Globe International Carriers Rights Issue will open for subscription from 04 October 2023. the company aims for an issue size of ₹23.88 Crores through this rights Issue.
About the company
Globe International Carriers Limited provides end-to-end Transport and logistics services. The company offers Transportation of all types of industrial goods, Bulk transportation, Full truckload services from door to door, Logistics services, Supply chain management, Coastal cargo management, Warehousing management, C & F Operations, Surface Transportation, Rail Cargo Movement, International Freight Forwarding, Custom Clearance, Transportation by open or closed body vehicles, Two, three and four wheeler vehicle transportation, Insurance through reputed insurance houses, and Packing of Household & Industrial Goods with Quality Material & Unpacking at destination.
The company has over 100 employees and a PAN India branch network of over 29 branches across all major industrial towns and port cities. Globe International Carriers’ clientele comes from the Metal industry, engineering goods, and other diversified industries as well as in general commodities such as food, cotton textiles, apparel, furniture, appliances, pharmaceutical products, rubber, plastics, metal and metal products, wood, glass, automotive parts and machinery.
Objectives of the Issue
Globe International Carriers Rights Issue Timetable
| Last Date to buy shares | 21 September 2023 |
| Record Date | 22 September 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 04 October 2023 |
| Renunciation of Rights Entitlements | 09 October 2023 |
| Bid/Offer Closes On | 12 October 2023 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Globe International Carriers Rights Issue Details
| Issue Open | October 4, 2023 – October 12, 2023 |
| Security Name | Globe International Carriers Limited |
| Issue Size (Shares) | 4,823,640 |
| Issue Size (Amount) | ₹23.88 Crores |
| Issue Price | ₹49.5 per share |
| Face Value | ₹10 per share |
| Listing At | NSE |
| Terms of Payment | Full amount of Rs. 49.50 per Equity Share is payable on application. |
| Entitlement | 6 Rights Equity Share(s) for every 25 fully paid-up Equity Shares held on Record Date |
Globe International Carriers Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 |
| Assets | 48.13 | 63.56 |
| Revenue | 80.21 | 107.76 |
| Profit After Tax | 0.90 | 1.44 |
| Net Worth | ||
| Reserves and Surplus | 16.28 | 14.84 |
Rights Issue Documents
Lead Manager(s)
Globe International Carriers Registrar
Globe International Carriers Contact Information
Globe International Carriers Limited
301-306, Prakash Deep Complex,
Near Mayank Trade Centre,
Station Road, Jaipur- 302006
Phone: 0141- 2361794
Email: info@gicl.co
Website: http://www.gicl.co/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
