IT and cyber security solutions provider Sattrix Recordsdata Security has filed its draft crimson herring prospectus (DRHP) with the BSE SME for an IPO. The enlighten is entirely a current equity sale of 18 lakh shares and thru it, the corporate plans to lift spherical Rs 20 crore.
In the final public provide, about 50% is reserved for allocation to retail merchants and the the assorted 50% will likely be allocated to non-retail merchants.
With a well-known presence spanning the Heart East and the US, as well to India, Sattrix Recordsdata Security plans to utilise the raised capital to gas its enlargement initiatives.
A piece of secure proceeds are proposed to be used for technological enhancements, study, innovation, and the kind of current solutions. Extra, a well-known share will likely be directed toward improving the protection operations center (SOC) and network operations center (NOC) setup.
The corporate is also planning a concerted effort to pork up its presence in India, with a strategic emphasis on tapping into project SMBs, and the mid-market segment.
Additionally Be taught: Slone Infosystems IPO opens this day: Take a look at enlighten size, mark band, GMP and assorted principal aspects
"It is far a well-known milestone for us, and we imagine it would present us with the principal resources and publicity to form our long-term remark targets and pork up our market presence," said Sachhin Gajjaer, MD, Sattrix Recordsdata.
Sattrix gives a range of cybersecurity services and products, including assessments to name weaknesses, expert services and products that embody abilities session and transformation initiatives equivalent to cloud migration and digital transformation, and managed services and products for twenty-four/7 make stronger.
By taking part with a gargantuan likelihood of govt and non-govt organizations, Sattrix has vastly expanded its clientele exact thru the closing fiscal twelve months. To boot to its solid IT and cybersecurity offerings, the corporate has additional a great deal of its carrier portfolio to serve change into Technology and Operations interior enterprises.
ISK Advisors is the sole e book-working lead supervisor to the final public provide and Bigshare Companies will act because the registrar.
