Initial public issue of 26,88,000 equity shares of face value of Rs 10 each (equity shares) of Globe Textiles (India) Limited (company or issuer) for cash at a price of Rs. 51 per equity share (including a share premium of Rs. 41 per equity share) (Issue Price) aggregating to 13.71 Crores (issue ) consisting of a fresh issue of 13,68,000 equity shares of face value of `10 each (equity Shares) for cash at a price of Rs. 51 per equity share aggregating to Rs. 6.98 Crores (issue) and 13,20,000 equity shares of face value of Rs.10 each (equity shares) for cash at a price of Rs. 51 per equity share aggregating to Rs. 6.73 Crores through an offer for sale by mr. Bhavik suryakant parikh and Mr. Nilaybhai jagdishbhai vora (collectively referred as promoter and promoter group Member selling shareholders) of which 1,44,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 51 per equity Share, aggregating to Rs. 0.73 Crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. issue of 25,44,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 51 per equity share aggregating to Rs. 12.97 Crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 26.68% and 25.25%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 51. The issue price is 5.10 times of the face value.