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Ghushine Fintrrade Ocean Ltd IPO (Ghushine Fintrrade IPO) Detail

April 25, 2016 - April 27, 2016

Ghushine Fintrrade IPO is a fixed price issue of Rs 2.60 crores.

Ghushine Fintrrade IPO bidding started from April 25, 2016 and ended on April 27, 2016. The shares got listed on BSE SME on May 5, 2016.

Ghushine Fintrrade IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.

First Overseas Capital Limited is the book running lead manager of the Ghushine Fintrrade IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Ghushine Fintrrade IPO is Choice Equity Broking.

Refer to Ghushine Fintrrade IPO RHP for detailed information.

Ghushine Fintrrade IPO Details

IPO Date April 25, 2016 to April 27, 2016
Listing Date May 5, 2016
Face Value ₹10 per share
Price ₹10 per share
Lot Size 10000 Shares
Total Issue Size2,600,000 shares
(aggregating up to ₹2.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue2,344,900
Share holding post issue4,944,900
Market Maker portion140,000 shares
Choice Equity Broking

Ghushine Fintrrade IPO Lot Size

Investors can bid for a minimum of 10000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 10000 ₹100,000
Retail (Max) 2 20000 ₹200,000
Lot Size Calculator

Ghushine Fintrrade IPO Promoter Holding

The promoters of the company are:

1. Mr. Alok B Jain
2. Mrs. Kalpana Jain

Share Holding Pre Issue 99.99%
Share Holding Post Issue

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 & Shirtings
2. Sarees
3. Dress Materials
4. Quilting Fabric
5. Fabric for home furnishings such as curtains

Key Performance Indicator

Objects of the Issue (Ghushine Fintrrade IPO Objectives)

The object of the issue are to:

1. Augmenting additional working capital requirements;
2. Meeting Public Issue Expenses.

Ghushine Fintrrade IPO Review (Apply)

[Dilip Davda]  

 

As the issue is at par, risk savvy investors may consider investment for long term.

 

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Ghushine Fintrrade IPO Prospectus

Ghushine Fintrrade IPO Rating

17
3.5
Rating:Rated 3.5 stars
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Ghushine Fintrrade IPO Listing Details

Listing Date May 5, 2016
BSE Script Code 539864
NSE Symbol
ISIN INE009U01011
Final Issue Price ₹10 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹10.00
₹9.00
₹8.00
₹9.50
₹8.00

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Ghushine Fintrrade Ocean Ltd Contact Details

Ghushine Fintrrade Ocean Ltd
203, Trividh Chambers,
Rushabh Petrol Pump Lane,
Ring Road, Surat - 395002
Phone: +91 261 2332122
Email: ghushine95e@gmail.com
Website: http://www.ghushine.com

Ghushine Fintrrade IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: https://www.purvashare.com/investor-service/ipo-query

Ghushine Fintrrade IPO - Buy or Not

Ghushine Fintrrade IPO Recommendation Summary

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Members 0 0 0

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Ghushine Fintrrade IPO FAQs

Ghushine Fintrrade IPO is a SME IPO of 2,600,000 equity shares of the face value of ₹10 aggregating up to ₹2.60 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.

The IPO opens on April 25, 2016, and closes on April 27, 2016.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Ghushine Fintrrade IPO opens on April 25, 2016 and closes on April 27, 2016.

Ghushine Fintrrade IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.

You can apply in Ghushine Fintrrade IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Ghushine Fintrrade IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ghushine Fintrrade IPO allotment status.

The Ghushine Fintrrade IPO listing date is on May 5, 2016.
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Ghushine Fintrrade IPO Message Board

