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09/11/2018 11:15am

GlobalSpace Technologies Limited seeking permission for its IPO in the SME segment

image GlobalSpace Technologies Limited seeking permission for its IPO in the SME segment

New Delhi, Nov 9 (KNN) In the SME segment, Mumbai based GlobalSpace Technologies Limited, a digital, mobility, analytics & cloud Technology Company filed its Draft Red Herring Prospectus (DRHP) with the market regulator BSE seeking permission for its Initial Public Offering (IPO).

GlobalSpace Technologies Limited provides integrated software product platforms and solutions to enable large and medium enterprises embrace mobility & digital technology for their business enhancement.

The company launched its flagship product for pharmaceutical industry in the year 2011.

The core technology platform of GlobalSpace has been constantly evolving and now includes industry solutions in Banking, Financial Services, Insurance and Education domain.

The net proceeds from the issue will be used for expenditure on Research and Development, advertising and sales promotion, funding incremental working capital requirements and for general corporate purposes.

Choice Capital Advisors Private Limited is lead manager to the issue and Link Intime India Private Limited is the Registrar to the Issue.

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