IPO Issue Details
Issue Price / Price Band₹66 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size30,34,000 shares (aggregating up to ₹20.02 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 26 Jul 2017
Subscription CloseFri, 28 Jul 2017
Anchor AllotmentTue, 25 Jul 2017
Basis of AllotmentThu, 03 Aug 2017
Initiation of RefundsFri, 04 Aug 2017
Credit of Shares to DematFri, 04 Aug 2017
Listing DateMon, 07 Aug 2017
UPI Mandate Deadline2017-07-28
Application & Investment Details
Retail — Min (1 Lots)₹1,32,000 — 2,000 shares
Retail — Max (13 Lots)₹1,716,000 (13 Lots)
HNI — Min (2 Lots)₹2,64,000 — 2,000 shares
Net Offer to Public28,80,000 shares (aggregating up to ₹19.01 Cr)
Reserved for Market Maker1,54,000 shares (aggregating up to ₹1.02 Cr)
Pre-IPO Promoter Holding84,22,601 shares
Post-IPO Promoter Holding84,22,601 shares
About Globalspace Technologies Ltd.
Incorporated in 2010, Global Space Technologies Ltd (GSTL) is a Software Product Platform Company with focus on Enterprise Mobility SaaS based solutions, providing integrated software & hardware product platforms and solutions to enable large and medium enterprises embrace mobility & digital technology for their business enhancement.The Company provides domain specific mobility & digital technology products by leveraging contemporary web, mobile technology, big data, analytics & custom hardware to deliver customizable and configurable solutions to different industry verticals. GSTL launched its flagship product for pharmaceutical industry in the year 2011. Its technology platform has been constantly evolving and now includes industry solutions in Banking, Financial Services, Insurance and Education. The company has a considerable client list, which includes some of the reputed pharma companies, banking conglomerates & large education groups i.e. Cipla, Maruti, Ipca, BoI, SBI, Glenmark, Bajaj etc.
Objects of the Issue
Globalspace Technologies Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Expenditure on Research and Development
4.51
2
Advertising and sales promotion
6.47
3
Funding incremental working capital requirements
5.06
4
Funding incremental working capital requirements
3.63
Shareholding & Lock-in
Pre-IPO Promoter Holding
84,22,601 shares
Post-IPO Promoter Holding
84,22,601 shares