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Globalspace Technologies IPO is a fixed price issue of ₹20.02 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹20.02 crore.
Globalspace Technologies IPO bidding started from Jul 26, 2017 and ended on Jul 28, 2017. The shares got listed on BSE SME on Aug 7, 2017.
Globalspace Technologies IPO price is ₹66.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,64,000.
Choice Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Globalspace Technologies IPO RHP for detailed Information.
| IPO Date | July 26, 2017 to July 28, 2017 |
| Listing Date | August 7, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,34,000 shares (aggregating up to ₹20.02 Cr) |
| Reserved for Market Maker | 1,54,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹1.02 Cr) |
| Net Offered to Public | 28,80,000 shares (aggregating up to ₹19.01 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 84,22,601 shares |
| Share Holding Post Issue | 1,14,56,601 shares |
Global Space IPO offers total 30,34,000 shares. Out of which 14,40,000 (47.46%) allocated to NII, 14,40,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,54,000 (5.08%) |
| NII (HNI) Shares Offered | 14,40,000 (47.46%) |
| Retail Shares Offered | 14,40,000 (47.46%) |
| Total Shares Offered | 30,34,000 (100.00%) |
Globalspace Technologies IPO opens on July 26, 2017, and closes on July 28, 2017.
| IPO Open Date | Wed, Jul 26, 2017 |
| IPO Close Date | Fri, Jul 28, 2017 |
| Tentative Listing Date | Mon, Aug 7, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 28, 2017 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,32,000 |
| Retail (Max) | 1 | 2,000 | ₹1,32,000 |
| HNI (Min) | 2 | 4,000 | ₹2,64,000 |
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 Company Globalspace Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Expenditure on Research and Development | 4.51 |
| 2 | Advertising and sales promotion | 6.47 |
| 3 | Funding incremental working capital requirements | 5.06 |
| 4 | General Corporate Purposes | 3.63 |
[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...
| Listing Date | August 7, 2017 |
| BSE Script Code | 540654 |
| NSE Symbol | |
| ISIN | INE632W01016 |
| Final Issue Price | ₹66 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹60.05 |
| Low | ₹60.05 |
| High | ₹60.05 |
| Last Trade | ₹60.05 |
Globalspace Technologies Ltd.
Office No. 605, 6th floor, A-1, B-Wing,
Rupa Solitaire Bld Millennium Business Park
MIDC, Mahape
Navi Mumbai, Maharashtra, 400710
Phone: +91 22 49452014
Email: investors@globalspace.in
Website: http://www.globalspace.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: globalspace.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Globalspace Technologies IPO is a SME IPO of 30,34,000 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.
The IPO opens on July 26, 2017, and closes on July 28, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Globalspace Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Globalspace Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Globalspace Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Globalspace Technologies IPO opens on July 26, 2017 and closes on July 28, 2017.
Globalspace Technologies IPO lot size is 2000, and the minimum amount required for application is ₹1,32,000.
You can apply in Globalspace Technologies IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Globalspace Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Globalspace Technologies IPO allotment status.
The Globalspace Technologies IPO listing date is on Monday, August 7, 2017.
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