Global Surfaces IPO

Global Surfaces IPO Details: Incorporated in 1991, Global Surfaces Limited is engaged in processing natural stones and manufacturing engineered quartz.

Natural stones are produced through complex geological processes and forms various products like granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth.

The company has two units, one located at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan, and the other at Mahindra World City SEZ, Jaipur, Rajasthan. Both units engage in the processing and manufacturing of the products.

The products of Global Surfaces Limited have applications in flooring, wall cladding, countertops, cut-to-size, and other items. The products are widely used for commercial and residential industries and are sold within and outside India.

Objects of the Issue with Global Surfaces IPO

The Company proposes to utilize the Net Proceeds towards the funding of the following objects:

  1. 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);
  2. General corporate purposes.

Financials of Global Surfaces Limited

(Amount in ₹ Crore)

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing

Global Surfaces IPO Details

IPO DateMar 13, 2023 to Mar 15, 2023
Listing Date[.]
Face Value₹10 per share
Price₹133 to ₹140 per share
Lot Size100 Shares
Issue Size11,070,000 shares of ₹10
(aggregating up to ₹154.98 Cr)
Fresh Issue8,520,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Offer for Sale2,550,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE

Global Surfaces IPO Tentative Timetable

Global Surfaces IPO opens on Mar 13, 2023, and closes on Mar 15, 2023. The Global Surfaces IPO bid date is from Mar 13, 2023 10.00 A.M. to Mar 15, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

EventTentative Date
Opening DateMar 13, 2023
Closing DateMar 15, 2023
Basis of AllotmentMar 20, 2023
Initiation of RefundsMar 21, 2023
Credit of Shares to DematMar 22, 2023
Listing DateMar 23, 2023

Global Surfaces IPO Lot Size

The Global Surfaces IPO lot size is 100 shares. A retail-individual investor can apply for up to 14 lots (1400 shares or ₹196,000).

Retail (Min)1100₹14,000
Retail (Max)141400₹196,000
S-HNI (Min)151,500₹210,000
B-HNI (Min)727,200₹1,008,000

Global Surfaces IPO FAQs

What is Global Surfaces IPO?

Global Surfaces IPO is a main-board IPO of 11,070,000 equity shares of the face value of ₹10 aggregating up to ₹154.98 Crores. The issue is priced at ₹133 to ₹140 per share. The minimum order quantity is 100 Shares.

The IPO opens on Mar 13, 2023, and closes on Mar 15, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Global Surfaces IPO will open?

The Global Surfaces IPO opens on Mar 13, 2023 and closes on Mar 15, 2023.

What is the lot size of Global Surfaces IPO?

Global Surfaces IPO lot size is 100 Shares and the minimum order quantity is 100 Shares.

How to apply for Global Surfaces IPO?

You can apply in Global Surfaces IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. 

When Global Surfaces IPO allotment?

The finalization of Basis of Allotment for Global Surfaces IPO will be done on Mar 20, 2023, and the allotted shares will be credited to your demat account by Mar 22, 2023.

When is Global Surfaces IPO listing date?

The date of Global Surfaces IPO listing is Mar 23, 2023.