Sattrix IPO: The Sattrix Information Security Ltd IPO witnessed remarkable investor interest, with subscription exceeding 70 times the offered shares. With the bidding period concluded, investors now await the allotment status, scheduled for June 10.
Investors who participated in the public issue can conveniently check their Sattrix IPO allotment status online through the BSE website and the official portal of IPO registrar, Bigshare Services Pvt Ltd.
Shares will be credited to the demat accounts of successful allottees, while refunds for unsuccessful bidders are set to commence on June 11.
To check the Sattrix IPO allotment status online:
- Visit the IPO registrar website: https://ipo.bigshareonline.com/ipo_status.html
- Select ‘Sattrix Information Security Limited’ from the dropdown menu.
- Choose among Application No, Beneficiary Id, or PAN from the selection type.
- Enter the details as per the chosen option.
- Complete the Captcha and click on ‘Search’ to view your allotment status.
Additionally, the Sattrix IPO’s grey market premium (GMP) stands at ₹14 per share, indicating a trading premium compared to the issue price. Considering this, the estimated listing price is around ₹135 per share, reflecting an 11.57% premium over the issue price of ₹121.
The IPO witnessed robust subscription, with overall bids reaching 70.44 times the offered shares. The retail category saw a subscription of 37.76 times, while the Other category was oversubscribed by 87.88 times.
The subscription period for the Sattrix IPO ran from June 5 to June 7, with tentative listing on BSE SME scheduled for June 12.
With the net proceeds from the IPO earmarked for capital expenditure, business expansion, working capital requirements, and general corporate purposes, Sattrix Information Security aims to continue its trajectory of developing customer-centric cybersecurity solutions.
