Globe Textiles IPO

Globe Textiles IPO

Globe Textiles IPO

Globe Textiles IPO

Globe Textiles (India) Limited was established in the year 1995 and is engaged in manufacturing of Garments, cotton printed fabrics, home textiles and fancy fabrics. The company’s manufacturing activities are undertaken at three different units situated at:-

  • Unit I - Plot No. 38 to 41, Ahmedabad Apparel Park, GIDC Khokhra, Ahmedabad-380008, Gujarat.
  • Unit II - Godown No 3, Matiya Estate, Piplej Pirana Road, Taluka Mouje Village, Narol, Ahmedabad - 382405, Gujarat.
  • Unit III - Godown No. 22, 23 & 24 Taluka Mouje Village, Saijpur, Gopalpur, Narol Ahmedabad - 382405, Gujarat.

The Company caters both domestic as well as international markets. It has also been recognized by Government of India as a “One Star Export House” and holds a valid certificate from September, 2016 till September, 2021 from the Director General of Foreign Trade.

Globe Textiles’ manufacturing units are equipped with all equipment and facilities for manufacturing of fabrics along with all the other allied equipments. The Company is also engaged in trading of yarns, denims and non denims fabrics, shirting fabrics and Jeans. Also, it performs job work for many clients.

Promoters of Globe Textiles – Bhavik Suryakant Parikh and Bhavin Suryakant Parikh

Globe Textiles IPO details

Subscription Dates12 - 15 June 2017
IPO Price bandINR51 per share
Fresh issue 1,368,000 shares (INR6.97 crore)
Offer for sale 1,320,000 shares (INR6.73 crore)
Total IPO size2,688,000 shares (INR13.70 crore)
Minimum bid (lot size)2,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge platform


Globe Textiles' financial performance (in INR crore)

Total revenue71.73115.50166.30175.26183.15191.86
Total expenses 70.30113.15162.76171.83180.85186.98
Profit after tax0.961.342.232.441.573.25

Globe Textiles IPO Subscription Details


Subscription (no. of times)

Day 10.54
Day 21.01
Day 31.52
Day 42.53

Globe Textiles Contact Details

Globe Textiles Limited
Plot No. 38 to 41, Ahmedabad Apparel Park, GIDC Khokhra,
Ahmedabad, Gujarat – 380008

Phone: +91 79 2293 1881
Email: [email protected]

Globe Textiles Valuation (latest FY)

Earnings Per Share (EPS): INR3.73

Price/Earnings (P/E) ratio: 13.67

Return on Net Worth (RONW): 13.06%

Net Asset Value (NAV): INR28.55 per share

Registrar of Globe Textiles IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
[email protected]

Globe Textiles IPO Allotment Status

Globe Textiles IPO allotment status is now available on Bigshare Services Private Limited website. Click on this link to get allotment status.


IPO Opening Date: 12 June 2017

IPO Closing Date: 15 June 2017

Listing Date: 23 June 2017

Listing Price on NSE SME: INR50 per share (down 2% from IPO price)

Closing Price on NSE SME: INR51 per share (flat from IPO price)


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