Ghushine Fintrrade Ocean BSE SME IPO review (Subscribe)

Review By Dilip Davda on Apr 23, 2016

Ghushine Fintrrade Ocean Ltd (GFOL) is a engaged in trading activities of various textile materials (semi-finished and finished products) in the textile market. The Company is involved in trading of various textile products which are of high quality and also bulk trading. Traded item covers grey fabric, fabric for suiting & shirting, sarees, dress materials, quality fabrics, fabrics for home furnishings etc. etc.

GFOL is also engaged in trading of all kind of fabrics, including cotton, poly cotton, and all kind of synthetic fabrics. Its product range includes both finished and unfinished fabrics, offered in almost all widths ranging from 36" to 120". The company is now actively engaged in supplying fabrics to various corporates in textile sector.

To part finance its working capital needs, the company is coming out with a maiden IPO of 2600000 equity share of Rs. 10 each at par to mobilize Rs. 2.60 crore. Issue opens for subscription on 25.04.16 and will close on 27.04.16. Minimum application is to be made for 10000 shares and in multiples thereon, thereafter. Issue is solely managed by First Overseas Capital Ltd and Purva Sharegistry (I)  Pvt Ltd is the registrar to the issue.  Post allotment shares will be listed on BSE SME. The company has issued all equity at par so far. Its current paid up equity capital of Rs. 2.34 crore will stand enhanced to Rs. 4.94 crore post IPO.

On performance front, it posted turnover of Rs. 0.06 crore and earned net profit of Rs.0.001crore for FY14 and a turnover of Rs. 1.47 crore with a net profit of Rs. 0.001 crore for FY15. For nine months ended 31.12.15 it has earned net profit of Rs. 0.65 crore on a turnover of Rs. 7.16 crore.

However, merchant banker has poor track record for its past mandates.


Conclusion / Investment Strategy

 

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

 

Reviewer recommends Subscribing to the issue.

Review By Dilip Davda on Apr 23, 2016

Review Author

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on information published here. With entry barriers, SEBI wants only well-informed investors to participate in such offers. With crazy listings in the past, SME IPOs drew the attention of investors across the board. However, as SME issues have entry barriers and continued low preference from the broking community, any reader taking decisions based on any information published here does so entirely at own risk. The above information is based on information available as on date coupled with market perceptions. The Author has no plans to invest in this offer.

(SEBI registered Research Analyst-Mumbai).


About Dilip Davda

Dilip Davda

Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.

Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.

Email: dilip_davda@rediffmail.com

Ghushine Fintrrade IPO FAQs

  1. 1. Why Ghushine Fintrrade IPO?

    The initial public offer (IPO) of Ghushine Fintrrade Ocean Ltd offers an early investment opportunity in Ghushine Fintrrade Ocean Ltd. A stock market investor can buy Ghushine Fintrrade IPO shares by applying in IPO before Ghushine Fintrrade Ocean Ltd shares get listed at the stock exchanges. An investor could invest in Ghushine Fintrrade IPO for short term listing gain or a long term.

  2. 2. How is Ghushine Fintrrade IPO?

    Read the Ghushine Fintrrade IPO recommendations by the leading analyst and leading stock brokers.

  3. 3. Ghushine Fintrrade IPO what should investors do?

    Ghushine Fintrrade IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. Read the Ghushine Fintrrade IPO Notes, Analysis and Recommendations by leading stock brokerage firms and experts in the above answer.

  4. 4. Is Ghushine Fintrrade IPO good?

    Our recommendation for Ghushine Fintrrade IPO is to subscribe.

  5. 5. Is Ghushine Fintrrade IPO worth Investing?

    As per the analysis by our lead analyst Mr. Dilip Davda, we suggest you to subscribe to the Ghushine Fintrrade IPO.

  6. 6. When will Ghushine Fintrrade IPO allotment status?

    The Ghushine Fintrrade IPO allotment status will be available on or around [.]. The allotted shares will be credited in demat account by [.]. Visit Ghushine Fintrrade IPO allotment status to check.

  7. 7. When will Ghushine Fintrrade IPO list?

    The Ghushine Fintrrade IPO will list on Thursday, May 5, 2016, at BSE SME.








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