Globesecure Technologies Limited IPO Message Board (Page 2)

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6.5/7.5

That's huge. Seeing avoid by Dilip.

I am interested in selling at gmp of rs7.

Any updation on todays GMP

GMP 2 rs.

@Dinesh,lokes, Amit how many lot allot you

Allotted 1 lot out of 2 retail

Allotment out i got 1/1

Allotment will be out today.

Any news dabit or unblock?

Possibility of 10-15% Gain subject to market sentiments.

GMP 2.5 rs

Please read rhp
Ramesh damani family(Sunita damani, sanjay damani) invested in company by taking 11 lakhs shares

This is great news.
Let's see the impact of this on listing gain.

First time read the complete RHP of any company. Interesting findings,

1. They mentioned "Awards and Recognitions: 2021 Received “Top Partner Asia South” by PulseSecure", unable to find anything relevant.
I am a daily user of PulseSecure. If this is true info then it is good for an investor.
2. Company promoter (and his wife) takes a salary of approx 38 lac per annum along with other benefits.
3. Company has taken a secured loan of approx 5 cr from ICICI Bank at 8.4% ROI.
4. Other unsecured loans' amounting to approx 1 cr at ROI ranging from 15 till 28%
5. Only 16 employees and only 3 working for their core technical part. Imagine if these 2-3 leaves or something bad happens to them.
6. Out of this 10 cr from issue, approx 1.5 cr is going towards Issue Related expenses, which seems pretty high to me.
7. Biggest promoter himself joined the company not more than 5-6 years ago.
8. Promoter and his wife gave loans to the company of around 2.5 cr.

I read full RHP for the first time. So these things may be very normal things in SME companies but new and alarming to me.
Thought of sharing it with you all.

Thanks.

Disc: I do have 5 retail UPI mandates pending of 1 lot each, not accepted a single one of them.
Not sure, what I will do, accept or avoid., will be deciding later before 12 PM today.

@GJ , Good work and very valid points, your post made me have a cursory look at rhp and I´d further red flag negative operating cash flows, high debt, bank balance Rs 38. Receivables 9cr from group companies (all have accumulated losses)

@ultrasnow,
Thanks to you too. I missed the points you covered.
Especially this 38 rs balance and 9 cr debt things.

Seems like not much enthu in people who applied here.
Not many are talking about allotment results.

Anyways, best of luck to all.
Praying for a good listing as the broader market also recovered over the last few days.

@Lokes.. and others applied with UPI... are you accepting mandates ???

Technical staff of only three serving three divisions: Cyber Security, Integrated Enterprise Solutions, and Managed Services including cyber forensics, cyber security, data security services............... strange...

@lokes,

I agree all kinds of staff are necessary.

But partially beg to differ with the 2nd part, "getting techies is not so tough."
It is not tough to hire a techy but if your whole company is dependent on 2-3 of these types. You need really good tech people to handle those things or else they will be the reason for closing the company or declaring bankruptcy.

Again agreed with the last part, 5-10% listing gain is also enough.
I suspect more listing gain by looking at the broader market situation improvement and demand from NII.

i was allotted 2 lots here in my retail applications and sold 1 lot at UC price 38.3 on listing day and holding other lot still....
it proved to be good bet where mostly were shying away initially but i informed one day before closing itself to apply and it had good subscriptions and good listing. This sector is good and promising and sme financials/PE was also above average. It has Performed much better than fone4/sonu infratech/nanavati etc which had un-necessary hype and more subscriptions without any good financial/sector in any of them.

It seems that this sme is going to rock.Lets wait n watch to began the game.

First get the allotment and then play the game.
Allotment will be 1:4....which is not easy in Retail.

Yes sir thats why applied 2 retail only n at that time subscription was 2.8 times n after 3.30 it also blasted. So hoping for 1 allotment.

@m.ravi,avenu,noorul

Are you applying here?
Lokes already told he is applying.

Thanks avenue

@Bhav and others,
I did not visit the SME pages last few days. missed this totally, no regrets any way.

All the best to those applied for good listing. 👍

Thanks

I might apply for a application above 5crs

@Dinesh how u managed to see his quantity?

Please refer NSE Circular at Nse Emerge site.

@lokes and other experts,
Since HNI is subscribed more than Retail here,
is there any rule that Retail portion of shares will now moved to HNI?
Like it happened in case of Retail subscribed more than HNI.
Please confirm.

That rule of moving share (adjusting subscription equally) is applicable only when FINAL retail subscription is more than HNI , mainly to give more preference/priority to retail investors demand. Else this current case of more hni subscription than retail is a general thing in good sme ipos and there is no share movement etc. in this case.

Thanks @lokes you are so genius.
Many thanks.

16 employees, kuch jyada nahi he manpower inke pass? 😂

Read RHP in depth and found this.
Out of these 16 also, only 3 employees are working for their core part of the company that is Tech, IT, etc

my upi mandate was rejected due to wrong upi pin. i have applied via edelweiss. is there any way to reinitiate the upi mandate???

NO

I do not see much value in the company. Only 16 employees! 3% profit on 30 Crore revenue! For me it looks highly risky company.

Looking at the subscription numbers, one can get tempted to try for listing gains. Being a small IPO, operators will control & if one is lucky can make some 10-15% gain and exit at the right time.

30 Cr revenue, where it is mentioned?

Need to exit on listing day.

@lokesh@avenue@noorul. What is the listing price are you expecting for this SME .any views

Minimum 20% listing gain is expected irrespective of the market situation.

Kind of sudden jump from 3x to 4x in last 30 min approx.

in retail

Sorry 11 Crore revenue. I mistook the asset value as revenue. It works out to 10% profit.

Nowdays Subscription can easily be faked in both retail/hni with upi mandates etc. And in recent average sme's like sonu infratech, nanavati, and fone4 etc, all came down a lot even after having double digit subscriptions. it becomes tough to come out once they start moving down and then losses keep increasing. Even all other good sme's are also going down in these days.
So exit at right time is also important, if we are applying, since we can't be sure which one will go in which direction.

It's good to see old time good HNI subscriptions, 23x.
Seeing those figures I applied 3 Retail UPI based applications. I have not even followed this SME IPO but will see now as I have time till tomorrow to accept mandates...

With UPI ID which broker/platform allow IPO application?
By which broker are you applied this sme IPO with UPI ID?