Globesecure Technologies Limited is a new age digital transformation sector company. The company is engaged in providing cyber security services. Globesecure Technologies Limited has executed various cyber security transformation projects. It has also completed the cyber security service project in the infrastructure and digital transformation sector. let’s know detailed information about Globesecure Technologies IPO.
Globesecure Technologies Limited’s business can be divided into three major divisions. It is:
- Cyber Security
- Integrated Enterprise Solutions
- Managed Services including
Under the Managed Services portfolio, the company provides cyber forensics, protection of computer networks, cyber security, server consolidation, data security services, infrastructure-as-a-service, Email security, cloud-based big data and analytics solution, hosting and application modernization services.
The Competitive Strengths of the Globesecure Technologies IPO are as follows:
- Globesecure Technologies Limited has experienced management. The company has professionals in all business divisions. It has helped the company to scale up and expand its business venture.
- Globesecure Technologies Limited has a dedicated tech and customer-centric support team.
- The company has a great track record of handling complex migration projects.
- Globesecure Technologies Limited have a Dynamic revenue model.
- The company has a solid relationship with its clientele.
There are some harms associated with the company.
- The company’s major revenue is from BFSI – Banking, Financial Services, and Insurance sector. It shows a high dependency on the company in the sector.
- Globesecure Technologies Limited is engaged in a highly competitive and fragmented sector.
- Globesecure Technologies Limited operates from the premises on leave and license.
- Globesecure Technologies Limited has posted super earnings, which caused a suspicious outlook on the company.
- The company’s top line has been static, and there has been no growth trajectory.
OBJECTS OF THE IPO ISSUE:
- Prepayment of all the company’s loans is availed on a consolidated basis.
- To meet corporate targets.
- To fund the working capital requirement.
GLOBESECURE TECHNOLOGIES IPO DETAILS:
Globesecure Technology Limited is a company with its headquarters in Mumbai. The company recently got approval from SEBI. It earlier filed its DRHP for approval. The company is coming up with its IPO offer. The IPO offer of the company is Rs. 10.13 crores. It is a pure issue of fresh equity offers. The fresh equity is worth the 3,492,000 equity shares of the company.
|Working capital||Rs. 6.98 crores|
|General corporate purpose||Rs. 1.63 crores|
|Repayment and pre-payment of the borrowings of the company||Remaining funds|
The IPO of the company is a fixed price issue. The price has been fixed to Rs. 29 per equity share. Post allotment, the company’s shares will be listed on NSE – SME Emerge platform. The IPO issue offer constitutes 38.34 % of the post issue fully paid-up equity capital base of the company. Post IPO offer, the fully paid-up equity capital of the company will increase. It will increase from Rs. 5.62 Crores to Rs. 9.11 crores. On the upper band of IPO, the company’s market share will be Rs. 26.41 crores.
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|Globesecure Technology Limited IPO Open Date||May 23, 2022|
|Globesecure Technology Limited IPO Close Date||May 25, 2022|
|Issue Type||Fixed Price Issue type IPO|
|Globesecure Technology Limited IPO Face Value||Rs. 10 per equity share|
|Globesecure Technology Limited IPO Price||Rs. 29 per equity share|
|Globesecure Technology Limited IPO Lot Size||One lot of 4000 equity shares of the company|
|Minimum Order Quantity||4000 equity shares of the company|
|Minimum Order Price||Rs. 116,000|
|Maximum Order Quantity||4000 equity shares of the company|
|Maximum Order Price||Rs. 116,000|
|Issue Size||3,492,000 equity shares of the company aggregate to a sum of Rs. 10.13 Crores|
|Fresh Issue||3,492,000 equity shares of the company aggregate to a sum of Rs. 10.13 Crores|
|Listing At||NSE SME|
|Retail Shares Offered||50% of the net offer|
|NII (HNI) Shares Offered||50% of the net offer|
|Company Promoters||Mr. Raghavan Rajkumar Mr. Saravanan Narayanaswamy|
|Basis of Allotment||May 30, 2022|
|Initiation of Refunds||May 31, 2022|
|The Credit of Shares to Demat||May 31, 2022|
|Globesecure Technology Limited IPO Listing Date||June 2, 2022|
FINANCIAL TRENDS OF GLOBESECURE TECHNOLOGIES IPO:
|Particulars||For the year ending with the amount as in Rs. in Lakhs|
|31 Dec 21||31 Mar 21||31 Mar 20||31 Mar 19|
|Profit After Tax||111.16||100.47||11.81||61.74|
|PARAMETER||MARCH 21||MARCH 20||YoY %|
|Earnings Per Share (Rs)||2.01||0.24||750.37|
|Book NAV/Share (Rs)||14.83||12.82||15.67|
|Tax Rate (%)||27.15||34.73||-21.83|
|Core EBITDA Margin (%)||10.81||6.01||79.98|
|EBIT Margin (%)||11.39||6.15||85.21|
|Pre-Tax Margin (%)||7.23||0.94||665.86|
|PAT Margin (%)||5.26||0.62||754.79|
|Cash Profit Margin (%)||5.44||0.80||584.52|
|Asset Turnover (x)||0.76||1.01||-24.30|
|Sales/Fixed Asset (x)||9.74||110.60||-91.20|
|Working Capital/Sales (x)||-2.52||-3.94||36.01|
|Fixed Capital/Sales (x)||0.10||0.01||1035.93|
|EV/Net Sales (x)||0.66||0.37||79.30|
|EV/Core EBITDA (x)||5.74||5.85||-1.91|
|M Cap / Sales||0.00||0.00||0.00|
|Net Sales Growth (%)||-0.52||93.43||-100.55|
|Core EBITDA Growth (%)||81.85||-21.93||473.18|
|EBIT Growth (%)||84.25||-22.38||476.48|
|PAT Growth (%)||750.37||-80.86||1027.95|
|EPS Growth (%)||750.37||-85.00||982.76|
|Total Debt/Equity (x)||1.04||0.33||212.69|
|Current Ratio (x)||0.58||0.67||-13.72|
|Quick Ratio (x)||0.31||0.34||-10.97|
|Interest Cover (x)||2.74||1.18||131.76|
GLOBESECURE TECHNOLOGIES LIMITED IPO PROMOTERS:
The promoters of the company are as follows:
- Mr Raghavan Rajkumar
- Mr Saravanan Narayanaswamy
|Pre-Issue Share Holding||58.05%|
|Post Issue Share Holding||35.80%|
GLOBESECURE TECHNOLOGIES IPO CONTACT DETAILS:
Globesecure Technologies Limited
C-321, 215 Atrium, M.V. Road,
Near Courtyard Marriott Hotel,
Andheri East, Mumbai-400093,
Phone: 022 4002 2224
GLOBESECURE TECHNOLOGIES IPO REGISTRAR:
Skyline Financial Services Private Limited
D-153A, First Floor, Okhla Industrial Area,
Phase-I, New Delhi 110 020, India.
Phone: 011 40450193
Fax: 011 26812682
GLOBESECURE TECHNOLOGIES IPO LEAD MANAGERS
- Fast Track Finsec Pvt Ltd