Globesecure Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have an elaborated conversation about the Globesecure Technologies IPO. In this article, we will be giving information about each crucial characteristic of the company and its IPO.
We will comprehend topics like the background of the company, products and, services offered by it, promoters, financial statements, information regarding the IPO including share offerings, price, important dates, subscription status, allotment status ad more.
Globesecure Technologies IPO Review will give the investors brief insights into the affairs of the company and the prosperity of the upcoming IPO.
| Face Value | Rs 10 |
| Price Band | Rs.29 |
| Listing At | NSE SME |
| Min. Order Quantity | 4000 Shares |
| Listing Date | Jun 2, 2022 |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.1013 Crore |
| IPO Size | Rs.1013 Crore |
| Tick Size | 1 |
Globesecure Technologies IPO Overview
The software developing company, Globesecure Technologies Limited has proposed an IPO of 34,92,000 Equity Shares.
The IPO will be listed on the NSE EMERGE platform. The NSE EMERGE platform is a new initiative of NSE to proffer a listing platform for emerging enterprises. It paves opportunities for investors to invest in the emerging companies with growth plans, innovative ideas and lead themselves with good governance,
Globesecure Technologies IPO Important Dates
| Events | Date |
| IPO Opening Date | May 23, 2022 |
| IPO Closing Date | May 25, 2022 |
| Basis of Allotment Finalization | May 30, 2022 |
| Refunds Initiation | May 31, 2022 |
| Credit of Shares to Demat Account | May 31, 2022 |
| Share Listing Date | Jun 2, 2022 |
Globesecure Technologies IPO Date is on May 23, 2022. The company is eyeing the approval from SEBI for the preliminary papers filed by it. Thereafter, the company has declared the IPO date.
IPO Date is the date when the agreement in respect of underwriting takes place between the Company and the underwriter. The IPO date will have its significance in determining the success of the IPO. The IPO will be live for the public for a minimum of 3 days subject to a maximum of 10 days.
Globesecure Technologies IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Rs.29 |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.1013 Crore |
| IPO Size | Rs.1013 Crore |
Globesecure Technologies IPO Size is 34,92,000 Equity Shares. IPO will consist of a fresh issue of shares. The net proceeds will be utilized towards the objects led out in the DRHP. In the IPO, some portion will be reserved for Market Makers and shares will be offered to the public after reducing such reservation portion.
The IPO is a fixed price issue, therefore the Globesecure Technologies IPO Price will be determined by the company itself in consultation with the Lead Manager. The face value of the shares is Rs. 10 each.
Globesecure Technologies IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Trading in Grey Market yet | |||
No information in regards to Globesecure Technologies IPO GMP is available upto now. The IPO date has not been revealed till now. We can expect activity in the Grey Market after the IPO date is out.
Grey Market happens to be an unregulated market where securities of the issuing entity trade before the listing on the stock exchange. Grey Market Premium is the amount which is observed to estimate the price of the equity shares which are offered in the IPO when these shares are listed on the exchange.
Globesecure Technologies IPO Subscription Status
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 23rd May | 0.13x | 0.89x | 0.51x |
| 2nd Day – 24th May | 0.45x | 1.31x | 0.88x |
| 3rd Day – 25th May | 23.70x | 4.64x | 14.17x |
| Shares Offered or Net Issue | 1,656,000 | 1,656,000 | 3,312,000 |
We will update Globesecure Technologies IPO Subscription status once the IPO is live to accept bids from the general public.
This is a Fixed Price Issue. In this IPO, 50% of the offer will be reserved for the Retail Investors and the rest 50% will be available for allocation to Non-retail investors. Also, in case the demand of the Retail Investors is less than the reserved portion, in such case, the remaining portion of Retail will be added to the non-retail investor portion for a subscription.
The Lead Managers of the issue are:
- Fast Track Finsec Private Limited
The details in respect of the price band and subscription will be made available in a short time.
Globesecure Technologies IPO Allotment Status
Globesecure Technologies IPO Allotment is not determined till now. The basic o accounts allotment of the issue will be determined by the company. The allotment of shares will only take place in dematerialized form, therefore investors are suggested to first contact the entities offering trading accounts and Demat accounts to participate in the IPO.
