Sattrix Information Security Ltd (BSE: SME), a leading IT and cybersecurity provider, made a strong debut on the BSE SME platform, listing at ₹150 with a premium of 23.96%. The IPO received an overwhelming response, oversubscribed 70 times, with strong interest from retail and institutional investors.
The company plans to leverage the funds for expansion initiatives, including technology advancements, R&D, and SOC/NOC growth. They also aim to strengthen their presence in the Indian SMB and mid-market segments.
Commenting on the success, Mr. Sachhin Gajjaer, said: We are thrilled with the overwhelming response to our IPO, which reflects the confidence investors have in our company’s vision and growth trajectory. Over the past 10 years, Sattrix Information Security Ltd. has navigated numerous challenges and obstacles to reach this significant milestone. This achievement is a testament to the dedication and hard work of our team, the unwavering support from our clients and partners, and the belief of our investors in our mission. We are immensely grateful to everyone who has been part of our journey and contributed to our success. Together, we have built a strong foundation, and we look forward to continuing our growth and innovation in the cybersecurity industry.
About Sattrix Information Security Ltd:
Sattrix Information Security offers a comprehensive suite of cybersecurity solutions, including assessments, consultations, and managed services. With a growing clientele and a diversified service portfolio, the company is well-positioned for continued success.
Disclaimer:
Statements in this press release are subject to market risks and uncertainties. Actual results may differ, and Sattrix Information Security Ltd. undertakes no obligation to update these statements in the future.
