GlobalSpace Technologies Rights Issue will open for subscription from 16 November 2023. the company aims for an issue size of ₹27.50 Crores through this rights Issue.
About the company
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.
Objectives of the Issue
- Adjustment of Unsecured Loans against the Entitlement of the Promoter;
- Towards working capital requirements
- General Corporate Purposes.
GlobalSpace Technologies Rights Issue Timetable
| Last Date to buy shares | 02 November 2023 |
| Record Date | 03 November 2023 |
| Credit of Rights Entitlements | 13 November 2023 |
| Bid/Offer Opens On | 16 November 2023 |
| Renunciation of Rights Entitlements | 20 November 2023 |
| Bid/Offer Closes On | 23 November 2023 |
| Deemed Date of Allotment | 30 November 2023 |
| Credit Date | 04 December 2023 |
| Listing Date | 07 December 2023 |
GlobalSpace Technologies Rights Issue Details
| 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 | The full amount of ₹ 12 per Unit shall be payable on the Application |
| Entitlement | 2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Company Financials
| 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 |
Rights Issue Documents
Lead Manager(s)
- Aryaman Financial Services Limited
Rights Issue Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: globalspace.rights2023@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
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/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
