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Ghushine Fintrrade Ocean IPO is a fixed price issue of ₹2.60 crores. The issue is entirely a fresh issue of 0.26 crore shares of ₹2.60 crore.
Ghushine Fintrrade Ocean IPO bidding started from Apr 25, 2016 and ended on Apr 27, 2016. The shares got listed on BSE SME on May 5, 2016.
Ghushine Fintrrade Ocean IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
First Overseas Capital Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Ghushine Fintrrade Ocean IPO RHP for detailed Information.
| IPO Date | April 25, 2016 to April 27, 2016 |
| Listing Date | May 5, 2016 |
| Face Value | ₹10 per share |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 26,00,000 shares (aggregating up to ₹2.60 Cr) |
| Reserved for Market Maker | 1,40,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.1400 Cr) |
| Net Offered to Public | 24,60,000 shares (aggregating up to ₹2.46 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 23,44,900 shares |
| Share Holding Post Issue | 49,44,900 shares |
Ghushine Fintrrade IPO offers total 26,00,000 shares. Out of which 12,30,000 (47.31%) allocated to NII, 12,30,000 (47.31%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,40,000 (5.38%) |
| NII (HNI) Shares Offered | 12,30,000 (47.31%) |
| Retail Shares Offered | 12,30,000 (47.31%) |
| Total Shares Offered | 26,00,000 (100.00%) |
Ghushine Fintrrade Ocean IPO opens on April 25, 2016, and closes on April 27, 2016.
| IPO Open Date | Mon, Apr 25, 2016 |
| IPO Close Date | Wed, Apr 27, 2016 |
| Tentative Listing Date | Thu, May 5, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 27, 2016 |
Investors can bid for a minimum of 10,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1995, Ghushine Fintrrade Ocean Ltd is engaged in trading activities of various textile materials (semi-finished and finished products) in the textile market. Company is mainly engaged in trading of all kind of fabrics, including cotton, poly cotton, and all kind of synthetic fabrics. Their product range includes both finished and unfinished fabrics. They supply fabrics to various corporates in textile sector.
They are engaged in the trading of following products:
1. Fabric for Suiting & Shirtings
2. Sarees
3. Dress Materials
4. Quilting Fabric
5. Fabric for home furnishings such as curtains
The Company Ghushine Fintrrade Ocean IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Augmenting additional working capital requirements | 2.35 |
| 2 | Public Issue Expense | 0.25 |
[Dilip Davda] <p> </p> <p><strong>As the issue is at par, risk savvy investors may consider investment for long term.</strong></p> <p> </p> Read detail review...
| Listing Date | May 5, 2016 |
| BSE Script Code | 539864 |
| NSE Symbol | |
| ISIN | INE009U01011 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | M (Rolling) |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹9.00 |
| Low | ₹8.00 |
| High | ₹9.50 |
| Last Trade | ₹8.00 |
Ghushine Fintrrade Ocean Ltd.
203, Trividh Chambers,
Rushabh Petrol Pump Lane,
Ring Road
Surat, Gujarat, 395002
Phone: +91 261 2332122
Email: ghushine95e@gmail.com
Website: http://www.ghushine.com
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: https://www.purvashare.com/investor-service/ipo-query
Ghushine Fintrrade Ocean IPO is a SME IPO of 26,00,000 equity shares of the face value of ₹10 aggregating up to ₹2.60 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on April 25, 2016, and closes on April 27, 2016.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ghushine Fintrrade Ocean IPO using UPI as a payment gateway. Zerodha customers can apply in Ghushine Fintrrade Ocean IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ghushine Fintrrade Ocean IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ghushine Fintrrade Ocean IPO opens on April 25, 2016 and closes on April 27, 2016.
Ghushine Fintrrade Ocean IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Ghushine Fintrrade Ocean IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ghushine Fintrrade Ocean IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ghushine Fintrrade Ocean IPO allotment status.
The Ghushine Fintrrade Ocean IPO listing date is on Thursday, May 5, 2016.
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