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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 object of the issue are:
1. Expenditure on Research and Development;
2. Advertising and sales promotion;
3. Funding incremental working capital requirements;
4. General Corporate Purposes.
| Global Space IPO Date | Jul 26, 2017 to Jul 28, 2017 |
| Global Space IPO Face Value | ₹10 per share |
| Global Space IPO Price | ₹66 per share |
| Global Space IPO Lot Size | 2000 Shares |
| Issue Size | 3,034,000 shares of ₹10 (aggregating up to ₹20.02 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | The Promoters of the company are: 1. Mr. Krishna Singh |
The Global Space IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹132,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹132,000 |
| Retail (Max) | 1 | 2000 | ₹132,000 |
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...
The Global Space IPO is subscribed times on Jul 28, 2017 5:00:00 PM. 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) |
|---|---|
| NII | |
| Retail | |
| Total |
| Listing Date | Monday, August 7, 2017 |
| BSE Script Code | 540654 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE632W01016 |
| IPO Price | ₹66 per share |
| Face Value | ₹10 per share |
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Global Space Technologies Ltd
Office No. 605, 6th floor, A-1, B-Wing,
Rupa Solitaire Bld Millennium Business Park
MIDC, Mahape, Navi Mumbai 400 710
Phone: +91 22 49452014
Email: investors@globalspace.in
Website: http://www.globalspace.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: globalspace.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Global Space IPO is a SME IPO of 3,034,000 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 Shares.
The IPO opens on Jul 26, 2017, and closes on Jul 28, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Global Space IPO opens on Jul 26, 2017 and closes on Jul 28, 2017.
Global Space IPO lot size is 2000 Shares and the minimum order quantity is .
You can apply in Global Space IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Global Space IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Global Space IPO allotment status.
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Top Contributor (200+ Posts, 300+ Likes)
when is this getting listed ?