Established in 1991, Global Surfaces Limited specializes in the processing of natural stones and the manufacturing of engineered quartz.
The intricate geological processes give rise to natural stones like granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and more, which are extracted from quarries in the earth.
The operation is conducted from two units: one is situated at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan, and the other is at Mahindra World City SEZ, Jaipur, Rajasthan. Both units are exclusively dedicated to the processing and manufacturing of these products.
Global Surfaces Limited products can be found in a variety of settings, including flooring, wall cladding, countertops, cut-to-size components, and other personalized things. These products are in high demand in both the commercial and residential sectors, with a focus on both domestic and foreign markets.
IPO Stock Quote #
- Open: ₹190.10
- High – Low: ₹199.00 – ₹190.10
- Previous Close: ₹192.65
- Total Traded Value: 1,81,797
- 52 Weeks High: ₹229.95 (Apr 28, 2023)
- 52 Weeks Low: ₹151.10 (Mar 28, 2023)
- Updated On: Aug 11, 2023 4:00 PM
IPO Details #
The IPO total issue size is Rs 154.98 Cr. The Global Surfaces IPO price is ₹133 to ₹140 per share. The IPO will list on BSE, NSE. It is a Book Built Issue.
| IPO Date | Mar 13, 2023 to Mar 15, 2023 |
| Listing Date | Mar 23, 2023 |
| Face Value | ₹10 per share |
| Price | ₹133 to ₹140 per share |
| Lot Size | 100 Shares |
| Total Issue Size | 11,070,000 shares (aggregating up to ₹154.98 Cr) |
| Fresh Issue | 8,520,000 shares (aggregating up to ₹119.28 Cr) |
| Offer for Sale | 2,550,000 shares of ₹10 (aggregating up to ₹35.70 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Global Surfaces IPO Reservation #
QIB: 2,214,000 (20.00%), RII: 3,874,500 (35.00%), NII: 1,660,500 (15.00%).
| Anchor Investor Shares Offered | 3,321,000 (30.00%) |
| QIB Shares Offered | 2,214,000 (20.00%) |
| NII (HNI) Shares Offered | 1,660,500 (15.00%) |
| Retail Shares Offered | 3,874,500 (35.00%) |
| Total Shares Offered | 11,070,000 (100%) |
IPO Anchor Investors Details #
IPO raises Rs 46.49 crore from anchor investors. Global Surfaces IPO Anchor bid date is Mar 10, 2023. Global Surfaces IPO Anchor Investors list
| Bid Date | Mar 10, 2023 |
| Shares Offered | 3,321,000 |
| Anchor Portion Size (In Cr.) | 46.49 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 8, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Aug 1, 2023 |
Global Surfaces IPO Timetable (Tentative) #
Global Surfaces IPO opens on Mar 13, 2023, and closes on Mar 15, 2023.
| IPO Open Date | Monday, 13 March 2023 |
| IPO Close Date | Wednesday, 15 March 2023 |
| Basis of Allotment | Monday, 20 March 2023 |
| Initiation of Refunds | Tuesday, 21 March 2023 |
| Credit of Shares to Demat | Wednesday, 22 March 2023 |
| Listing Date | Thursday, 23 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mar 15, 2023 |
Global Surfaces IPO Lot Size #
The minimum lot size of this Global Surfaces IPO is 100 shares required is ₹14,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹14,000 |
| Retail (Max) | 14 | 1400 | ₹196,000 |
| S-HNI (Min) | 15 | 1,500 | ₹210,000 |
| S-HNI (Max) | 71 | 7,100 | ₹994,000 |
| B-HNI (Min) | 72 | 7,200 | ₹1,008,000 |
| Lot Size Calculator | |||
Global Surfaces IPO Promoter Holding #
Mayank Shah is the Promoter of the Company.
| Pre Issue Share Holding | 99.35% |
| Post Issue Share Holding |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 128.73 | 165.78 | 20.96 | 64.48 | 58.03 | 53.49 |
| 31-Mar-21 | 159.00 | 179.00 | 33.93 | 98.43 | 91.98 | 37.46 |
| 31-Mar-22 | 236.48 | 198.36 | 35.63 | 134.04 | 100.17 | 37.28 |
| 30-Sep-22 | 280.20 | 99.25 | 13.59 | 148.93 | 115.07 | 50.52 |
| Amount in ₹ Crore | ||||||
Key Performance Indicator #
Global Surfaces IPO Market Cap is Rs 593.35 Cr and P/E (x) is 21.84.
| KPI | Values |
|---|---|
| P/E (x) | 21.84 |
| Market Cap (₹ Cr.) | 593.35 |
Objects of the Issue #
The Company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Investment in the wholly owned subsidiary, Global Surfaces FZE for part-financing its capital expenditure requirements in relation to the setting up of a manufacturing facility for engineered quartz at The Jebel Ali Free Zone, Dubai, United Arab Emirates (UAE);
- General corporate purposes.
Global Surfaces IPO Subscription Status (Bidding Detail) #
The public issue subscribed 5.12 times in the retail category, 8.95 times in the QIB category, and 33.10 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 8.95 |
| NII | 33.10 |
| bNII (bids above ₹10L) | 35.00 |
| sNII (bids below ₹10L) | 29.29 |
| Retail | 5.12 |
| Total | 12.21 |
Total Application : 191,774 (4.95 times)
Global Surfaces IPO Prospectus #
Global Surfaces IPO Listing Details #
| Listing Date | Mar 23, 2023 |
| BSE Script Code | 543829 |
| NSE Symbol | GSLSU |
| ISIN | INE0JSX01015 |
| Final Issue Price | ₹140 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹140.00 |
| ₹163.00 |
| ₹156.30 |
| ₹171.15 |
| ₹170.90 |
| NSE |
|---|
| ₹140.00 |
| ₹164.00 |
| ₹156.10 |
| ₹172.20 |
| ₹171.05 |
Company Contact Information #
Plot No. PA-10-006,
Engineering and Related Industries SEZ,
Mahindra World City, Sanganer Jaipur – 302 037
Phone: 0141-7191000
Email: info@globalsurfaces.in
Website: http://www.globalsurfaces.in/
Global Surfaces IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Global Surfaces IPO Lead Manager(s) #
FAQs #
What is the Global Surfaces IPO price? #
Global Surfaces’ IPO price has been fixed at 140 per equity share.
When is the Global Surfaces IPO date? #
The schedule for the Global Surfaces IPO has been set for March 13, 2023, to March 15, 2023.
Where will the listing of the Global Surfaces IPO take place? #
Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will have the IPO listed on them.
What is the number of equity shares being offered in the Global Surfaces IPO? #
The Global Surfaces IPO is a public issue of 11,070,000 equity shares. This includes 3,874,500 shares for retail investors and 2,214,000 shares for qualified investors.
Please note that the above information is based on the data available and may be subject to change.
