Globe Textiles Rights Issue dates 24 Jan – 6 Feb 2025.
Established in 1995, Globe Textiles (India) has emerged as a prominent player in the textile industry, focusing on a wide range of products including garments, fabrics, and home textiles. The company operates with a commitment to sustainability and innovation, catering to diverse customer needs from fiber to fashion. With a strong emphasis on quality and customer satisfaction, Globe Textiles has built a robust portfolio that includes eco-conscious products and seasonal collections designed to resonate with contemporary fashion trends
Over the years, Globe Textiles has expanded its operations significantly. Originally incorporated as a financial services company, it transitioned to manufacturing textiles in 2006. The company has since acquired multiple production units in Ahmedabad, enhancing its capacity for garment production and textile processing. Recognized as a One Star Export House by the Directorate General of Foreign Trade (DGFT), Globe Textiles has developed strong business partnerships and maintains a global customer base.
The company reported total revenues of INR 470.05 crores for the fiscal year ending March 2024, with a profit of INR 8.87 crores. Despite facing challenges in financial stability compared to competitors, Globe Textiles continues to innovate through its in-house research and development department, striving to meet the evolving demands of the textile market.
Promoters of Globe Textiles India –
Table of Contents
Globe Textiles Rights Issue Details
| Globe Textiles Rights Issue Date | 24 Jan – 6 Feb 2025 |
| Globe Textiles Rights Issue Price | INR 3 per share |
| Issue Size (in Shares) | 15,01,39,596 shares |
| Issue Size (in INR) | INR 45.04 crore |
| Issue Entitlement | 1 equity shares for every 2 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Globe Textiles Rights Issue Record Date | 17 January 2025 |
| Face Value | INR 2 per share |
| Listing On | NSE |
Globe Textiles Rights Issue Calculation
| Globe Textiles Rights Issue Price | INR 3 per share |
| Market Price on Rights Issue Approval | INR 4.93 per share |
| Dilution Factor (X) | 1.5 |
| Fair Value After Dilution at Prevailing Price | INR 4.29 per share |
Globe Textiles Financial Performance
| Â | FY 2024 |
| Revenue | 459.0 |
| Expenses | 442.0 |
| Operating Margin (%) | 4.0 |
| Net Income | 8.87 |
Globe Textiles Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- General corporate purposesÂ
Globe Textiles Rights Offer Documents
- Globe Textiles Rights Issue Application Form
- Globe Textiles Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Globe Textiles Rights Issue Dates
| Rights Issue Approval Date | 10 January 2025 |
| Rights Issue Record Date | 17 January 2025 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 24 January 2025 |
| Last Date for Market Renunciation | 31 January 2025 |
| Rights Issue Closing Date | 6 February 2025 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Globe Textiles Rights Offer Lead Manager
Coming soon
Globe Textiles Rights Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi-110020
Phone:Â 011-40450193/97
Email:Â [email protected]
Website:Â www.skylinerta.com
Globe Textiles Contact Details
GLOBE TEXTILES (INDIA) LIMITED
Plot No. 38 to 41 Ahmedabad, Apparel Park,
GIDC Khokhra Ahmedabad-380 008
Phone:Â +9107922931881
Email:Â [email protected]
Website:Â www.globetextiles.net
Globe Textiles India Rights Issue FAQs
What is the Globe Textiles Rights Issue Price?
The issue price is INR 3 per share.
What is the Globe Textiles Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 2 Equity Shares held on the record date.
What is the Globe Textiles Rights Issue Record Date?
The Record date is 17 January 2025.
How to Apply in Globe Textiles Rights Offer?
The best way to apply in Globe Textiles Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
