Globtier Infotech IPO

About Globtier Infotech Limited IPO

Globtier Infotech Limited IPO is an IPO of up to 50,00,000 equity shares. It consists of an offer for sale of up to 5,00,800 equity shares and a fresh issue of up to 44,99,200 equity shares. The shares will be allotted on TBA. The credit of shares to the demat account will take place on TBA, and the initiation of refunds will take place on TBA.

Objective of Globtier Infotech Limited IPO

• Funding the working capital requirements of the company.
• Repayment/prepayment, in full or in part, of certain loans availed by the company.
• Investment in its subsidiary.
• General corporate purposes.
• Meeting the offer expenses.

Industry Outlook

According to the National Association of Software and Service Companies (NASSCOM), the Indian IT industry’s revenue touched US$ 22,700 crores in FY22, reflecting a 15.5% YoY growth. It was estimated to have reached US$ 24,500 crores in FY23. IT spending in India is projected to record double-digit growth of 11.1% in 2024, totalling US$ 13,860 crores, up from US$ 12,470 crores the previous year. The Indian software product industry is expected to reach US$ 10,000 crores by 2025.

Company Information

Globtier Infotech Limited is a managed IT and SAP support service provider, empowering businesses through tailored IT solutions. Their offerings encompass a wide range of services designed to meet the needs of businesses of all sizes—from small and medium-sized enterprises (SMEs) to larger organisations across various industries. They focus on delivering solutions that enable clients to adapt to industry changes, enhance processes, and achieve their growth objectives through IT services. Their approach combines industry knowledge and technical expertise to ensure that each client receives solutions specifically aligned with their requirements. Their registered office is located in Noida, from where they conduct the majority of their operations, and they maintain a Business Continuity Plan (BCP) facility in Bangalore to ensure service reliability.

Risks of Globtier Infotech Limited IPO

• Dependence on System Integrators (SI): Our revenue from operations is primarily driven by System Integrators (SIs). Any challenges in maintaining relationships with these SIs or unfavorable market developments affecting SI driven IT services could have an adverse impact on our business, operational performance, cash flows, and overall financial health.

• Dependence on key customers: They depend on certain key customers for our revenues. A decrease in the revenues they derive from them could materially and adversely affect their business, results of operations, cash flows and financial condition.

• Labour legislations: They are subject to several labour legislations and regulations governing welfare, benefits and training of their employees. Any increase in such costs could adversely affect our business, results of operations, cash flows and financial condition.

Anchor Investor Information

IPO Registrar and Book Running Lead Managers

Book running lead managers:

Shannon Advisors Private Limited

Registrar for the IPO is Skyline Financial Services Private Limited

Business Model

The company earns its revenue by offering tailored IT solutions designed to meet the needs of businesses of all sizes.

Company Growth Trajectory

The total revenue from operations for the year ended FY 2023–24 was ₹88.18 crores, compared to ₹86.24 crores in FY 2022–23, reflecting a 2% increase. The profit for the period increased by ₹0.39 crore, amounting to ₹3.74 crores, which represents 4.24% of the total income in fiscal 2024, up from ₹3.35 crores in fiscal 2023, which was 3.88% of the total income.

Company Market Position

By embracing technology, the company has developed solutions that meet evolving market demands, positioning itself ahead of competitors and attracting clients who seek dependable and inventive IT services. Digital transformation, cloud solutions, and cybersecurity allow it to provide modern offerings. By integrating ongoing trends and sustainability practices, the company enhances user experiences and strengthens its position in the industry. The company’s approach to innovation-driven growth enables it to adapt to shifting market demands and maintain a competitive edge in the IT services sector.

How To Check Allotment Status of Globtier Infotech Limited IPO?

You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar Skyline Financial Services Private Limited. To check the status on the BSE website:

• Visit the BSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt (Equity in this case)
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is Globtier Infotech Limited
• Enter your application number or PAN number
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

Follow these steps to know the allotment status on the registrar’s website:

• Visit the Skyline Financial Services Private Limited website
• Choose “Public Issues” from the “Investor Services” drop-down
• Select Globtier Infotech Limited from the drop-down
• Enter your PAN number or Application number
• Click on “Submit” to know the allotment status