GlobalSpace Technologies Rights Issue

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 shares02 November 2023
Record Date03 November 2023
Credit of Rights Entitlements13 November 2023
Bid/Offer Opens On16 November 2023
Renunciation of Rights Entitlements20 November 2023
Bid/Offer Closes On23 November 2023
Deemed Date of Allotment30 November 2023
Credit Date04 December 2023
Listing Date07 December 2023

GlobalSpace Technologies Rights Issue Details

Issue OpenNovember 16, 2023 – November 23, 2023
Security NameGlobalSpace 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 AtBSE
Terms of PaymentThe full amount of ₹ 12 per Unit shall be payable on the Application
Entitlement2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
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)

Rights Issue Documents

Lead Manager(s)

  • Aryaman Financial Services Limited

Rights Issue Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270

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

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

Leave a Comment

Your email address will not be published. Required fields are marked *