Basis of Allotment

(THIS IS ONLY A ADVERTISMENT FOR INFORMATION PURPOSE AND NOT A PROSPECTUS ANNOUNCEMENT NOT FOR DISTRIBUTION OUTSIDE INDIA)

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SATTRIX INFORMATION SECURITY LIMITED
CIN: U72200GJ2013PLC076845

Our company was incorporated as Sattrix Information Security private limited on September 16. 2013 at Ahmedabad as a private limited company under the provisions of Companies Act. 1956 with the Registrar of Companies. Ahmedabad. Gujarat Subsequently, the name of the company was changed to "Sattrix Information Security Ltd." pursuant to a special resolution passed by the shareholders of the company at the Extra Ordinary General Meeting held on 30th October. 2023. A fresh certificate of incorporation consequent upon change of name was issued on November 7. 2023 by the Registrar of Companies. Ahmedabad, Gujarat. The Corporate Identity Number of our Company is U72200GJ2013PLC076845. For further details, pertaining to the change of name of our Company upon conversion, please refer the chapter "History and Certain Corporate Matters" on page no. 144 of this Prospectus.

Registered Office: 28. Damubhai Colony. Bhattha Paldi, Ahmedabad 380007. Gujarat. India | Email ID: cs@sattrix.com Tel No.: +91 87358 25247 Website: www.sattrix.com | Contact Person: Ms.Rina Kumari, Company Secretary and Compliance Officer. |Our Promoters: Mr. Sachhin Kishorbhai Gajjaer and Mrs. Ronak Sachin Gajjar.

BASIS OF ALLOTMENT

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 SHAREPREMIUM OF 0 111 PER EQUITY SHARE) (THE ‘ISSUE PRICE"). AGGREGATING TO Rs. 2178.00 LAKHS ("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 IRESERVATION 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 EQUITYSHARE IS RS. 10 AND THE ISSUE PRICE IS 12 10 TIME OF THE FACE VALUE.THE ISSUE IS BEING MADE IN TERMS OF CHAPTER IX OF SEBI (ICDR) REGULATIONS. 2018 AS AMENDED FROM TIME TO TIME.

ISSUE OPENED ON 05th June, 2024
CLOSED ON 07th June, 2024

PROPOSED LISTING:

The Equity shares offered through the Prospectus are proposed to be listed on the BSE SME Platform of BSE Limited ("BSE') in terms of Chapter IX of the SEBI (ICDR) Regulations, 2018, as amended time to time. Our company has received In Principal approval letter dated May 10. 2024 from Ii BSE Limited {"BSE") for using its name in the Offer Document for listing of our shares on the BSE SME Platform of BSE Limited. For the purpose of the issue, the Designated Stock Exchange will be BSE Limited. The trading is proposed to be commenced on or about JUNE 12,2024. * Investors as the case may be. The balance net offer * Subject to the receipt of listing and trading approval from the BSE.i (a) or (b) shall/may be made available for allocation :re allowed to participate in the issue either through The issue is being made through Fixed Price Process, the allocation in the Issue category shall be made as per Regulation 253 (2) of SEBI (ICDR) Regulations, 2018 wherein a minimum of 50% of the Net Issue of shares to Public shall initially be made available for allotment to a) Retail Individual I of shares to the public shall be made available for allotment b) individual applicants other than retail investors and other investors including corporate bodies./ institutions irrespective of number of shares applied for. The unsubscribed portion of the net issue to any one of the categories specified in i in any other category, if so required. Explanation: Chapter IX. part VII (253) of SEBI (ICDR) Regulation, 2018. If the Retail Individual Investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All Applicants wer APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSB'') or through UPI Mechanism.

RISK TO INVESTORS

1) Our Equity shares have never been publicly traded, and may experience price and volume fluctuations following the completion of the Issue. Further, our Equity Shares may not result in an active or liquid market and the price of our Equity Share may be volatile and you may be unable to resell your Equity Shares at or above the Issue Price or at all.

