Goblin India Limited IPO (Goblin IPO) Detail

Sep 30, 2019 - Oct 4, 2019

Incorporated in 1989, Ahmedabad based Goblin India Ltd is engaged in the business of designing, marketing and sale of business, travel & casual luggage and travel accessories. The company is also involved in other distribution and trading business of batteries & torches, household items, office electronics, and other commodities to the corporate.

Goblin brand is known for travelling gears and corporate gifting. It sells the products through different channels such as wholesale, retail, e-commerce, and corporate gifting. In India, it has 129 direct dealers, 4 distributors and 245 dealers. Goblin also has a subsidiary in France with 250+ dealers. The company has two retail outlets in Ahmedabad and one store in Paris. Goblin also sells the products through Amazon, Flipkart and other e-commerce platforms.

The companies such as Cipla Limited, Torrent Pharmaceuticals, Corona Remedies, Intas Pharmaceuticals, Sun Pharmaceuticals, Micro Labs Limited, Indian Institute of Management (Ahmedabad) and Nirma Limited are the clients of Goblin for corporate gifting. Goblin depends on third-party companies which are located in India and China for the product manufacturing.

Competitive Strengths

1. Cordial Corporate relationship
2. Sales in domestic and overseas markets
3. Multi-tiered distribution network
4. Superior levels of design
5. Diversified Licensed Products Profile

Company Promoters:

Mr. Manojkumar Choukhany and Mrs. Sonam Choukhany are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	3,680.24	3,328.30	2,283.23
Total Revenue	6,848.65	6,093.69	5,243.98
Profit After Tax	344.92	309.37	63.32

Objects of the Issue:

The company proposes to utilise the Net Proceeds from the Issue ("Net Proceeds") towards the following objects:

1. To set up a plant to manufacture/assemble Acrylonitrile Butadiene Styrene (ABS) Luggage bags at Ahmedabad, Gujarat;
2. Funding the working capital requirement of the Company; and
3. General corporate purposes

Goblin IPO Details

IPO Opening Date	Sep 30, 2019
IPO Closing Date	Oct 4, 2019
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹51 to ₹52 per equity share
Market Lot	2000 Shares
Min Order Quantity	2000 Shares
Listing At	BSE SME
Issue Size	2,924,000 Eq Shares of ₹10 (aggregating up to ₹15.20 Cr)

Goblin IPO Tentative Timetable

The Goblin IPO open date is Sep 30, 2019, and the close date is Oct 4, 2019. The issue may list on Oct 15, 2019.

IPO Open Date	Sep 30, 2019
IPO Close Date	Oct 4, 2019
Basis of Allotment Date	Oct 10, 2019
Initiation of Refunds	Oct 14, 2019
Credit of Shares to Demat Account	Oct 14, 2019
IPO Listing Date	Oct 15, 2019

Goblin IPO Lot Size

The Goblin IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹104,000).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	2000	₹104,000
Maximum	1	2000	₹104,000

Goblin IPO Promoter Holding

Pre Issue Share Holding	73.38%
Post Issue Share Holding	52.83%

Goblin IPO Subscription Status (Bidding Detail)

The Goblin IPO is subscribed 1.37x times on Oct 4, 2019 18:49. The public issue subscribed 0.87x in the retail category, in the QIB category, and 1.87x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	1.87x
RII	0.87x
Total	1.37x

Goblin IPO Prospectus

› Goblin IPO DRHP
› Goblin IPO RHP

Goblin IPO Rating

3.0

Rating:

Vote Here ...

