₹27.50 Crores | Listing at BSE | Thu, Nov 16, 2023 - Thu, Nov 23, 2023
GlobalSpace Technologies Ltd Rights Issue comprises 2.29 Cr equity shares aggregating to ₹27.50 Cr, offered at an issue price of ₹12 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Nov 3, 2023, with the Rights Issue being offered in the entitlement ratio of 2 : 1.
The term of payment is defined as following : Full amount of ₹ 12 per Unit shall be payable on Application
The Rights Entitlements are expected to be credited to eligible demat accounts on Nov 30, 2023.
The Rights Issue opens on Nov 16, 2023, and closes on Nov 23, 2023, with renunciation of Rights Entitlements permitted up to Nov 20, 2023.
The deemed date of allotment is Nov 30, 2023, following which the equity shares are expected to be credited to demat accounts on Dec 7, 2023 and listed at the BSE on Dec 4, 2023.
Aryaman Financial Services Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the GlobalSpace Technologies Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Nov 3, 2023
Entitlement Ratio
2 : 1
Open Date
Thu, Nov 16, 2023
Close Date
Thu, Nov 23, 2023
Full amount of ₹ 12 per Unit shall be payable on Application
GlobalSpace Technologies Ltd's revenue increased by 111.25% and profit after tax (PAT) rose by 7321.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 61.96 | 64.33 | 51.20 | |
| Revenue | 9.52 | 19.34 | 9.15 | 25.12 |
| Profit After Tax | 0.21 | 0.52 | 0.01 | 5.67 |
| Net Worth | 36.26 | 36.05 | 35.55 | |
| Reserves and Surplus | 24.63 | 24.10 | 24.98 | |
| Total Borrowing | 32.25 | 21.71 | 33.20 | |
| Amount in ₹ Crore | ||||
Incorporated in 2010, Globespace Technologies Limited is an Information and Communication Technology (ICT) that provides integrated software product platforms and solutions to enable large and medium-sized enterprises to leverage mobility and digital technology for business development. The company's core technology platform has been constantly evolving and now includes industry solutions in Banking, Financial Services, Insurance and Education. Globespace Technologies has a considerable client list, which includes some of the reputed pharma companies, banking conglomerates & large education groups.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Adjustment of Unsecured Loans against the Entitlement of the Promoters | 15.44 |
| 2 | Working Capital Requirements | 7.00 |
| 3 | General Corporate Purposes | 4.75 |
| Total | 27.20 |
GlobalSpace Technologies Rights Issue 2023 got oversubscribed by 1.23 times by the end of the bidding period with total bid quantity received by BSE of 2,82,18,105 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Nov 23 2023 17:00:00 | 2,82,18,105 | 1.23x |
GlobalSpace Technologies Ltd
Office No. 605, 6th Floor
6th Floor, Rupa Solitiare Building,
Millennium Business Park, Mahape, Navi Mumbai 4007
Navi Mumbai, Maharashtra
The GlobalSpace Technologies Rights Issue 2023 opens on Thu, Nov 16, 2023, and closes on Thu, Nov 23, 2023.
GlobalSpace Technologies Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Mon, Nov 13, 2023 |
| Last Date for renunciation of Rights Entitlements | Mon, Nov 20, 2023 |
| Issue Opening Date | Thu, Nov 16, 2023 |
| Issue Closing Date | Thu, Nov 23, 2023 |
| Date of Allotment (on or about) | Thu, Nov 30, 2023 |
| Date of Credit (on or about) | Thu, Dec 7, 2023 |
| Date of Listing (on or about) | Mon, Dec 4, 2023 |
You can apply for GlobalSpace Technologies Rights Issue 2023 in two ways:
Steps to apply for GlobalSpace Technologies Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for GlobalSpace Technologies Rights Issue 2023 using Registrar's website (R-WAP)
