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Globe International Carriers SME IPO – Details & Review

Globe International Carriers has announced its SME IPO and the IPO is opened on 30-Sep for subscription.

Issue Details of Art Nirman  IPO:  

  • IPO Open :  30th Sep to 7th Oct 2016
  • Issue Price: Rs 24 per share
  • Issue Size:  Rs 5.17 crores
  • Minimum Bid – 6000 shares
  • Maximum Bid – 6000 shares
  • Minimum Investment:  Rs 144000
  • Book Running Lead Managers :  Hem Securities
  • Registrar – Sharex Dynamic
  • Listing: The shares will be listed on SME platform of NSE.

Background:

Globe International Carriers Ltd is Jaipur, Rajasthan based logistics services provider incorporated in 2010.

The company offers a range of logistics services, including transportation of various types of industries goods, and bulk transportation and other related services through open/closed body vehicles and through two/three/four wheeler vehicles, as well as packing and unpacking services of goods. Companys goods transportation business serves a broad range of industries, including metal and metal products, textiles, apparel, furniture, appliances, pharmaceutical products, rubber, plastics, wood, glass, telecom products automotive parts and machinery.

 

Objective of the issue:

  • Working Capital requirements;
  • Issue Expenses.
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Pros & Cons: Will be updated soon.

Financials:Will be updated soon

Valuation as compared to its peers: Will be updated soon.

Should you invest:   Will be updated soon.

Disclaimer:  The articles or analysis on this website should not be constituted as Investment advice. Please consult your financial advisor before making any investments.

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