Goblin IPO Listing Date

Listing Date	Tuesday, October 15, 2019
BSE Script Code	542850
NSE Symbol
Listing In	MT
ISIN	INE492Z01018
IPO Price	₹52 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE SME
₹52.00
₹55.00
₹54.10
₹57.70
₹56.60
1,138,000

Goblin IPO Reviews / Ratings

Dilip Davda - Subscribe for Long Term

Company Contact Information

Goblin India Limited
Camex House, 1st Floor,
Commerce Road, Navrangpura,
Ahmedabad-380009, India

Phone: +91 79 26465080
Email: cs@goblinindia.com
Website: http://www.goblinindia.com/

Goblin 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

Goblin IPO Lead Manager(s)

Fast Track Finsec Pvt Ltd

Lead Manager Reports

Goblin IPO FAQs

What is Goblin IPO?

Goblin IPO is a SME IPO of 2,924,000 equity shares of the face value of ₹10 aggregating up to ₹15.20 Crores. The issue is priced at ₹51 to ₹52 per equity share. The minimum order quantity is 2000 Shares.

The IPO opens on Sep 30, 2019, and closes on Oct 4, 2019.

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

The Goblin IPO opens on Sep 30, 2019 and closes on Oct 4, 2019.
What is the lot size of Goblin IPO?

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

You can apply in Goblin 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 Goblin IPO allotment?

The finalization of Basis of Allotment for Goblin IPO will be done on Oct 10, 2019, and the allotted shares will be credited to your demat account by Oct 14, 2019. Check the Goblin IPO allotment status.
When is Goblin IPO listing date?

The Goblin IPO listing date is on Tuesday, October 15, 2019.

Goblin IPO Message Board

Ranked Members

27. RAJAKUMAR |Nov 8, 2019 10:15

IPO Guru (1400+ Posts, 1000+ Likes)

Dear Small
Fundamentally strong. It is not enough for listing gain. Operators must have interest in it (like Goblin)

27.1. RAJAKUMAR |Nov 8, 2019 10:48

IPO Guru (1400+ Posts, 1000+ Likes)

It is Bonlon

27.2. Small Investor |Nov 12, 2019 14:18

IPO Guru (1400+ Posts, 700+ Likes)

Yes Rajakumar
Bolon may be give good Listing Gain Where issue price is 28 against Avg.cost of Shares by Promoters 23+
Jain Family ( B.C.Power Control ltd already Listed On Main Board )

26. Baskaran |Nov 8, 2019 11:12

we must apply

25. RAJAKUMAR |Nov 8, 2019 10:35

IPO Guru (1400+ Posts, 1000+ Likes)

Dear Small
Mangalam Global Enterprise
Issue price 51
issue size 21 Cr.
LM Pantamoth
Issue bonus shares 93 lakh shares on Sep 19 in the ratio 4:1
Eps as on Mar 19 is 2.31 and June 30 2019 is 0.88(after that it issue bonus shares four shares for every one share held) So Eps will reduce substantially in March 2020.
PE Ratio as on 2019 March is 22 but 2020 it may increase four times higher than 2019 because it issued bonus shares 4:1 on Sep 2019.
Total shareholder fund is 37 Cr but Long term Debt is 21 Cr and Short term Debt is 52 Cr.
So debt is more than two times of asset.
As per fundamental it is clear avoid. But LM is Pantamoth. Lets decide at the time of issue opens

24. RAJAKUMAR |Nov 8, 2019 10:13

IPO Guru (1400+ Posts, 1000+ Likes)

Long term debt is 3.11 Cr.
Short term debt NIL
Debt/Equity ratio is 0.06
It is very good

23. RAJAKUMAR |Nov 8, 2019 10:10

IPO Guru (1400+ Posts, 1000+ Likes)

Dear Small
Bonlon Industries
Issue of 3756000 shares at 28 per share
Eps Mar 19 is 3.79 (DRHP YEAR WRONGLY MENTIONED)
PE 7.39
RONW 5.84%
NAV 46 against issue price of 28
Company allotted 27 lakh shares at 40.94 on Aug 2018 and 34 lakh shares at 42.94 on 25th Aug 2018 again on the same day allotted 12 lakh shares at 42.49
LM Sarthi Capital

22. Priyanka Meghwal |Nov 2, 2019 03:09

This merchant banker is fantastic. Stock near to double in just 15 days. Great show.