2) The Average Cost of Acquisition of Equity Shares by our Promoters is as Follows:

Sr. No. Name of the Promoters No. of Shares held Average Cost ol Acquisition per Equity Share (in Rs.)
1. Mr. Sachhin Kishorbhai Gajjaer 10,00.000 0.02
2. Mrs. Ronak Sachin Gajjar 39.99.975 0.02

3)Weighted Average Cost ol Acquisition of Equity shares by our Promoters in last one year is as under:

Sr. No. Name of the Promoters No. of Equity Shares Acquired in the last one year Weighted Average Cost per Equity Share (in ?)*
1. Mr. Sachhin Kishorbhai Gajjaer 10.00.000 0.02
2. Mrs. Ronak Sachin Gajjar 39.99.975 0.02

*The weighted average cost of acquisition of Equity Shares for last one year by our Promoters has been calculated by taking into account the amount paid by them to acquire and Shares allotted to them as reduced by amount received on sell of shares i.e., net of sale consideration is divided by net quantity of shares acquired. Weighted Average Cost of Acquisition of Equity shares by our Promoters in last one year is as under:

ISSUER'S ABSOLUTE RESPONSIBILITY

Our Company, having made all reasonable inquiries, accepts responsibility for and confirms that this Prospectus contains all information with regard to our Company and this Issue, which is material in the context of this Issue, that the information contained in this Prospectus is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which makes this Prospectus as a whole or any of such information or the expression of any such opinions or intentions, misleading in any material respect. Information under Section 30 of the Companies Act, 2013each aggregating to *750.00/- Lakh. The present f *111/- per equity share. The information regarding the content of Memorandum of Association of our Company as regards Main Objects are available on page no. 144 of the Prospectus of the Company. The Liability of the Members is limited. Our Authorized Share Capital comprises of 7,50,00.000 Equity Shares of ?10/'- issued, subscribed and paid-up share capital comprises of 5,00,00,000 Equity Shares of ?10/- each aggregating to ?500.00/-Lakh. We are proposing to issue 18.00,000 Equity Shares of ?10/- each in terms of the Prospectus dated May 29.2024 at a price of ?121/- per share including premium of The Names of signatories to the Memorandum of Association of our Company at the time of Incorporation dated September 10.2013 and number of shares subscribed by them is as follows:

Sr. No. Name of Signatories No. of Equity Shares subscribed (Face Value ? 10/- each)
1. Mr. KISHOREBHAI DHIRAJLAL GAJJAR 5,000
2. Mr. SACHIN KISHORBHAI GAJJAR 5,000
10,000

The present capital structure of the Company is as follows;

Sr. No. Category of Shareholders No. of Shareholders No. of Share held % of Total
1. Promoter & Promoter Group 4 49,99,985 99.99%
2. Public 3 15 0.00%
TOTAL 10 50,00,000 100.00%

SUBSCRIPTION DETAILS

The issuer has received 39,118 applications for 12,28.25,000 equity shares resulting in 68.24 times subscription (including reserved portion of Market Maker and excluding bids not banked). Summary of valid application received (excluding bids not banked)

Sr. No. Category Gross Less: Rejections' Valid
Applns Equity Shares Applns Equity Shares Applns Equity Shares
1 Reserved for Market Maker 1 92000 - - 1 92000
2 Non-Retail Investors 4701 88317000 48 315000 4653 88002000
3 Retail Individual Investors 34416 34416000 795 795000 33621 33621000
Total 39118 122825000 843 1110000 38275 121715000

Allocation: The basis of allotment was finalized in consultation with Designated Stock Exchange - BSE Limited on June 10.2024.

A.Market Maker's Category (After Technical Rejections & Withdrawals): The basis of allotment to Market maker, at the issue price of Rs.121 per equity share, was finalised in consultation with BSE. The category was subscribed 1 time. The total no. of shares allotted in this category is 92000 Equity Shares.

No. of Shares applied for (Category wise) Number of applications received % to total Total No. ot Shares applied in each category % to total Proportionate shares available Allocation per Applicant (Before Rounding off) Allocation per Applicant (After Rounding off) Ratio ol allottees to applicants Number ol successful applicants (alter rounding) Total No. of shares allocated Surplus/Delicit
92000 1 100.00 92000 100.00 92000 92000 92000 1 1 1 92000 -

B.AIIocation to Retail Individual Investor (After Technical Rejections & Withdrawals)

The basis of allotment to Retail Individual Investor, at the issue price of Rs.121 per equity share, was finalised in consultation with BSE. The category was subscribed 39.37 times. The total no. of shares allotted in this category is 8.54.000 Equity Shares.

