Globe Textiles (India) Ltd - Prospectus Synopsis

Globe Textiles (India) Ltd RHP

Registered Office : Plot No 38-41 Ahmedabad Appare , GIDC Khokhra , Ahmedabad - 380008 , Gujarat , India.

Phone : 91-79-22931881/82/83/84/85  Fax : 91-79-26442808

Email : info@globtextiles.net    Website : www.globetextiles.net

Initial public issue of 26,88,000 equity shares of face value of Rs 10 each (equity shares) of Globe Textiles (India) Limited (company or issuer) for cash at a price of Rs. 51 per equity share (including a share premium of Rs. 41 per equity share) (Issue Price) aggregating to 13.71 Crores (issue ) consisting of a fresh issue of 13,68,000 equity shares of face value of `10 each (equity Shares) for cash at a price of Rs. 51 per equity share aggregating to Rs. 6.98 Crores (issue) and 13,20,000 equity shares of face value of Rs.10 each (equity shares) for cash at a price of Rs. 51 per equity share aggregating to Rs. 6.73 Crores through an offer for sale by mr. Bhavik suryakant parikh and Mr. Nilaybhai jagdishbhai vora (collectively referred as promoter and promoter group Member selling shareholders) of which 1,44,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 51 per equity Share, aggregating to Rs. 0.73 Crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. issue of 25,44,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 51 per equity share aggregating to Rs. 12.97 Crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 26.68% and 25.25%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 51. The issue price is 5.10 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
12-Jun-2017 15-Jun-2017 Rs 51 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
  Rs Cr Lead Managers to the Issue
Project Cost 6.98 Hem Securities Ltd
Project Financed through Current Offer 13.71  
Post Issue Equity Share Capital 10.08  
Issue Price Rs. 51  
Projects
To meet working capital requirement
Promoted By Listing At Registrar to the Issue
Bhavik Suryakant Parikh
Bhavin Suryakant Parikh
NSE - SME Bigshare Services Pvt Ltd
 

Want to invest in IPO. Our RM will contact you !

Submit