Goblin India Ltd is all set to make its debut in the stock market with the issue size ₹15.20 Cr. Goblin India Ltd is an Ahmedabad-based firm that designs, markets, and sells business, travel, and casual baggage, as well as travel accessories. It is also involved in the corporate distribution and trading of batteries and torches, home products, office equipment, and other commodities. It offers its goods through a variety of channels, including wholesale, retail, e-commerce, and corporate gifting. In India, it has 129 direct dealers, four distributors, and 245 dealers, as well as a subsidiary in France with 250+ dealers. It also offers its items on Amazon, Flipkart, and other e-commerce sites.
Goblin India Limited IPO Details
| IPO Date | Sep 30, 2019 to Oct 4, 2019 |
| Listing Date | Oct 15, 2019 |
| Face Value | ₹10 per share |
| Price | ₹51 to ₹52 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,924,000 shares(aggregating up to ₹15.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
Goblin India Limited Tentative Timetable
Goblin IPO opens on Sep 30, 2019, and closes on Oct 4, 2019.
| Event | Tentative Date |
| Opening Date | Sep 30, 2019 |
| Closing Date | Oct 4, 2019 |
| Basis of Allotment | Oct 10, 2019 |
| Initiation of Refunds | Oct 14, 2019 |
| Credit of Shares to Demat | Oct 14, 2019 |
| Listing Date | Oct 15, 2019 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Company Overview
Goblin India Ltd, a travel luggage company, was originally incorporated as a private limited company under the name “Kal-Chop Export Private Limited” in Ahmedabad, Gujarat in 1989. Over the years, the company changed its name several times, with the latest change resulting in the name “Goblin India Limited” in 2015. The company is ISO 9001:2015 certified and is engaged in the design, marketing, and sale of travel, business, and casual luggage as well as travel accessories. In addition to luggage, the company trades and distributes various products such as digital consumer electronics, batteries & torches, office electronics, household items, and other commodities for corporate gifting purposes.
Goblin India Limited sells its products through various channels, including retail, wholesale, corporate gifting, and e-commerce platforms such as Amazon and Flipkart. As of March 31, 2019, the company’s total revenues were Rs. 6848.65 lakhs, with a profit after tax of Rs. 344.92 lakhs for the same period. Goblin India Limited has established itself as one of the reputed brands specializing in travelling gears with a strong presence in India and France.
Industry Overview
India is the world’s fastest growing major economy and is predicted to be one of the top three economic powers over the next 10-15 years. Its GDP growth is predicted to significantly increase to 7.5% in Fiscal Year 19-20, owing to ongoing investment momentum. Based on population growth, greater labour force participation, and higher education enrollment, India’s labour force is predicted to reach 160-170 million by 2020. In the week ending March 15, 2019, India’s foreign currency reserves were US$ 405.64 billion, and M&A activity in India hit a record US$ 129.4 billion.
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | ||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 3,680.24 | 3,328.30 | 2,283.23 |
| Total Revenue | 6,848.65 | 6,093.69 | 5,243.98 |
| Profit After Tax | 344.92 | 309.37 | 63.32 |
Objects of the Issue
The Company intends to apply the Net Funds from the Offering to the following purposes:
- To establish a facility in Ahmedabad, Gujarat, to manufacture/assemble Acrylonitrile Butadiene Styrene (ABS) luggage bags.
- Financing the Company’s operating capital requirements; and
- General corporate objectives
Strengths
- Promoter with a Diverse Product Portfolio and Experienced Management.
- Expertise and competence in worldwide procurement of various baggage items in a cordial corporate relationship.
- A large distribution network.
- Design Based on Facts, Sales Quality, and Customer Service.
Weaknesses
- Other brands’ competition is fierce.
- Increased working capital needs due to outsourced production.
- Now, geographical reach is limited.
Goblin India Limited IPO Lead Manager(s)
- Fast Track Finsec Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
Company Contact Information
Goblin India Limited
Camex House, 1st Floor,
Commerce Road, Navrangpura,
Ahmedabad-380009, India
Phone: +91 79 26465080
Email: cs@goblinindia.com
Website: http://www.goblinindia.com/
Company Registrar
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