Incorporated in 2010, Navi Mumbai based Global Space Technologies Ltd is a Software Product Platform Company . The Company provides domain specific mobility & digital technology products The company has a impressive client list, which includes reputed pharma companies, banking giants & large education groups such as Cipla, Maruti, Ipca, Bank of India , State Bak of India , Glenmark, Bajaj etc
The Promoter of the company :
Mr. Krishna Singh
The main objects of the issue are:
1. Expenditure on Research and Development;
2. Advertising and sales promotion;
3. Funding incremental working capital requirements;
Issue Opens on : Jul 26, 2017
Issue Closes on Jul 28, 2017
Issue Type: Fixed Price Issue IPO
Issue Size: 3,034,000 Equity Shares of Rs 10 aggregating up to Rs 20.02 Cr
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 66 Per Equity Share
Minimum Order Quantity: 2000 Shares
Listing proposed At: BSE SME
Lead Manager:Choice Capital Advisors Pvt Ltd
Registrar:Link Intime India Private Ltd
Turnover/net profits of 2015-16 Rs. 13.98 cr. / Rs. 0.62 crores respectively and
Turnover/net profits of 2016-17 Rs. 17.28 cr. / Rs. 1.02 crores .
The Issue price appears at a P/E of 74 plus,as against industry PE of 20.
Issue is priced at a Price/BookValue of 5.38.
Know the Merchant Banker:
This is the second SME IPO from its stable and its first IPO opened at just 5% premium to offer price.