Ghushine Fintrrade Ocean Ltd IPO (Ghushine Fintrrade IPO) Detail

Apr 25, 2016 - Apr 27, 2016

Incorporated in 1995, Ghushine Fintrrade Ocean Ltd is engaged in trading activities of various textile materials (semi-finished and finished products) in the textile market. Company is mainly engaged in trading of all kind of fabrics, including cotton, poly cotton, and all kind of synthetic fabrics. Their product range includes both finished and unfinished fabrics. They supply fabrics to various corporates in textile sector.

They are engaged in the trading of following products:

1. Fabric for Suiting & Shirtings
2. Sarees
3. Dress Materials
4. Quilting Fabric
5. Fabric for home furnishings such as curtains

Objects of the Issue

The object of the issue are to:

1. Augmenting additional working capital requirements;
2. Meeting Public Issue Expenses.

Ghushine Fintrrade IPO Details

IPO Date Apr 25, 2016 to Apr 27, 2016
Listing Date Thursday, May 5, 2016
Face Value ₹10 per share
Price ₹10 per share
Lot Size 10000 Shares
Issue Size2,600,000 shares of ₹10
(aggregating up to ₹2.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoters of the company are:

1. Mr. Alok B Jain
2. Mrs. Kalpana Jain

Ghushine Fintrrade IPO Lot Size

The Ghushine Fintrrade IPO lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).

Application Lots Shares Amount
Retail (Min) 1 10000 ₹100,000
Retail (Max) 2 20000 ₹200,000

Ghushine Fintrrade IPO Review


As the issue is at par, risk savvy investors may consider investment for long term.


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Ghushine Fintrrade IPO Prospectus

Ghushine Fintrrade IPO Rating

Rating:Rated 3.5 stars
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Ghushine Fintrrade IPO Listing Date

Listing Date Thursday, May 5, 2016
BSE Script Code 539864
NSE Symbol
Listing In M Group of Securities
ISIN INE009U01011
IPO Price ₹10 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Ghushine Fintrrade Ocean Ltd
203, Trividh Chambers,
Rushabh Petrol Pump Lane,
Ring Road, Surat - 395002
Phone: +91 261 2332122

Ghushine Fintrrade IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761

Ghushine Fintrrade IPO Review

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Ghushine Fintrrade IPO FAQs

Ghushine Fintrrade IPO is a SME IPO of 2,600,000 equity shares of the face value of ₹10 aggregating up to ₹2.60 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.

The IPO opens on Apr 25, 2016, and closes on Apr 27, 2016.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Ghushine Fintrrade IPO opens on Apr 25, 2016 and closes on Apr 27, 2016.

Ghushine Fintrrade IPO lot size is 10000 Shares and the minimum order quantity is .

You can apply in Ghushine Fintrrade 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Ghushine Fintrrade IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ghushine Fintrrade IPO allotment status.

The Ghushine Fintrrade IPO listing date is on Thursday, May 5, 2016.
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Ghushine Fintrrade IPO Message Board

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16. rtvvtr |   Link |May 5, 2016 12:26:09 PM
gud analysis SNBC
15. SNBC |   Link |May 5, 2016 12:03:23 PM
check the analysis posted by me .
i was the first to raise question in my post-1
ghusine me ghus mat jaana
ghusine hits lower circuit.
one shld atleast wait for march 2016 qrtr results to enter company.
were the volumes real for march to sept qrtr 2015???
and nayways always take due caution with companys in trading activities
14. C.A. shripal |   Link |May 5, 2016 12:52:09 AM
Ghushine will list tomorrow at 12 rs buyer cercuit
13. jainakash |   Link |May 4, 2016 10:42:55 PM
Hi guys just a got a message of amount dediction from obc bank for thyrocare..does this mean i got allotment as it deducted now or it is normal :)
13.1. jkmittal |   Link |May 4, 2016 11:15:28 PM
U got allotment
12. jkmittal |   Link |May 3, 2016 6:26:35 PM
Asba amount deducted.
11. C.A. shripal |   Link |Apr 28, 2016 1:22:56 AM
Friend gushing subscribed 3 times Grey market player asking for1.5 premium....will be open with buyer @12 rs...may be another sysco and nintec
10. atul |   Link |Apr 27, 2016 9:23:59 PM
Top Contributor Top Contributor (200+ Posts)
Septa ji ccd has moved up 15% today any specific reason you find
Pl share?
10.1. Septa |   Link |Apr 27, 2016 9:32:06 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
not sure it sudden started picking up at 2 pm may be some good news.... also deliverable volume was also high....
10.2. Khemka |   Link |Apr 28, 2016 10:09:44 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Tata coffee news
9. atul |   Link |Apr 27, 2016 9:23:52 PM
Top Contributor Top Contributor (200+ Posts)
Septa ji ccd has moved up 15% today any specific reason you find
Pl share?
8. Haar Jeet |   Link |Apr 27, 2016 7:21:26 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Jodi @ 2500
Else 1200 each
7. jkmittal |   Link |Apr 27, 2016 6:01:48 PM
Subscribed 3 times approximately
6. Surendra |   Link |Apr 25, 2016 5:17:56 PM
Guys i want to open two new trading accounts on the name of my wife and mom. Could anyone suggest the best broker where I can also sell my application in grey market if i want.
6.1. SNBC |   Link |Apr 26, 2016 10:14:32 PM
U can open account at my end and trade in sme ipois
I am a sub-broker
And u can contact me on
I will also help u to open seperate bank accounts for applying sme ipos via online portal from banks directly.

Grey market rates and give &take should be handled by you individually.
Bcoz we advised clients to subscribe only when there is value.
And when there is value price doesnt need invitation
5. atul |   Link |Apr 24, 2016 11:19:03 PM
Top Contributor Top Contributor (200+ Posts)
Jonam ji
Your comments r invited. Pl share
5.1. jonam |   Link |Apr 25, 2016 9:18:18 AM
Don''t be so formal. Just Jonam is good.
As to this issue I would not touch it as there are no fundamentals supporting it as to warrant an investment either for short term or long.
4. sureshkvl |   Link |Apr 24, 2016 9:04:03 AM
How to apply the SME IPO & Trade it after allocated. I have Sharekhan & Motilal account. Looks like both doesnt support SME.
Experts please suggest.
4.1. Manipo |   Link |Apr 24, 2016 12:21:28 PM
Top Contributor Top Contributor (200+ Posts)
Check my reply at /ipo/ipo_feedback.asp?a=540&p=2

If you still need more details ping me on manipoindia AT gmail dot com
3. IPOANALYSIS |   Link |Apr 23, 2016 6:18:46 PM
Guys remember trading company should never be invested. They are not even manufacturers.
2. sureshkvl |   Link |Apr 22, 2016 2:01:27 PM
RHP Claims that , they shifted the business from "Investment Trading" to Textile trading business . If they disclose October-March2016 results, that will show the real picture
1. SNBC |   Link |Apr 22, 2016 1:03:59 AM
in 2014 sales 35000 rs
upt 31/3/2015 sales 6.26 lakh rs
and in 6mth sales upto 30/9/2015 equals to 7.42 cr rs.
doesnt it look suspicious.
are the sales real??
looks books are cooked
eps jumps from 0.06 to 2.79
means tock coming at pe of 3.5
i dont trust them from balancesheet.
within 6 mth so much multifold improvement.
ghus mat jaana ghushine me (;-
1.1. Septa |   Link |Apr 22, 2016 10:07:51 AM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)