Let’s have a detailed review of the company and analytics of the Goblin India IPO release date, IPO offer price, subscription, Goblin India Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters, and other related things.


Goblin India Limited IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.1/10
Company Background7.3/10
Company Reputation7.2/10
Competitive Edge7.7/10
Financial Statements7.1/10
Popularity Index7.4/10
Promoters Reputation7.7/10
Retail Appetite7.1/10
Top Brokers Review7.9/10
Overall Ratings7.4/10
Star Ratings★★★★☆

Summary of Goblin India IPO

Goblin is one of the reputed brands specializing in travelling gears. It has built its trust and goodwill in the
field of luggage and corporate gifting. They utilize multiple channels, including retail, wholesale, corporate gifting
and e-commerce to sell our products. Goblin has presence in the local markets across India, with 4 Distributors, 129
Direct dealers and 245 dealers of company’s distributors 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 owns two exclusive retail outlets in Ahmedabad, Gujarat and one exclusive store in Paris through its subsidiary company. Company is also present in the leading e-commerce platforms like Amazon and Flipkart.

Goblin India IPO

The Promoters of this company is MR. MANOJKUMAR CHOUKHANY AND MRS. SONAM CHOUKHANY. The lead manager to the issue is FAST TRACK FINSEC PRIVATE LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.

From FY 2016-17 to FY 2018-19, as per the Restated Financial Statements

As per Restated Financial statements for the period ended March 31, 2019, 2018 and 2017, total revenues were
Rs. 6848.65 lakhs, Rs. 6093.69 lakhs and Rs. 5243.98 lakhs, respectively. Profit after Tax for the for the period
ended March 31, 2019, 2018 and 2017 were Rs. 344.92 lakhs, Rs. 309.37 lakhs and Rs. 63.32 lakhs, respectively


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    Goblin India IPO Date

    The opening and the closing date of Goblin India IPO is Sep 30, 2019 – Oct 4, 2019.


    Goblin India IPO Subscription

    Day / DateNIIRIITotal Subscription
    1st Day – 0.39x0.03x0.21x
    2nd Day – 0.84x0.13x0.48x
    3rd Day – 0.84x0.28x0.56x
    4th Day – 1.87x0.87x1.37x
    Shares Offered or Net Issue1,388,0001,388,0002,776,000

    The shares subscribed by the public will be updated here.


    Goblin India IPO Allotment Status

    Here, you can find the Allotment Status of this IPO.

    Basis of Allotment Finalization10-Oct-19
    Refunds Initiation14-Oct-19
    Credit of Shares to Demat Account14-Oct-19
    Share Listing Date15-Oct-19

    Goblin India IPO Price Band

    The face value of each share is Rs 10, but the price band of the IPO is Rs 51 – Rs 52. 


    Goblin India IPO Equity Share Offering

    Issue of 2,924,000 Equity Shares of face value of Rs.10/- each for price band of Rs 51 – Rs 52 per Equity Share, aggregating up to Rs. 15.20 Crores.


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      Goblin India Limited – Company Overview

      Company was incorporated on April 26, 1989, as “Kal-Chop Export Private Limited” under the provisions of the
      Companies Act, 1956 with the Registrar of Companies, Gujarat bearing Registration Number 04-12165.

      Company obtained another fresh certificate of incorporation pursuant to change of name from “Camex Tradelink Limited” to “Goblin India Limited” dated August 24, 2015 issued by the Registrar of Companies, Ahmedabad

      As on date, Goblin owns two exclusive retail outlets in Ahmedabad, Gujarat and one exclusive store in Paris through its subsidiary company. Our Company is also present in the leading e-commerce platforms like Amazon and Flipkart.

      Business strategies of Goblin India Limited

      • Setting up of new manufacturing set up
      • Continue to increase our brand awareness
      • Expansion by way of multi-distribution and retail channels

      Goblin India Limited – Financial Statements

      A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

      Financial Summary of Goblin India Limited IPO

      On the basis of Standalone statement:-

      Amount (in INR & lakhs)  
      31-Mar-19Mar-1831-Mar-17
      Total Assets3680.243,328.302,283.23
      Total Revenue6,848.656,093.695,243.98
      Total Expense6,429.235,718.035,163.01
      Profit After Tax344.92309.3763.32

      Earnings per Equity Share (in lakhs)

      31-Mar-19Mar-1831-Mar-17
      Basic & Diluted50.8345.599.33

      From the above statements, one could find that Goblin India Limited may perform well.