The Registrar to this Issue is Skyline Financial Services Private Limited.
Globesecure Technologies IPO Live Performance
To check the Globesecure Technologies IPO Performance, click on the given below link. Globesecure Technologies IPO Price will be updated here in real-time after the IPO is open and listed.
Subscribe to Globesecure Technologies IPO – Open Free Demat Account Now!
Globesecure Technologies – Company Review
Originally the company was incorporated in the form of a private company as Globesecure Technologies Private Limited in the year 2016.
Later in the year 2019, the company converted its status from a private company to a public company, and subsequently, the name was changed to Globesecure Technologies Limited. The headquarters of the company is situated in Mumbai.
The company is engaged in the business of software development. They design and supply which are customized for catering their software to customers’ requirements. They offer their impeccable services to a large group of entities.
In their custom software niche, they provide made-to-order software according to the specifications and demands of users.
Products or Services
The Mumbai-based digital transformation company, Globesecure Technologies Limited is indulged in software publishing, supply, and consultancy.
The company offers a plethora in its software services including documentation of ready-made software, customized software, business application software operating systems software, gaming software for computer devices.
They understand the needs of their customers and curate a well-designed system for satisfying the purpose.
The entity is a nationally recognized system and technology integrator dedicated towards Monitoring, Security, Acceleration, Networking, Application delivery control, Performance, and Storage systems.
We can deduce down the operations of the company in majorly three broad categories, namely,
- Cyber Security
- Integrated Enterprise Solutions
- Managed Services.
Promoters and Holding
The Promoter of Globesecure Technologies Limited are:
- Ragavan Rajkumar
- Saravanan Narayanasamy.
The management of the company comprises of the following:
- Ragavan Rajkumar holds the position of Managing Director and Chairman
- Sonam Ragavan holds the position of Executive Director
- Ajay Kumar Verma holds the position of Executive Director
- Sushilkumar Agrawal holds the position of Independent Director
- Gopala Ramratnam holds the position of Independent Director
- Asheesh Chatterjee holds the position of Independent Director
- Uttam Dhirajlal Dhanesha holds the position of Chief Financial Officer
- Heta Desai holds the position of Company Secretary
Is Globesecure Technologies good for Investment?
The five-year-old digital transformation company which emphasizes cyber security offers tailor-made design, integration, and technical services to its customers.
For implementing effective services, the company has developed a structure by which it renders solutions including solution design, project implementation, training, and, technical support post project completion.
With their extensive variety of services including solution design, consultation, implementation, monitoring, architecture, and providing managed services Globesecure Technologies Limited has attained a distinct place in the industry and is spreading its reach to diversified sectors continuously.
The company develops customized software plans to suit the requirements of specified users. They also offer ready-made software documentation.
The Globesecure Technologies IPO will bring about new energy and aspirations in the operations of the company. The company will gain the advantages of listing.
Globesecure Technologies Financial Statements
| Amount (in INR & Lakhs) | ||||
| 31-Dec-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Assets | 2976.03 | 2759.19 | 2243.19 | 1565.29 |
| Revenue | 1116.99 | 1922.57 | 1924.27 | 1042.87 |
| Expense | 967.67 | 1784.66 | 190.61 | 956.66 |
| Profit After Tax | 111.16 | 100.47 | 11.81 | 61.74 |
The financial statements of Globesecure Technologies reflects the following:
Total revenue for the financial year 2019, 2020, and 2021 were Rs. 10.42 crore, Rs. 19.24 crore and Rs. 19.22 crore respectively.
The profits earned from the operations for the financial year 2019, 2020,d 2021 were Rs. 86.20 lakh, Rs. 18.10 lakh and Rs. 1.37 crore.
Further, the DRHP also provides the records for the six months of 2021 ended September 2021, where the total revenue stood at Rs. 3.08 crore and the profit for the same period was Rs. 14.82 lakh.
