The IPO of Sattrix is a fixed-price issue valued at ₹21.78 crores. The entire offering consists of 18 lakh fresh shares. The subscription window for the IPO of Sattrix opens on June 5, 2024, and it will close on June 7, 2024. The allotment process is expected to be finalized on Monday, June 10, 2024. The company plans to list its shares on the BSE SME, with a tentative listing date set for Wednesday, June 12, 2024.
The price per share for the IPO of Sattrix is ₹121. Retail investors can apply for a minimum lot size of 1000 shares, requiring an investment of ₹121,000. High Net Worth Individuals (HNIs) can invest in a minimum of 2 lots (2,000 shares), totaling ₹242,000.
Notably, Sattrix operates in the IT and cyber security solutions sector. The book-running lead manager for this IPO is Isk Advisors Pvt Ltd, while Bigshare Services Pvt Ltd serves as the registrar for the issue. The market maker for the Sattrix IPO is Sunflower Broking.
Check the GMP of Sattrix IPO below:
Sattrix IPO Details:
| Company Name | Sattrix Information Security Limited |
| Sector | IT and Cyber Security |
| IPO Type | SME |
| IPO Open date | 5th June 2024 |
| IPO Close date | 7th June 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Sattrix IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,21,000 |
| HNI (Min) | 2 | 2000 | 2,42,000 |
Sattrix IPO Timeline:
| IPO Open Date | 05th June 2024 |
| IPO Close Date | 07th June 2024 |
| Basis of Allotment | 10th June 2024 |
| Refund Initiation Date | 11th June 2024 |
| Shares Credit to Demat | 11th June 2024 |
| Listing Date | 12th June 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
