Globesecure Technologies Rights Issue will open for subscription from 25 July 2024. the company aims for an issue size of ₹27.33 Crores through this rights Issue.
About the company
Globesecure Technologies is a digital transformation company in India specializing in cyber security. The company has executed numerous cyber security transformation projects, infrastructure projects, and digital transformation initiatives for various institutions, and also provides similar independent services to its clients.
As of 14 May 2024, the company had 17 full-time employees. The company classifies its business into three categories:
- Cyber Security: This encompasses a range of services such as Managed Security Services, Managed Detection and Response (MDR) Services, Cloud Security Services, Cyber Security Solution Integration Services, Data Protection Services, Endpoint Security, and Email Security.
- Integrated Enterprise Solutions: These solutions include cyber security, network access control (NAC), information auditing, and security products. In addition, the company offers consulting and assessment services, managed services, and digital solutions such as cloud services, big data, and analytics.
- Managed Services: Managed IT Services, or outsourced IT, include third-party infrastructure and technical support for companies. In this area, the company offers Managed Networks and Infrastructure, Managed Security, Managed Support Services, and Network Security Audits.
Objectives of the Issue
- To augment the existing and incremental working capital requirement of the Company, and
- General Corporate Purpose.
Globesecure Technologies Rights Issue Timetable
| Rights Issue Approval Date | 05 July 2024 |
| Rights Issue Record Date | 12 July 2024 |
| Credit of Rights Entitlement | 21 June 2024 |
| Rights Issue Opening Date | 25 July 2024 |
| Last Date for Market Renunciation | 26 July 2024 |
| Rights Issue Closing Date | 02 August 2024 |
| Finalization of Basis of Allotment | 08 August 2024 |
| Rights Allotment Date | 09 August 2024 |
| Credit Date | 13 August 2024 |
| Listing Date | 16 August 2024 |
Globesecure Technologies Rights Issue Details
| Issue Open | July 25, 2024 – August 2, 2024 |
| Security Name | Globesecure Technologies Limited |
| Issue Size (Shares) | 6,831,261 |
| Issue Size (Amount) | ₹27.33 Crores |
| Issue Price | ₹40 per share |
| Face Value | ₹10 per share |
| Listing At | NSE |
| Terms of Payment | The entire amount of the Issue Price of ₹40/- per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 3 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date |
Company Financials
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 26.37 | 25.83 | 23.89 |
| Expenses | 23.98 | 22.43 | 21.47 |
| Operating Margin (%) | 9.06 | 13.16 | 10.13 |
| Net Income | 1.00 | 1.66 | 1.01 |
| ROCE (%) | 13.47 | 12.81 | – |
Rights Issue Documents
Globesecure Technologies Rights Issue Lead Manager(s)
Globesecure Technologies Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Telephone: +011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Company Contact Information
GLOBESECURE TECHNOLOGIES LIMITED
A-309, Sagartech Plaza, Andheri Kurla Road,
Opp. Rubber Factory, Sakinaka, Andheri East,
Mumbai – 400072, Maharashtra, India
Phone: +91-22- 4978 9686
E-mail: info@globesecure.in
Website: www.globesecure.in
Final Thoughts
Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.
Happy investing
