₹27.33 Crores | Listing at NSE | Thu, Jul 25, 2024 - Fri, Aug 2, 2024
Globesecure Technologies Limited Rights Issue comprises 0.6831 Cr equity shares aggregating to ₹27.33 Cr, offered at an issue price of ₹40 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Jul 12, 2024, with the Rights Issue being offered in the entitlement ratio of 3 : 4.
The term of payment is defined as following : The entire amount of the Issue Price of ₹40/- per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Aug 9, 2024.
The Rights Issue opens on Jul 25, 2024 and closes on Aug 2, 2024.
The deemed date of allotment is Aug 9, 2024, following which the equity shares are expected to be credited to demat accounts on Aug 13, 2024 and listed at the NSE on Aug 16, 2024.
Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Globesecure Technologies Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Jul 12, 2024
Entitlement Ratio
3 : 4
Open Date
Thu, Jul 25, 2024
Close Date
Fri, Aug 2, 2024
The entire amount of the Issue Price of ₹40/- per Rights Equity Share shall be payable at the time of Application.
Globesecure Technologies Limited's revenue decreased by -3.25% and profit after tax (PAT) dropped by -38.98% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 34.68 | 38.94 | |
| Revenue | 25.01 | 25.85 | |
| Profit After Tax | 1.01 | 1.66 | |
| Net Worth | 21.16 | 20.14 | 9.85 |
| Reserves and Surplus | 12.05 | 11.04 | |
| Total Borrowing | 8.83 | 6.79 | 8.26 |
| Amount in ₹ Crore | |||
Globesecure Technologies Limited was founded in 2016 and offers services in the field of cyber security.
The company has undertaken several cybersecurity transformation projects, infrastructure and digital transformation projects for various institutions and also provides similar independent services to our clients.
The company has the following lines of business:
On July 02, 2024, the company had 14 full-time employees.
The Company intends to utilize the Net Proceeds from the Issue towards meeting the following objectives:
[Dilip Davda] The company is engaged in providing digital transformation for cyber securities. This segment is highly competitive and fragmented segment. Its financial performance so far has been average and on that basis, the issue appears aggressively priced. There is no harm in skipping this “High Risk/Low Return” pricey bet Read detail review...
Globesecure Technologies Limited
A-309, Sagar Tech Plaza,
Andheri Kurla Road, Opp. Rubber Factory,
Sakinaka, Andheri East, Mumbai – 400072
Andheri, Maharashtra, 400072
Skyline Financial Services Pvt.Ltd.
The Globesecure Technologies Rights Issue 2024 opens on Thu, Jul 25, 2024, and closes on Fri, Aug 2, 2024.
Globesecure Technologies Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, Jun 21, 2024 |
| Last Date for renunciation of Rights Entitlements | |
| Issue Opening Date | Thu, Jul 25, 2024 |
| Issue Closing Date | Fri, Aug 2, 2024 |
| Date of Allotment (on or about) | Fri, Aug 9, 2024 |
| Date of Credit (on or about) | Tue, Aug 13, 2024 |
| Date of Listing (on or about) | Fri, Aug 16, 2024 |
You can apply for Globesecure Technologies Rights Issue 2024 in two ways:
Steps to apply for Globesecure Technologies Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Globesecure Technologies Rights Issue 2024 using Registrar's website (R-WAP)
