₹23.88 Crores | Listing at NSE | Wed, Oct 4, 2023 - Thu, Oct 12, 2023
Globe International Carriers Limited Rights Issue comprises 0.4824 Cr equity shares aggregating to ₹23.88 Cr, offered at an issue price of ₹49.5 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Sep 22, 2023, with the Rights Issue being offered in the entitlement ratio of 6 : 25.
The term of payment is defined as following : Full amount of Rs. 49.50 per Equity Share is payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Oct 4, 2023, and closes on Oct 12, 2023, with renunciation of Rights Entitlements permitted up to Oct 9, 2023.
The deemed date of allotment is Oct 19, 2023, following which the equity shares are expected to be credited to demat accounts on Oct 25, 2023 and listed at the NSE on Oct 27, 2023.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Globe International Carriers Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Sep 22, 2023
Entitlement Ratio
6 : 25
Open Date
Wed, Oct 4, 2023
Close Date
Thu, Oct 12, 2023
Full amount of Rs. 49.50 per Equity Share is payable on application.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 48.13 | 63.56 | 59.84 |
| Revenue | 80.21 | 107.76 | 113.86 |
| Profit After Tax | 0.90 | 1.44 | 1.92 |
| Net Worth | 24.89 | 26.33 | 28.25 |
| Reserves and Surplus | 16.28 | 14.84 | 8.15 |
| Total Borrowing | 17.15 | 18.63 | 17.39 |
Globe International Carriers Limited provides end-to-end Transport and logistics services.
The company offers Transportation of all types of industrial goods, Bulk transportation, Full truckload services from door to door, Logistics services, Supply chain management, Coastal cargo management, Warehousing management, C & F Operations, Surface Transportation, Rail Cargo Movement, International Freight Forwarding, Custom Clearance, Transportation by open or closed body vehicles, Two, three and four wheeler vehicle transportation, Insurance through reputed insurance houses, and Packing of Household & Industrial Goods with Quality Material & Unpacking at destination.
The company has over 100 employees and a PAN India branch network of over 29 branches across all major industrial towns and port cities.
Globe International Carriers' clientele comes from the Metal industry, engineering goods, and other diversified industries as well as in general commodities such as food, cotton textiles, apparel, furniture, appliances, pharmaceutical products, rubber, plastics, metal and metal products, wood, glass, automotive parts and machinery.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is operating in a competitive segment. It posted an average performance for the last two fiscals. The issue appears greedily priced if we compare its price movements. Over 70% holding of promoters is perhaps the only noteworthy point. Well-informed/cash surplus/risk seekers may consider parking funds for the long term. Read detail review...
Globe International Carriers Rights Issue 2023 got oversubscribed by 1.18 times by the end of the bidding period with total bid quantity received by NSE of 56,82,000 shares. Check Day by Day Subscription Details (Live Status)
| Date | NSE Bid Quantity | Subscription Times |
|---|---|---|
Oct 12 2023 17:00:03 | 56,82,000 | 1.18x |
Globe International Carriers Limited
301-306, Prakash Deep Complex,
Near Mayank Trade Centre,
Station Road, Jaipur- 302006
Jaipur, Rajasthan, 302006
The Globe International Carriers Rights Issue 2023 opens on Wed, Oct 4, 2023, and closes on Thu, Oct 12, 2023.
Globe International Carriers Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mon, Oct 9, 2023 |
| Issue Opening Date | Wed, Oct 4, 2023 |
| Issue Closing Date | Thu, Oct 12, 2023 |
| Date of Allotment (on or about) | Thu, Oct 19, 2023 |
| Date of Credit (on or about) | Wed, Oct 25, 2023 |
| Date of Listing (on or about) | Fri, Oct 27, 2023 |
You can apply for Globe International Carriers Rights Issue 2023 in two ways:
Steps to apply for Globe International Carriers Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Globe International Carriers Rights Issue 2023 using Registrar's website (R-WAP)