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23 Comments

16. rtvvtr |   Link |  Bookmark |May 5, 2016 12:26:09 PM
gud analysis SNBC
15. SNBC |   Link |  Bookmark |May 5, 2016 12:03:23 PM
check the analysis posted by me .
i was the first to raise question in my post-1
(snbc)
ghusine me ghus mat jaana
ghusine hits lower circuit.
one shld atleast wait for march 2016 qrtr results to enter company.
were the volumes real for march to sept qrtr 2015???
and nayways always take due caution with companys in trading activities
14. C.A. shripal |   Link |  Bookmark |May 5, 2016 12:52:09 AM
Ghushine will list tomorrow at 12 rs buyer cercuit
13. jainakash |   Link |  Bookmark |May 4, 2016 10:42:55 PM
Hi guys just a got a message of amount dediction from obc bank for thyrocare..does this mean i got allotment as it deducted now or it is normal :)
13.1. jkmittal |   Link |  Bookmark |May 4, 2016 11:15:28 PM
Yes
U got allotment
12. jkmittal |   Link |  Bookmark |May 3, 2016 6:26:35 PM
Asba amount deducted.
11. C.A. shripal |   Link |  Bookmark |April 28, 2016 1:22:56 AM
Friend gushing subscribed 3 times Grey market player asking for1.5 premium....will be open with buyer @12 rs...may be another sysco and nintec
10. atul |   Link |  Bookmark |April 27, 2016 9:23:59 PM (300+ Posts)
Septa ji ccd has moved up 15% today any specific reason you find
Pl share?
10.1. Septa |   Link |  Bookmark |April 27, 2016 9:32:06 PM (4000+ Posts, 4600+ Likes)
not sure it sudden started picking up at 2 pm may be some good news.... also deliverable volume was also high....
10.2. Khemka |   Link |  Bookmark |April 28, 2016 10:09:44 AM (1000+ Posts, 400+ Likes)
Tata coffee news
9. atul |   Link |  Bookmark |April 27, 2016 9:23:52 PM (300+ Posts)
Septa ji ccd has moved up 15% today any specific reason you find
Pl share?
8. Haar Jeet |   Link |  Bookmark |April 27, 2016 7:21:26 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Jodi @ 2500
Else 1200 each
Bhavnagar
7. jkmittal |   Link |  Bookmark |April 27, 2016 6:01:48 PM
Subscribed 3 times approximately
6. Surendra |   Link |  Bookmark |April 25, 2016 5:17:56 PM
Guys i want to open two new trading accounts on the name of my wife and mom. Could anyone suggest the best broker where I can also sell my application in grey market if i want.
6.1. SNBC |   Link |  Bookmark |April 26, 2016 10:14:32 PM
U can open account at my end and trade in sme ipois
I am a sub-broker
And u can contact me on fbtpshah@yahoo.in
I will also help u to open seperate bank accounts for applying sme ipos via online portal from banks directly.

Grey market rates and give &take should be handled by you individually.
Bcoz we advised clients to subscribe only when there is value.
And when there is value price doesnt need invitation
5. atul |   Link |  Bookmark |April 24, 2016 11:19:03 PM (300+ Posts)
Jonam ji
Your comments r invited. Pl share
5.1. jonam |   Link |  Bookmark |April 25, 2016 9:18:18 AM
Atul,
Don''t be so formal. Just Jonam is good.
As to this issue I would not touch it as there are no fundamentals supporting it as to warrant an investment either for short term or long.
best
4. sureshkvl |   Link |  Bookmark |April 24, 2016 9:04:03 AM
How to apply the SME IPO & Trade it after allocated. I have Sharekhan & Motilal account. Looks like both doesnt support SME.
Experts please suggest.
Thanks
suresh
4.1. Manipo |   Link |  Bookmark |April 24, 2016 12:21:28 PM (200+ Posts)
Check my reply at /ipo/ipo_feedback.asp?a=540&p=2

If you still need more details ping me on manipoindia AT gmail dot com
3. IPOANALYSIS |   Link |  Bookmark |April 23, 2016 6:18:46 PM
Guys remember trading company should never be invested. They are not even manufacturers.
2. sureshkvl |   Link |  Bookmark |April 22, 2016 2:01:27 PM
RHP Claims that , they shifted the business from "Investment Trading" to Textile trading business . If they disclose October-March2016 results, that will show the real picture
1. SNBC |   Link |  Bookmark |April 22, 2016 1:03:59 AM
in 2014 sales 35000 rs
upt 31/3/2015 sales 6.26 lakh rs
and in 6mth sales upto 30/9/2015 equals to 7.42 cr rs.
doesnt it look suspicious.
are the sales real??
looks books are cooked
eps jumps from 0.06 to 2.79
means tock coming at pe of 3.5
i dont trust them from balancesheet.
within 6 mth so much multifold improvement.
ghus mat jaana ghushine me (;-
1.1. Septa |   Link |  Bookmark |April 22, 2016 10:07:51 AM (4000+ Posts, 4600+ Likes)
Avoid