22.1. Small Investor |Nov 5, 2019 17:22

IPO Guru (1400+ Posts, 700+ Likes)

Dear Priyanka Good Return given by this Counter to Investors
Now Next Counter is Bonlon Ind and APL,Where Bonlon is better

21. RAJAKUMAR |Oct 18, 2019 14:14

IPO Guru (1400+ Posts, 1000+ Likes)

Dear Small
Already told you all below mentioned shares coming ipo. If you buys one share in all your family account you are entitled to apply shareholder quota.
1.HDFC BANK (HDB FINANCE)After deepavaii they going to file DRHP
2.UJJIVAN FINANCE (Ujjivan SmallFinance Bank already filled DRHP. In DRHP THEY STATED THAT RS.120Cr reserved for Ujjivan shareholder)
3.SBI (SBI CARD ipo they appoints LM for card ipo. They also give pref. quota for sbi shareholder
4.EQUITAS HOLDING (Equitas small bank appoints LM 1000Cr ipo.. They will give pref. quota for equitas holding shareholder.

Load more comments (3 replies)

21.4. Small Investor |Oct 23, 2019 14:30

IPO Guru (1400+ Posts, 700+ Likes)

Dear Raja Suich Induestries at that time a price of 15+ where avg cost of promotors is almost near this price
i thinking about this stock now

21.5. Athar |Oct 30, 2019 22:19

Mr Raj Kumar is it correct to buy Eqiutas Holdings now to avail share holders quota when ipo comes

20. RAJAKUMAR |Oct 17, 2019 01:47

IPO Guru (1400+ Posts, 1000+ Likes)

Dear Small
Did you bought
1.HDFC BANK
2.UJJIVAN
3.SBI
4.EQUITAS
The above mentioned share you must buy one share in all your family account, immediately. These shares will reward you handsomely before March

Load more comments (2 replies)

20.3. RAJAKUMAR |Oct 18, 2019 14:16

IPO Guru (1400+ Posts, 1000+ Likes)

Dear Athar
Ujjivan Finance trading 309 buy one share in your account

20.4. Athar |Oct 18, 2019 16:36

Thanks Mr Raj Kumar

19. RAJAKUMAR |Oct 17, 2019 00:56

IPO Guru (1400+ Posts, 1000+ Likes)

Dear Small
Rainbow Corp who
is LM

19.1. Small Investor |Oct 17, 2019 17:03

IPO Guru (1400+ Posts, 700+ Likes)

CORPORATE CAPITAL VENTURES PRIVATE LIMITED

18. Small Investor |Oct 16, 2019 18:10

IPO Guru (1400+ Posts, 700+ Likes)

Dear Raja & aniketiaf
Next bse sme ipo is
Rainbow crop and Anuroop Packaging
Where Rainbow is looks very good ,Avg cost of Promoters shares is almost rs 20 and only 3cr debt price band is 38
issue size 353 lk
Company issue 560000 shares to promoters @ 40.44 on sep 2019
looks very good Ipo,must Apply
pending for Recommendation from experts side
@ Raja,Anikelf,medge and others

18.1. RAJAKUMAR |Oct 17, 2019 00:54

IPO Guru (1400+ Posts, 1000+ Likes)

Dear Small
In Sebi site there is no DRHP .Lets wait and see the price and how the subscription
takes place.

