Globtier Infotech Announces ₹31.02 Crore IPO, Priced at ₹72 Per Share
Globtier Infotech, a Managed IT and SAP Support Service provider, is launching its IPO on the BSE SME platform. The company has set the price at ₹72 per share, aiming to raise ₹31.02 crore. The subscription period is from August 25 to August 28. The offering includes a fresh issue of 38.11 lakh equity shares and an offer for sale of 5 lakh shares. Funds will be used for working capital, debt repayment, and general corporate purposes. Globtier reported a total revenue of ₹94.81 crore, net profit of ₹5.50 crore, and EBITDA of ₹11.77 crore. Shannon Advisors Pvt Ltd is the lead manager for the IPO.

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Globtier Infotech, a Managed IT and SAP Support Service provider, has announced the details of its upcoming initial public offering (IPO) on the BSE SME platform. The company has set the IPO price at ₹72 per share, aiming to raise ₹31.02 crore through the offering.
IPO Details
- Subscription Period: August 25 to August 28
- Issue Price: ₹72 per share
- Total Issue Size: ₹31.02 crore
- Listing Platform: BSE SME
Offering Structure
The IPO comprises two components:
- Fresh Issue: 38.11 lakh equity shares
- Includes 2.24 lakh shares reserved for market makers
- Offer for Sale: 5 lakh equity shares
Use of Proceeds
Globtier Infotech plans to utilize the funds raised from the fresh issue for:
- Working capital requirements
- Debt repayment
- General corporate purposes
Company Performance
Globtier Infotech reported the following financial metrics:
Financial Metric | Amount (in ₹ crore) |
---|---|
Total Revenue | 94.81 |
Net Profit | 5.50 |
EBITDA | 11.77 |
Additional Information
- Lead Manager: Shannon Advisors Pvt Ltd has been appointed as the sole book running lead manager for the IPO.
- Industry: Globtier Infotech operates in the IT services sector, specializing in Managed IT and SAP Support Services.
Investors interested in the SME sector and IT services industry may want to review the company's prospectus and financial details before making any investment decisions. As with all IPOs, potential investors should carefully consider the risks and their own financial goals before participating in the offering.