07-Nov-2023
2 mins read
In their recent meeting, the Board of Directors of GlobalSpace Technologies Limited came to a resolution to raise funds through a Rights Issue of Equity Shares. The capital infusion would be directed towards the company’s existing equity shareholders on November 3, 2023 record date and capped at Rs (yet to be announced) in compliance with the prevailing laws.
The Board has proposed the issuance of up to (yet to be announced) Equity Shares at a per-share price of Rs 12. Each eligible equity shareholder would be entitled to purchase two new shares for each share they already hold, based on the stated Rights Entitlement Ratio.
Additionally, the company has engaged (yet to be announced), as the Lead Manager to guide the fund-raising process. To ensure effective management of the fund-raise, the Board has also put a dedicated ‘Rights Issue Committee to finalize the terms and conditions related to the rights issue.
GlobalSpace Technologies Product Portfolio
GlobalSpace Technologies Limited was incorporated in 2010. It focuses on designing software solutions and product platforms to leverage the potential of digital technology and mobility that can help large and medium-sized enterprises for their business growth. Since incorporation, the company’s core technology platform has continuously evolved to encompass industry-specific solutions in the banking, financial services, insurance (BFSI), and education sectors.
GlobalSpace Technologies boasts an impressive clientele featuring renowned pharmaceutical firms, major banking conglomerates, and prominent educational institutions. This diverse customer base underscores the company’s ability to cater to various industries and their unique requirements. With a decade of experience in the information and communication technology (ICT) sector, GlobalSpace Technologies stands as a trusted partner for organizations seeking innovative and customized solutions to thrive in the ever-evolving landscape of technology and business development.
Financial Performance of GlobalSpace Technologies Limited (In Crore)
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 61.96 | 64.33 | 51.2 |
| Revenue | 19.34 | 9.15 | 25.12 |
| Profit After Tax | 0.52 | 0.01 | 5.67 |
| Reserves and Surplus | 24.63 | 24.1 | 24.98 |
Important Dates for GlobalSpace Technologies Limited Rights Issue
| Issue Open | Yet to be announced |
| Security Name | GlobalSpace Technologies Limited |
| Issue Size (Shares) | Yet to be announced |
| Issue Size (Amount) | Yet to be announced |
| Issue Price | Rs 12 per share |
| Face Value | Rs 10 per share |
| Listing At | BSE |
| Terms of Payment | Full amount of Rs 12 per Unit shall be payable on Application |
| Entitlement | 2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
| Record Date | 3-Nov-23 |
| Last Date to buy shares | 2-Nov-23 |
Lead Managers for GlobalSpace Technologies Limited Rights Issue
The lead manager for GlobalSpace Technologies Limited Rights Issue is yet to be announced.
How to Apply for GlobalSpace Technologies Limited Rights Issue
Wait for the public issue to open for subscription, and then click on this link to apply for the GlobalSpace Technologies Limited Rights Issue with Bigul https://www.bonanzaonline.com/.
How to Check Allotment Status of GlobalSpace Technologies Limited Rights Issue
The registrar for GlobalSpace Technologies Limited Rights Issue is yet to be announced.
FAQs
- What is the upcoming Rights Issue by GlobalSpace Technologies Limited?
GlobalSpace Technologies Limited has decided to raise funds by offering a Rights Issue of Equity Shares. The aim is to infuse capital up to Rs (yet to be announced) from the company’s existing equity shareholders.
- How many Equity Shares will be issued, and at what price?
The Board of GlobalSpace Technologies Limited has proposed issuing up to (yet to be announced) Equity Shares. The price per share has been set at Rs 12.
- What is the Rights Entitlement Ratio for the issue?
The Rights Entitlement Ratio is set at 2:1, meaning that each eligible equity shareholder would be entitled to purchase two new shares for every share they already hold.
- Who are the lead managers for the Rights Issue?
The lead manager for the Rights Issue is yet to be announced.
- What is the financial performance of GlobalSpace Technologies Limited?
Financial highlights include growth in total assets, total revenue, profit after tax, and reserves and surplus from 2021 to 2023, as provided in the provided data. GlobalSpace Technologies Limited’s revenue increased by 111.25%, and profit after tax (PAT) grew by 7321.43% from the financial year ending on March 31, 2022 to March 31, 2023.
- What are the important dates related to the Rights Issue?
The issue opening date is yet to be announced.
- How can I apply for GlobalSpace Technologies Limited Rights Issue?
Once the public issue opens for subscription, you can apply for the GlobalSpace Technologies Limited Rights Issue via this link: https://www.bonanzaonline.com/.
- How can I check the allotment status of GlobalSpace Technologies Limited Rights Issue?
The registrar for the Rights Issue is yet to be announced. Please stay updated for the latest information.