Goblin India was incorporated on April 26, 1989. The company engaged in the design, marketing and sale of travel, business and casual luggage as well as travel accessories.
| Bidding Dates |
|---|
| 30 Sep 2019 - 04 Oct 2019 |
| Subscription |
|---|
| 1.37x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,04,000 | 1 | 1 | 2000 | 2.9 M | ₹51 - ₹52 | 72 % | ₹149.1 M - ₹152.0 M | RHP DOC |
Goblin IPO SUBSCRIPTION STATUS
04 Oct '19Goblin IPO overall subscription rate was 1.37 times the total available shares
Goblin IPO retail subscription rate was 0.87 times in the retail segment
Goblin IPO non-institutional investor subscription rate was 1.87 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
04 Oct 2019 (Day 4) | 0.87x | 1.87x | - |
30 Sep 2019 (Day 1) | 0.03x | 0.39x | - |
01 Oct 2019 (Day 2) | 0.13x | 0.84x | - |
03 Oct 2019 (Day 3) | 0.28x | 0.84x | - |
Goblin FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY19 | 34.5 | 682.8 | -24.2 | -33.2 |
| FY18 | 30.9 | 607.4 | 18.2 | 17.8 |
| FY17 | 6.3 | 523.9 | 18.1 | 16.8 |
Goblin IPO SUBSCRIPTION STATUS DETAILS
Goblin had 2.9 M shares on offer
Goblin IPO offer price was in the range ₹51 - ₹52
Goblin IPO minimum Investment was ₹104000
Goblin IPO issue size was ₹ 149.1 M - ₹ 152.0 M
Goblin had a minimum lot size of 2000 Shares per application
Goblin NUMBER OF SHARES ON OFFER
Goblin IPO IMPORTANT DATES
| Issue Open Date | 30 Sep 2019 |
| Issue close Date | 04 Oct 2019 |
| Allotment Date | 10 Oct 2019 |
| Refund Date | 14 Oct 2019 |
| Demat Account Credit Date | 14 Oct 2019 |
| Listing Date | 16 Oct 2019 |
| Listing on Exchange(s) | BSE |
| Goblin Allotment Status | Exchange |
Goblin IPO subscription opened on 30 Sep 2019, and closed on 04 Oct 2019
IPO allotment for Goblin was finalized on Thursday, 10 Oct 2019
IPO listing for Goblin was on BSE on Wednesday, 16 Oct 2019
Goblin IPO LISTING GAINS
| Issue Price (adjusted) | 52.0 |
| Listing Open Price | 57.9 |
| Listing Close Price | 57.9 |
| Listing Gain% | 11.3% |
| Current Gain% | -84.7% |
Goblin Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Goblin India Ltd. | 8 | 8.3 | 4.8 | -0.2 | 0.1 | 5 | 2.6 | 56.9 | 0.1 | 2.3 | -4.7 | 1.7 | -28 |
| Lenskart Solutions Ltd. | 569.7 | 99054.9 | 200.7 | 11.2 | 5.6 | 3.4 | 8988.3 | 28.2 | 493.6 | 67 | 2.8 | ||
| Page Industries Ltd. | 39900 | 44504.1 | 58.3 | 12.2 | 8.5 | 50.8 | 26.7 | 5310.7 | 6.3 | 763.8 | 4.8 | 684.8 | 4.8 |
| Pearl Global Industries Ltd. | 2464.1 | 11381.8 | 36.7 | 1.5 | 2.1 | 19 | 8.6 | 5061.7 | 11.5 | 277.7 | 11.8 | 67.2 | 23.7 |
| Safari Industries (India) Ltd. | 1486.6 | 7267.4 | 44 | 4.1 | 3.4 | 15 | 11.6 | 2071.8 | 15.1 | 167.8 | 17.5 | 33.8 | 10.9 |
| Arvind Fashions Ltd. | 458.8 | 6132.7 | 51.3 | 0.1 | 1.1 | 13 | 2.9 | 5307 | 14 | 122.6 | 444.6 | 8.9 | 591.7 |
Goblin INFORMATION ON IPO ISSUE
About Goblin
Goblin India was incorporated on April 26, 1989. The company engaged in the design, marketing and sale of travel, business and casual luggage as well as travel accessories.
Object of the Issue
- To set up a plant to manufacture/assemble acrylonitrile butadiene styrene luggage bags at Ahmedabad, Gujarat
- Funding the working capital requirement of the company
- General corporate purposes
Goblin - PROMOTERS
| Name |
|---|
| Manojkumar Choukhany |
| Sonam Choukhany |
Goblin Lead Manager
Fast Track Finsec Private Limited
mb@ftfinsec.com
Goblin Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Goblin Strengths
Cordial corporate relationship
The company has been maintaining cordial relationships with clients and the majority of its revenue consists of corporate gifting
Experience in global sourcing of diverse luggage products
The company has been sourcing luggage products for sales in domestic and overseas markets for the last 12 years
Distribution network
The company has a vast network of distributors in the domestic markets and a strong customers base in the overseas markets
Goblin Risks
Dependent on third party
The company is engaged in the business of trading of luggage bags and other travel gear accessories and it is dependent on third-party manufacturers for procurement of luggage bags and other travel gear accessories manufactured by them
Dependent on corporate customers and dealers
The business derives a major portion of its revenue from corporate customers and dealers.
IPO FAQs
Goblin India Ltd. IPO listing opened at Rs 57.90 while the issue price was Rs 52.00 giving 11.35% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 52.00 giving -84.71% gains since its IPO listing.
The promoters of the company are Manojkumar Choukhany and Sonam Choukhany.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 51.0 - 52.0.
The IPO application opens on Sep 30, 2019 and closes on Oct 04, 2019.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 104,000.0, the maximum value for this IPO is Rs 104,000.0.
This IPO will be allotted on Oct 10, 2019.
The refund will be credited to your account on Oct 14, 2019.
The allotted shares will be credited to your demat on Oct 14, 2019.
Goblin India Ltd.’s shares listed on the stock exchanges on Oct 16, 2019.