Globesecure Technologies Rights Issue: Check How to Become Eligible?

Globesecure Technologies Limited came up with the rights issue. The company issued a total of 6,831,261 Equity shares with a decided issue price of Rs 40 per share, a total amounting to Rs 27.33 Crores. Meanwhile, the face value is reported as Rs 10 per share. Investors who currently do not hold shares of Globesecure Technologies Limited have the opportunity to purchase shares until July 11, 2024, to qualify for this rights issue. It is important to note that the record date for eligibility is July 12, 2024. However, Skyline Financial Services Private Limited is appointed as the registrar for this rights issue. If we look at the entitlement ratio, it is mentioned 3 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date.

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About Globesecure Technologies Limited

Globesecure Technologies Limited, founded in 2016, specializes in cybersecurity services. They have undertaken numerous cybersecurity transformation projects, infrastructure upgrades, and digital transformation initiatives for various institutions, providing a range of services to clients.

The company offers several lines of business: Cyber Security, which includes Managed Security Services, Managed Detection and Response (MDR), Cloud Security, Cyber Security Solution Integration, Data Protection, Endpoint Security, and Email Security. They also provide Integrated Enterprise Solutions like network access control, information auditing, managed services, and digital solutions such as cloud services and analytics. Additionally, their Managed Services cover IT support, infrastructure management, and network security audits. As of May 14, 2024, they employed 17 full-time employees.

Financial Performance of Globesecure Technologies Limited (Amt in Rs Crore)

The company's revenue was reported to be Rs 25.01 Crore for the year ended March 2024, which shows a decrease of 3.2%. The profit after tax is also decreased to Rs 1.01 Crore, shows a decrease of 39.15% for the year ended March 2024 compared to March 2023.

Important Dates for Globesecure Technologies Rights Issue

Timetable of Globesecure Technologies Rights Issue

Lead manager(s), Registrar of Rights Issue & Letter of Offer

The firm has not yet disclosed the lead manager for the rights issue. However, Skyline Financial Services Private Limited is appointed as a registrar for this rights issue. You can check your allotment status here. Globesecure Technologies released a Letter of Offer. To read it in detail, click here.

FAQs

1.  What are the important dates for Globesecure Technologies 's rights issue?

The important dates include the opening & closing dates of the rights issue is July 25, 2024 till August 2, 2024 respectively.

2.  What is the last date for buying shares to get eligible for this rights issue?

To get eligible for the rights issue of Globesecure Technologies limited, an investor can buy its shares till July 11, 2024.

3.  What is the record date for the Globesecure Technologies Rights Issue?

The record date, which is the Date to determine the shareholder's eligibility for the Rights Issue is July 12, 2024. 

4.  How can I apply for the Globesecure Technologies Limited Rights Issue?

You can apply for Globesecure Technologies Rights Issues 2024 in two ways one is Net Banking (ASBA) and the other is by visiting Registrar's Website (R-WAP Facility).

5.  How can I check the allotment status of the Globesecure Technologies Issue?

The registrar for this rights issue is Skyline Financial Services Private Limited, you can check your allotment status by visiting here.

6.  From where can I get the Letter of Offer for this Rights Issue?

You can download the Letter of Offer by visiting here.

7.  Where will the Globesecure Technologies Rights Issue be listed?

The Rights Issue will be listed on the NSE.

8.  What is the entitlement ratio for the Globesecure Technologies Limited Rights Issue?

The entitlement ratio is set at 3 Rights Equity Shares for every 4 fully paid-up equity shares held on the record date.

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