Globe Textiles Rights Issue Details, Record Date, Issue Price, Subscription

Globe Textiles Rights Issue details are released, Globe Textiles plans to issue 15,01,39,596 equity shares amounting to Rs 45.04 crores. Globe Textiles Rights issue price is Rs 3 per share, and the face value is Rs 2 per share. 

Globe Textiles Rights Issue open date is January 24, 2025 and closes on February 6, 2025. Globe Textiles rights issue entitlement ratio is 1:2, which is 1 Rights equity Shares for every 2 fully paid up equity shares.

The Globe Textiles Rights Issue record date is January 17, 2025. The last date to buy shares of Globe Textiles is January 16, 2025. Rights Issue subscription status will be available after the issue goes live. The details of Rights Issue entitlement, offer price, terms of payment, live subscription and bidding updates will be available soon.

Globe Textiles Rights Issue Allotment date, Credit date and Listing date is yet to be announced. The register for the Globe Textiles Rights Issue is Skyline Financial Services Private Limited. 

The book-running lead managers are yet to be announced. The listing will be at NSE, and the terms of payment are the full amount payable on the application. 

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Globe Textiles Rights Issue Details 

Globe Textiles Rights Issue details, Globe Textiles plans to issue 15,01,39,596 equity shares amounting to Rs 45.04 crores. Globe Textiles Rights issue price is Rs 3 per share, and the face value is Rs 2 per share. The rights issue entitlement ratio is 1:2, which is 1 Rights equity Shares for every 2 fully paid up equity shares.

Globe Textiles Rights Issue Dates

Globe Textiles Rights Issue open date is January 24, 2025 and closes on February 6, 2025. The Globe Textiles Rights Issue record date is January 17, 2025. The last date to buy shares of Globe Textiles is January 16, 2025.

Globe Textiles Rights Issue Objectives

Globe Textiles Rights Issue objective is to raise funds from the existing shareholders. The funds received from this issue will be utilised for the acquisition of the shares in Globe Denwash Private Limited. 

Also, for the repayment of the loan availed from the related party through conversion outstanding loan to equity. The remaining money will be used for the working capital and general corporate purposes. 

Globe Textiles Rights Issue Subscription

Rights Issue subscription status will be available after the issue goes live. The details of Rights Issue entitlement, offer price, terms of payment, live subscription and bidding updates will be available soon.

Globe Textiles Limited: About Company

Globe Textiles Limited was incorporated in 1995, is engaged in the business of manufacturing garments, cotton printed fabrics, home textile and fancy fabrics. The company has six manufacturing units all located in Ahmedabad.

Globe Textiles 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 product portfolio of the JEANS & Shorts, Printed Fabric, Face Mask, Denim and Non-Denim Fabrics, Home Textiles.

Globe Textiles Limited Financials (in crore)

Globe Textiles Limited reported a revenue of Rs 431 crore and net profit of Rs 5.75 crore. The company’s revenue increased by 7.25% and profit after tax increased by 27% between the FY ending with March 31, 2024 and March 31, 2023.

Globe Textiles Rights Issue Registrar 

Globe Textiles Limited registrar is Skyline Financial Services Private Limited. The book-running lead managers are yet to be announced. 

FAQs

1. What are the details of the Globe Textiles Rights Issue?

Globe Textiles Rights Issue details are released, Globe Textiles plans to issue 15,01,39,596 equity shares amounting to Rs 45.04 crores. Globe Textiles Rights issue price is Rs 3 per share, and the face value is Rs 2 per share. Globe Textiles rights issue entitlement ratio is 1:2,

2. Globe Textiles Rights Issue open and close date?

Globe Textiles Rights Issue open date is January 24, 2025 and closes on February 6, 2025. The Globe Textiles Rights Issue record date is January 17, 2025. The last date to buy shares of Globe Textiles is January 16, 2025.

3. How can I apply for the Globe Textiles Rights Issue?

You can apply for the Rights Issue once it opens for a subscription. Just visit the registrar's website to apply for the rights issue online. 

4. What is the entitlement ratio for the Globe Textiles Right Issue? 

Globe Textiles rights issue entitlement ratio is 1:2, which is 1 Rights equity Shares for every 2 fully paid up equity shares.

5. How can I check the Globe Textiles Issue Allotment Status?

The registrar for this upcoming rights issue is not yet announced. Investors can check out the allotment by visiting the registrar's website. 

6. What is the Globe Textiles Rights Issue record date?

The Globe Textiles Rights Issue record date is January 17, 2025. The last date to buy shares of Globe Textiles is January 16, 2025.

7. What is the listing date of the Globe Textiles Right Issue ?

The Globe Textiles Rights Issue listing date is yet to be announced.

8. Who is the registrar and lead managers of Globe Textiles Right Issue? 

Globe Textiles Limited registrar is Skyline Financial Services Private Limited. The book-running lead managers are yet to be announced. 

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