IPO Details
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IPO Size
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Schedule of Globtier Infotech Ltd
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
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.
Globtier Infotech Limited IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band (₹) | TBA |
Existing Shares to be Sold | Up to 5,00,800 Equity Shares |
Fresh Issue | Up to 44,99,200 Equity Shares |
EPS (₹) For the year ended March 31, 2024 | 9.91 |
Globtier Infotech Limited IPO Lot Size
| Investor Category | Shares Offered |
|---|---|
QIBs Share Offered | TBA |
Non-Institutional Investors (NIIs) | TBA |
Retail Individual Investors | TBA |
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.
Globtier Infotech Ltd Strengths
Long-Term Relationships
By consistently following responsible practices, they promote transparency in their operations. This transparency builds confidence and reliability, encouraging ongoing engagement with our clients. Additionally, their commitment to fair practices helps them attract and retain employees who value a culture of integrity.
Understanding of Technology
By embracing technology, they develop solutions that meet evolving market demands, positioning them ahead of competitors and attracting clients who seek dependable and inventive IT services. Digital transformation, cloud solutions, and cybersecurity allows them to provide modern offerings.
Client-centric approach
They understand the unique needs of each client and provide customized IT services that match their specific goals. By working closely with their clients, they design and implement solutions that are perfectly aligned with their business requirements. This personalized approach not only increases customer satisfaction but also sets them apart in a competitive market, making them a preferred choice for businesses looking for tailored IT solutions.
Risks of Globtier Infotech Limited IPO
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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.
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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.
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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.
All Financial Information about Globtier Infotech
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Comparison with peers
| Parameter | Globtier Infotech Limited | Dev Information Technology Ltd | Sattrix Information Security Limited |
|---|---|---|---|
Revenue from operations March 31, 2024 (₹ in crores) | 88.176 | 163.576 | 40.371 |
P/E | - | 39.57 | 41.53 |
EPS (Basic)(₹) | 9.91 | 4.19 | 3.61 |
Return on Net Worth (%) | 29.44% | 16.26% | 13.31% |
NAV per share (₹) | 38.62 | 25.92 | 27.10 |
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.
Globtier Infotech Limited Company Profit & Loss
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Revenue from operations (₹ crores) | 68.910 | 86.245 | 88.176 |
Profit Before Tax (₹ crores) | 1.919 | 4.567 | 5.183 |
Net profit / (loss) (₹ crores) | 1.188 | 3.350 | 3.736 |
EBITDA (₹ crores) | 3.850 | 6.707 | 7.559 |
EPS (₹) | 3.15 | 8.89 | 9.91 |
Globtier Infotech Limited Cash Flow
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Profit before tax (₹crores) | 1.919 | 4.567 | 5.183 |
Net Cash from Operating Activities (₹ crores) | (0.433) | 5.926 | 0.153 |
Net Cash from Investing Activities (₹ crores) | (0.450) | (5.281) | (1.983) |
Net Cash from Financing Activities (₹ crores) | 4.628 | (4.092) | 2.932 |
Cash and Cash Equivalents (₹ crores) | 4.879 | 1.431 | 2.533 |
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
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Globtier Infotech Ltd IPO FAQs
What is the Globtier Infotech Limited IPO?
The Globtier Infotech Limited IPO has an issue size of up to up to 50,00,000 equity shares. The IPO opens for subscription on TBA and closes on TBA.
Who is the Registrar for Globtier Infotech Limited IPO?
Skyline Financial Services Private Limited is the registrar for this IPO.
Where can I read more about Globtier Infotech Limited business?
You may read more about Globtier Infotech Limited and its IPO from the company’s draft red herring prospectus (DRHP) here.
