Globe International Carriers Rights Issue

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 shares21 September 2023
Record Date22 September 2023
Credit of Rights Entitlements
Bid/Offer Opens On04 October 2023
Renunciation of Rights Entitlements09 October 2023
Bid/Offer Closes On12 October 2023
Deemed Date of Allotment
Credit Date
Listing Date

Globe International Carriers Rights Issue Details

Issue OpenOctober 4, 2023 – October 12, 2023
Security NameGlobe 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 AtNSE
Terms of PaymentFull amount of Rs. 49.50 per Equity Share is payable on application.
Entitlement6 Rights Equity Share(s) for every 25 fully paid-up Equity Shares held on Record Date

Globe International Carriers Company Financials

Period Ended31 Mar 202131 Mar 2022
Profit After Tax0.901.44
Net Worth
Reserves and Surplus16.2814.84
(Amount in ₹ Crore)

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

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

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