Global Surfaces IPO description – The company is engaged in the business of processing natural stones and manufacturing engineered quartz. Global Surfaces has two units, one located at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan and the other at Mahindra World City SEZ, Jaipur, Rajasthan for processing and manufacturing its products.
The Unit I which is admeasuring 20,488 sq. mtrs. or thereabouts is located at Bagru, Jaipur, Rajasthan. This Unit was acquired as a stressed asset under the Recovery of the Debt Due to Banks and Financial Institutions Act, 1993 in 2004 and is exclusively dedicated to processing natural stones such as marble, granite and quartzite.
From FY 2017-18 onwards, the company has further diversified its business into manufacturing of engineered quartz and for this purpose, Unit II at Mahindra World City SEZ, Jaipur, Rajasthan was set up. This Unit II is spread across 24,139.08 sq. mtrs. and is dedicated towards manufacturing engineered quartz. This unit is also equipped with a R&D facility to develop, improve and test products. Both the units are located in close proximity of each other i.e., within a range of 20 Kms. from one another.
Approximately 99% of its revenues from operations were derived from exports during FY 2022. The company has exported to the United States of America, Canada, Australia and Middle East.
Promoters of Global Surfaces – Mayank Shah
Global Surfaces IPO Details
| Global Surfaces IPO Dates | 13 – 15 March 2023 |
| Global Surfaces IPO Price | INR 133 – 140 per share |
| Fresh issue | 8,520,000 shares (INR 119.28 crore) |
| Offer For Sale | 2,550,000 shares (INR 35.7 crore) |
| Total IPO size | 11,070,000 shares (INR154.98 crore) |
| Minimum bid (lot size) | 100 (INR 14,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Global Surfaces’ Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 |
| Revenue | 163.29 | 175.37 | 190.31 | 97.98 |
| Expenses | 145.06 | 144.47 | 162.25 | 85.03 |
| Net income | 20.84 | 33.95 | 35.73 | 14.89 |
| Margin (%) | 12.8 | 19.4 | 18.8 | 15.2 |
Global Surfaces Offer News
- Global Surfaces RHP
- Global Surfaces DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Global Surfaces Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 6.19 | 10.02 | 10.52 |
| PE ratio | – | – | 12.64 – 13.31 |
| RONW (%) | 26.59 | 34.47 | 32.51 |
| NAV | 99.98 | 152.61 | 39.58 |
| ROCE (%) | 32.95 | 35.75 | 20.85 |
| EBITDA (%) | 24.69 | 27.05 | 21.97 |
| Debt/Equity | 0.83 | 0.38 | 0.28 |
Global Surfaces IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 21 Mar 2023 | 12 | – | 900 |
| 20 Mar 2023 | 15 | – | 1,000 |
| 18 Mar 2023 | 15 | – | 1,000 |
| 17 Mar 2023 | 15 | – | 900 |
| 16 Mar 2023 | 20 | – | 1,000 |
| 15 Mar 2023 | 35 | – | – |
| 14 Mar 2023 | 45 | – | – |
| 13 Mar 2023 | 40 | – | – |
| 11 Mar 2023 | 40 | – | – |
| 10 Mar 2023 | 45 | – | – |
| 9 Mar 2023 | 50 | – | – |
| 8 Mar 2023 | 50 | – | – |
Global Surfaces IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 22,14,000 | 16,60,500 | 38,74,500 | 77,49,000 |
| 15 Mar 2023 | 8.95 | 33.10 | 5.12 | 12.21 |
| 14 Mar 2023 | 0.04 | 1.68 | 1.48 | 1.11 |
| 13 Mar 2023 | 0.01 | 0.57 | 0.60 | 0.42 |
Global Surfaces IPO Reviews – Subscribe or Avoid?
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SMC Global –
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Ventura Securities – Not rated
Global Surfaces Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East), Mumbai – 400 093,
Maharashtra, India
Phone:Â +91 22 62638200
Email:Â [email protected]
Website:Â www.bigshareonline.com
Global Surfaces Contact Details
GLOBAL SURFACES LIMITED
Plot No. PA-10-006
Engineering and Related Industries SEZ,
Mahindra World City
Jaipur-302037, Rajasthan
Phone:Â +91 0141 7191000
Email:Â [email protected]
Website: www.globalsurfaces.in
Global Surfaces IPO Allotment Status
Global Surfaces IPO allotment is now available on Link Intime’s website. Click on Bigshare Services weblink to get allotment status.
Global Surfaces IPO Dates & Listing Performance
| Global Surfaces IPO Opening Date | 13 March 2023 |
| Global Surfaces IPO Closing Date | 15 March 2023 |
| Finalisation of Basis of Allotment | 20 March 2023 |
| Initiation of refunds | 21 March 2023 |
| Transfer of shares to demat accounts | 22 March 2023 |
| Global Surfaces IPO Listing Date | 23 March 2023 |
| Opening Price on NSE | INR 164 per share (up 17.14%) |
| Closing Price on NSE | INR 171.10 per share (up 22.21%) |
Global Surfaces IPO FAQs
How many shares in Global Surfaces IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Global Surfaces Public Offer?
The best way to apply in Global Surfaces public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Global Surfaces IPO GMP today?
Global Surfaces IPO GMP today is INR 12 per share.
What is Global Surfaces kostak rate today?
Global Surfaces kostak rate today is NA per application.
What is Global Surfaces Subject to Sauda rate today?
Global Surfaces Subject to Sauda rate today is INR 900 per application.
