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Globesecure Technologies Limited IPO (Globesecure Technologies IPO) Detail

May 23, 2022 - May 25, 2022

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

  • Experienced Management who lead the company to scale up and expand into new opportunities.
  • Dedicated tech support team to provide services/ solutions to our customers.
  • Handled complex migration projects.
  • Dynamic revenue model with continued relation with clientele.

Company Financials

Globesecure Technologies Limited Financial Information (Restated)
Period EndedTotal AssetsTotal Revenue Profit After Tax
31-Mar-191565.31042.961.7
31-Mar-202243.21924.311.8
31-Mar-212759.21922.6100.5
31-Dec-2129761117111.2
Amount in ₹ Lakhs

Objects of the Issue

The company intends to utilize the proceeds of the Issue to meet the following objects:

1. To part finance the Working Capital Requirements.

2. General Corporate Purposes.

3. To meet Issue Expenses.

Globesecure Technologies IPO Details

Globesecure Technologies IPO Date May 23, 2022 to May 25, 2022
Globesecure Technologies IPO Face Value ₹10 per share
Globesecure Technologies IPO Price ₹29 per share
Globesecure Technologies IPO Lot Size 4000 Shares
Issue Size3,492,000 shares of ₹10
(aggregating up to ₹10.13 Cr)
Fresh Issue3,492,000 shares of ₹10
(aggregating up to ₹10.13 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offerednot less than 50% of the Net Offer
NII (HNI) Shares Offerednot more than 50% of the Net Offer
Company Promoters

Mr. Ragavan Rajkumar and Mr. Saravanan Narayanasamy are the company promoters.

Globesecure Technologies IPO Timeline (Tentative Timetable)

Globesecure Technologies IPO opens on May 23, 2022, and closes on May 25, 2022. The Globesecure Technologies IPO bid date is from May 23, 2022 10.00 A.M. to May 25, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Globesecure Technologies IPO Opening Date May 23, 2022
Globesecure Technologies IPO 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
Globesecure Technologies IPO Listing Date Jun 2, 2022

Globesecure Technologies IPO Lot Size

The Globesecure Technologies IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹116,000).

Application Lots Shares Amount
Minimum 1 4000 ₹116,000
Maximum 1 4000 ₹116,000

Globesecure Technologies IPO Promoter Holding

Pre Issue Share Holding 58.05%
Post Issue Share Holding 35.80%

Globesecure Technologies IPO Review

GTL is operating in a highly competitive segment with many big players in the fray. The sustainability of super earnings reported for the last 21 months raises concern. With the issue expenses, this IPO is fully structured for the subscription part. There is no harm in skipping this fully priced offer. Read detail review...


Globesecure Technologies IPO Subscription Status (Bidding Detail)

The Globesecure Technologies IPO is subscribed 14.17 times on May 25, 2022 5:00:00 PM. The public issue subscribed 4.64 times in the retail category, times in the QIB category, and 23.70 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII23.70
Retail4.64
Total14.17

Globesecure Technologies IPO Prospectus

Globesecure Technologies IPO Rating

83
3.7
Rating:Rated 3.7 stars
Vote Here ...

Globesecure Technologies IPO Listing Date

Listing Date Thursday, June 2, 2022
BSE Script Code
NSE Symbol GSTL
Listing In ST Group of Securities
ISIN INE00WS01056
IPO Price ₹29 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹29.00
Open: ₹36.50
Low: ₹34.70
High: ₹38.30
Last Trade: ₹37.10

Company Contact Information

Globesecure Technologies Limited
C-321, 215 Atrium,
M.V. Road, Near Courtyard Marriott Hotel,
Andheri -East, Mumbai-400093
Phone: +91-22- 4002 2224
Email: info@globesecure.in
Website: https://www.globesecure.in/

Globesecure Technologies IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/

Globesecure Technologies IPO Review

Globesecure Technologies IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 2

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IPO Broker Recommendations

Globesecure Technologies IPO FAQs

Globesecure Technologies IPO is a SME IPO of 3,492,000 equity shares of the face value of ₹10 aggregating up to ₹10.13 Crores. The issue is priced at ₹29 per share. The minimum order quantity is 4000 Shares.

