Globe Textiles (india) Limited Right Issue

₹49.00 Cr NSE 6 Mar 2024 – 20 Mar 2024

Closed Ratio: 1 : 1 NSE
HomeRight Issue › Globe Textiles (india) Limited
← Back to List
Issue Price
₹3.00
Face Value
₹2.00
Issue Size (Shares)
151,141,500
Issue Size (₹ Cr.)
₹49.00
📅 Right Issue Timetable
Last Date to Buy SharesThu, Feb 22, 2024
Record DateFri, Feb 23, 2024
Credit of Rights EntitlementsWed, Feb 28, 2024
Bid/Offer Opens OnWed, Mar 6, 2024
Issue Open DateWed, Mar 6, 2024
Renunciation Last DateTue, Mar 12, 2024
Bid/Offer Closes OnWed, Mar 20, 2024
Issue Close DateWed, Mar 20, 2024
Deemed Date of AllotmentTue, Mar 19, 2024
Credit DateTue, Mar 26, 2024
Listing DateFri, Mar 29, 2024
📋 Right Issue Details
Issue Size (Shares)151,141,500
Issue Size (Amount)₹49.00 Cr.
Issue Price₹3.00 per share
Face Value₹2.00 per share
Entitlement Ratio1 : 1
Listing AtNSE
Terms of PaymentRs. 3/- per Rights Equity Share (including a share premium of Rs. 1 per Rights Equity Share) shall be payable on application.
📊 Company Financials (Restated)
Period Ended2023-03-312022-03-31FY I
Income401.83385.56
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Repayment of Loan availed from the related party through conversion outstanding Loan to Equity
2Acquisition of Equity Shares in Globe Denwash Private Limited
🏢 About the Company
Incorporated in 1995, Globe Textiles (India) Limited manufactures garments, cotton printed fabrics, home textiles, and fancy fabrics. The company has six manufacturing units, two located in Khokhra, Ahmedabad and four in Piplej-Pirana Road, Piplej, Ahmedabad.

The company has a production capacity spread across 350,000 square feet, housing several divisions. It collectively manufactures 2 million bed sets, 36 million meters of fabric, and 2.5 million bottoms per year. The company employs over 1200 workers and has a team of more than 100 staff members onboard.

The company serves both domestic and international markets.

The product portfolio consists of

JEANS & Shorts
Printed Fabric (Polyester Print Fabric, Chadri Voile, Cotton Prints, Cotton Dyed)
Jackets
Face Mask
Denim and Non-Denim Fabrics
Home Textiles (Bed Sheet, Comforters, Curtains, Table Linens)
The company trades yarns, denim and non-denim fabrics, shirting fabrics and jeans. It also offers job work to clients.
📞 Company Contact
CompanyGlobe Textiles (india) Limited
AddressPlot No. 38 to 41
Ahmedabad Apparel Park, GIDC Khokhra
Ahmedabad-380 008
Ahmedabad, Gujarat, 380008
Phone+91-079 - 2293 1881
Emailcs@globetextiles.net
WebsiteVisit ↗
📝 Registrar
NameSkyline Financial Services Pvt.Ltd.
Phone011-26812682
Emailipo@skylinerta.com
WebsiteVisit ↗