IPO Issue Details
Issue Price / Price Band₹10 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10,000 Shares per Lot
Total Issue Size26,00,000 shares (aggregating up to ₹2.60 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 25 Apr 2016
Subscription CloseWed, 27 Apr 2016
Anchor AllotmentSun, 24 Apr 2016
Basis of AllotmentTue, 03 May 2016
Initiation of RefundsWed, 04 May 2016
Credit of Shares to DematWed, 04 May 2016
Listing DateThu, 05 May 2016
UPI Mandate Deadline2016-04-27
Application & Investment Details
Retail — Min (1 Lots)₹1,00,000 — 10,000 shares
Retail — Max (13 Lots)₹1,300,000 (13 Lots)
HNI — Min (3 Lots)₹3,00,000 — 30,000 shares
Net Offer to Public24,60,000 shares (aggregating up to ₹2.46 Cr)
Reserved for Market Maker1,40,000 shares (aggregating up to ₹0.1400 Cr)
Pre-IPO Promoter Holding23,44,900 shares
Post-IPO Promoter Holding49,44,900 shares
About Ghushine Fintrrade Ocean Ltd.
Incorporated in 1995, Ghushine Fintrrade Ocean Ltd is engaged in trading activities of various textile materials (semi-finished and finished products) in the textile market. Company is mainly engaged in trading of all kind of fabrics, including cotton, poly cotton, and all kind of synthetic fabrics. Their product range includes both finished and unfinished fabrics. They supply fabrics to various corporates in textile sector.They are engaged in the trading of following products:1. Fabric for Suiting & Shirtings2. Sarees3. Dress Materials4. Quilting Fabric5. Fabric for home furnishings such as curtains
Objects of the Issue
Ghushine Fintrrade Ocean Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Augmenting additional working capital requirements
2.35
2
2 Public Issue Expense
0.25
Shareholding & Lock-in
Pre-IPO Promoter Holding
23,44,900 shares
Post-IPO Promoter Holding
49,44,900 shares