Ghushine Fintrrade Ocean Limited SME IPO Snapshot, Details

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:-

  1. Augmenting additional working capital requirements;
    2. Meeting Public Issue Expenses.
  2. 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.



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


Lead Manager Details:-


1st Floor, B Wing, Todi Estate

Sun Mill Compound

Lower Parel, Mumbai – 400013

Tel No: +91 22 4050 9999;

Fax No: +91 22 4050 9900


Investor Grievance Email:


SEBI Registration No: INM000003671

Contact Person: Mr. Rushabh Shroff


Registrar Of The Issue:-

Purva Shregistry (India) Private Limited

No. 9, Shiv Shakti Ind. Estate, Gr. floor, J.R. Boricha Marg

Lower Parel, Mumbai -400011

Tel:-+91 2223016761/8261

Fax: +91 22 2301 2517



SEBI Regn No. INR000001112

Contact Person: Mr. Rajesh Shah


Registered Office:

203, Trividh Chambers, Rushabh Petrol Pump Lane,

Ring Road, Surat – 395002, Gujarat

Tel: +91 261 2332122,

Fax: +91 261 2332122



Company Secretary and Compliance Officer: Mr. Ashish Ajay Giniwala

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