Ghushine Fintrrade Ocean Limited SME IPO Snapshot, Details

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Company profile:- Ghushine Fintrade Ocean Limited company is based in the city Surat of India. It facilitates trading activities in textile sector. The firm offers most of the textiles materials like semi- finished and finished products in the textile markets maintaining high quality. It is engaged in trading of all kinds of fabrics, including cotton, poly cotton, and all kind of synthetic fabrics. It also provide fabrics to various corporate in textile sector.

Following are its offered products:

Fabric for Suiting & Shirtings
Sarees
Dress Materials
Quilting Fabric
Fabric for home furnishings such as curtains
Grey Fabric

IPO details

The company has filed its draft prospectus to be listed on the BSE, SME platform with markets regulator Securities and Exchange Board of India (SEBI).

Purpose of the issue:-

Augmenting additional working capital requirements;
2. Meeting Public Issue Expenses.
To create a public trading market for the Equity Shares of the company by listing them on BSE.

Summary Of Issue:

Issue Open:-	April 25, 2016 – April 27, 2016
Issue Type	100% Book Built Issue IPO
Issue Size (Shares)	2,600,000 Equity Shares of Rs. 10
Issue Size in (Value)	Rs. 2.60 Crore
Face Value	Rs. 10 Per Equity Share
Issue Price	Rs. [] – Rs. [] Per Equity Share
Market lots	10000 Shares
Minimum Order Quantity	10000 Shares
Listing At	BSE, SME

Promoters Of the Company:-

1) Mr. Alok B Jain:- He is the Managing Director of the Company. He is 44 years old.

2) Mrs. Kapila Alok Jain :- He is Director of the company. She is 41 years old.

Financials:-

Particulars	For the year/Period ended (Rs. in Millions)
Financial Year	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12	31-Mar-11
Total Equity & Liabilities	242.47	107.55	128.94	55.28	55.26
Total Assets	242.47	107.55	128.94	55.28	55.26
Total Revenue	147.07	6.07	0.26	1.35	0
Total Expenses	146.04	4.91	0.12	1.15	1.59
Profit After Tax (PAT)	0.67	0.90	0.02	-0.005	-1.74