IPO

Global Surfaces Limited IPO

Mainboard

Granites & Marbles

Listed On: Mar 23, 2023 at ₹ 164.0(NSE)

₹ 14000 /100 Shares

Check Allotment

13 Mar, 2023

Open Date

15 Mar, 2023

Close Date

20 Mar, 2023

Allotment Date

23 Mar, 2023

Listing Date
Price Summary

Last Closing

109.00 (-22.14%)

52 Week High

177.01

52 Week Low

84.71

Last Update

19-Dec-2025 3:30 PM
Global Surfaces Limited IPO Issue Details
  • Issue Price ₹133-140 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price Total 154.98 Cr Approx = Fresh Issue : 119.28 Cr + 35.7 Cr OFS
  • Listing at BSE, NSE
  • List Price 164.0(NSE)
  • Listing Date 2023-03-23
  • Lead Manager Unistone Capital Pvt Ltd
  • Registrar Bigshare Services Pvt Ltd
Global Surfaces Limited IPO Details
  • Retail Portion 35% (Number of Retail Applications : 38,740 Approx),
    (Number of sHNI Applications : 360 Approx),
    (Number of bHNI Applications : 730 Approx)
Global Surfaces Limited IPO Documents
DRHP
RHP
Global Surfaces Limited IPO Details


The IPO of Global Surfaces Limited is priced at ₹133-140 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Mar 13, 2023 and ends on Mar 15, 2023. The allotment for Global Surfaces Limited IPO will be finalized on Mar 20, 2023. Global Surfaces Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 23, 2023. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are Unistone Capital Pvt Ltd.


The Global Surfaces Limited IPO sets its price band at 133-140 for each share. A single application for Global Surfaces Limited IPO must contain at least 100 shares.

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Global Surfaces Limited IPO Subscription Analysis And Details
Retail
5.12x
QIB
8.95x
NII
33.10x
bNII
35.00x
sNII
29.29x
Total
12.21x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 2,214,000 1,660,500
1,107,000    553,500 		3,874,500 7,749,000
Day 1 13-03-23 05:00 PM
0.01 x 0.57
0.39 x   0.92 x 		0.60 x 0.42 x
Day 2 14-03-23 05:00 PM
0.04 x 1.65
0.99 x   2.97 x 		1.45 x 1.09 x
Day 3 15-03-23 05:00 PM
8.95 x 33.10
35.00 x   29.29 x 		5.12 x 12.21 x
Total No of Applications
191774
Global Surfaces Limited Valuations
Earnings Per Share (EPS) ₹10.52/-
P/E Ratio N/A
RoNW 32.51%
Net Asset Value (NAV) - As on 31.03.22 ₹39.58
Global Surfaces Limited Company Financials
In Crs.
In Cr.
30-Sep-22 31-Mar-22 31-Mar-21 31-Mar-20
Assets 280.20 236.48 159.00 128.73
Revenue 99.25 198.36 179.00 165.78
Profit After Tax 13.59 35.63 33.93 20.96
About Global Surfaces Limited Company

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.

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Global Surfaces Limited - Promoter(s)

Mayank Shah

Pre Issue Share Holding : 99.35%

Post Issue Share Holding : N/A%

Global Surfaces Limited IPO - Issue Objectives
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.

Global Surfaces Limited IPO - Anchor Investors

Global Surfaces mobilises Rs 46.49 crore via anchor book ahead of IPO.

Total three anchor investors - Leading Light Fund VCC - The Triumph Fund, Saint Capital Fund, and VPK Global Ventures Fund - Scheme 1 - participated in the anchor book.