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Incorporated in 1995, Globe Textiles (India) Limited manufactures garments, cotton printed fabrics, home textiles, and fancy fabrics. The company has six manufacturing units, two located in Khokhra, Ahmedabad and four in Piplej-Pirana Road, Piplej, Ahmedabad.
The company has a production capacity spread across 350,000 square feet, housing several divisions. It collectively manufactures 2 million bed sets, 36 million meters of fabric, and 2.5 million bottoms per year. The company employs over 1200 workers and has a team of more than 100 staff members onboard.
The company serves both domestic and international markets.
The product portfolio consists of
The company trades yarns, denim and non-denim fabrics, shirting fabrics and jeans. It also offers job work to clients.
| Issue Open | March 6, 2024 - March 20, 2024 |
| Security Name | Globe Textiles (india) Limited |
| Issue Size (Shares) | 151,141,500 |
| Issue Size (Amount) | ₹49.00 Crores |
| Issue Price | ₹3 per share |
| Face Value | ₹2 per share |
| Listing At | NSE |
| Terms of Payment | Rs. 3/- per Rights Equity Share (including a share premium of Rs. 1 per Rights Equity Share) shall be payable on application. |
| Entitlement | 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | February 22, 2024 |
| Record Date | February 23, 2024 |
| Credit of Rights Entitlements | February 28, 2024 |
| Bid/Offer Opens On | March 6, 2024 |
| Renunciation of Rights Entitlements | March 12, 2024 |
| Bid/Offer Closes On | March 20, 2024 |
| Deemed Date of Allotment | March 19, 2024 |
| Credit Date | March 26, 2024 |
| Listing Date | March 29, 2024 |
Globe Textiles (india) Limited's revenue increased by 4.22% and profit after tax (PAT) dropped by -12.27% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 239.16 | 258.77 |
| Revenue | 401.83 | 385.56 |
| Profit After Tax | 4.51 | 5.14 |
| Amount in ₹ Crore | ||
The company proposes deploying the Net Proceeds towards the Objects in accordance with the estimated schedule of implementation and deployment of funds outlined in the table below:
Globe Textiles Rights Issue 2024 got subscribed by 0.68 times by the end of the bidding period with total bid quantity received by NSE of 103,102,793 shares.
9 4.0 Rating:  Vote Here ... |
Globe Textiles (india) Limited
Plot No. 38 to 41
Ahmedabad Apparel Park, GIDC Khokhra
Ahmedabad-380 008
Phone: +91-079 - 2293 1881
Email: cs@globetextiles.net
Website: https://globetextiles.net/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
The Globe Textiles Rights Issue 2024 opens on March 6, 2024, and closes on March 20, 2024.
Globe Textiles Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | February 28, 2024 |
| Last Date for renunciation of Rights Entitlements | March 12, 2024 |
| Issue Opening Date | March 6, 2024 |
| Issue Closing Date | March 20, 2024 |
| Date of Allotment (on or about) | March 19, 2024 |
| Date of Credit (on or about) | March 26, 2024 |
| Date of Listing (on or about) | March 29, 2024 |
Globe Textiles Rights Issue 2024 price is set at ₹3 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (February 23, 2024).
The record date for the Globe Textiles Rights Issue 2024 is February 23, 2024.
The issue size of Globe Textiles Rights Issue 2024 is of 151,141,500 equity shares at ₹3 per share aggregating upto ₹49.00 Crores.
The Letter of Offer for Globe Textiles Rights Issue 2024 can be download here.
You can apply for Globe Textiles Rights Issue 2024 in two ways:
Steps to apply for Globe Textiles Rights Issue 2024 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Globe Textiles Rights Issue 2024 using Registrar's website (R-WAP)
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| Link|March 13, 2024 12:00:37 PMReply
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