Globe Textiles (India) Limited IPO (Globe Textiles IPO) Detail

June 12, 2017 - June 15, 2017

Globe Textiles IPO is a fixed price issue of Rs 13.71 crores. The issue is a combination of fresh issue of 13.68 lakh shares aggregating to Rs 6.98 crores and offer for sale of 13.2 lakh shares aggregating to Rs 6.73 crores.

Globe Textiles IPO bidding started from June 12, 2017 and ended on June 15, 2017. The shares got listed on NSE SME on June 23, 2017.

Globe Textiles IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.

Hem Securities Limited is the book running lead manager of the Globe Textiles IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Globe Textiles IPO RHP for detailed information.

Globe Textiles IPO Details

IPO Date	June 12, 2017 to June 15, 2017
Listing Date	June 23, 2017
Face Value	₹10 per share
Price	₹51 per share
Lot Size	2000 Shares
Total Issue Size	2,688,000 shares (aggregating up to ₹13.71 Cr)
Fresh Issue	1,368,000 shares (aggregating up to ₹6.98 Cr)
Offer for Sale	1,320,000 shares of ₹10 (aggregating up to ₹6.73 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME

Globe Textiles IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹102,000
Retail (Max)	1	2000	₹102,000
Lot Size Calculator

About Globe Textiles (India) Limited

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

Objects of the Issue (Globe Textiles IPO Objectives)

The Issue includes a fresh Issue and an Offer for Sale.

The Offer for Sale
Company will not receive any proceeds from the Offer for Sale.

The Fresh Issue
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses.

Globe Textiles IPO Review (Apply)

[Dilip Davda] Investment may be considered for medium to long term. Read detail review...

Globe Textiles IPO Subscription Status (Bidding Detail)

The Globe Textiles IPO is subscribed times on June 15, 2017 5:00:00 PM. 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)

Globe Textiles IPO Prospectus

› Globe Textiles IPO RHP

Globe Textiles IPO Rating

3.6

Rating:

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Globe Textiles IPO Listing Details

Listing Date	June 23, 2017
BSE Script Code
NSE Symbol	GLOBE
ISIN	INE581X01013
Final Issue Price	₹51 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade

NSE SME
₹51.00
₹50.00
₹43.70
₹52.00
₹50.15

Check IPO Performance…

Globe Textiles (India) Limited Contact Details

Globe Textiles (India) Limited
Plot No. 38 to 41, Ahmedabad Apparel Park,
GIDC Khokhra,
Ahmedabad 380008, Gujarat
Phone: +91-79-2293 1881/82/83/84
Email: info@globetextiles.net
Website: http://globetextiles.net/

Globe Textiles IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Globe Textiles IPO - Buy or Not

Globe Textiles IPO Recommendation Summary

Review By	Subscribe	Neutral	Avoid
Brokers	1	0	0
Members	0	0	0

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Globe Textiles IPO Lead Manager(s)

Hem Securities Limited (Past IPO Performance)

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Globe Textiles IPO FAQs

Globe Textiles IPO is a SME IPO of 2,688,000 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 Shares.

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.

The Globe Textiles IPO opens on June 12, 2017 and closes on June 15, 2017.

Globe Textiles IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.

You can apply in Globe Textiles IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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 June 23, 2017.

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Globe Textiles IPO Message Board

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67 Comments

Stock Discussion

48. Shristi jain | Link | Bookmark |July 26, 2017 12:27:42 PM

What was the opening listing price of this share..

47. Hexadecimal | Link | Bookmark |June 28, 2017 7:03:47 PM

Today''s closing for Globe at 52 keeping in View the market scenario cannot be termed as bad. For my previous posts search google by putting hexadecimal:www.chittorgarh

46. Prabhakaran Kuppusamy | Link | Bookmark |June 23, 2017 11:39:56 AM (400+ Posts, 300+ Likes)

MASTAR and Hexadecimal seems to be insiders of Globe.
They haven''t posted any messages in any threads other than Globe.
So, dont fall for these blunt talks.
Globe is a SELL at any point of time (huge cash is taken back from the company every year; look at cash flow analysis).

46.1. Hexadecimal | Link | Bookmark |June 23, 2017 3:19:10 PM

I m neither insider nor new. You may search my posts on various other SME pages. Right now I m not remembering many names but you can find my post on Steel City Securities.
If you want to play more safe do not apply any SME issues having more than PE multiple of 10, issue price is more than book value and RONW is less than 15%

45. ~~STOCKT~~ | Link | Bookmark |June 23, 2017 12:51:10 PM

all the open issues and new ones coming are not good . dont apply in any of them .
nse emerge is now nowhere when comes to bse sme performance,

companies those who are coming to list in nse should not be applied

45.1. ~~STOCKT~~ | Link | Bookmark |June 23, 2017 1:00:13 PM

only 4 stocks are in green vs 21 stocks in red in nse emerge,
i think nse emerge should now get all listing be done in bse platform only.
shame on nse emerge

44. Hexadecimal | Link | Bookmark |June 23, 2017 9:02:40 AM

The issue is at PE multiple of 15 against its peers trading at on average PE multiple of 20+. Hence do not worry about listing gain or loss, if u r a medium to long term investor. The stock will start performing better when it changes from weak hands to strong hands. As we all know market price is slave to the earning, the share price will increase in future based on its earning. Many times, to manipulate subscription and listing price, merchant bankers and companies themselves activate grey market by greasing operators based at Ahemdabad, Rajkot, Jaipur, Kolkata. So if a scrip having premium in grey market does not become good stock automatically. In many previous issues, we have seen that despite handsome grey market premium, it did not done well, neither short term nor long term because of fundamentals. Hence do ur own analysis before investing be it primary market or secondary market. Have a great day.

