Globe Textiles IPO


Globe Textiles IPO

Globe Textiles IPO

Globe Textiles (India) Limited was established in the year 1995 and is engaged in manufacturing of Garments, cotton printed fabrics, home textiles and fancy fabrics. The company’s manufacturing activities are undertaken at three different units situated at:-

  • Unit I – Plot No. 38 to 41, Ahmedabad Apparel Park, GIDC Khokhra, Ahmedabad-380008, Gujarat.
  • Unit II – Godown No 3, Matiya Estate, Piplej Pirana Road, Taluka Mouje Village, Narol, Ahmedabad – 382405, Gujarat.
  • Unit III – Godown No. 22, 23 & 24 Taluka Mouje Village, Saijpur, Gopalpur, Narol Ahmedabad – 382405, Gujarat.

The Company caters both domestic as well as international markets. It has also been recognized by Government of India as a “One Star Export House” and holds a valid certificate from September, 2016 till September, 2021 from the Director General of Foreign Trade.

Globe Textiles’ manufacturing units are equipped with all equipment and facilities for manufacturing of fabrics along with all the other allied equipments. The Company is also engaged in trading of yarns, denims and non denims fabrics, shirting fabrics and Jeans. Also, it performs job work for many clients.

Promoters of Globe Textiles – Bhavik Suryakant Parikh and Bhavin Suryakant Parikh

Globe Textiles IPO details

Subscription Dates 12 – 15 June 2017
IPO Price band INR51 per share
Fresh issue 1,368,000 shares (INR6.97 crore)
Offer for sale 1,320,000 shares (INR6.73 crore)
Total IPO size 2,688,000 shares (INR13.70 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge platform


Globe Textiles’ financial performance (in INR crore)

FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 71.73 115.50 166.30 175.26 183.15 191.86
Total expenses  70.30 113.15 162.76 171.83 180.85 186.98
Profit after tax 0.96 1.34 2.23 2.44 1.57 3.25

Subscription (no. of times)

Day 1 0.54
Day 2 1.01
Day 3 1.52
Day 4 2.53

Globe Textiles Limited
Plot No. 38 to 41, Ahmedabad Apparel Park, GIDC Khokhra,
Ahmedabad, Gujarat – 380008

Phone: +91 79 2293 1881
Email: [email protected]

Earnings Per Share (EPS): INR3.73

Price/Earnings (P/E) ratio: 13.67

Return on Net Worth (RONW): 13.06%

Net Asset Value (NAV): INR28.55 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
[email protected]

Globe Textiles IPO allotment status is now available on Bigshare Services Private Limited website. Click on this link to get allotment status.

IPO Opening Date: 12 June 2017

IPO Closing Date: 15 June 2017

Listing Date: 23 June 2017

Listing Price on NSE SME: INR50 per share (down 2% from IPO price)

Closing Price on NSE SME: INR51 per share (flat from IPO price)


    • hello, Ipo shuld be apply through ASBA facility given by SEBI to all the investors , for more information mail me tere are upcoming IPO’s of many more profitable companies .


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