₹45.04 Crores | Listing at NSE | Fri, Jan 24, 2025 - Thu, Feb 6, 2025
Globe Textiles (india) Limited Rights Issue comprises 15.01 Cr equity shares aggregating to ₹45.04 Cr, offered at an issue price of ₹3 per share with a face value of ₹2 per share.
The record date for determining eligible shareholder is Jan 17, 2025, with the Rights Issue being offered in the entitlement ratio of 1 : 2.
The term of payment is defined as following : Total amount of Rs.3 per Equity Share is payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 12, 2025.
The Rights Issue opens on Jan 24, 2025, and closes on Feb 6, 2025, with renunciation of Rights Entitlements permitted up to Jan 31, 2025.
The deemed date of allotment is Feb 12, 2025, following which the equity shares are expected to be credited to demat accounts on Feb 14, 2025 and listed at the NSE on Feb 17, 2025.
Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Globe Textiles (india) Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Jan 17, 2025
Entitlement Ratio
1 : 2
Open Date
Fri, Jan 24, 2025
Close Date
Thu, Feb 6, 2025
Total amount of Rs.3 per Equity Share is payable on Application.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 247.25 | 239.16 |
| Revenue | 431 | 401.83 |
| Profit After Tax | 5.75 | 4.51 |
| Amount in ₹ Crore | ||
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.
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:
[Dilip Davda] This is the 2nd RI from the company since February 2024. The company marked boosted performance post consolidation with GDPL, a subsidiary. Based on its financial performance, the RI appears fully priced. Considering fancy for textile counters witnessed off late, well-informed/cash surplus investors may park moderate fund for long term. Read detail review...
Globe Textiles (india) Limited
Plot No. 38 to 41
Ahmedabad Apparel Park, GIDC Khokhra
Ahmedabad-380 008
Ahmedabad, Gujarat, 380008
Skyline Financial Services Pvt.Ltd.
The Globe Textiles Rights Issue 2025 opens on Fri, Jan 24, 2025, and closes on Thu, Feb 6, 2025.
Globe Textiles Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Fri, Jan 17, 2025 |
| Last Date for renunciation of Rights Entitlements | Fri, Jan 31, 2025 |
| Issue Opening Date | Fri, Jan 24, 2025 |
| Issue Closing Date | Thu, Feb 6, 2025 |
| Date of Allotment (on or about) | Wed, Feb 12, 2025 |
| Date of Credit (on or about) | Fri, Feb 14, 2025 |
| Date of Listing (on or about) | Mon, Feb 17, 2025 |
You can apply for Globe Textiles Rights Issue 2025 in two ways:
Steps to apply for Globe Textiles Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Globe Textiles Rights Issue 2025 using Registrar's website (R-WAP)
