Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Mon, Apr 25, 2016 - Wed, Apr 27, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Apr 25, 2016
IPO Close
Wed, Apr 27, 2016
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹4.94 Cr
| IPO Date | 25 to 27 Apr, 2016 |
| Listed on | Thu, May 5, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 26,00,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 1,40,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.1400 Cr) |
| Fresh Issue (Ex Market Maker) | 24,60,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 24,60,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 23,44,900 shares |
| Share Holding Post Issue | 49,44,900 shares |
| BSE Script Code | 539864 |
| ISIN | INE009U01011 |
Ghushine Fintrrade Ocean IPO comprises a total issue size of 26,00,000 shares. The net offer to the public is 24,60,000 shares, after excluding 1,40,000 shares allotted on a firm basis. Of the Net offer 12,30,000 (50.00%) allocated to NII 12,30,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,30,000 | 50.00% | 47.31% |
| Retail Shares Offered | 12,30,000 | 50.00% | 47.31% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,40,000 | 5.38% | |
| Total Shares Offered | 26,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting additional working capital requirements | 2.35 |
| 2 | Public Issue Expense | 0.25 |
| KPI | |
|---|---|
| RoNW | 0.28% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.99% | |
| Market Cap | ₹4.94 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Advisors, Registrars, Bankers etc and other out of pocket expenses. Also included commission/processing fees for SCSB’s brokerage and selling commission for Registered broker, RTA’s and CDP’s | 0.17 |
| 2 | Printing & Stationery, Postage Expenses and Marketing & Advertisement Expenses | 0.05 |
| 3 | Regulatory fees and other expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹9.00 |
| Low | ₹8.00 |
| High | ₹9.50 |
| Last Trade | ₹8.00 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Ghushine Fintrrade Ocean IPO is a SME IPO of 26,00,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Mon, Apr 25, 2016, and closes on Wed, Apr 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 Mon, Apr 25, 2016 and closes on Wed, Apr 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 Thu, May 5, 2016.
