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Global Space Technologies Ltd IPO (Global Space IPO) Detail

July 26, 2017 - July 28, 2017

Global Space IPO is a fixed price issue of Rs 20.02 crores.

Global Space IPO bidding started from July 26, 2017 and ended on July 28, 2017. The shares got listed on BSE SME on August 7, 2017.

Global Space IPO price is ₹66 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹132,000.

Choice Capital Advisors Pvt Ltd is the book running lead manager of the Global Space IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Global Space IPO DRHP for detailed information.

Global Space IPO Details

IPO Date July 26, 2017 to July 28, 2017
Listing Date August 7, 2017
Face Value ₹10 per share
Price ₹66 per share
Lot Size 2000 Shares
Total Issue Size3,034,000 shares
(aggregating up to ₹20.02 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Global Space IPO Reservation

Global Space IPO a total of 3,034,000 shares are offered. NII: 1,517,000 (50.00%), RII: 1,517,000 (50.00%).

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered--
Other Shares Offered1,517,000 (50.00%)
Retail Shares Offered1,517,000 (50.00%)
Total Shares Offered3,034,000 (100%)

Global Space IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹132,000
Retail (Max) 1 2000 ₹132,000
Lot Size Calculator

About Global Space Technologies Ltd

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.

Objects of the Issue (Global Space IPO Objectives)

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 Review (Apply)

[Dilip Davda]  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...

Global Space IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Global Space IPO Prospectus

Global Space IPO Rating

Rating:Rated 3.3 stars
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Global Space IPO Listing Details

Listing Date August 7, 2017
BSE Script Code 540654
NSE Symbol
ISIN INE632W01016
Final Issue Price ₹66 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Global Space IPO Contact Details

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

Global Space IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Global Space IPO - Buy or Not

Global Space IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Global Space IPO FAQs

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 July 26, 2017, and closes on July 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 July 26, 2017 and closes on July 28, 2017.

Global Space IPO lot size is 2000 Shares, and the minimum amount required is ₹132,000.

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, Nuvama, 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.

The Global Space IPO listing date is on August 7, 2017.
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Global Space IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



29. Jon snow |   Link |Aug 8, 2017 8:01:16 PM
when is this getting listed ?
28. STOCKT |   Link |Aug 6, 2017 12:35:34 AM
listing price 62 rs
28.1. NPT |   Link |Aug 6, 2017 12:06:04 PM (200+ Posts, 300+ Likes)
It all depends on the Retail investors.
If they sell in panic there will be free fall in the price. Sometimes operators do this to purchase shares at lower price. But if the promoters are good they may not allow the price to fall much as it will affect their reputation. But there are a large number of cases where price has bounced back strongly and posted decent growth.
Therefore, if one has been allotted any and share, he/she should wait for a few days at least.
So all the best and have a decent listing tomorrow.
27. IPOADVICE |   Link |Aug 5, 2017 6:02:45 PM
i think its should be a listing on 75-80
26. satheesh Kumar |   Link |Aug 5, 2017 2:04:33 PM
I believe there is a chance of listing +-5% from the issue price.Investor who have the patience to hold for 2-3 years,they can reap the benefit of this company.
25. Anomaly |   Link |Aug 3, 2017 3:56:30 PM
Allotment is out. I got the shares. When is the listing date and what is the expectation? Also has anybody ever sold their SME ipo shares with ICICI direct? Is there any different process that we have to follow to sell these SME IPO shares?
25.4. NPT |   Link |Aug 3, 2017 10:04:56 PM (200+ Posts, 300+ Likes)
You can sell/purchase sme shares just like other main line shares provided your service provider has thus facility in their etrade account. Otherwise you can sell through broker.
Yes, Shanti Overseas got listed in NSE SME, day''s high is 60, low is 40 and closing 42.55.
25.5. snp |   Link |Aug 3, 2017 11:15:14 PM
icici direct does not allow trading directly on their online platform. you have to call them on phone and tell them to place order accordingly
24. HARSHIT SHETH |   Link |Aug 3, 2017 6:50:06 PM

