01-01-1970 12:00 AM | Source: Accord Fintech
Sat Industries touches roof on investing Rs 1.65 crore in 18 start-ups during Q4FY22
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Sat Industries is locked its upper circuit limit of Rs. 48.10, up by 4.35 points or 9.94% from its previous closing of Rs. 43.75 on the BSE.

The scrip opened at Rs. 43.75 and has touched a high and low of Rs. 48.10 and Rs. 43.75 respectively. So far 112592 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 62.40 on 10-Jan-2022 and a 52 week low of Rs. 16.00 on 19-May-2021.

Last one week high and low of the scrip stood at Rs. 48.10 and Rs. 39.25 respectively. The current market cap of the company is Rs. 542.24 crore.

The promoters holding in the company stood at 51.59%, while Non-Institutions held 48.41%.

Sat Industries has invested Rs 1.65 crore in 18 start-ups during Q4FY22. During the quarter, Sat has invested an average cheque size of Rs 11 lakh each in Raskik (FMCG), Healthy Barks (FMCG), BotSync (Robotics), Ethereal Machine (Tech), Broomees (Consumer), Castler (Fintech), Wizzy (Tech), CarterX (Logitech), Pension Box (Fintech), Red Basil (Food tech), PinBox (Fintech), Devnagri (Tech), Prescinto (Tech), Celsius (Cold chain Logitech), Pick My Work (HR-Tech), Fleek (Tech), and Flickstree (Consumer)

The company has also invested in Angel funds and VC funds such as 9Unicorn, India Quotient, Blinc Invest, Artha, Z Nation Growth Fund and Beams Fintech Fund. These funds in turn invests their corpus in various start-ups. The company invests in seed stage and early-stage startups which have innovative business models and high potential for scaling by using new age disruptive technology.

Sat Industries has presence in a wide range of activities such as manufacturing, global outsourcing of products & services, real estate, mining and marketing activities in the field of coals.