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.

Globe Textiles IPO Details

IPO Opening Date	Jun 12, 2017
IPO Closing Date	Jun 15, 2017
Issue Type	Fixed Price Issue IPO
Face Value	₹10 per equity share
IPO Price	₹51 per equity share
Market Lot	2000 Shares
Min Order Quantity	2000 Shares
Listing At	NSE SME
Issue Size	2,688,000 Eq Shares of ₹10 (aggregating up to ₹13.71 Cr)
Fresh Issue	1,368,000 Eq Shares of ₹10 (aggregating up to ₹6.98 Cr)
Offer for Sale	1,320,000 Eq Shares of ₹10 (aggregating up to ₹6.73 Cr)

Globe Textiles IPO Lot Size

The Globe Textiles IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	2000	₹102,000
Maximum	1	2000	₹102,000

Globe Textiles IPO Subscription Status (Bidding Detail)

The Globe Textiles IPO is subscribed times on Jun 15, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
Total

Globe Textiles IPO Prospectus

› Globe Textiles IPO RHP

Globe Textiles IPO Rating

3.6

Rating:

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Globe Textiles IPO Listing Date

Listing Date	Friday, June 23, 2017
BSE Script Code
NSE Symbol	GLOBE
Listing In
ISIN	INE581X01013
IPO Price	₹51 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

	NSE SME
IPO Price:	₹51.00
Open:	₹50.00
Low:	₹43.70
High:	₹52.00
Last Trade:	₹50.15
Volume:	1,006,000

Globe Textiles IPO Reviews / Ratings

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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
Email: info@globetextiles.net
Website: http://globetextiles.net/

Globe Textiles IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Globe Textiles IPO Lead Manager(s)

Hem Securities Limited

Lead Manager Reports

Globe Textiles IPO FAQs

What is Globe Textiles IPO?

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 equity share. The minimum order quantity is 2000 Shares.

The IPO opens on Jun 12, 2017, and closes on Jun 15, 2017.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
When Globe Textiles IPO will open?

The Globe Textiles IPO opens on Jun 12, 2017 and closes on Jun 15, 2017.
What is the lot size of Globe Textiles IPO?

Globe Textiles IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.
How to apply for Globe Textiles IPO?

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When Globe Textiles IPO allotment?

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.
When is Globe Textiles IPO listing date?

The Globe Textiles IPO listing date is on Friday, June 23, 2017.

Globe Textiles IPO Message Board

Ranked Members

48. Shristi jain |Jul 26, 2017 13:27

What was the opening listing price of this share..

47. Hexadecimal |Jun 28, 2017 20:03

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 |Jun 23, 2017 12:39

Top Contributor (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 |Jun 23, 2017 16:19

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 |Jun 23, 2017 13:51

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 |Jun 23, 2017 14:00

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 |Jun 23, 2017 10:02

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 |Jun 23, 2017 12:28

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 |Jun 23, 2017 12:32

Top Contributor (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 |Jun 23, 2017 10:23

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 |Jun 23, 2017 10:19

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 |Jun 23, 2017 01:53

Stock listing at 48 rs

40. RPji |Jun 22, 2017 18:36

tomorrow listing +8

39. Vasu |Jun 21, 2017 13:35

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

38. STOCKT |Jun 21, 2017 10:41

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 |Jun 21, 2017 01:39

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 |Jun 20, 2017 14:28

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 |Jun 16, 2017 22:07

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

35.1. dark |Jun 20, 2017 14:04

Ye koi juwa nahi he bhai

34. ankitswm |Jun 19, 2017 16:05

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

33. Hexadecimal |Jun 15, 2017 23:02

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 |Jun 18, 2017 12:09

RIGHT SAY HEXA

33.3. Prabhakaran Kuppusamy |Jun 23, 2017 12:35

Top Contributor (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 |Jun 18, 2017 12:09

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

31. Prabhakaran Kuppusamy |Jun 16, 2017 17:44

Top Contributor (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 |Jun 16, 2017 17:42

Top Contributor (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 |Jun 16, 2017 17:42

Top Contributor (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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