Globesecure Technologies was incorporated on February 19, 2016. The company is a digital transformation company in India with a focus on cyber security.
| Bidding Dates |
|---|
| 23 May 2022 - 25 May 2022 |
| Subscription |
|---|
| 14.17x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,16,000 | 1 | 1 | 4000 | 3.5 M | ₹29 | 61.66 % | ₹101.3 M | RHP DOC |
Globesecure Tech IPO SUBSCRIPTION STATUS
25 May '22Globesecure Tech IPO overall subscription rate was 14.17 times the total available shares
Globesecure Tech IPO retail subscription rate was 4.64 times in the retail segment
Globesecure Tech IPO non-institutional investor subscription rate was 23.7 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
25 May 2022 (Day 3) | 4.64x | 23.7x | - |
24 May 2022 (Day 2) | 1.31x | 0.45x | - |
23 May 2022 (Day 1) | 0.89x | 0.13x | - |
Globesecure Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| H1FY22 | 1.11 | 30.53 | 4.99 | 3.96 |
| FY21 | 10.05 | 190.83 | 43.58 | 8.07 |
| FY20 | 1.18 | 191.82 | -9.58 | -9.80 |
| FY19 | 6.17 | 99.17 | -31.35 | -31.63 |
Globesecure Tech IPO SUBSCRIPTION STATUS DETAILS
Globesecure Tech had 3.5 M shares on offer
Globesecure Tech IPO offer price was ₹29
Globesecure Tech IPO minimum Investment was ₹116000
Globesecure Tech IPO issue size was ₹ 101.3 M
Globesecure Tech had a minimum lot size of 4000 Shares per application
Globesecure Tech NUMBER OF SHARES ON OFFER
Globesecure Tech IPO IMPORTANT DATES
| Issue Open Date | 23 May 2022 |
| Issue close Date | 25 May 2022 |
| Allotment Date | 30 May 2022 |
| Refund Date | 31 May 2022 |
| Demat Account Credit Date | 31 May 2022 |
| Listing Date | 02 Jun 2022 |
| Listing on Exchange(s) | NSE and BSE |
| Globesecure Tech Allotment Status | Exchange |
Globesecure Tech IPO subscription opened on 23 May 2022, and closed on 25 May 2022
IPO allotment for Globesecure Tech was finalized on Monday, 30 May 2022
IPO listing for Globesecure Tech was on NSE and BSE on Thursday, 02 Jun 2022
Globesecure Tech IPO LISTING GAINS
| Issue Price (adjusted) | 29.0 |
| Listing Open Price | 36.5 |
| Listing Close Price | 37.1 |
| Listing Gain% | 25.9% |
| Current Gain% | -44.8% |
Globesecure Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Globesecure Technologies Ltd. | 16 | 14.6 | -91.8 | 1 | 0.7 | -0.6 | -0.4 | 20.8 | 22.8 | -0.3 | 90.3 | -0.2 | -94.5 |
| Tata Technologies Ltd. | 872.8 | 35440.2 | 63.6 | -3.4 | 6 | 13.9 | 6.1 | 5680.1 | 7.3 | 546.6 | -19.3 | 13.7 | -18.7 |
| RateGain Travel Technologies Ltd. | 949.2 | 11243.9 | 46.4 | 3.1 | 4.8 | 9.7 | 5.5 | 1884.9 | 63.5 | 194.4 | -7 | 20.5 | 15.1 |
| Intellect Design Arena Ltd. | 721.4 | 10118.1 | 28.7 | 463.8 | 3.2 | 10.9 | 7.5 | 3160.8 | 22.7 | 345.4 | 3.8 | 25.2 | 0.1 |
| Capillary Technologies India Ltd. | 560.6 | 4461.3 | 106 | 5.5 | 5.1 | 4 | 748.3 | 22.3 | 52.4 | 294.5 | 5.3 | ||
| Aurionpro Solutions Ltd. | 727.2 | 4018.9 | 19.7 | 3.9 | 2.8 | 12 | 9 | 1440.4 | 20.7 | 209.3 | 12.4 | 36.9 | 5.1 |
Globesecure Tech INFORMATION ON IPO ISSUE
About Globesecure Tech
Globesecure Technologies was incorporated on February 19, 2016. The company is a digital transformation company in India with a focus on cyber security.
Object of the Issue
- To part finance the working capital requirements.
- General corporate purposes.
- To meet issue expenses.
Globesecure Tech - PROMOTERS
| Name |
|---|
| Ragavan Rajkumar |
| Saravanan Narayanasamy |
Globesecure Tech Lead Manager
Fast Track Finsec Private Limited
vikasverma@ftfinsec.com
Globesecure Tech Registrar to the issue
Skyline Financial Services Limited
virenr@skylinerta.com
Globesecure Tech Strengths
Experienced management
Experienced management who lead the company to scale up and expand into new opportunities
Dedicated tech support
Dedicated tech support team to provide services/solutions to customers
Handles complex migration projects
Able to handle complex migration projects
Dynamic revenue
Dynamic revenue model with good continued relations with clientele
Globesecure Tech Risks
Legal proceedings
The company and its directors are parties to certain legal proceedings
Highly competitive industry
The company operates in a highly competitive industry with high pricing pressure
Sales are cyclical
Sales are cyclical in nature and the cycles can be long and unpredictable
IPO FAQs
The promoters of the company are Ragavan Rajkumar and Saravanan Narayanasamy.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 29.0 - 29.0.
The IPO application opens on May 23, 2022 and closes on May 25, 2022.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 116,000.0, the maximum value for this IPO is Rs 116,000.0.
This IPO will be allotted on May 30, 2022.
The refund will be credited to your account on May 31, 2022.
The allotted shares will be credited to your demat on May 31, 2022.
Globesecure Technologies Ltd.’s shares listed on the stock exchanges on Jun 02, 2022.