Globesecure Technologies Limited IPO (Globesecure Technologies IPO) Details
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.
- 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.
|Particulars||For the year/period ended (₹ in Lakhs)|
|Profit After Tax||111.16||100.47||11.81||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 IPO Details
|Globesecure Technologies IPO Date||May 23, 2022 to May 25, 2022|
|Globesecure Technologies IPO Face Value||₹10 per share|
|Globesecure Technologies IPO Price||₹29 per share|
|Globesecure Technologies IPO Lot Size||4000 Shares|
|Issue Size||3,492,000 shares of ₹10|
(aggregating up to ₹10.13 Cr)
|Fresh Issue||3,492,000 shares of ₹10|
(aggregating up to ₹10.13 Cr)
|Issue Type||Fixed Price Issue IPO|
|Listing At||NSE SME|
|Retail Shares Offered||not less than 50% of the Net Offer|
|NII (HNI) Shares Offered||not more than 50% of the Net Offer|
|Company Promoters||Mr. Ragavan Rajkumar and Mr. Saravanan Narayanasamy are the company promoters.|
Globesecure Technologies IPO Timeline (Tentative Timetable)
Globesecure Technologies IPO opens on May 23, 2022, and closes on May 25, 2022. The Globesecure Technologies IPO bid date is from May 23, 2022 10.00 A.M. to May 25, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
|Globesecure Technologies IPO Opening Date||May 23, 2022|
|Globesecure Technologies IPO Closing Date||May 25, 2022|
|Basis of Allotment||May 30, 2022|
|Initiation of Refunds||May 31, 2022|
|Credit of Shares to Demat||May 31, 2022|
|Globesecure Technologies IPO Listing Date||Jun 2, 2022|
Globesecure Technologies IPO Lot Size
The Globesecure Technologies IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹116,000).
Globesecure Technologies IPO Promoter Holding
|Pre Issue Share Holding||58.05%|
|Post Issue Share Holding||35.80%|
Globesecure Technologies IPO Review
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.