Global Surfaces IPO GMP, Price, Date, Allotment


Last updated on April 18, 2023

Global Surfaces IPO GMP

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 Dates13 – 15 March 2023
Global Surfaces IPO Price INR 133 – 140 per share
Fresh issue8,520,000 shares (INR 119.28 crore)
Offer For Sale2,550,000 shares (INR 35.7 crore)
Total IPO size11,070,000 shares (INR154.98 crore)
Minimum bid (lot size)100 (INR 14,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE, BSE

Global Surfaces’ Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Net income20.8433.9535.7314.89
Margin (%)12.819.418.815.2
Figures in INR crore unless specified otherwise

Global Surfaces Offer News

Global Surfaces Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio12.64 – 13.31
RONW (%)26.5934.4732.51
ROCE (%)32.9535.7520.85
EBITDA (%)24.69 27.0521.97
*Compiled by IPO Central from Prospectus

Global Surfaces IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
21 Mar 202312900
20 Mar 2023151,000
18 Mar 2023151,000
17 Mar 202315900
16 Mar 2023201,000
15 Mar 202335
14 Mar 202345
13 Mar 202340
11 Mar 202340
10 Mar 202345
9 Mar 202350
8 Mar 202350

Global Surfaces IPO Subscription – Live Updates

Shares Offered22,14,00016,60,50038,74,50077,49,000
15 Mar 20238.9533.105.1212.21
14 Mar 20230.041.681.481.11
13 Mar 20230.010.570.600.42

Global Surfaces IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth – Avoid
Canara Bank Securities – Subscribe
Choice Broking –
Dalal & Broacha –
Elite Wealth – Unrated
Geojit –
GEPL Capital – Subscribe
Hem Securities – Long term subscribe
ICICIdirect –
Jainam Broking – Subscribe for short term
KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
Samco Securities –
SMC Global –
Swastika Investmart –
Ventura Securities – Not rated

Global Surfaces Offer Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East), Mumbai – 400 093,
Maharashtra, India
 +91 22 62638200
[email protected]

Global Surfaces Contact Details

Plot No. PA-10-006
Engineering and Related Industries SEZ,
Mahindra World City
Jaipur-302037, Rajasthan
Phone: +91 0141 7191000
Email: [email protected]

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 Date13 March 2023
Global Surfaces IPO Closing Date15 March 2023
Finalisation of Basis of Allotment20 March 2023
Initiation of refunds21 March 2023
Transfer of shares to demat accounts22 March 2023
Global Surfaces IPO Listing Date23 March 2023
Opening Price on NSEINR 164 per share (up 17.14%)
Closing Price on NSEINR 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.


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