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:
- 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.
Financials of Global Surfaces Limited
(Amount in ₹ Crore)
|Period Ended||Total Assets||Total Revenue||Profit After Tax||Net Worth||Reserves and Surplus||Total Borrowing|
Global Surfaces IPO Details
|IPO Date||Mar 13, 2023 to Mar 15, 2023|
|Face Value||₹10 per share|
|Price||₹133 to ₹140 per share|
|Lot Size||100 Shares|
|Issue Size||11,070,000 shares of ₹10|
(aggregating up to ₹154.98 Cr)
|Fresh Issue||8,520,000 shares of ₹10|
(aggregating up to ₹[.] Cr)
|Offer for Sale||2,550,000 shares of ₹10|
(aggregating up to ₹[.] Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||BSE, 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.
|Opening Date||Mar 13, 2023|
|Closing Date||Mar 15, 2023|
|Basis of Allotment||Mar 20, 2023|
|Initiation of Refunds||Mar 21, 2023|
|Credit of Shares to Demat||Mar 22, 2023|
|Listing Date||Mar 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).
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.