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

Jun 12, 2017 - Jun 15, 2017

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

Company Promoters:

Mr. Bhavik Suryakant Parikh and Mr. Bhavin Suryakant Parikh are the Promoters of the Company.

Objects of the Issue:

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.

Issue Detail:

  »»  Issue Open: Jun 12, 2017 - Jun 15, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 2,688,000 Equity Shares of Rs 10 aggregating up to Rs 13.71 Cr
    ›  Fresh Issue of 1,368,000 Equity Shares of Rs 10 aggregating up to Rs 6.98 Cr
    ›  Offer for Sale of 1,320,000 Equity Shares of Rs 10 aggregating up to Rs 6.73 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 51 Per Equity Share
  »»  Market Lot: 2000 Shares
  »»  Minimum Order Quantity: 2000 Shares
  »»  Listing At: NSE SME

Globe Textiles IPO Reviews:

  1. Globe Textiles (India) Limited IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved
Day 1 - Jun 12, 2017 17:00 IST09920004680001460000
Day 2 - Jun 13, 2017 17:00 IST0147800012380002716000
Day 3 - Jun 14, 2017 17:00 IST0154600025380004084000
Day 4 - Jun 15, 2017 17:00 IST4000204800047620006814000

Globe Textiles IPO Prospectus

Globe Textiles IPO Rating

77
3.6
Rating:Rated 3.6 stars

Vote Here ...

Globe Textiles IPO Listing Date

  •   ›  Listing Date: Friday, June 23, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: GLOBE
  •   ›  Listing In:
  •   ›  ISIN: INE581X01013
  •   ›  Issue Price: Rs 51 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Globe Textiles IPO News Alerts

  1. Thursday, June 15, 2017 12:00:00 AM
    Globe Textiles (India) Limited IPO - Close
  2. Monday, June 12, 2017 12:00:00 AM
    Globe Textiles (India) Limited IPO - Open

Company Contact Information

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
Fax: +91-79-26442808
Email: info@globetextiles.net
Website: http://globetextiles.net/

Globe Textiles IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Globe Textiles IPO Lead Manager(s)

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Globe Textiles IPO Review / Comments

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47. Hexadecimal  Jun 28, 2017 7:03:47 PM IST I Like It. | Report Abuse Reply
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
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46. Prabhakaran Kuppusamy  Jun 23, 2017 11:39:56 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ 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).
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46.1. Hexadecimal  Jun 23, 2017 3:19:10 PM IST I Like It. 1 | Report Abuse
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%
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45. STOCKT  Jun 23, 2017 12:51:10 PM IST I Like It. 1 | Report Abuse Reply
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
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45.1. STOCKT  Jun 23, 2017 1:00:13 PM IST I Like It. 1 | Report Abuse
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
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44. Hexadecimal  Jun 15, 2017 10:02:29 PM IST I Like It. 3 | Report Abuse Reply
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.
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44.2. MASTAR  Jun 18, 2017 11:09:51 AM IST I Like It. | Report Abuse
RIGHT SAY HEXA
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44.3. Prabhakaran Kuppusamy  Jun 23, 2017 11:35:37 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ 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.
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43. Hexadecimal  Jun 23, 2017 9:02:40 AM IST I Like It. 2 | Report Abuse Reply
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.
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43.1. STOCKT  Jun 23, 2017 11:28:56 AM IST I Like It. | Report Abuse
flop show. at one point it was available at 44 rs.
no need to apply in bad sme and get ur money stuck.
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43.2. Prabhakaran Kuppusamy  Jun 23, 2017 11:32:10 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ 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.
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42. STOCKT  Jun 23, 2017 9:23:43 AM IST I Like It. 1 | Report Abuse Reply
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
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41. STOCKT  Jun 23, 2017 9:19:27 AM IST I Like It. 1 | Report Abuse Reply
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
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40. STOCKT  Jun 23, 2017 12:53:03 AM IST I Like It. 1 | Report Abuse Reply
Stock listing at 48 rs
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39. RPji  Jun 22, 2017 5:36:18 PM IST I Like It. 7 | Report Abuse Reply
tomorrow listing +8
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38. Vasu  Jun 21, 2017 12:35:59 PM IST I Like It. | Report Abuse Reply
Allotment is out. I have applied for one lot and got 0.
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37. STOCKT  Jun 21, 2017 9:41:53 AM IST I Like It. | Report Abuse Reply
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

avatar
36. STOCKT  Jun 21, 2017 12:39:23 AM IST I Like It. 1 | Report Abuse Reply
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.
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35. thiru kumaran  Jun 20, 2017 1:28:24 PM IST I Like It. 2 | Report Abuse Reply
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..
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34. raju patel  Jun 16, 2017 9:07:05 PM IST I Like It. 1 | Report Abuse Reply
It will open @ -6% discount rate. Who posted GMP rate is fake.
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34.1. dark  Jun 20, 2017 1:04:19 PM IST I Like It. | Report Abuse
Ye koi juwa nahi he bhai
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33. ankitswm  Jun 19, 2017 3:05:20 PM IST I Like It. | Report Abuse Reply
iska allotment kb tk aayega or listing pr kya lg rha h .........
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32. MASTAR  Jun 18, 2017 11:09:17 AM IST I Like It. | Report Abuse Reply
fOR SURE HUGE PREMIUM DEKH LENA....LOOK AT THE BUSINESS AND MARKETING RELATIONS
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31. Prabhakaran Kuppusamy  Jun 16, 2017 4:44:30 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ 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.
avatar
30. Prabhakaran Kuppusamy  Jun 16, 2017 4:42:29 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ 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
avatar
29. Prabhakaran Kuppusamy  Jun 16, 2017 4:42:04 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ 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
avatar
28. Prabhakaran Kuppusamy  Jun 16, 2017 4:41:44 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Key financials (Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Net sales      190.42      182.51      170.78      165.97      115.33
Operating profit      10.28      7.08      7.16      6.41      3.50
Net profit      3.25      1.57      2.44      2.23      1.34
Equity cap pd      8.71      2.90      2.90      2.24      1.88
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