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 Dates||12 - 15 June 2017|
|IPO Price band||INR51 per share|
|Fresh issue||1,368,000 shares (INR6.97 crore)|
|Offer for sale||1,320,000 shares (INR6.73 crore)|
|Total IPO size||2,688,000 shares (INR13.70 crore)|
|Minimum bid (lot size)||2,000 shares|
|Face Value||INR10 per share|
|Listing On||NSE Emerge platform|
Globe Textiles' financial performance (in INR crore)
|Profit after tax||0.96||1.34||2.23||2.44||1.57||3.25|
Subscription (no. of times)
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
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
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)