      Goblin India IPO – Promoters

      The Promoter of this company is:

      • MR. MANOJKUMAR CHOUKHANY AND
      • MRS. SONAM CHOUKHANY

      List of Related Parties (Key Managerial Personnel)

      • Manoj Kumar Choukhany
      • Manish Kumar Nagori
      • Mrs. Sonam Choukhany
      • Mrs. Pooja Nagori
      • Mrs. Riya Choukhany

      Interest in promotion of the Company

      Directors may be deemed to be interested in the promotion of the Company to the extent of the Equity Shares held by them and also to the extent of any dividend payable to them and other distributions in respect of the aforesaid Equity Shares.

      Property Interest

      Directors have no interest in any property acquired by Company three years prior to the date of this Draft Red Herring Prospectus or proposed to be acquired by company as on the date of filing of this Draft Red Herring Prospectus.

      Interest in Intellectual Rights of the Company

      As on the date of filing of the Draft Red Herring Prospectus, the Company does not own any intellectual property rights.


      Goblin India Limited IPO Offer Details or Issue Details

      Particulars No. Of Equity Shares
       Equity Shares Offered Up to 35,00,000* Equity Shares of face value of Rs. 10/- each aggregating up to Rs. [●] lakhs
       Of which:
       Reserved for Market Makers Up to [●]* Equity Shares of face value of Rs. 10/- each for cash at a price of Rs. [●] /- per Equity share aggregating up to Rs.[●] lakhs.
       Net Issue to the Public Up to [●]* Equity Shares of face value of Rs. 10/- each for cash at a price of Rs. [●] /- per share aggregating up to Rs. [●] lakhs.
       Of which:
       Retail Investors Portion [●] Equity Shares of face value of Rs. 10/- each
       Non-Retail Investors Portion[●] Equity Shares of face value of Rs. 10/- each
       Equity Shares outstanding prior to the Issue75,19,876 Equity Shares of face value of Rs. 10/- each
       Equity Shares outstanding after the Issue[●] Equity Shares of face value of Rs. 10/- each

      Goblin India Limited IPO Issue Object

      These are the IPO Issue Objects of the company

      • To set up a plant to manufacture/assemble Acrylonitrile Butadiene Styrene (ABS) Luggage bags at Ahmedabad, Gujarat;
      • Funding the working capital requirement of the Company; and
      • General corporate purposes.

      Goblin India IPO – Basis of the Offer Price

      The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

      Qualitative factors are:

      • Expertise in Global sourcing of diverse luggage products.
      •  Experienced Promoters.
      • Quality and focus on customer satisfaction.
      •  Established track record.
      • Fact Based Design and Sale

      The relevant quantitative factors are:

      On the basis of standalone statement:-

      Basic & Diluted EPSRONW NAV (Rs.)
      Mar-1950.8343.23%117.57
      31-Mar-1845.5970.69 %
      Mar-179.3331.34%
      • Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [ ]:
      ParticularsP/E ratio
      Highest51.22
      Average46.27
      Lowest41.33
      • Competitive Peers: 
      Name of the CompanyFace Value
      in Rs.
      EPSP/E RatioRoNW(%)NAV Per Share
      (Rs.)
      VIP Industries Limited210.2841.3324.9841.14
      Safari Industries (India)
      Limited
      212.2051.2213.5689.83
      Goblin India Limited1050.8343.23117.57

      Goblin India IPO Lead Managers

      Lead Managers
      FAST TRACK FINSEC PRIVATE LIMITED
      B 502, Statesman House, 148 Barakhamba Road,
      New Delhi -11000, India.
      Telephone: +91 11-43029809
      Email: mb@ftfinsec.com
      Contact Person: Pawan kumar Mahur
      Investor grievance email: investor@ftfinsec.com
      Website: www.ftfinsec.com
      SEBI registration number: INM000012500
      CIN: U65191DL2010PTC200381

      Goblin India IPO Registrar to offer

      Registrar to the Offer
      BIGSHARE SERVICES PRIVATE LIMITED
      1 st Floor, Bharat Tin Works Building,
      Opp. Vasant Oasis Makwana Road
      Marol, Andheri East, Mumbai – 400059, India.
      Telephone: +91 22 62638200
      Facsimile: +91 22 62638299
      Email: ipo@bigshareonline.com
      Contact Person: Mr. Babu Rapheal
      Website: www.bigshareonline.com
      SEBI Registration Number: INR000001385
      CIN: U99999MH1994PTC076534

      Goblin India IPO Other Details:

      • Statutory Auditor – M/s. Deepak Ramesh Jain & Co., Chartered Accountants
      • Peer Review Auditor – M/s. Deepak Ramesh Jain & Co., Chartered Accountants
      • Bankers to the Company – State Bank of India

      Goblin India IPO Grey Market Premium

      The Goblin India IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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        Goblin India IPO News

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