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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
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.
| 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) |
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 |
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 | Subscription (times) |
|---|
| 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 |
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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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Lead Manager Reports
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.
The Globe Textiles IPO opens on Jun 12, 2017 and closes on Jun 15, 2017.
Globe Textiles IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.
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.
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.
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