Talking about the EPS, the company is witnessing a fluctuating EPS. The EPS dropped in 2020 to Rs. 0.02 as compared to 2019 of Rs. 1.58, but later in 2021 it gained better progress and recorded an EPS of Rs. 2.01.
| Earnings per Equity Share (in Lakhs) | ||||
| 31-Dec-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 1.98 | 2.01 | 0.02 | 1.58 |
Globesecure Technologies IPO Review
Globesecure Technologies IPO is a propitious opportunity for the company. The object of the IPO is to finance the working capital requirements and for other general corporate purposes. The IPO is a Fresh Issue of 34,92,000 equity shares. The IPO will be listed on the NSE EMERGE platform. NSE EMERGE is an initiative of NSE for SME businesses.
Through the IPO, Globesecure Technologies will achieve the right exposure and it will help in growing the operations of the company and also in uprising the value of the company.
The company serves various institutes and undertakes cyber security transformation projects, infrastructure, and digital transformation projects.
Their operations are not limited to this, they also fabricate customized solutions as per the demand.
Globesecure Technologies IPO Details
Here are a few more details you need to know before investing in Globesecure Technologies IPO –
Globesecure Technologies IPO Issue Object
Globesecure Technologies has proposed diverse objectives for making the IPO offer and some of the objectives are:
- To part finance the Working Capital Requirements;
- General Corporate Purposes; and
- To meet Issue Expenses.
Globesecure Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Management who lead the company to scale up and expand into new opportunities
- Dedicated tech support team to provide services/ solutions to our customers
- Handled complex migration projects
- Dynamic revenue model with continued relation with clientele
Quantitative factors are:
| Basic EPS | Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 2.01 | 3.33 | 13.55 | 14.83 |
| 31-Mar-20 | 0.02 | 0.02 | 1.84 | – |
| Mar-19 | 1.58 | 2.01 | 13.22 | – |
Globesecure Technologies IPO Lead Managers
Here is the list of Lead managers –
- FAST TRACK FINSEC PRIVATE LIMITED
Globesecure Technologies IPO Registrar to offer
Check out the details of the registrar here –
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India
Telephone: 011 40450193-97
Facsimile: 011 26812682
Email:virenr@skylinerta.com
Investor grievance email:info@skylinerta.com
Contact Person: Mr. Aok Gautam
Website:www.skylinerta.com
SEBI Registration Number: INE00003241
CIN: U74899DL1995PTC071324
Globesecure Technologies IPO – Other Details
- Statutory Auditor – Kumbhat & Co
- Legal Counsel to the Company – Zastriya, Attorneys & Legal Consultants
- Bankers to the Company – NA
Globesecure Technologies IPO – Conclusion
The NSE Emerge listing IPO of Globesecure Technologies Limited might turn out as a prosperous opportunity. The company will become listed and will be subject to the regulations and transparency requirements.
The technology-driven entity majorly operates in cyber securities which is a progressive and growing aspect of the business. With the entailed risk factors, the investors can consider the IPO.
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Globesecure Technologies IPO Review FAQs
Check out the FAQs on Globesecure Technologies IPO –
What is the Issue Size of Globesecure Technologies IPO?
The Company is making an initial public offer of 34,92,000 equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Globesecure Technologies IPO?
The price band for this particular IPO ranges between Rs.29. As far as the face value of the share is of concern, it is Rs.1 per share.
What is the Globesecure Technologies IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on May 23, 2022, while the closing date is set at May 25, 2022.
What is the Globesecure Technologies IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on May 30, 2022, refund initiation is on May 31, 2022, credit of shares is on May 31, 2022, and share listing date is on Jun 2, 2022.
What is the Globesecure Technologies IPO Listing Date?
Shares of this company shall be listed in the exchanges Jun 2, 2022. The date, when the listing would be done, is stagnant on Jun 2, 2022.
Who is the Registrar of Globesecure Technologies IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Globesecure Technologies IPO?
Here are the promoters of this IPO – RAGAVAN RAJKUMAR AND SARAVANAN NARAYANASAMY. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Globesecure Technologies IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Globesecure Technologies IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Globesecure Technologies Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Lakhs is 100.47, 2020 is 11.81, 2019 is 61.74. PAT from Dec 2021 is 111.16.
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