Goblin India Limited IPO
(i) They have certified travel luggage company engaged in the design, marketing and sale of travel, business, and casual luggage as well as travel accessories. As on March 31, 2019, our products were sold in over 6 states in India as well as in Paris, France through a variety of wholesale and retail distribution channel.
(ii) They sell the products under the brand name “Goblin”. Apart from the travel luggage products, our company is involved in the trading and distribution of various products in multiple verticals such as digital consumer electronics, batteries & torches, office electronics, household items and other commodities to the corporate for the purpose of corporate gifting.
(iii) Today, Goblin is one of the reputed brands specializing in traveling gears. It has built its trust and goodwill in the field of luggage and corporate gifting. They utilize multiple channels, including retail, wholesale, corporate gifting, and e-commerce to sell products.
(iv) Goblin has a presence in the local markets across India, with 4 Distributors, 129 direct dealers and 245 dealers of our distributors having a distribution network pan India. Goblin has also developed and strengthened its brand value through its subsidiary in France with over 250 dealers. As on date, Goblin owns
two exclusive retail outlets in Ahmedabad, Gujarat and one exclusive store in Paris through its subsidiary company.
(v) The esteemed clients in corporate gifting are Corona Remedies, Torrent Pharmaceuticals, Intas Pharmaceuticals, Indian Institute of Management (Ahmedabad), Nirma Limited, Sun Pharmaceuticals, Cipla Limited, Micro Labs Limited etc. Their products are produced by third-party manufacturers, located primarily in China as well as in India.
(vi) As per Restated Financial statements for the period ended March 31, 2019, 2018 and 2017,
Revenues were Rs. 6848.65 lakhs, Rs. 6093.69 lakhs and Rs. 5243.98 lakhs, respectively.
PAT for Rs. 344.92 lakhs, Rs. 309.37 lakhs and Rs. 63.32 lakhs, respectively.
Objects of the Goblin India Limited IPO:
Goblin India Limited IPO Details:
| Open Date: | Sep 30 2019 |
| Close Date: | Oct 04 2019 |
| Total Shares: | 2,924,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Book Building |
| Issue Size: | 15.20 Cr. |
| Lot Size: | 2000 Shares |
| Issue Price: | ₹ 51-52 Per Equity Share |
| Listing At: | BSE SME |
| Listing Date: | Oct 14 2019 |
Promoters And Management:
Financials of Goblin India Limited IPO:
| Year | Revenue(Cr) | EBITDA(cr) | PAT(Cr) | No. of Shares(cr) | EPS |
| 2017 | 52 | 3.52 | 0.63 | 1.0443 | 0.60 |
| 2018 | 60 | 5.77 | 3.09 | 2.96 | |
| 2019 | 68 | 7 | 3.44 | 3.29 |
Comparison With Peers:
Recommendation on Goblin India Limited IPO:
Lead Manager of Goblin India Limited IPO:
Registrar of Goblin India Limited IPO:
Company Address:
Bid Details of Goblin India Limited IPO as on
04 Oct 2019 | 11:00:00 AM
| Category | No.of shares offered | No. of shares bid |
|---|---|---|
| 1,388,000 | 2,592,000 | |
| 1,388,000 | 1,212,000 | |
| 148,000 | 148,000 | |
| 2,924,000 | 3,952,000 |
| QIBs | No |
| QIBs+HNIs Subscription | 1.87X |
| Retail Subscription | 0.87X |
| Total Subscription | 1.37X |
Discussion on Goblin India Limited IPO:
3 Comments
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For time being unless some sanity prevails in the market please ignore SMEs.
Avoid
Goblin currently sources luggage bags and other travel gear accessories from different suppliers manufactured by them based in India and China.
As on the date of Red Herring Prospectus, they do not have a manufacturing facility and are relying entirely on the third-party manufacturer(s) for procuring the products.
Further, the Company will set up its own manufacturing unit of ABS Luggage Bags in Ahmedabad from the money raised from IPO.