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Open
12 Jun 2017
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Close
15 Jun 2017
3
Allotment
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Listing
Fri, Jun 23, 2017
Price Band
₹51 per share
Issue Size
26,88,000 shares (agg. up to ₹14 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, Jun 23, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.45x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|
| Assets | 110.10 | 82.82 | 70.65 |
| Total Income | 191.86 | 183.16 | 175.26 |
| Profit After Tax | 3.25 | 1.57 | 2.44 |
| NET Worth | 24.86 | 21.62 | 20.04 |
| Reserves and Surplus | 16.15 | 18.71 | 17.14 |
| Total Borrowing | 51.81 | 38.95 | 29.05 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Laxmi Cotspin Ltd. | SME | ₹9.60 Cr | ₹20 | null | ₹19.90 | -0.50% | ₹14.46 (-1.70%) |
| Manomay Tex India Ltd. | SME | ₹11.41 Cr | ₹30 | null | ₹31.95 | +6.50% | ₹203.55 (+0.49%) |
| Titaanium Ten Enterprise Ltd. | SME | ₹2.72 Cr | ₹15 | null | ₹16.90 | +12.67% | ₹21.00 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 6.30 |
| 2 | General Corporate Expenses | 0.30 |
About Globe Textiles IPO
Incorporated in 1995, Globe Textiles (India) Limited is Ahmedabad Gujrat based company engaged in manufacturing of Garments, cotton printed fabrics, home textiles and fancy fabrics. Company is also engaged in trading of yarns, denims and Non denims fabrics, Shirting fabrics and Jeans.Globe Textiles has 3 manufacturing units located in and around Ahmedabad. Company caters both domestic as well as international markets. COMPETITIVE STRENGTHS• Key customer base with reputed international Customers• Cost effective production and timely fulfillment of orders• Scalable Business Model+ Read More
Contact Details
Globe Textiles (India) Ltd. AddressPlot No.38 to 41Ahmedabad Apparel ParkGIDC KhokhraAhmedabad, Gujarat, 380008+91-79-2293 1881/82/83/84info@globetextiles.netVisit Website