Globe Textiles (India) Limited IPO Message Board (Page 1)

What was the opening listing price of this share..

Today''s closing for Globe at 52 keeping in View the market scenario cannot be termed as bad. For my previous posts search google by putting hexadecimal:www.chittorgarh

MASTAR and Hexadecimal seems to be insiders of Globe.
They haven''t posted any messages in any threads other than Globe.
So, dont fall for these blunt talks.
Globe is a SELL at any point of time (huge cash is taken back from the company every year; look at cash flow analysis).

I m neither insider nor new. You may search my posts on various other SME pages. Right now I m not remembering many names but you can find my post on Steel City Securities.
If you want to play more safe do not apply any SME issues having more than PE multiple of 10, issue price is more than book value and RONW is less than 15%

all the open issues and new ones coming are not good . dont apply in any of them .
nse emerge is now nowhere when comes to bse sme performance,

companies those who are coming to list in nse should not be applied

only 4 stocks are in green vs 21 stocks in red in nse emerge,
i think nse emerge should now get all listing be done in bse platform only.
shame on nse emerge

The issue is at PE multiple of 15 against its peers trading at on average PE multiple of 20+. Hence do not worry about listing gain or loss, if u r a medium to long term investor. The stock will start performing better when it changes from weak hands to strong hands. As we all know market price is slave to the earning, the share price will increase in future based on its earning. Many times, to manipulate subscription and listing price, merchant bankers and companies themselves activate grey market by greasing operators based at Ahemdabad, Rajkot, Jaipur, Kolkata. So if a scrip having premium in grey market does not become good stock automatically. In many previous issues, we have seen that despite handsome grey market premium, it did not done well, neither short term nor long term because of fundamentals. Hence do ur own analysis before investing be it primary market or secondary market. Have a great day.

flop show. at one point it was available at 44 rs.
no need to apply in bad sme and get ur money stuck.

I think LaxmiCot is trading below PE of 8.
Why should someone buy Globe trading at PE of 15?
Laxmi seems to be a better candidate in this industry.

Huge sellers. This stock can hit lower circuit next week. No growth prospects.sell and save your capital as this is not even worth 10 rs stock

As correctly predicted this stock will be dampener and will destroy wealth. Won''t be surprised if it goes to 10 rs in 1 year. Sell it else u won''t get any chance later

Stock listing at 48 rs

tomorrow listing +8

Allotment is out. I have applied for one lot and got 0.

AVOID NSE EMERGE ANY NEW IPO. ALL OF THEM DOING PATHETIC.
BSE SME IS BETTER AND GIVE GOOD RETURNS BOTH IN SHORT AND LONG TERM

STOCK TO LIST AT 48 RS.
SHOULD DRAG DOWN BELOW 30 RS AFTER FEW DAYS. EXIST AND SAVE FROM THIS TEXTILE STOCK WHICH ARE NOT PERFORMING WELL.
EVEN FAIRLY PRICED LAXMI COTSPIN IS DOWN. IMAGINE THE KIND OF HAMMERING THIS STOCK WILL GET.

Raju bhai nobody can predict about the market. It can list even UC... nobody knows and
judge about listing. It is a very good company and have more orders for export. lets wait and see..

It will open @ -6% discount rate. Who posted GMP rate is fake.

Ye koi juwa nahi he bhai

iska allotment kb tk aayega or listing pr kya lg rha h .........

Inventory and debtors (receivables) both are at reasonable level and better than industry norms. Those who are having medium term view say 3 to 6 months have not to worry at all. Those who market well could sell even pricier issue than Globe with multiple times subscription. The company is not comparable with Jalan or Laxmi Cotsyn. It is better on various metrics.

RIGHT SAY HEXA

Hi Hexa,
How could you say that Globe is better than Laxmi?
I have put all the numbers in my analysis.
Globe cannot even has a single positive point (when compared with Laxmi).
If you have any numbers/justification, please provide here.

fOR SURE HUGE PREMIUM DEKH LENA....LOOK AT THE BUSINESS AND MARKETING RELATIONS

Sorry for very delayed analysis.
Anyways, its a clear AVOID - justified by the cash-flow analysis.
I don''t think that this company has any future - so look to exit on listing.

Key operating ratios
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
EPS(Rs)      3.73      5.42      8.41      9.99      7.17
Book value(Rs)      28.55      74.47      69.05      60.82      49.06
CEPS(Rs)      4.66      6.86      8.79      10.22      7.29
NPM(%)      1.71      0.86      1.43      1.34      1.16
OPM(%)      5.40      3.88      4.19      3.86      3.03
ROCE(%)      13.50      11.86      14.46      17.40      16.94
ROE(%)      13.99      7.54      14.51      19.56      18.10
Debt/equity      2.01      1.69      1.90      2.19      1.76
Interest cover      2.06      1.53      1.95      2.26      3.10

Cash flow analysis (Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
NOPAT      6.31      4.53      5.02      3.99      1.98
Operating cash flow      -3.05      -7.22      9.10      -7.90      -7.23
Free cash flow      5.16      -6.37      15.68      -0.59      -6.98