Globe Textiles (india) Limited Right Issue

₹45.04 Cr NSE 24 Jan 2025 – 6 Feb 2025

Closed Ratio: 1 : 2 NSE
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Issue Price
₹3.00
Face Value
₹2.00
Issue Size (Shares)
150,139,596
Issue Size (₹ Cr.)
₹45.04
📅 Right Issue Timetable
Last Date to Buy SharesThu, Jan 16, 2025
Record DateFri, Jan 17, 2025
Credit of Rights EntitlementsFri, Jan 17, 2025
Bid/Offer Opens OnFri, Jan 24, 2025
Issue Open DateFri, Jan 24, 2025
Renunciation Last DateFri, Jan 31, 2025
Bid/Offer Closes OnThu, Feb 6, 2025
Issue Close DateThu, Feb 6, 2025
Deemed Date of AllotmentWed, Feb 12, 2025
Credit DateFri, Feb 14, 2025
Listing DateMon, Feb 17, 2025
📋 Right Issue Details
Issue Size (Shares)150,139,596
Issue Size (Amount)₹45.04 Cr.
Issue Price₹3.00 per share
Face Value₹2.00 per share
Entitlement Ratio1 : 2
Listing AtNSE
Terms of PaymentTotal amount of Rs.3 per Equity Share is payable on Application.
📊 Company Financials (Restated)
Period Ended2024-03-312023-03-31FY I
Income431.00401.83
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Acquisition of Equity Shares in Globe Denwash Private Limited
2Repayment of Loan availed from the related party through conversion outstanding Loan to Equity
🏢 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
Phone9107922931881
Emailcs@globetextiles.net
WebsiteVisit ↗
📝 Registrar
NameSkyline Financial Services Pvt.Ltd.
Phone011-26812682
Emailipo@skylinerta.com
WebsiteVisit ↗