The IPO opens on May 23, 2022, and closes on May 25, 2022.

Skyline Financial Services Private 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Globesecure Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Globesecure Technologies IPO opens on May 23, 2022 and closes on May 25, 2022.

Globesecure Technologies IPO lot size is 4000 Shares and the minimum order quantity is .

You can apply in Globesecure Technologies 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 Globesecure Technologies IPO will be done on May 30, 2022, and the allotted shares will be credited to your demat account by May 31, 2022. Check the Globesecure Technologies IPO allotment status.

The Globesecure Technologies IPO listing date is on Thursday, June 2, 2022.
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Globesecure Technologies IPO Message Board

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160 Comments

58. Vipin Agarwal |   Link |Jun 29, 2022 1:20:08 PM
Really getting tempted with the growth of over 350% and daily UC to ride the up wave (cornered)... But, really need to keep my feeling in check as any day soon the dumping will start and people will get stuck...
57. Dinesh Singh |   Link |Jun 6, 2022 3:12:24 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
sold 1 lot today.
now tension free.
57.1. TheLearner |   Link |Jun 6, 2022 8:20:46 PM
OPERATOR HAVE CORNOR SHARES.... FEW MORE UC EXPECTED....
BEST OPTION IS TO KEEP IT WITH STRICT SL
57.2. Dinesh Singh |   Link |Jun 6, 2022 8:56:11 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Tomorrow it may be LC, since who have brought on listing day will be able to sale.
56. Dinesh Singh |   Link |Jun 3, 2022 11:43:14 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Again UC today.
56.4. Dinesh Singh |   Link |Jun 3, 2022 6:12:24 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Thanks @Ravu
56.5. Dinesh Singh |   Link |Jun 3, 2022 9:34:52 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
same person also buys today.
let's take the risk with stop loss
55. Small Investor |   Link |Jun 2, 2022 2:45:27 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
UC OPEN AND HIT LC NOW 37
55.1. Dinesh Singh |   Link |Jun 2, 2022 3:21:14 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Your prediction got wrong.
Accept it.
55.2. sahab |   Link |Jun 2, 2022 10:57:39 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
I think anant agg sir first buy for good listing.when everyone got good profit then he sell. Thanks anantagg sir
54. Amit Jaipur |   Link |Jun 2, 2022 10:10:02 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Sold in preopen at 36.50
54.2. Rajendra Kumar Gupta |   Link |Jun 2, 2022 5:22:17 PM
@Amit where are u live in Jaipur i live in vaishali nagar
54.3. Amit Jaipur |   Link |Jun 2, 2022 6:53:40 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Malviya nagar
53. Takamichi |   Link |Jun 2, 2022 2:43:49 PM
Such bulk buying..... Sold order of 108000 share put up and taken up in seconds .. it the company that good?
53.2. Takamichi |   Link |Jun 2, 2022 4:41:38 PM
Intraday possible on the stock for now?
53.3. Ravu |   Link |Jun 2, 2022 4:50:48 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
No intraday, it is Trade To Trade (T+2)
52. Dinesh Singh |   Link |Jun 2, 2022 10:56:13 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Never seen such a strong UC in the life time in SME .
There are 36 Lacs buy order against total issue size of 35 Lacs.
52.3. Small Investor |   Link |Jun 2, 2022 2:19:48 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Now just 56000
52.4. Ravu |   Link |Jun 2, 2022 2:47:30 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Totally different play, more than 70% got traded.
51. Takamichi |   Link |Jun 2, 2022 2:30:17 PM
Same like Sonu but on another level
50. Kami |   Link |Jun 2, 2022 12:01:29 PM
New Member New Member
guys i am applying for 1 lot in retail category i am using zerodha and phonepe upi/sbi bank
in forum people are talking about they are facing problem for amount being over 1lakh i have never bid multiple lot in one application that totals to 1lakh so i am worried if my upi mandate got cancelled anyone help me i cant check the mandate too as thats my father account{i have his consent} as he is in work right now i cant accept mandate and cross check if it will work or not he is a doctor so i also cant call him, anybody know how to solve this problem cant be asba cause then i have to ask for otp
50.3. Kami |   Link |Jun 2, 2022 12:34:05 PM
New Member New Member
@ravu thankyou, did you use phonepe upi ?
50.4. Ravu |   Link |Jun 2, 2022 1:53:15 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
I used only bank upi (ICICI,Kotak)
49. GJ 😀 |   Link |Jun 2, 2022 1:46:16 PM
IPO Mentor IPO Mentor (800+ Posts, 200+ Likes)
Interesting,

