Fixed Price IPO | ₹14 Cr | Listed at NSE SME | Mon, Jun 12, 2017 - Thu, Jun 15, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jun 12, 2017
IPO Close
Thu, Jun 15, 2017
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹51.39 Cr
| IPO Date | 12 to 15 Jun, 2017 |
| Listed on | Fri, Jun 23, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 26,88,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 1,44,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.7344 Cr) |
| Fresh Issue (Ex Market Maker) | 12,24,000 shares (agg. up to ₹6 Cr) |
| Offer for Sale | 13,20,000 shares of ₹10 (agg. up to ₹7 Cr) |
| Net Offered to Public | 25,44,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 87,08,100 shares |
| Share Holding Post Issue | 1,00,76,100 shares |
| NSE Symbol | GLOBE |
| ISIN | INE581X01013 |
Globe Textiles IPO comprises a total issue size of 26,88,000 shares. The net offer to the public is 25,44,000 shares, after excluding 1,44,000 shares allotted on a firm basis. Of the Net offer 12,72,000 (50.00%) allocated to NII 12,72,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,72,000 | 50.00% | 47.32% |
| Retail Shares Offered | 12,72,000 | 50.00% | 47.32% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,44,000 | 5.36% | |
| Total Shares Offered | 26,88,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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
| 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 | To Meet Working Capital Requirement | 6.30 |
| 2 | General Corporate Expenses | 0.30 |
The Globe Textiles IPO is subscribed [.] times on June 15, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.67 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.02 |
| 4 | Statutory expenses | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹50.00 |
| Low | ₹43.70 |
| High | ₹52.00 |
| Last Trade | ₹50.15 |
Lead Manager Reports
Globe Textiles IPO is a SME IPO of 26,88,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Jun 12, 2017, and closes on Thu, Jun 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 Mon, Jun 12, 2017 and closes on Thu, Jun 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 Fri, Jun 23, 2017.
