The initial public offer (IPO) of Globtier Infotech received bids for 56,94,400 shares as against 43,12,000 shares on offer. The issue was subscribed 1.32 times.
Qualified Institutional Buyers (QIBs) bid for 4,800 shares, Non-Institutional Investors (NIIs) for 15,16,800 shares, while individual investors (IND category bidding for 2 lots) placed bids for 41,72,800 shares.
The issue opened for bidding on 25 August 2025 and it closed on 28 August 2025. The price of the IPO was set at Rs 72 per share. The equity shares will list on BSE's SME platform.
The IPO comprised 43,12,000 equity shares, including a fresh issue of upto 38,11,200 equity shares and offer for sale (OFS) of upto 5,00,800 equity shares. The promoter and promoter group shareholding diluted to 71.39% from 99.87% pre-IPO.
The company intends to utilize the net proceeds for funding the working capital requirements of company, repayment/prepayment, in full or part, of certain loans availed by company and for general corporate purpose.
Globtier Infotech is a managed IT and SAP support service provider based in Noida, Uttar Pradesh, India. With over a decade of experience, the company delivers innovative, client-focused solutions that enhance business performance and user experience. Its core services include IT facilities management (FMS), application support, application development, digital transformation, and cloud solutions. Serving small, midsize, and start-up enterprises across various industries. As of 31 March 2025, the company had 707 full time employees.
The company recorded revenue from operations of Rs 94.38 crore and net profit of Rs 5.49 crore for the period ended 31 March 2025.