Globesecure Technologies Rights Issue Date, Price, Allotment, Entitlement

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Globesecure Technologies Rights Issue

Globesecure Technologies Rights Issue is scheduled on 25 Jul – 2 Aug 2024

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.
    Globesecure Technologies Limited

    Promoters of Globesecure Technologies – Mr. Ragavan Rajkumar, and Mr. Sarvanan Narayanasamy


    Globesecure Technologies Rights Issue Details

    Globesecure Technologies Rights Issue Date25 Jul – 2 Aug 2024
    Globesecure Technologies Rights Issue PriceINR 40 per share
    Issue Size (in Shares)68,31,261 shares
    Issue Size (in INR)INR 27.33 crore
    Issue Entitlement3 equity shares for every 4 equity shares held on record date
    Terms of PaymentFully payable at the time of application
    Globesecure Technologies Rights Issue Record Date10 July 2024
    Face ValueINR 10 per share
    Listing OnNSE

    Globesecure Technologies Rights Issue Calculation

    Globesecure Technologies Rights Issue PriceINR 40 per share
    Market Price on Rights Issue ApprovalINR 44.10 per share
    Dilution Factor (X)1.75
    Fair Value After Dilution at Prevailing PriceINR 42.34 per share

    Globesecure Technologies Financial Performance

     FY 2022FY 2023FY 2024
    Revenue26.3725.8323.89
    Expenses23.9822.4321.47
    Operating Margin (%)9.0613.1610.13
    Net Income1.001.661.01
    ROCE (%)13.4712.81
    Figures in INR Crores unless specified otherwise

    Globesecure Technologies Rights Offer Objectives

    The net proceeds from the offer are proposed to be used for

    • To augment the existing and incremental working capital requirement of the company – INR 19.54 crore
    • General corporate purposes

    Globesecure Technologies Rights Offer Documents


    Globesecure Technologies Rights Issue Dates

    Rights Issue Approval Date5 July 2024
    Rights Issue Record Date12 July 2024
    Credit of Rights EntitlementComing soon
    Rights Issue Opening Date25 July 2024
    Last Date for Market RenunciationComing soon
    Rights Issue Closing Date2 August 2024
    Finalization of Basis of AllotmentComing soon
    Rights Allotment DateComing soon
    Credit Date Coming soon
    Listing DateComing soon

    Globesecure Technologies Rights Offer Registrar

    SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
    D-153 A, 1st Floor, Okhla Industrial Area,
    Phase – I, New Delhi-110020
    Telephone: +011-40450193-197
    Email: [email protected]
    Website: www.skylinerta.com


    Globesecure Technologies Issue Contact Details

    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: [email protected]
    Website: www.globesecure.in


    Globesecure Technologies Rights Offer FAQs

    What is the Globesecure Technologies Rights Issue Price?

    The issue price is INR 40 per share.

    What is the Globesecure Technologies Rights Issue entitlement ratio?

    The eligible shareholders are offered 3 Equity Shares for every 4 Equity Shares held on the record date.

    What is the Globesecure Technologies Rights Issue Record Date?

    The Record date is 12 July 2024.

    How to Apply for the Globesecure Technologies Rights Offer?

    The best way to apply for the Globesecure Technologies Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.

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