No. of Shares applied lor (Category wise) Number of applications received % to total Total No. of Shares applied in each category % to total Proportionate shares available Allocation per Applicant (Before Rounding off) Allocation per Applicant (After Rounding off) Ratio of allottees to applicants Number of successful applicants (after rounding) Total No. of shares allocated Surplus/Deficit (14)-(7)
3,36,21,000 33,621 100.00 3,36,21,000 100.00 8,54,000 25.4 1000 19 748 854 8,54,000 0

C.Allocation lo Other than Retail Individual Investor (Alter Technical Rejections & Withdrawals)

The basis of allotment to Other than Retail Individual Investor, at the issue price of Rs. 121 per equity share, was finalized in consultation with BSE. The category was subscnbed 103.05 times. The total no. of shares allotted in this category is 8.54.000 Equity Shares.

The category wise details of the Basis of Allotment are as under (sample basis):
No. of Shares applied for (Category wise) Number of applications received % to total Total No. of Shares applied in each category % to total Proportionate shares available Allocation per Applicant (Before Rounding off) Ratio of allottees to applicants Number of successful applicants (after rounding) Total No. of shares allocated Surplus/Deficit (14M7)
(2) (3) (4) (5) (6) (7) Before Rounding off (8) After Rounding off (9)

(10)

(12) (14) (16)
2000 233 5.01 699000 0.79 6783 29.11 1000 7 233 7 7000 217
3000 258 5.54 1032000 1.17 10015 38.82 1000 5 129 10 10000 •15
4000 140 3.01 700000 0.80 6793 48.52 1000 1 20 7 7000 207
5000 81 1.74 486000 0.55 4716 58.22 1000 5 81 5 5000 284
6000 91 1.96 637000 0.72 6182 67.93 1000 6 91 6 6000 •182
7000 379 8.15 3032000 3.45 29423 77.64 1000 29 379 29 29000 -423
8000 318 6.83 2862000 3.25 27774 87.34 1000 14 159 28 28000 226
9000 175 3.76 1750000 1.99 16983 97.05 1000 17 175 17 17000 17
10000 44 0.95 484000 0.55 4697 106.75 1000 5 44 5 5000 303
11000 32 0.69 384000 0.44 3726 116.44 1000 1 8 4 4000 274
12000 22 0.47 286000 0.32 2775 126.14 1000 3 22 3 3000 225
13000 38 0.82 532000 0.60 5163 135.87 1000 5 38 5 5000 -163
14000 49 1.05 735000 084 7133 145.57 1000 1 7 7 7000 -133
15000 22 0.47 352000 0.40 3416 155.27 1000 3 22 3 3000 -416
16000 24 0.52 408000 0.46 3959 164.96 1000 1 6 4 4000 41
17000 32 0.69 576000 0.65 5590 174.69 1000 3 16 6 6000 410
18000 14 0.30 266000 0.30 2581 184.36 1000 3 14 3 3000 419
19000 81 1.74 1620000 1.84 15721 194.09 1000 16 81 16 16000 279
GRAND TOTAL 4653 100.00 88002000 100.00 854000 519 854000 0

The Board of Directors of the Company at its meeting held on June 10.2024 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for allotment of the Equity Shares to various successful applicants. The Refund/allotment intimation will be dispatched to the address of the Applicants as registered with the depositories on or about June 10.2024. Further the instructions to Self-Certified Syndicate Banks for unblocking the funds will process on or about June 11.2024. In case the same is not received within ten days. investors may contact Registrar at the address given below

The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on BSE SME Platform of IBSE Limited within three working days from the date of the closure of the issue.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them the Prospectus dated MAY 29.2024 ("Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue. Bigshare Services Private Limited, at https;// www.bigshareonline.com/. All Future correspondence in this regard may kindly be addressed to the Issue quoting full name of the First/Sole applicants, serial number of the application from number of Shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

BIGSHARE SERVICES PVT LTD.
1 st Floor, Bharat Tin Works Building,
Opp. Oasis, Makwana Road, Marol, Andheri East, Mumbai - 400 059 | Tel No.: +91 - 22 - 62638200 | Fax: +91 22 62638299
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com | Contact Person: Mr. Babu Rapheal
SEBI Registration No.: INR000001385
For SATTRIX INFORMATION SECURITY LIMITED
On behalf of the Board of Directors
Date: June 10,2024 Sd/-
Place: Ahmedabad Mr. Sachhin Gaijaer Managing Director
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