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GlobalSpace Technologies Ltd Rights Issue (GlobalSpace Technologies Rights Issue 2023) Detail

November 16, 2023 - November 23, 2023
GlobalSpace Technologies Ltd Logo

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.

GlobalSpace Technologies Rights Issue 2023 Detail

Issue Open November 16, 2023 - November 23, 2023
Security Name GlobalSpace Technologies Ltd
Issue Size (Shares) 22,913,202
Issue Size (Amount) ₹27.50 Crores
Issue Price ₹12 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

Full amount of ₹ 12 per Unit shall be payable on Application

Entitlement 2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

GlobalSpace Technologies Rights Issue 2023 Issue Timetable

Last Date to buy sharesNovember 2, 2023
Record Date November 3, 2023
Credit of Rights Entitlements November 13, 2023
Bid/Offer Opens On November 16, 2023
Renunciation of Rights Entitlements November 20, 2023
Bid/Offer Closes On November 23, 2023
Deemed Date of Allotment November 30, 2023
Credit Date December 7, 2023
Listing Date December 4, 2023

Company Financials

GlobalSpace Technologies Ltd Financial Information (Restated Standalone)

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 Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets61.9664.3351.20
Revenue9.5219.349.1525.12
Profit After Tax0.210.520.015.67
Net Worth36.2636.0535.55
Reserves and Surplus24.6324.1024.98
Total Borrowing32.2521.7133.20
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the Net Proceeds:

Towards working capital requirements;

1. Adjustment of Unsecured Loans against the Entitlement of the Promoter;

2. Towards working capital requirements

3. General Corporate Purposes.

GlobalSpace Technologies Rights Issue 2023 Subscription Status

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 28,218,105 shares.

GlobalSpace Technologies Rights Issue 2023 Documents

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Company Contact Information

GlobalSpace Technologies Ltd
Office No. 605, 6th Floor
6th Floor, Rupa Solitiare Building,
Millennium Business Park, Mahape, Navi Mumbai 4007

Phone: 022-49452000
Email: info@globalspace.in
Website: https://www.globalspace.in/

GlobalSpace Technologies Rights Issue 2023 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: globalspace.rights2023@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

GlobalSpace Technologies Rights Issue 2023 Lead Manager(s)

GlobalSpace Technologies Rights Issue 2023 FAQs

The GlobalSpace Technologies Rights Issue 2023 opens on November 16, 2023, and closes on November 23, 2023.

GlobalSpace Technologies Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsNovember 13, 2023
Last Date for renunciation of Rights EntitlementsNovember 20, 2023
Issue Opening DateNovember 16, 2023
Issue Closing DateNovember 23, 2023
Date of Allotment (on or about)November 30, 2023
Date of Credit (on or about)December 7, 2023
Date of Listing (on or about)December 4, 2023

GlobalSpace Technologies Rights Issue 2023 price is set at ₹12 per share per equity share.

The eligible shareholders are being offered 2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (November 3, 2023).

The record date for the GlobalSpace Technologies Rights Issue 2023 is November 3, 2023.

The issue size of GlobalSpace Technologies Rights Issue 2023 is of 22,913,202 equity shares at ₹12 per share aggregating upto ₹27.50 Crores.

The Letter of Offer for GlobalSpace Technologies Rights Issue 2023 can be download here.

You can apply for GlobalSpace Technologies Rights Issue 2023 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for GlobalSpace Technologies Rights Issue 2023 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the GlobalSpace Technologies Rights Issue 2023 available on the list.
  4. Click the Apply button next to the GlobalSpace Technologies Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for GlobalSpace Technologies Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select GlobalSpace Technologies Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

1 Comments

1. Rocket Man     Link|November 14, 2023 12:00:49 PM
The listing date is December 8th.

You have mentioned it on December 4th, do change it.

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