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.
Promoters of Globesecure Technologies – Mr. Ragavan Rajkumar, and Mr. Sarvanan Narayanasamy
Table of Contents
Globesecure Technologies Rights Issue Details
| Globesecure Technologies Rights Issue Date | 25 Jul – 2 Aug 2024 |
| Globesecure Technologies Rights Issue Price | INR 40 per share |
| Issue Size (in Shares) | 68,31,261 shares |
| Issue Size (in INR) | INR 27.33 crore |
| Issue Entitlement | 3 equity shares for every 4 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Globesecure Technologies Rights Issue Record Date | 10 July 2024 |
| Face Value | INR 10 per share |
| Listing On | NSE |
Globesecure Technologies Rights Issue Calculation
| Globesecure Technologies Rights Issue Price | INR 40 per share |
| Market Price on Rights Issue Approval | INR 44.10 per share |
| Dilution Factor (X) | 1.75 |
| Fair Value After Dilution at Prevailing Price | INR 42.34 per share |
Globesecure Technologies Financial Performance
| Â | 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 | – |
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 – INR 6.83 crore
Globesecure Technologies Rights Offer Documents
- Globesecure Technologies Rights Issue Application Form
- Globesecure Technologies Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Globesecure Technologies Rights Issue Dates
| Rights Issue Approval Date | 5 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 | 2 August 2024 |
| Finalization of Basis of Allotment | 8 August 2024 |
| Rights Allotment Date | 9 August 2024 |
| Credit Date | 13 August 2024 |
| Listing Date | 16 August 2024 |
Globesecure Technologies Rights Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Telephone:Â +011-40450193-197
Email: [email protected]
Website:Â 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:Â +91-22- 4978 9686
E-mail:Â [email protected]
Website:Â 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.