17. Aniketiaf |Oct 16, 2019 15:40

IPO Guru (1300+ Posts, 8100+ Likes)

Sold only allotted lot @ 57.35

16. RAJAKUMAR |Oct 16, 2019 00:37

IPO Guru (1400+ Posts, 1000+ Likes)

Dear Small
Applied one lot and sold at 56

15. Small Investor |Oct 9, 2019 13:46

IPO Guru (1400+ Posts, 700+ Likes)

Dear Admin
Why Are you dos't upload basis of allotment of all listing ipo in short time ?
or remove basis of Ipo Allotment Page

Load more comments (1 replies)

15.2. Small Investor |Oct 9, 2019 14:30

IPO Guru (1400+ Posts, 700+ Likes)

Dear Admin Can you Mail to Directly registrar against this Matter ?
Sir BOA k bina hm sahi tarike se NII investors ki Applied Applications nhi dekh pate h

15.3. Athar |Oct 9, 2019 14:41

Dear Admin please provide BoA whenever available. Even if it is late no problem. Please post Boa. Thanks a lot to Admin

14. Small Investor |Oct 4, 2019 12:44

IPO Guru (1400+ Posts, 700+ Likes)

Applied 1 lot of Goblin India today and spiked to
Gensol,sona hi rona,

Load more comments (2 replies)

14.3. Small Investor |Oct 15, 2019 11:15

IPO Guru (1400+ Posts, 700+ Likes)

sold @ 56.50 i think good listing
Gensol will hit Uper Circuit as a soon

14.4. Small Investor |Nov 6, 2019 13:03

IPO Guru (1400+ Posts, 700+ Likes)

Dear Splendid
see now Goblin and Gensol
Goblin is a rock and next target will near 100+

13. Ravikant |Sep 30, 2019 16:03

This message has been removed by a moderator.

Load more comments (1 replies)

13.2. Small Investor |Oct 1, 2019 11:58

IPO Guru (1400+ Posts, 700+ Likes)

Dear Priyanka Madam ,
IRCTC is a brand name,Your Kranti is now near 30-32 ( expiated price by you is near 45-50 )
i think all sme ipo depend on Promoters ,LM and Operators where is fundamentals are not impotent looks
Anand Rayns high 51
Erum high 55+
Parshawa Ent 68+
And Jinaam dress,SUICH,Artaze mindpool and others are very low of issue price

13.3. deepcdsl |Oct 1, 2019 22:40

Top Contributor (400+ Posts, 300+ Likes)

This PM madam looks LM person...
Ye kranti ke time bhi bahot pramote kar Rahi thi...
We should ignore her advice...

12. Small Investor |Oct 1, 2019 13:51

IPO Guru (1400+ Posts, 700+ Likes)

Dear Admin
This message has been removed by a moderator of Ravinkant ji what is the mean

11. SME BADSHAH |Oct 1, 2019 11:44

Please check Priyanka Madam post in all the issue brought by L.M i.e Kranti & Citypulse in the chittorgarh site you will get the answer.Why she always praises for the issues brought by this L.M . she only can answer?See what was the issue size & what price it got listed & afterwards what is the price. IRCTC is the best issue what Ravikant Sir have mentioned. If this issue is such a good why premium market ? Why so much of Advertisement & Marketing?Kranti issue size was Rs.8.58 Crore & City Pulse App Rs. 3.98 Crores. Goblin is Rs.15.20 Crores. Take your own decision properly.

10. MR. KUMAR |Sep 30, 2019 15:36

Shikari ne daana daal Diya.

9. Multibagger Finders |Sep 29, 2019 02:13

Subject to 6000 & kostak 1800

8. Valueinvestinggrowth |Sep 27, 2019 03:13

Promoter is MANOJ chowkhany whose daughter has been married to family of Kataria motors which is a big brand in Ahmedbad . Very reputed family. Will apply on the same.

8.1. Small Investor |Sep 28, 2019 15:05

IPO Guru (1400+ Posts, 700+ Likes)

to phir sadi m bhi bula lete phle hi

8.2. Valueinvestinggrowth |Sep 28, 2019 23:05

IF you look at other ipo at least City pulse has not crashed like Suich industry. Atleast city pulse ne itne kharab market me kisi ka suich nahi bandh kiya. City pulse ne kama ke nahi diya toh kisi ko nuksan bhi nai diya & city pulse hundred percent chalega

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