IPO Issue Details
Issue Price / Price Band₹51 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size26,88,000 shares (aggregating up to ₹13.71 Cr)
Issue TypeBook Built Issue
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 12 Jun 2017
Subscription CloseThu, 15 Jun 2017
Anchor AllotmentSun, 11 Jun 2017
Basis of AllotmentWed, 21 Jun 2017
Initiation of RefundsThu, 22 Jun 2017
Credit of Shares to DematThu, 22 Jun 2017
Listing DateFri, 23 Jun 2017
UPI Mandate Deadline2017-06-15
Application & Investment Details
Retail — Min (1 Lots)₹1,02,000 — 2,000 shares
Retail — Max (13 Lots)₹1,326,000 (13 Lots)
HNI — Min (2 Lots)₹2,04,000 — 4,000 shares
Net Offer to Public25,44,000 shares (aggregating up to ₹12.97 Cr)
Reserved for Market Maker1,44,000 shares (aggregating up to ₹0.7344 Cr)
Pre-IPO Promoter Holding87,08,100 shares
Post-IPO Promoter Holding1,00,76,100 shares
Fresh Issue Shares12,24,000 shares (aggregating up to ₹6.24 Cr)
Offer for Sale Shares13,20,000 shares of ₹10 (aggregating up to ₹6.73 Cr)
About Globe Textiles (India) Ltd.
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
Objects of the Issue
Globe Textiles (India) Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet Working Capital Requirement
6.30
2
General Corporate Expenses
0.30
Shareholding & Lock-in
Pre-IPO Promoter Holding
87,08,100 shares
Post-IPO Promoter Holding
1,00,76,100 shares