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|
|Top Brokers Review||7.9/10|
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.
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|
|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)|
|Profit After Tax||344.92||309.37||63.32|
Earnings per Equity Share (in lakhs)
|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.
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|
|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.|
|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.)|
- Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [ ]:
- Competitive Peers:
|Name of the Company||Face Value
|EPS||P/E Ratio||RoNW(%)||NAV Per Share
|VIP Industries Limited||2||10.28||41.33||24.98||41.14|
|Safari Industries (India)
|Goblin India Limited||10||50.83||–||43.23||117.57|
Goblin India IPO Lead Managers
|FAST TRACK FINSEC PRIVATE LIMITED
B 502, Statesman House, 148 Barakhamba Road,
New Delhi -11000, India.
Telephone: +91 11-43029809
Email: [email protected]
Contact Person: Pawan kumar Mahur
Investor grievance email: [email protected]
SEBI registration number: INM000012500
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: [email protected]
Contact Person: Mr. Babu Rapheal
SEBI Registration Number: INR000001385
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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