Globe Textiles Rights Issue 2024 Offer Details
| Globe Textiles Rights Issue Date: | 24 to 6 February 2024 |
| Rights Issue Size (in INR): | Approx ₹45.04 Crores |
| Rights Issue Size (in Shares): | 15,01,39,596 Equity Share |
| Issue Price: | ₹3 Per Equity Share |
| Face Value: | ₹2 Per Equity Share |
| Listing on: | NSE |
| BSE Code: | – |
| NSE Code: | Book Built Issue |
| Issue Entitlement Ratio: | 1:2 (1 rights share for every 2 shares held on record date) |
| Payment Terms | Fully payable at the time of application |
| Employee Discount: | ₹[.] per share |
Globe Textiles Rights Issue 2024 Offer Documents
| Letter of Offer: | Click Here |
| Application Form: | Click Here |
| Live Share Price | Click Here |
Globe Textiles Rights Issue 2024 Dates | Time Table
| Last Date to buy shares: | 16 January 2025 |
| Rights Issue Record Date: | 17 January 2025 |
| Credit of Rights Entitlements: | 2025 |
| Issue Offer Opens On: | 24 January 2025 |
| Renunciation of Rights Entitlements: | 31 January 2025 |
| Issue Offer Closes On: | 6 January 2025 |
| Basis of Allotment Date: | 2025 |
| Credit Date: | 2025 |
| Listing Date: | 2025 |
Globe Textiles Rights Issue Calculation
| Rights Issue Price: | ₹3 per share |
| Market Price on Rights Issue Approval: | ₹ per share |
| Dilution Factor (X): | – |
| Fair Value After Dilution at Prevailing Price: | ₹ per share |
How to Apply for Globe Textiles Rights Issue
- Net Banking (ASBA Method)
- Registrar’s Website (R-WAP)
About Globe Textiles
Globe Textiles Limited was founded in 1995 and became an expert in the manufacturing of garments, cotton printed fabrics, home textiles, and fancy fabrics. Additionally, this company produces significant output each year, including 2 million bed sets, 36 million meters of fabric, and 2.5 million bottoms. The workforce comprises over 1,200 workers, supported by a team of more than 100 staff members. it has a production portfolio of jeans and Shorts, Printed Fabrics (Polyester Prints, Chadri Voile, Cotton Prints, Cotton Dyed) Jackets Face Masks Denim, and Non-Denim Fabrics Home Textiles (Bed Sheets, Comforters, Curtains, Table Linens). Additionally, this company runs six production facilities in two important locations, including Khokhra, Ahmedabad, and four on Piplej-Pirana Road in Piplej, Ahmedabad.
Objects of the Rights Issue
- Acquisition of Equity Shares in Globe Denwash Private Limited
- Repayment of Loan availed from the related party through conversion outstanding Loan to Equity
- Working Capital
- General Corporate Purpose
Globe Textiles Company Financial Report
₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹385.56 | ₹379.03 | ₹5.14 |
| 2023 | ₹401.83 | ₹396.17 | ₹4.51 |
| 2024 | ₹431.00 | ₹422.76 | ₹5.75 |
Globe Textiles Rights Issue Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Globe Textiles Rights Issue Lead Manager
- To Be Updated Soon
Globe Textiles Rights Issue allotment status check on Skyline Financial Services website – Click Here
Promoters of Globe Textiles
- To Be Updated Soon
Company Address
Globe Textiles (india) Limited
Plot No. 38 to 41
Ahmedabad Apparel Park, GIDC Khokhra
Ahmedabad-380 008
Phone: 9107922931881
Email: cs@globetextiles.net
Website: https://globetextiles.net/