Fixed Price IPO | ₹20 Cr | Listed at BSE SME | Wed, Jul 26, 2017 - Fri, Jul 28, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Jul 26, 2017
IPO Close
Fri, Jul 28, 2017
Issue Price
₹66 per share
Market Cap (Pre-IPO)
₹75.61 Cr
| IPO Date | 26 to 28 Jul, 2017 |
| Listed on | Mon, Aug 7, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 30,34,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 1,54,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 28,80,000 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 28,80,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 84,22,601 shares |
| Share Holding Post Issue | 1,14,56,601 shares |
| BSE Script Code | 540654 |
| ISIN | INE632W01016 |
Globalspace Technologies IPO comprises a total issue size of 30,34,000 shares. The net offer to the public is 28,80,000 shares, after excluding 1,54,000 shares allotted on a firm basis. Of the Net offer 14,40,000 (50.00%) allocated to NII 14,40,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,40,000 | 50.00% | 47.46% |
| Retail Shares Offered | 14,40,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,54,000 | 5.08% | |
| Total Shares Offered | 30,34,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Global Space IPO is subscribed [.] times on July 28, 2017 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 15,17,000 | 23,02,000 |
| Retail | [.] | 15,17,000 | 21,88,000 |
| Total | [.] | 30,34,000 | 44,90,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions and payment to other intermediaries such as Legal Advisor, Registrar, Market Maker, Bankers etc. and other out of pocket expenses | 0.25 |
| 2 | Printing, Stationery and postage expenses | 0.03 |
| 3 | Advertising and marketing expenses | 0.04 |
| 4 | Regulatory fees and other expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹60.05 |
| Low | ₹60.05 |
| High | ₹60.05 |
| Last Trade | ₹60.05 |
Lead Manager Reports
Globalspace Technologies IPO is a SME IPO of 30,34,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Jul 26, 2017, and closes on Fri, Jul 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 Wed, Jul 26, 2017 and closes on Fri, Jul 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 Mon, Aug 7, 2017.