44.1. ~~STOCKT~~ | Link | Bookmark |June 23, 2017 11:28:56 AM

flop show. at one point it was available at 44 rs.
no need to apply in bad sme and get ur money stuck.

44.2. Prabhakaran Kuppusamy | Link | Bookmark |June 23, 2017 11:32:10 AM (400+ Posts, 300+ Likes)

I think LaxmiCot is trading below PE of 8.
Why should someone buy Globe trading at PE of 15?
Laxmi seems to be a better candidate in this industry.

43. ~~STOCKT~~ | Link | Bookmark |June 23, 2017 9:23:43 AM

Huge sellers. This stock can hit lower circuit next week. No growth prospects.sell and save your capital as this is not even worth 10 rs stock

42. ~~STOCKT~~ | Link | Bookmark |June 23, 2017 9:19:27 AM

As correctly predicted this stock will be dampener and will destroy wealth. Won''t be surprised if it goes to 10 rs in 1 year. Sell it else u won''t get any chance later

41. ~~STOCKT~~ | Link | Bookmark |June 23, 2017 12:53:03 AM

Stock listing at 48 rs

40. RPji | Link | Bookmark |June 22, 2017 5:36:18 PM

tomorrow listing +8

39. Vasu | Link | Bookmark |June 21, 2017 12:35:59 PM

Allotment is out. I have applied for one lot and got 0.

38. ~~STOCKT~~ | Link | Bookmark |June 21, 2017 9:41:53 AM

AVOID NSE EMERGE ANY NEW IPO. ALL OF THEM DOING PATHETIC.
BSE SME IS BETTER AND GIVE GOOD RETURNS BOTH IN SHORT AND LONG TERM

37. ~~STOCKT~~ | Link | Bookmark |June 21, 2017 12:39:23 AM

STOCK TO LIST AT 48 RS.
SHOULD DRAG DOWN BELOW 30 RS AFTER FEW DAYS. EXIST AND SAVE FROM THIS TEXTILE STOCK WHICH ARE NOT PERFORMING WELL.
EVEN FAIRLY PRICED LAXMI COTSPIN IS DOWN. IMAGINE THE KIND OF HAMMERING THIS STOCK WILL GET.

36. thiru kumaran | Link | Bookmark |June 20, 2017 1:28:24 PM

Raju bhai nobody can predict about the market. It can list even UC... nobody knows and
judge about listing. It is a very good company and have more orders for export. lets wait and see..

35. raju patel | Link | Bookmark |June 16, 2017 9:07:05 PM

It will open @ -6% discount rate. Who posted GMP rate is fake.

35.1. dark | Link | Bookmark |June 20, 2017 1:04:19 PM

Ye koi juwa nahi he bhai

34. ankitswm | Link | Bookmark |June 19, 2017 3:05:20 PM

iska allotment kb tk aayega or listing pr kya lg rha h .........

33. Hexadecimal | Link | Bookmark |June 15, 2017 10:02:29 PM

Inventory and debtors (receivables) both are at reasonable level and better than industry norms. Those who are having medium term view say 3 to 6 months have not to worry at all. Those who market well could sell even pricier issue than Globe with multiple times subscription. The company is not comparable with Jalan or Laxmi Cotsyn. It is better on various metrics.

Load more comments (1 replies)

33.2. MASTAR | Link | Bookmark |June 18, 2017 11:09:51 AM

RIGHT SAY HEXA

33.3. Prabhakaran Kuppusamy | Link | Bookmark |June 23, 2017 11:35:37 AM (400+ Posts, 300+ Likes)

Hi Hexa,
How could you say that Globe is better than Laxmi?
I have put all the numbers in my analysis.
Globe cannot even has a single positive point (when compared with Laxmi).
If you have any numbers/justification, please provide here.

32. MASTAR | Link | Bookmark |June 18, 2017 11:09:17 AM

fOR SURE HUGE PREMIUM DEKH LENA....LOOK AT THE BUSINESS AND MARKETING RELATIONS

31. Prabhakaran Kuppusamy | Link | Bookmark |June 16, 2017 4:44:30 PM (400+ Posts, 300+ Likes)

Sorry for very delayed analysis.
Anyways, its a clear AVOID - justified by the cash-flow analysis.
I don''t think that this company has any future - so look to exit on listing.

30. Prabhakaran Kuppusamy | Link | Bookmark |June 16, 2017 4:42:29 PM (400+ Posts, 300+ Likes)

Key operating ratios
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
EPS(Rs)      3.73      5.42      8.41      9.99      7.17
Book value(Rs)      28.55      74.47      69.05      60.82      49.06
CEPS(Rs)      4.66      6.86      8.79      10.22      7.29
NPM(%)      1.71      0.86      1.43      1.34      1.16
OPM(%)      5.40      3.88      4.19      3.86      3.03
ROCE(%)      13.50      11.86      14.46      17.40      16.94
ROE(%)      13.99      7.54      14.51      19.56      18.10
Debt/equity      2.01      1.69      1.90      2.19      1.76
Interest cover      2.06      1.53      1.95      2.26      3.10

29. Prabhakaran Kuppusamy | Link | Bookmark |June 16, 2017 4:42:04 PM (400+ Posts, 300+ Likes)

Cash flow analysis (Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
NOPAT      6.31      4.53      5.02      3.99      1.98
Operating cash flow      -3.05      -7.22      9.10      -7.90      -7.23
Free cash flow      5.16      -6.37      15.68      -0.59      -6.98

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