Sattrix Information Security Ltd - IPO

Sattrix Information Security Ltd IPO Details

Initial public offer of upto 18,00,000 equity shares of face value of Rs. 10 each (Equity Shares) of Sattrix Information Security Limited (the Company or SISL or The Issuer) for cash at a price of Rs. 121 per share (including a share premium of Rs. 111 per equity share) (the Issue Price), aggregating to Rs. 21.78 crores (The Issue), of which upto 92,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of upto 17,08,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.47% and 25.12%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 12.10 times of the face value.

Objective of issue

To meet out expenses for purchasing furniture fixture & air conditioning for new office Ahmedabad. To purchase and installation of IT equipment computer hardware server SAN storage CCTV cameras video conferencing equipment networking LAN and other equipment. Development of new product & technology. Other business expansion cost. Additional working capital requirement. General corporate purposes.

Sattrix Information Security Ltd Contact Details

Sattrix Information Security Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@sattrix.com

Website - www.sattrix.com