The Global Space Technologies IPO date has been confirmed to have started on July 26, 2017 and ended on July 28, 2017.
Using an IPO, Global Space Technologies is seeking to raise Rs 20.02 crore. Its price is ₹66 per share and the minimum lot size for an application is 2000 shares. The minimum amount of investment required by retail investors is ₹132,000.
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Bidding Dates
July 26-28
Price Range
₹66 per share
Face Value
₹10 per share
GMP
₹21.82
Global Space Technologies IPO GMP
The Global Space Technologies Limited IPO GMP is ₹21.82.
IPO Overview
The Global Space IPO has a fixed price of Rs 20.02 crore. Bidding for the Global Space IPO began on July 26, 2017 and closed on July 28, 2017. On August 7, 2017, the shares were listed on the BSE SME. The IPO price for Global Space is $66 per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of $130,000.
GSTL launched its flagship product for the pharmaceutical industry in 2011. Its technology platform has been constantly evolving and now includes industry solutions in banking, financial services, Insurance and education. The company has a considerable client list, which includes some of the reputed pharma companies, banking conglomerates and large education groups, i.e. Cipla, Maruti, Ipca, BoI, SBI, Glenmark, Bajaj, etc.
Global Space IPO Details
| IPO Date | July 26, 2017 to July 28, 2017 |
| Listing Date | August 7, 2017 |
| Face Value | ₹10 per share |
| Price | ₹66 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,034,000 shares (aggregating up to ₹20.02 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Global Space Technologies Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹60.05 |
| Low | ₹60.05 |
| High | ₹60.05 |
| Last Trade | ₹60.05 |
Global Space IPO Listing Details
| Listing Date | August 7, 2017 |
| BSE Script Code | 540654 |
| NSE Symbol | |
| ISIN | INE632W01016 |
| Final Issue Price | ₹66 per share |
Company Profile
Global Space Technologies Ltd. (GSTL), founded in 2010, is a software product platform company focused on enterprise mobility SaaS-based solutions, offering integrated software and hardware product platforms and solutions to help large and medium-sized businesses embrace mobility and digital technology for business enhancement. The company offers domain-specific mobility and digital technology products by leveraging modern web, mobile, big data, analytics, and custom hardware to bring customizable and configurable solutions to
many industrial verticals.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | globalspace.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Global Space Technologies Ltd |
| Phone number | +91 22 49452014 |
| Email ID | investors@globalspace.in |
| Website | globalspace.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
