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Globe Textiles IPO is a fixed price issue of ₹13.71 crores. The issue is a combination of fresh issue of 0.14 crore shares aggregating to ₹6.98 crores and offer for sale of 0.13 crore shares aggregating to ₹6.73 crores.
Globe Textiles IPO bidding started from Jun 12, 2017 and ended on Jun 15, 2017. The shares got listed on NSE SME on Jun 23, 2017.
Globe Textiles IPO price is ₹51.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Globe Textiles IPO RHP for detailed Information.
| IPO Date | June 12, 2017 to June 15, 2017 |
| Listing Date | June 23, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 26,88,000 shares (aggregating up to ₹13.71 Cr) |
| Reserved for Market Maker | 1,44,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.7344 Cr) |
| Fresh Issue (Ex Market Maker) | 12,24,000 shares (aggregating up to ₹6.24 Cr) |
| Offer for Sale | 13,20,000 shares of ₹10 (aggregating up to ₹6.73 Cr) |
| Net Offered to Public | 25,44,000 shares (aggregating up to ₹12.97 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 87,08,100 shares |
| Share Holding Post Issue | 1,00,76,100 shares |
Globe Textiles IPO offers total 26,88,000 shares. Out of which 12,72,000 (47.32%) allocated to NII, 12,72,000 (47.32%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,44,000 (5.36%) |
| NII (HNI) Shares Offered | 12,72,000 (47.32%) |
| Retail Shares Offered | 12,72,000 (47.32%) |
| Total Shares Offered | 26,88,000 (100.00%) |
Globe Textiles IPO opens on June 12, 2017, and closes on June 15, 2017.
| IPO Open Date | Mon, Jun 12, 2017 |
| IPO Close Date | Thu, Jun 15, 2017 |
| Tentative Listing Date | Fri, Jun 23, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 15, 2017 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Incorporated in 1995, Globe Textiles (India) Limited is Ahmedabad Gujrat based company engaged in manufacturing of Garments, cotton printed fabrics, home textiles and fancy fabrics. Company is also engaged in trading of yarns, denims and Non denims fabrics, Shirting fabrics and Jeans.
Globe Textiles has 3 manufacturing units located in and around Ahmedabad. Company caters both domestic as well as international markets.
COMPETITIVE STRENGTHS
• Key customer base with reputed international Customers
• Cost effective production and timely fulfillment of orders
• Scalable Business Model
The Company Globe Textiles 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 | To Meet Working Capital Requirement | 6.30 |
| 2 | General Corporate Expenses | 0.30 |
[Dilip Davda] Investment may be considered for medium to long term. Read detail review...
| Listing Date | June 23, 2017 |
| BSE Script Code | |
| NSE Symbol | GLOBE |
| ISIN | INE581X01013 |
| Final Issue Price | ₹51 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹50.00 |
| Low | ₹43.70 |
| High | ₹52.00 |
| Last Trade | ₹50.15 |
Globe Textiles (India) Ltd.
Plot No. 38 to 41,
Ahmedabad Apparel Park,
GIDC Khokhra,
Ahmedabad, Gujarat, 380008
Phone: +91-79-2293 1881/82/83/84
Email: info@globetextiles.net
Website: http://globetextiles.net/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Globe Textiles IPO is a SME IPO of 26,88,000 equity shares of the face value of ₹10 aggregating up to ₹13.71 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on June 12, 2017, and closes on June 15, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Globe Textiles IPO using UPI as a payment gateway. Zerodha customers can apply in Globe Textiles IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Globe Textiles IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Globe Textiles IPO opens on June 12, 2017 and closes on June 15, 2017.
Globe Textiles IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Globe Textiles 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 Globe Textiles IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Globe Textiles IPO allotment status.
The Globe Textiles IPO listing date is on Friday, June 23, 2017.
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