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.
â€¢ Key customer base with reputed international Customers
â€¢ Cost effective production and timely fulfillment of orders
â€¢ Scalable Business Model
Mr. Bhavik Suryakant Parikh and Mr. Bhavin Suryakant Parikh are the Promoters of the Company.
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 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 Subscription Status tells if Globe Textiles IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Globe Textiles IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - Jun 12, 2017 17:00 IST||0||992,000||468,000||1,460,000|
|Day 2 - Jun 13, 2017 17:00 IST||0||1,478,000||1,238,000||2,716,000|
|Day 3 - Jun 14, 2017 17:00 IST||0||1,546,000||2,538,000||4,084,000|
|Day 4 - Jun 15, 2017 17:00 IST||4,000||2,048,000||4,762,000||6,814,000|
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