Globesecure Technologies Limited SME IPO 

Globesecure Technologies  Listing on 2 June 2022 :
The scrip listed at  Rs. 36.50 (Issue Price Rs. 29) and showed intraday high of Rs. 38.30

Grey Market News for Globesecure Technologies IPO :
On 1 June 2022 @ 12.00 noon
Allotted Applications# :  Rs. 21000
GMP Rates :   Rs. 7
Subscription Trend
NII (50%) 16,56,000 Sh : 23.70 T
RII (50%) 16,56,000 Sh : 4.64 T
Tot 33,12,000 Sh : 14.17 T

Globesecure Technologies IPO Details
Dates May 23, 2022 to May 25, 2022
Face Value Rs 10 per share
Price Rs 29 per share
Lot Size 4000 Shares
Issue Size 3,492,000 shares of Rs 10
(aggregating up to Rs 10.13 Cr)
Fresh Issue 3,492,000 shares of Rs10
(aggregating up to Rs10.13 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail portion : Not more than 50% of the Net Offer
NII (HNI) portion : Not more than 50% of the Net Offer

Net IPO size  Rs. 9.60 Crore/ 33,12,000 Shares
Retail Quota : 50 % ( Net  16,56,000 Shares)
Retail Min Application : 4000 Shares/ Rs. 116,000
Retail Max Application : 4000 Shares/ Rs. 116,000
Retail : 414 Applications required for one time subscriptions.

Globesecure Technologies IPO Timetable ( Tentative ) 
Opening Date May 23, 2022
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
Listing Date Jun 2, 2022

Globesecure Technologies Business :

Globesecure Technologies is a digital transformation company in India with a focus on cyber security. It
has executed several cyber security transformation projects, infrastructure, and digital transformation projects for various institutions and also provide similar independent services to its clients. Through its wide range of offerings across multiple verticals, it possesses capabilities spanning the digital lifecycle of services ranging from consultation, architecture, solution design, and implementation, to monitoring and providing managed services.
It classifies its business business into the following lines of business: (i) Cyber Security, (ii) Integrated Enterprise Solutions, and (iii) Managed Services.
For more information about the business, Click  www.globesecure.in

Promoters of Globesecure Technologies IPO

Mr. Ragavan Rajkumar and Mr. Saravanan Narayanasamy

Globesecure Technologies : Objects of the IPO

To part finance the Working Capital Requirements.

Registered office of Globesecure Technologies
C-321, 215 Atrium, M.V. Road Near Courtyard Marriott Hotel,
Andheri -East Mumbai City Maharashtra 400093,
Company Secretary and Compliance Officer:Ms. Heta Desai

Lead Manager of Globesecure Technologies IPO

FAST TRACK FINSEC PRIVATE LIMITED

SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20,Rs 1.58
Earnings per Share 2020-21 Rs 0.02
Earnings per Share 2021-22 9M Rs 1.98
Return on Net Worth: 19-20 13.22 %
Return on Net Worth: 20-21: 1.84 %
Return on Net Worth: 21-22 9M : 11.58%
Book Value of the Share as on 31.12.21 Rs 17.71
Offer Price Rs. 138

IPO Peer Comparison:
There are no comparable peer which is listed companies in India and which are engaged in the same line of business as this Company

Observation by Paresh Gordhandas ( Research Analyst )
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