Globesecure Technologies Limited IPO Detail
Globesecure Technologies is a digital transformation company in India that offers cyber security services. The company has executed several cyber security transformation projects, infrastructure, and digital transformation projects for various institutions and individuals.
The company's business line is classified into three divisions: Cyber Security, Integrated Enterprise Solutions, and Managed Services including cyber forensics, cyber security, data security services, protection of computer networks, Email security, server consolidation and transformation, hosting, infrastructure-as-a-service, cloud-based big data and analytics solution, application modernization, etc.
As on May 16, 2022, the company had 16 employees across the key business verticals.
Competitive Strengths
- 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.
Company Promoters
Mr. Ragavan Rajkumar and Mr. Saravanan Narayanasamy are the company promoters.IPO Details
| IPO Opening Date | May 23, 2022 |
| IPO Closing Date | May 25, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹29 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹10.13 Cr |
| Fresh Issue | 3,492,000 shares of ₹10 (aggregating up to ₹10.13 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.13x | 0.89x | 0.51x | |
| Day 2 | - | - | 0.45x | 1.31x | 0.88x | |
| Day 3 | - | - | 23.70x | 4.64x | 14.17x |
IPO Tentative Timetable
The Globesecure Technologies Limited IPO open date is May 23, 2022, and the close date is May 25, 2022. The issue may list on Jun 02, 2022.
| IPO Open Date | May 23, 2022 |
| IPO Close Date | May 25, 2022 |
| Basis of Allotment Date | May 30, 2022 |
| Initiation of Refunds | May 31, 2022 |
| Credit of Shares to Demat Account | May 31, 2022 |
| IPO Listing Date | Jun 02, 2022 |
IPO Lot Size
The Globesecure Technologies Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹116000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹116000 |
| Maximum | 1 | 4000 | ₹116000 |
IPO Promoter Holding
| Pre Issue Share Holding | 58.05% |
| Post Issue Share Holding | 35.80% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Dec-21 | 2976.03 | 1116.99 | 111.16 |
| 31-Mar-21 | 2759.19 | 1922.57 | 100.47 |
| 31-Mar-20 | 2243.19 | 1924.27 | 11.81 |
| 31-Mar-19 | 1565.29 | 1042.87 | 61.74 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objects:
1. To part finance the Working Capital Requirements.
2. General Corporate Purposes.
3. To meet Issue Expenses.
Globesecure Technologies Limited IPO Registrar:
Skyline Financial Services Private Ltd
Globesecure Technologies Limited IPO Lead Manager(s):
Fast Track Finsec Pvt Ltd (Past IPO Performance)
Company Contact Information:
Globesecure Technologies Limited
C-321, 215 Atrium, M.V. Road, Near Courtyard Marriott Hotel,
Andheri -East, Mumbai-400093
Mumbai