There is one more stock with the same name/symbol GSTL
on BSE SME
Globalspace Technologies Ltd.
49.1. GJ 😀 |   Link |Jun 2, 2022 1:48:30 PM
IPO Mentor IPO Mentor (800+ Posts, 200+ Likes)
It was on BSE SME
Now I think it is on BSE
as lot size is 1.

https://www.chittorgarh.com/ipo/global-space-ipo/691/
48. Rajendra Kumar Gupta |   Link |Jun 2, 2022 10:26:56 AM
Sold at 38.30
48.1. Er.Nim |   Link |Jun 2, 2022 1:00:31 PM
I didn't got allotment, but you should have hold it for few more UC's.
47. Ravu |   Link |Jun 2, 2022 9:53:32 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
25% got traded with pending order of another 30%
47.1. Ravu |   Link |Jun 2, 2022 10:23:33 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
An interesting demand , current pending order is more than IPO size
46. Ravu |   Link |Jun 1, 2022 4:07:51 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Final subscription was
Retail 2.97
NII 20.01

Which looks good. So high chance of having good demand during listing.
46.6. Ravu |   Link |Jun 2, 2022 10:08:11 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Subscription in Fidel Softech will shoot .
Good for all but allotment will be tough.
46.7. Dinesh Singh |   Link |Jun 2, 2022 10:13:13 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
@Ravu
Thanks.
45. svh |   Link |Jun 2, 2022 7:40:28 AM
IPO Mentor IPO Mentor (900+ Posts, 1800+ Likes)
Last 2 SME IPOs trend. Sonu Infra & Le Merite. 5% Upper Circuit after listing.
Quick Heal shows uptrend in the last week chart. Good Luck for Listing.
🙏👍
45.1. svh |   Link |Jun 2, 2022 9:41:50 AM
IPO Mentor IPO Mentor (900+ Posts, 1800+ Likes)
IT Index trading positive.
🙏👍
45.2. svh |   Link |Jun 2, 2022 10:04:42 AM
IPO Mentor IPO Mentor (900+ Posts, 1800+ Likes)
Today Fidel Softech will be flooded with at least 50x-60x
🙏👍
44. Earthking |   Link |Jun 2, 2022 9:45:26 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Sold alloted lot at 36.5 ... Initially not confident of applying ... now got good profit ...
43. Ravu |   Link |Jun 2, 2022 9:45:07 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
So 36.5
I think we can expect UC
42. Trueinfo |   Link |Jun 2, 2022 5:54:51 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Didn't apply, seeing Dad's 'avoid'. But it appears to be the opposite case now.
42.1. Trueinfo |   Link |Jun 2, 2022 8:15:21 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
DD's avoid
41. Earthking |   Link |Jun 1, 2022 11:29:35 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
According to chanaknipo, alloted rates zoom to 21000 and GMP 7 ...
Tomorrow hopefully it is an interesting day ...
41.2. Dinesh Singh |   Link |Jun 2, 2022 6:52:49 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
chances of listing at Rs. 50 can't be ruled out.
enjoy money power.
41.3. Ravu |   Link |Jun 2, 2022 7:24:20 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Great. so the expectation is 20%+.
One negative factor is market condition.
Today market may open in red as sgx nifty and asian market opened in red.
One thing is sure it will list in decent premium.

All the best for all allotees .

40. Akhil IPO |   Link |Jun 2, 2022 12:10:33 AM
I'll apply on the basis of the listing of globalesecure Technologies tomorrow. If it lists in discount, Fidel is BIG avoid for me.
40.1. Trueinfo |   Link |Jun 2, 2022 5:41:32 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Those who applied and got alloted. Enjoy and expect at least 10% gain.
39. Amit Jaipur |   Link |Jun 1, 2022 5:53:09 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
No GMP updation today.