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Goblin India gets listed on BSE SME Platform at 11% premium


Goblin India is the 313th company to get listed on BSE SME platform, on 15 October, 2019.


Goblin India got listed on BSE SME platform on Tuesday 15 October, 2019. On the first day of listing, the script of Goblin India ended at Rs.57.70 at a premium of 11% to the issue price.


Goblin India had came out with the issue of 29. 24 Lakhs equity shares of value Rs.10 each at a price of Rs.52 per equity share, aggregating up to Rs.15.20 Crore.


The main object of Goblin India for the issue is to set up a plant to manufacture/ assemble Acrylonitrile Butadiene Styrene (ABS) Luggage bags at Ahmedabad, Gujarat which will help the company in reducing the lead time for goods and will also help to cater growing demand in Indian market in very competitive price and delivery.


Goblin India will procure ABS sheets in India and produce luggage shell by vacuum forming machine and import wheels/ trolley and other accessories and assemble the luggage bags in the unit. By setting up this unit, the company can accept big corporate orders with minimum lead time of 30 to 40 days.

Goblin India limited was originally incorporated at Ahmedabad, Gujarat on April 26, 1989. It is an ISO 9001: 2015 certified travel luggage company engaged in the design, marketing and sale of travel, business and casual luggage as well as travel accessories.



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