23. manish Bhardwaj |   Link |Aug 3, 2017 4:34:22 PM
Listing is on 7th aug 2017, i have called company and comfirmed.
22. lohiya punit |   Link |Aug 2, 2017 1:07:20 PM
Any idea when allotment will out
21. STOCKT |   Link |Jul 28, 2017 8:05:24 PM
It''s financial are too bad to ask for such high price. Should list at discount . Not even worth looking at
21.3. Karan shingala |   Link |Jul 29, 2017 4:37:58 PM
Hello sir what about trans wind once will we see this stock at 27 level or nt ?
or at which range can i buy this stock ?? now or later ?
21.4. STOCKT |   Link |Jul 30, 2017 11:01:22 AM
Not sure but if u r long term investors transwind is a good buy and will reward long term investors
20. Suresh Prabhu |   Link |Jul 29, 2017 8:00:27 AM
Company worth tracking from medium term perspective
19. satish |   Link |Jul 28, 2017 3:25:48 PM

As on 28-Jul-2017 15:15:00 IST
Cumulative Demand (no. of shares in lakhs)      
Bid Price (Rs.)
Note: Cumulative (NSE) bid quantity at each price point includes the quantity (NSE) bidded at that relevant price point and all valid bids above that price point.

Total Issue Size      3780000
Total Bids Received      341910000
Total Bids Received at Cut-off Price      -
No. of times issue is subscribed      90.45
Graph Logic
19.1. A C PATEL |   Link |Jul 28, 2017 5:49:46 PM
18. satish |   Link |Jul 28, 2017 3:25:30 PM

(* indicates bids position and not necessarily the subscription to the issue– bids received on the Exchange platform only)

As on 28-Jul-2017 15:15:00 IST
Cumulative Demand (no. of shares in lakhs)      
Bid Price (Rs.)
Note: Cumulative (NSE) bid quantity at each price point includes the quantity (NSE) bidded at that relevant price point and all valid bids above that price point.

Total Issue Size      3780000
Total Bids Received      341910000
Total Bids Received at Cut-off Price      -
No. of times issue is subscribed      90.45
Graph Logic
17. Rahul Tejwani |   Link |Jul 28, 2017 3:04:56 PM
Strongly Recommended ....all the previous SME IPOS have outperformed.
16. Raghuvursinh Jadeja |   Link |Jul 28, 2017 10:35:43 AM
Should we apply globalspace tech or not is there any gmp
16.1. Suresh Prabhu |   Link |Jul 28, 2017 11:44:54 AM
I have subscribed it.

So in my opinion, Its good to subscribe.
15. Suresh Prabhu |   Link |Jul 26, 2017 7:02:20 PM
The company is creating complete digital healthcare ecosystem which can create great value in medium to long term

The PE is 53.66, since no Indian peer is exactly comparable we checked the Global pears in the similar space, Veeva systems got listed at Nasdaq at a PE of 202

I think it''s wrong to compare this company with Indian IT services peers, it''s a SAAS based product company with IP, which can have much higher PE than what is expected by the company
Probably this would be first IP driven software product company in stock market

I have personally invested after doing all these due diligences
15.8. Nirmal Shah |   Link |Jul 27, 2017 10:31:07 PM
What do you mean by "ip" here?
15.9. Suresh Prabhu |   Link |Jul 28, 2017 11:43:50 AM
Intellectual Property
14. PrakashPatel |   Link |Jul 27, 2017 12:10:26 PM
લિસ્ટિંગની તારીખ ક્યારે છે
13. PrakashPatel |   Link |Jul 27, 2017 11:38:56 AM
લઇ લો. બરાબર છે.
12. MASTER BLASTER |   Link |Jul 25, 2017 10:45:04 AM
Hello Experts,
Please guide apply or avoid for listing gains.

Thanks n Regards
12.1. ConstrainedEPS |   Link |Jul 27, 2017 9:41:38 AM
This is greedily priced ipo stay away ...
12.2. MASTER BLASTER |   Link |Jul 27, 2017 9:59:26 AM
11. ConstrainedEPS |   Link |Jul 27, 2017 9:42:23 AM
10. Vinayak Pillai |   Link |Jul 26, 2017 7:43:16 PM
Is there are other companies in healthcare technologies space in stock market
10.1. ConstrainedEPS |   Link |Jul 27, 2017 9:40:32 AM
8K miles does the same in much bigger u.s healthcare market ...