Goblin IPO

Goblin India IPOGoblin India IPO description – Goblin India is an ISO 9001: 2015 certified travel luggage company engaged in the design, marketing and sale of travel, business and casual luggage as well as travel accessories. As on March 31, 2019, its products were sold in over 6 states in India as well as in Paris, France through a variety of wholesale and retail distribution channel. It sells its products under the brand name “Goblin”. Apart from the travel luggage products, the company is involved in the trading and distribution of various products in multiple verticals such as digital consumer electronics, batteries & torches, office electronics, household items and other commodities to the corporate for the purpose of corporate gifting.

It utilizes multiple channels, including retail, wholesale, corporate gifting and e-commerce to sell its products. Goblin has presence in the local markets across India, with 4 distributors, 129 direct dealers and 245 dealers of its distributers having a distribution network pan India. Goblin has also developed and strengthened its brand value through its subsidiary in France with over 250 dealers. As on date, Goblin own two exclusive retail outlets in Ahmedabad, Gujarat and one exclusive store in Paris through its subsidiary company.

The company is present in the leading e-commerce platforms like Amazon and Flipkart. Its clients in corporate gifting are Corona Remedies, Torrent Pharmaceuticals, Intas Pharmaceuticals, Indian Institute of Management (Ahmedabad), Nirma Limited, Sun Pharmaceuticals, Cipla Limited, Micro Labs Limited etc. Its products are produced by third-party manufacturers, located primarily in China as well as in India.

Goblin India promoters – Mr Manojkumar Choukhany and Mrs Sonam Choukhany

Goblin India – Upcoming IPO details
Subscription Dates 30 September – 4 October 2019
IPO Price band INR51 – 52 per share
Fresh issue 2,924,000 shares (INR14.91 – 15.20 crore)
Offer for sale Nil
Total IPO size 2,924,000 shares (INR14.91 – 15.20 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Goblin IPO: Use of funds
  • To set up a plant to manufacture/assemble Acrylonitrile Butadiene Styrene (ABS) Luggage bags at Ahmedabad, Gujarat – INR1.83 crore
  • Working capital requirements – INR9.20 crore
  • General corporate purposes
  • Issue Expenses
Goblin India’s financial performance (in INR crore)
  FY2017 FY2018 FY2019
Total revenue 52.4 60.9 68.5
Total expenses 51.6 57.2 64.3
Profit after tax 0.6 3.1 3.4
More about Goblin India 
Goblin India Contact Details

Goblin India Limited 
Camex House, 1st Floor
Commerce Road, Navrangpura
Ahmedabad-380009 Phone: +91 79 26465080
Email: [email protected]
Website: www.goblinindia.com

Goblin India IPO Subscription Details
Day Subscription (no. of times, at 5 PM)
Day 1 0.20
Day 2 0.48
Day 3 0.53
Day 4 1.29
Goblin India Valuation (For FY2019)

Earnings Per Share (EPS): INR4.58

Price/Earnings (P/E) ratio: 11.13 – 11.35

Return on Net Worth (RONW): 43.23%

Net Asset Value (NAV): INR11.02 per share

Registrar of Goblin IPO

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]
Website: www.bigshareonline.com

Goblin India IPO Allotment Status

Goblin India IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

Listing performance of Goblin India

IPO Opening Date: 30 September 2019

IPO Closing Date: 4 October 2019

Listing Date: 15 October 2019

Listing Price on BSE SME Exchange: INR55 per share (up 5.77% from IPO price)

Closing Price on BSE SME Exchange: INR57.7 per share (up 10.96% from IPO price)


  1. Ipocentral first website where i get correct EPS and P/E ratio for goblin. Their prospectus still has values before bonus shares.
    Thank you team


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