and America, in addition to its home ground in India, Sattrix Information Security Limited plans to utilize the raised capital to fuel its expansion initiatives, thereby fortifying its market presence.

Sattrix's strategic roadmap is to utilize the raised capital for several key initiatives. Firstly, significant investment will be directed towards technological enhancements, research, innovation, and the development of new solutions. Additionally, a significant portion of the investment will be directed toward enhancing the Security Operations Center (SOC) and Network Operations Center (NOC) setup. This commitment solidifies Sattrix's leadership in cybersecurity solutions while enhancing its capacity to effectively monitor and counter cyber threats using AI/ML and automation.

Furthermore, the roadmap entails a concerted effort to strengthen Sattrix's presence in India, with a strategic emphasis on tapping into enterprise SMBs, and the mid-market segment. This expansion underscores Sattrix's commitment to growth and innovation in the Indian market.

Sattrix has witnessed a robust 68% year-over-year growth in the FY23-24. By collaborating with numerous government and non-government organizations, the company has significantly expanded its clientele during the last fiscal year. In addition to its strong IT and cybersecurity offerings, Sattrix has further diversified its service portfolio to help transform Technology and Operations within enterprises.

Commenting on the filing of the DRHP, Sachhin Gajjaer, MD at Sattrix Information Security Limited, stated, "Filing the DRHP on BSE SME is a crucial step towards our goal of bringing our company to the public markets. It is a significant milestone for us, and we believe it will provide us with the necessary resources and exposure to achieve our long-term growth objectives and strengthen our market presence."

Sattrix Information Security Limited was incorporated in 2013 with the objective of providing information technology and cybersecurity services. Boasting a team of 141+ employees the company has established partnerships with leading enterprises from Telecom, IT-ITES, BFSI, NBFC, and Retail sectors, as well as with SMBs and Conglomerates. With an impressive track record, Sattrix has successfully completed over 500 projects for 200 clients spanning 12 countries, underscoring its ability to deliver comprehensive solutions.

Sattrix Information Security offers a range of cybersecurity services, including assessments to identify weaknesses, professional services that encompass technology consultation and transformation initiatives such as cloud migration and digital transformation, and managed services for 24/7 support.

Click here to send ur comments or to

Other Headlines:

Vilas Transcore Ltd's SME IPO to open on Monday, May 27, 2024, price band set at ?139/- to ?147/- per Equity Share

Rulka Electricals Ltd, HOAC Foods India Ltd NSE-SME IPOs garner huge oversubscription

HOAC Foods India Limited IPO subscribed 807.44 times, issue closes today

Allied Blenders and Distillers Limited gets Sebi nod for Rs 1500 crore IPO

Go Digit General Insurance Ltd's IPO to open on Wednesday, May 15, 2024

Sanstar Limited, gets SEBI nod to float IPO

Belstar Microfinance Ltd files DRHP with SEBI for IPO

Asirvad Micro Finance Limited gets Sebi nod for IPO

Diffusion Engineers refiles DRHP with SEBI for IPO

Racks & Rollers - Storage Technologies and Automation Limited's SME Initial Public Offering to open on Tuesday, April 30, 2024

JNK India IPO subscribed 28 times on the Final Day

JNK India IPO fully subscribed on Day 2 led by NII and Retail

Emmforce Autotech's anchor book fully subscribed

JNK India Limited raises Rs. 194.84 crore from Anchor Investors

Sanathan Textiles refiles DRHP to raise Rs 800 crs

Kronox Lab Sciences gets SEBI nod to float IPO

JNK India Limited's IPO to open on Tuesday, April 23rd, 2024

Emmforce IPO opens on April 23, 2024, price band fixed at Rs. 93-98

Nephro Care India Ltd. files DRHP with NSE Emerge

TAC Security's IPO receives subscription bids worth $1 Billion

Supermarket Chain Patel Retail Limited files DRHP for IPO

Rays Power Infra announces completion of its Pre-IPO Investment

Afcons Infrastructure Limited, files DRHP for Rs 7,000 crore IPO

Crizac Limited files DRHP for Rs 1000 crore IPO

Trust Fintech IPO Anchor Book fully subscribed

Creative Graphics Solutions India Ltd IPO opens on Thursday, March 28, price band fixed at Rs. 80-85

BFSI-focused SaaS player Trust Fintech IPO opens on Tuesday, March 26, price band fixed at Rs. 95-101

TAC Security is set to become India's First Listed pure play Cyber Security Company

Interarch Building Products Limited files DRHP with SEBI for IPO

KP Green Engineering SME IPO subscribed 27.51 times on Final Day

Value Fashion Retailer Baazar Style Retail Limited files DRHP with SEBI for IPO

KP Green Engineering SME IPO subscribed 5.83 times on Day 2

KP Green Engineering SME IPO fully subscribed on Day 1

KP Green Engineering Limited raises Rs. 54 crore from Anchor Investors

Manba Finance Limited files DRHP with SEBI for IPO

Shivalic Power Control Limited files DRHP with NSE Emerge

KP Green Engineering Ltd's SME IPO to open on Friday, March 15th, 2024

Rungta Greentech Limited files DRHP with NSE Emerge

J.G.Chemicals IPO subscribed 27.78 times on Final Day

Gopal Snacks IPO fully subscribed on Day 2

Gopal Snacks IPO subscribed 56% on Day 1

J.G.Chemicals IPO subscribed 6.40 times on Day 2

Retail, NII led the demand for JG Chemicals IPO, Issue subscribed 2.47 times on Day 1

Ceigall India Limited files DRHP for IPO

Fairfax-backed Go Digit General Insurance gets Sebi nod for IPO

Denta Water and Infra Solutions Limited files gets Sebi nod for IPO

J.G.Chemicals Limited raises Rs. 75.35 crore from Anchor Investors

Mukka Proteins IPO subscribed 136.87 times on Final Day

Bharat Highways InvIT IPO subscribed 8.01 times on Final Day

Mukka Proteins IPO subscribed 6.97 times on Day 2

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020