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Goblin India IPO is a book build issue of ₹15.20 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹15.20 crore.
Goblin India IPO bidding started from Sep 30, 2019 and ended on Oct 4, 2019. The allotment for Goblin India IPO was finalized on Oct 10, 2019. The shares got listed on BSE SME on Oct 15, 2019.
Goblin India IPO price band is set at ₹52.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,08,000.
Fast Track Finsec Pvt.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 Vijeta Broking India Pvt.Ltd..
Refer to Goblin India IPO RHP for detailed Information.
| IPO Date | September 30, 2019 to October 4, 2019 |
| Listing Date | October 15, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹51 to ₹52 per share |
| Issue Price Final | ₹52 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,24,000 shares (aggregating up to ₹15.20 Cr) |
| Reserved for Market Maker | 1,48,000 shares Vijeta Broking India Pvt.Ltd. (aggregating up to ₹0.7696 Cr) |
| Net Offered to Public | 27,76,000 shares (aggregating up to ₹14.44 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 75,19,876 shares |
| Share Holding Post Issue | 1,04,43,876 shares |
Goblin IPO offers total 29,24,000 shares. Out of which 13,88,000 (47.47%) allocated to NII, 13,88,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,48,000 (5.06%) |
| NII (HNI) Shares Offered | 13,88,000 (47.47%) |
| Retail Shares Offered | 13,88,000 (47.47%) |
| Total Shares Offered | 29,24,000 (100.00%) |
Goblin India IPO opens on September 30, 2019, and closes on October 4, 2019.
| IPO Open Date | Mon, Sep 30, 2019 |
| IPO Close Date | Fri, Oct 4, 2019 |
| Tentative Allotment | Thu, Oct 10, 2019 |
| Initiation of Refunds | Mon, Oct 14, 2019 |
| Credit of Shares to Demat | Mon, Oct 14, 2019 |
| Tentative Listing Date | Tue, Oct 15, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 4, 2019 |
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 | ₹1,04,000 |
| Retail (Max) | 1 | 2,000 | ₹1,04,000 |
| HNI (Min) | 2 | 4,000 | ₹2,08,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1989, Ahmedabad based Goblin India Ltd is engaged in the business of designing, marketing and sale of business, travel & casual luggage and travel accessories. The company is also involved in other distribution and trading business of batteries & torches, household items, office electronics, and other commodities to the corporate.
Goblin brand is known for travelling gears and corporate gifting. It sells the products through different channels such as wholesale, retail, e-commerce, and corporate gifting. In India, it has 129 direct dealers, 4 distributors and 245 dealers. Goblin also has a subsidiary in France with 250+ dealers. The company has two retail outlets in Ahmedabad and one store in Paris. Goblin also sells the products through Amazon, Flipkart and other e-commerce platforms.
The companies such as Cipla Limited, Torrent Pharmaceuticals, Corona Remedies, Intas Pharmaceuticals, Sun Pharmaceuticals, Micro Labs Limited, Indian Institute of Management (Ahmedabad) and Nirma Limited are the clients of Goblin for corporate gifting. Goblin depends on third-party companies which are located in India and China for the product manufacturing.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||
|---|---|---|---|---|
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 3,680.24 | 3,328.30 | 2,283.23 | |
| Total Revenue | 6,848.65 | 6,093.69 | 5,243.98 | |
| Profit After Tax | 344.92 | 309.37 | 63.32 | |
The Company Goblin India 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 set up a plant to manufacture/ assemble ABS Luggage bags at Ahmedabad, Gujarat | 1.83 |
| 2 | Funding the working capital requirement of the Company | 9.20 |
| 3 | General corporate purposes | 3.18 |
[Dilip Davda] The merchant banker has the dismal track record and the company is way behind the two listed peers in term of volumes. However, considering the novel product portfolio and future plans, GIL is poised for bright prospects going forward. Hence investors may consider investment for the long term. Read detail review...
| Listing Date | October 15, 2019 |
| BSE Script Code | 542850 |
| NSE Symbol | |
| ISIN | INE492Z01018 |
| Final Issue Price | ₹52 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹55.00 |
| Low | ₹54.10 |
| High | ₹57.70 |
| Last Trade | ₹56.60 |
Goblin India Ltd.
Camex House, 1st Floor
Commerce Road
Navrangpura
Ahmedabad, Gujarat, 380009
Phone: +91 79 26465080
Email: cs@goblinindia.com
Website: http://www.goblinindia.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Goblin India IPO is a SME IPO of 29,24,000 equity shares of the face value of ₹10 aggregating up to ₹15.20 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000.
The IPO opens on September 30, 2019, and closes on October 4, 2019.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Goblin India IPO using UPI as a payment gateway. Zerodha customers can apply in Goblin India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Goblin India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Goblin India IPO opens on September 30, 2019 and closes on October 4, 2019.
Goblin India IPO lot size is 2000, and the minimum amount required for application is ₹1,04,000.
You can apply in Goblin India 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 Goblin India IPO will be done on Thursday, October 10, 2019, and the allotted shares will be credited to your demat account by Monday, October 14, 2019. Check the Goblin India IPO allotment status.
The Goblin India IPO listing date is on Tuesday, October 15, 2019.
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