Fixed Price IPO | ₹10 Cr | Listed at NSE SME | Mon, May 23, 2022 - Wed, May 25, 2022
Globesecure Technologies IPO is a fixed price issue of ₹10.13 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹10.13 crore.
Globesecure Technologies IPO bidding started from May 23, 2022 and ended on May 25, 2022. The allotment for Globesecure Technologies IPO was finalized on May 30, 2022. The shares got listed on NSE SME on Jun 2, 2022.
Globesecure Technologies IPO price is ₹29 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,16,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,32,000.
Fast Track Finsec Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nirman Share Brokers Pvt.Ltd..
Refer to Globesecure Technologies IPO RHP for detailed Information.
IPO Open
Mon, May 23, 2022
IPO Close
Wed, May 25, 2022
Issue Price
₹29 per share
Market Cap (Pre-IPO)
₹26.41 Cr
| IPO Date | 23 to 25 May, 2022 |
| Listed on | Thu, Jun 2, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹29 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 34,92,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 1,80,000 shares Nirman Share Brokers Pvt.Ltd. (agg. up to ₹0.5220 Cr) |
| Fresh Issue (Ex Market Maker) | 33,12,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 33,12,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 16,56,000 shares |
| Share Holding Post Issue | 16,56,000 shares |
| NSE Symbol | GSTL |
| ISIN | INE00WS01056 |
Globesecure Technologies IPO comprises a total issue size of 34,92,000 shares. The net offer to the public is 33,12,000 shares, after excluding 1,80,000 shares allotted on a firm basis. Of the Net offer 16,56,000 (50.00%) allocated to NII 16,56,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,56,000 | 50.00% | 47.42% |
| Retail Shares Offered | 16,56,000 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,80,000 | 5.15% | |
| Total Shares Offered | 34,92,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,16,000 |
| Retail (Max) | 1 | 4,000 | ₹1,16,000 |
| HNI (Min) | 2 | 8,000 | ₹2,32,000 |
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 | 31 Dec 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 29.76 | 27.59 | 22.43 | 15.65 |
| Total Income | 11.17 | 19.23 | 19.24 | 10.43 |
| Profit After Tax | 1.11 | 1.01 | 0.12 | 0.62 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 6.98 |
| 2 | General Corporate Purposes | 1.63 |
| 3 | Issue Expenses | 1.52 |
| KPI | |
|---|---|
| Debt/Equity | 0.81 |
| RoNW | 13.55% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.01 | |
| P/E (x) | 17.9 | |
| Promoter Holding | 58.05% | 35.80% |
| Market Cap | ₹26.41 Cr. |
The Globesecure Technologies IPO is subscribed 14.17 times on May 25, 2022 5:00:00 PM (Day 3). The public issue subscribed 4.64 times in the retail category, [.] times in the QIB category, and 23.7 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 23.7 | 16,56,000 | 3,92,52,000 |
| Retail | 4.64 | 16,56,000 | 76,88,000 |
| Total | 14.17 | 33,12,000 | 4,69,40,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees (including underwriting commission, brokerage and selling & marketing commission) | 1.32 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.02 |
| 4 | Fees Payable to Legal Advisor to the Issue | 0.03 |
| 5 | Fees Payable to Statutoryr | 0.02 |
| 6 | Fees Payable to NSE, CDSL and NSDL | 0.05 |
| 7 | Others (Fees payable for distribution expenses, Selling Commission, Brokerage, Processing Fees and Miscellaneous Expenses) | 0.08 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹29.00 |
| Open | ₹36.50 |
| Low | ₹34.70 |
| High | ₹38.30 |
| Last Trade | ₹37.10 |
Lead Manager Reports
Globesecure Technologies IPO is a SME IPO of 34,92,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹29 per share. The minimum order quantity is 4000.
The IPO opens on Mon, May 23, 2022, and closes on Wed, May 25, 2022.
Skyline Financial Services Pvt.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 Mon, May 23, 2022 and closes on Wed, May 25, 2022.
Globesecure Technologies IPO lot size is 4000, and the minimum amount required for application is ₹1,16,000.
You can apply in Globesecure 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 Globesecure Technologies IPO will be done on Monday, May 30, 2022, and the allotted shares will be credited to your demat account by Tue, May 31, 2022. Check the Globesecure Technologies IPO allotment status.
The Globesecure Technologies IPO listing date is on Thu, Jun 2, 2022.
