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Globesecure Technologies IPO is a fixed price issue of Rs 10.13 crores. The issue is entirely a fresh issue of 34.92 lakh shares.
Globesecure Technologies IPO bidding started from May 23, 2022 and ended on May 25, 2022. The allotment for Globesecure Technologies IPO was finalized on Monday, May 30, 2022. The shares got listed on NSE SME on June 2, 2022.
Globesecure Technologies IPO price is ₹29 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹116,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹232,000.
Fast Track Finsec Pvt Ltd is the book running lead manager of the Globesecure Technologies IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Globesecure Technologies IPO RHP for detailed information.
| IPO Date | May 23, 2022 to May 25, 2022 |
| Listing Date | June 2, 2022 |
| Face Value | ₹10 per share |
| Price | ₹29 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,492,000 shares (aggregating up to ₹10.13 Cr) |
| Fresh Issue | 3,492,000 shares (aggregating up to ₹10.13 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,656,000 |
| Share holding post issue | 1,656,000 |
| Market Maker portion | 180,000 shares |
Globesecure Technologies IPO offers 3,492,000 shares. 1,656,000 (47.42%) to NII, 1,656,000 (47.42%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 180,000 (5.15%) |
| Other Shares Offered | 1,656,000 (47.42%) |
| Retail Shares Offered | 1,656,000 (47.42%) |
| Total Shares Offered | 3,492,000 (100%) |
Globesecure Technologies IPO opens on May 23, 2022, and closes on May 25, 2022.
| IPO Open Date | Monday, May 23, 2022 |
| IPO Close Date | Wednesday, May 25, 2022 |
| Basis of Allotment | Monday, May 30, 2022 |
| Initiation of Refunds | Tuesday, May 31, 2022 |
| Credit of Shares to Demat | Tuesday, May 31, 2022 |
| Listing Date | Thursday, June 2, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 25, 2022 |
Investors can bid for a minimum of 4000 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 | 4000 | ₹116,000 |
| Retail (Max) | 1 | 4000 | ₹116,000 |
| HNI (Min) | 2 | 8,000 | ₹232,000 |
| Lot Size Calculator | |||
Mr. Ragavan Rajkumar and Mr. Saravanan Narayanasamy are the company promoters.
| Share Holding Pre Issue | 58.05% |
| Share Holding Post Issue | 35.80% |
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
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-19 | 1565.3 | 1042.9 | 61.7 |
| 31-Mar-20 | 2243.2 | 1924.3 | 11.8 |
| 31-Mar-21 | 2759.2 | 1922.6 | 100.5 |
| 31-Dec-21 | 2976 | 1117 | 111.2 |
| Amount in ₹ Lakhs | |||
The market capitalization of Globesecure Technologies IPO is Rs 26.41 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 17.9 |
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.
[Dilip Davda] GTL is operating in a highly competitive segment with many big players in the fray. The sustainability of super earnings reported for the last 21 months raises concern. With the issue expenses, this IPO is fully structured for the subscription part. There is no harm in skipping this fully priced offer. Read detail review...
The Globesecure Technologies IPO is subscribed 14.17 times on May 25, 2022 5:00:00 PM. The public issue subscribed 4.64 times in the retail category, times in the QIB category, and 23.70 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 23.70 |
| Retail | 4.64 |
| Total | 14.17 |
| Listing Date | June 2, 2022 |
| BSE Script Code | |
| NSE Symbol | GSTL |
| ISIN | INE00WS01056 |
| Final Issue Price | ₹29 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹29.00 |
| ₹36.50 |
| ₹34.70 |
| ₹38.30 |
| ₹37.10 |
Globesecure Technologies Limited
C-321, 215 Atrium,
M.V. Road, Near Courtyard Marriott Hotel,
Andheri -East, Mumbai-400093
Phone: +91-22- 4002 2224
Email: info@globesecure.in
Website: https://www.globesecure.in/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Globesecure Technologies IPO is a SME IPO of 3,492,000 equity shares of the face value of ₹10 aggregating up to ₹10.13 Crores. The issue is priced at ₹29 per share. The minimum order quantity is 4000 Shares.
The IPO opens on May 23, 2022, and closes on May 25, 2022.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Globesecure Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Globesecure Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Globesecure Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Globesecure Technologies IPO opens on May 23, 2022 and closes on May 25, 2022.
Globesecure Technologies IPO lot size is 4000 Shares, and the minimum amount required is ₹116,000.
You can apply in Globesecure Technologies 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 Globesecure Technologies IPO will be done on Monday, May 30, 2022, and the allotted shares will be credited to your demat account by Tuesday, May 31, 2022. Check the Globesecure Technologies IPO allotment status.
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