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Globesecure Technologies IPO

Globesecure Technologies Limited Logo

Globesecure Technologies (IPO) is a digital transformation company in India that offers cyber security services. The company has executed several cyber security transformation projects, infrastructure, and digital transformation projects for various institutions and individuals.

The company’s business line is classified into three divisions: Cyber Security, Integrated Enterprise Solutions, and Managed Services including cyber forensics, cyber security, data security services, protection of computer networks, Email security, server consolidation and transformation, hosting, infrastructure-as-a-service, cloud-based big data and analytics solution, application modernization, etc.

As on May 16, 2022, the company had 16 employees across the key business verticals.

Competitive Strengths

  • Experienced Management who lead the company to scale up and expand into new opportunities.
  • Dedicated tech support team to provide services/ solutions to our customers.
  • Handled complex migration projects.
  • Dynamic revenue model with continued relation with clientele.

Company Financials:

ParticularsFor the year/period ended (₹ in Lakhs)
Total Assets2976.032759.192243.191565.29
Total Revenue1116.991922.571924.271042.87
Profit After Tax111.16100.4711.8161.74

Objects of the Issue:

The company intends to utilize the proceeds of the Issue to meet the following objects:

1. To part finance the Working Capital Requirements.

2. General Corporate Purposes.

3. To meet Issue Expenses.

IPO Details

Globesecure Technologies IPO DateMay 23, 2022 to May 25, 2022
Globesecure Technologies IPO Face Value₹10 per share
Globesecure Technologies IPO Price₹29 per share
Globesecure Technologies IPO Lot Size4000 Shares
Issue Size3,492,000 shares of ₹10
(aggregating up to ₹10.13 Cr)
Fresh Issue3,492,000 shares of ₹10
(aggregating up to ₹10.13 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Retail Shares Offerednot less than 50% of the Net Offer
NII (HNI) Shares Offerednot more than 50% of the Net Offer
Company PromotersMr. Ragavan Rajkumar and Mr. Saravanan Narayanasamy are the company promoters.

IPO Timeline

IPO opens on May 23, 2022, and closes on May 25, 2022. The IPO bid date is from May 23, 2022 10.00 A.M. to May 25, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Globesecure Technologies IPO Opening DateMay 23, 2022
Globesecure Technologies IPO Closing DateMay 25, 2022
Basis of AllotmentMay 30, 2022
Initiation of RefundsMay 31, 2022
Credit of Shares to DematMay 31, 2022
Globesecure Technologies IPO Listing DateJun 2, 2022

IPO Lot Size

The IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹116,000).


IPO Promoter Holding

Pre Issue Share Holding58.05%
Post Issue Share Holding35.80%

IPO Prospectus

Company Contact Information

Globesecure Technologies Limited
C-321, 215 Atrium,
M.V. Road, Near Courtyard Marriott Hotel,
Andheri -East, Mumbai-400093
Phone: +91-22- 4002 2224
Email: [email protected]

IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: [email protected]

IPO Lead Manager(s)

  1. Fast Track Finsec Pvt Ltd