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Globtier Infotech IPO
Globtier Infotech Ltd
₹1,15,200 /1600 sharesMinimum Investment
Globtier Infotech IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹72.00 | ₹57.60 | -₹14.40 (20.00%) |
Globtier Infotech IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 25 Aug ‘25 - 28 Aug ‘25 | ₹2,30,400 | 1,600 | ₹72 - ₹72 |
| Issue Size | IPO Doc |
|---|---|
| 31.05Cr | RHP PDF |
Subscription rate
As of 28 Aug'25, 04:01 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 1.28x |
About Globtier Infotech
Founded in
2012
Managing director
Mr Rajiv Shukla
Parent organisation
Globtier Infotech Ltd
Strengths & Financials of Globtier Infotech
Strengths
Risks
Globtier Infotech claims to have built strong, long-lasting relationships with clients by maintaining transparency in its operations.
The company claims to offer highly personalised IT services tailored to meet the unique business requirements of each client.
Globtier Infotech claims to stay ahead of market trends by embracing new technologies like digital transformation, cloud solutions, and cybersecurity. The company believes this proactive approach allows it to deliver modern, innovative solutions that cater to evolving market demands.
The company is ISO 9001:2015 certified for quality management systems, ISO 14001:2015 certified for environmental management systems, ISO/IEC 20000-1:2018 certified for information technology service management systems, and ISO/IEC 27001:2022 certified for information security management systems.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 86.24 crore in FY23 to Rs 88.17 crore in FY24 and Rs 94.39 crore in FY25. PAT increased from Rs 3.35 crore in FY23 to Rs 3.73 crore in FY24 and Rs 5.50 crore in FY25.
The company’s business is manpower intensive, depending heavily on the availability of qualified and experienced employees. It has recorded high attrition rates of 56.44 percent in FY25, 64.36 percent in FY24, and 26.38 percent in FY23. High attrition impacts business continuity, increases hiring and training costs, and may adversely affect the company’s ability to execute contracts, meet client expectations, and sustain growth.
Employee benefit expenses accounted for Rs 44.38 crore (47.02 percent) of total revenue in FY25, Rs 49.04 crore (55.62 percent) in FY24, and Rs 43.03 crore (49.89 percent) in FY23. Any increase in these costs, whether due to wage inflation, higher incentives to retain talent, or regulatory requirements, could adversely affect the company’s profitability and finances.
Globtier Infotech generates a significant portion of its revenue through system integrators (SIs). They accounted for Rs 63.67 crore (67.45 percent) of the company’s revenue in FY25, Rs 80.75 crore (91.59 percent) in FY24, and Rs 80.59 crore (93.44 percent) in FY23. Any challenges faced by SIs, such as operational difficulties or market exit, could adversely impact the company’s business, operational performance, cash flows, and overall financial health.
The top five customers accounted for 67.71 percent, 85.86 percent, and 80.31 percent of the company’s total revenue in FY25, FY24, and FY23, respectively. Furthermore, the top customer alone accounted for 43.27 percent, 64.71 percent, and 61.20 percent of the company’s revenue in FY25, FY24, and FY23, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients, could adversely affect the company’s business and financial standing.
The company reported negative cash flow from investing activities, amounting to Rs 3.93 crore in FY25, Rs 1.98 crore in FY24, and Rs 5.28 crore in FY23. Furthermore, negative cash flow from financing activities amounted to Rs 2.20 crore in FY25 and Rs 4.09 crore in FY23. Additionally, the company reported a net decrease in cash and cash equivalents amounting to Rs 3.45 crore in FY23. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
The company is heavily dependent on its software infrastructure for development, consulting, and service delivery. Software development and consulting expenses accounted for Rs 28.75 crore (30.46 percent) of the company’s revenue in FY25, Rs 23.50 crore (26.65 percent) in FY24, and Rs 31.90 crore (36.99 percent) in FY23. Any disruption or failure in its systems could adversely impact operations, lead to data leakage, and damage its reputation. Furthermore, failure to adapt to evolving technologies, user behaviour, or emerging trends, such as artificial intelligence (AI), could result in the loss of clients and hinder the company's future growth.
The company, its promoters, and directors are involved in certain ongoing tax proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Globtier Infotech’s revenue is primarily dependent on the domestic market. It accounted for Rs 92.92 crore (98.45 percent) of the company’s total revenue in FY25, Rs 82.70 crore (93.80 percent) in FY24, and Rs 75.43 crore (87.46 percent) in FY23. Any adverse changes in the domestic market conditions could negatively affect the company’s business.
As of FY25, the company had trade receivables of Rs 32.27 crore, a sharp increase from Rs 23.13 crore in FY24 and Rs 19.94 crore in FY23. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
As of FY25, Globtier Infotech had outstanding financial indebtedness of Rs 12.21 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.
Globtier Infotech Financials
*All values are in Rs. Cr
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Application Details of Globtier Infotech IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Individual investor | ₹72 - 72 | ₹2 - 5 Lakh |
For Globtier Infotech IPO, eligible investors can apply as Individual investor.