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Goblin India IPO Dates, Size, Allotment, Bid Details, GMP & DRHP

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. Stock Broker Complaints


Goblin India Limited IPO Review & Ratings

IPO Ratings & Review
Criteria Ratings
Industry Sentiments 7.5/10
Industry Ranking 7.1/10
Company Background 7.3/10
Company Reputation 7.2/10
Competitive Edge 7.7/10
Financial Statements 7.1/10
Popularity Index 7.4/10
Promoters Reputation 7.7/10
Retail Appetite 7.1/10
Top Brokers Review 7.9/10
Overall Ratings 7.4/10
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 / Date NII RII Total Subscription
1st Day –  0.39x 0.03x 0.21x
2nd Day –  0.84x 0.13x 0.48x
3rd Day –  0.84x 0.28x 0.56x
4th Day –  1.87x 0.87x 1.37x
Shares Offered or Net Issue 1,388,000 1,388,000 2,776,000

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 Finalization 10-Oct-19
Refunds Initiation 14-Oct-19
Credit of Shares to Demat Account 14-Oct-19
Share Listing Date 15-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.


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-19 Mar-18 31-Mar-17
Total Assets 3680.24 3,328.30 2,283.23
Total Revenue 6,848.65 6,093.69 5,243.98
Total Expense 6,429.23 5,718.03 5,163.01
Profit After Tax 344.92 309.37 63.32

Earnings per Equity Share (in lakhs)

31-Mar-19 Mar-18 31-Mar-17
Basic & Diluted 50.83 45.59 9.33

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 Issue 75,19,876 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 EPS RONW  NAV (Rs.)
Mar-19 50.83 43.23% 117.57
31-Mar-18 45.59 70.69 %
Mar-17 9.33 31.34%
  • Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [ ]:
Particulars P/E ratio
Highest 51.22
Average 46.27
Lowest 41.33
  • Competitive Peers: 
Name of the Company Face Value
in Rs.
EPS P/E Ratio RoNW(%) NAV Per Share
(Rs.)
VIP Industries Limited 2 10.28 41.33 24.98 41.14
Safari Industries (India)
Limited
2 12.20 51.22 13.56 89.83
Goblin India Limited 10 50.83 43.23 117.57

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:
Contact Person: Pawan kumar Mahur
Investor grievance email:
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:
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

News 1 – Download DRHP Prospectus


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