The Globe Textiles IPO date has been confirmed to have started on June 12, 2017 and ended on June 15, 2017.
Globe Textiles intends to raise Rs 13.71 crore via an IPO. The price per share is ₹51, and the minimum application size is 2000 shares. Retail investors must commit a minimum of ₹102,000. Each of the Globe Textiles’s public offerings provided investors with an opportunity to get into its unique business model.
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Bidding Dates
June 12-15
Price Range
₹51 per share
Face Value
₹10 per share
GMP
₹4.05
Globe Textiles IPO GMP
The Globe Textiles Limited IPO GMP Today is ₹4.05.
IPO Overview
Globe Textiles’ initial public offering (IPO) has been priced at Rs 13.71 crore. This offering consists of a fresh issue of 13.68 lakh shares worth Rs 6.98 crore and an offer for sale of 13.2 lakh shares worth Rs 6.73 crore. The bidding for Globe Textiles’ IPO began on June 12, 2017, and ended on June 15, 2017. On June 23, 2017, the shares were listed on the NSE. The market’s volatility are both challenges and opportunities for Globe Textiles’s debut IPO. Globe Textiles Limited IPO GMP Today is ₹4.05. However, as the Company prepares for its IPO, a key determinant of success will be whether it can distinguish itself from similar firms and steal a share of national market.
COMPETITIVE STRENGTHS
- Key customer base with reputed international Customers
- Cost-effective production and timely fulfillment of orders
- Scalable Business Model
Globe Textiles IPO Details
| IPO Date | June 12, 2017 to June 15, 2017 |
| Listing Date | June 23, 2017 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,688,000 shares (aggregating up to ₹13.71 Cr) |
| Fresh Issue | 1,368,000 shares (aggregating up to ₹6.98 Cr) |
| Offer for Sale | 1,320,000 shares of ₹10 (aggregating up to ₹6.73 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Globe Textiles Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹50.00 |
| Low | ₹43.70 |
| High | ₹52.00 |
| Last Trade | ₹50.15 |
Globe Textiles IPO Listing Details
| Listing Date | June 23, 2017 |
| BSE Script Code | |
| NSE Symbol | GLOBE |
| ISIN | INE581X01013 |
| Final Issue Price | ₹51 per share |
Company Profile
Ahmedabad, Gujarat proudly hosts Globe Textiles (India) Limited, a textile giant founded in 1995. With a focus on garments, cotton-printed fabrics, home textiles, and fancy fabrics, the company also engages in trading yarns, denim and non-denim fabrics, shirting fabrics, and jeans, solidifying its position in the industry. The Company’s IPO filing discloses the competitive landscape and potential risks it faces.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Globe Textiles (India) Limited |
| Phone number | +91-79-2293 1881/82/83/84 |
| Email ID | [email protected] |
| Website | globetextiles.net |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Globe Textiles IPO FAQs
When Globe Textiles IPO will open?
The Globe Textiles IPO opens on June 12, 2017 and closes on June 15, 2017.
What is the lot size of Globe Textiles IPO?
Globe Textiles IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
When is Globe Textiles IPO listing date?
The Globe Textiles IPO listing date is on June 23, 2017.
