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Global Space IPO is a fixed price issue of Rs 20.02 crores.
Global Space IPO bidding started from July 26, 2017 and ended on July 28, 2017. The shares got listed on BSE SME on August 7, 2017.
Global Space IPO price is ₹66 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹132,000.
Choice Capital Advisors Pvt Ltd is the book running lead manager of the Global Space IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Global Space IPO RHP for detailed information.
| IPO Date | July 26, 2017 to July 28, 2017 |
| Listing Date | August 7, 2017 |
| Face Value | ₹10 per share |
| Price | ₹66 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,034,000 shares (aggregating up to ₹20.02 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 8,422,601 |
| Share holding post issue | 11,456,601 |
Global Space IPO offers 3,034,000 shares. 1,517,000 (50.00%) to NII, 1,517,000 (50.00%) to RII.
| Investor Category | Shares Offered | |
|---|---|---|
| Anchor Investor Shares Offered | - | |
| Market Maker Shares Offered | - | - |
| Other Shares Offered | 1,517,000 (50.00%) | |
| Retail Shares Offered | 1,517,000 (50.00%) | |
| Total Shares Offered | 3,034,000 (100%) |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹132,000 |
| Retail (Max) | 1 | 2000 | ₹132,000 |
| Lot Size Calculator | |||
Incorporated in 2010, Global Space Technologies Ltd (GSTL) is a Software Product Platform Company with focus on Enterprise Mobility SaaS based solutions, providing integrated software & hardware product platforms and solutions to enable large and medium enterprises embrace mobility & digital technology for their business enhancement.
The Company provides domain specific mobility & digital technology products by leveraging contemporary web, mobile technology, big data, analytics & custom hardware to deliver customizable and configurable solutions to different industry verticals. GSTL launched its flagship product for pharmaceutical industry in the year 2011. Its technology platform has been constantly evolving and now includes industry solutions in Banking, Financial Services, Insurance and Education. The company has a considerable client list, which includes some of the reputed pharma companies, banking conglomerates & large education groups i.e. Cipla, Maruti, Ipca, BoI, SBI, Glenmark, Bajaj etc.
The object of the issue are:
1. Expenditure on Research and Development;
2. Advertising and sales promotion;
3. Funding incremental working capital requirements;
4. General Corporate Purposes.
[Dilip Davda] No harm in giving this greedily priced offer a miss. Update 07/24/2017 After interaction with the merchant bankers, ipo valuation is done in line with global peers which trades at more than 8 times P/E of this company. Peers shown in prospectus are not comparable in true sense as they are not in healthcare segment. GSTL derives over 60% revenue from healthcare biz and is rapidly growing. FY 16 bottom-line decline is due to R and D and product development provisions. Management is confident of maintaining the growth in top and bottom lines. This is the fourth mandate from merchant banker and the last IPO opened at 5% premium to offer price on listing day. Based on this we have revised conclusion as: Conclusion : Investment may be considered for short to long term. (Subscribe) Read detail review...
The Global Space IPO is subscribed times on July 28, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | |
| Retail | |
| Total |
| Listing Date | August 7, 2017 |
| BSE Script Code | 540654 |
| NSE Symbol | |
| ISIN | INE632W01016 |
| Final Issue Price | ₹66 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹66.00 |
| ₹60.05 |
| ₹60.05 |
| ₹60.05 |
| ₹60.05 |
Global Space Technologies Ltd
Office No. 605, 6th floor, A-1, B-Wing,
Rupa Solitaire Bld Millennium Business Park
MIDC, Mahape, Navi Mumbai 400 710
Phone: +91 22 49452014
Email: investors@globalspace.in
Website: http://www.globalspace.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: globalspace.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Global Space IPO is a SME IPO of 3,034,000 equity shares of the face value of ₹10 aggregating up to ₹20.02 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000 Shares.
The IPO opens on July 26, 2017, and closes on July 28, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Global Space IPO opens on July 26, 2017 and closes on July 28, 2017.
Global Space IPO lot size is 2000 Shares, and the minimum amount required is ₹132,000.
You can apply in Global Space IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Global Space IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Global Space IPO allotment status.
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when is this getting listed ?