Global Surfaces Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

13 Mar 2023

Close Date

15 Mar 2023

Allotment

20 Mar 2023

Listing Date

23 Mar 2023

Exchange

NSE & BSE

Price Band

₹140

Listing Price

See chart

Allotment Status

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Price Band

₹140

Per share

Face Value

₹10 per share

Lot Size

100 Shares

per lot

Issue Size

1,10,70,000 shares (aggregating up to ₹154.98 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,000

1 lot

Pre-IPO Holding

3,38,61,818 shares

Promoters

Post-IPO Holding

4,49,31,818 shares

Promoters

P/E (Pre)

21.84x

UPI Deadline

2023-03-15

Mandate

Anchor AllotmentFri, 10 Mar 2023

Basis of AllotmentMon, 20 Mar 2023

Refund InitiationTue, 21 Mar 2023

Demat CreditWed, 22 Mar 2023

Listing DayThu, 23 Mar 2023

UPI Mandate Deadline2023-03-15

Sale TypeFresh Capital-cum-Offer for Sale

Fresh Issue Shares85,20,000 shares (aggregating up to ₹119.28 Cr)

Offer for Sale25,50,000 shares of ₹10 (aggregating up to ₹35.70 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Global Surfaces Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 15 Mar 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	11,070,000	100%	₹154.98

IPO Shares Offered

Global Surfaces Ltd. IPO total issue size: ₹154.98 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	11,070,000	₹154.98	100.00%

* Based on upper price band ₹140 per share

Lot Size & Investment

Lot Size

100

Shares per Lot

Issue Price

₹140.00

Upper Band

Min Investment

₹14,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	200	₹28,000
Retail (Max — 14 Lots)	14	1,400	₹196,000
S-HNI (Min — 15 Lots)	15	1,500	₹210,000
B-HNI (Min — 72 Lots)	72	7,200	₹1,008,000

* Issue Price ₹140 × Lot Size 100 shares

IPO Schedule

Anchor

10 Mar 2023

✓ Done

IPO Open

13 Mar 2023

✓ Done

IPO Close

15 Mar 2023

✓ Done

Allotment

20 Mar 2023

✓ Done

Refunds

21 Mar 2023

✓ Done

Demat Credit

22 Mar 2023

✓ Done

Listing Day

23 Mar 2023

✓ Done

₹140.00

INR · BSE

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Issue ₹140.00 Live Price

About Global Surfaces Ltd.

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

1 Investment in our wholly owned subsidiary, Global Surfaces FZE for part-financing its capital expenditure requirements in relation to the setting up of manufacturing facility for engineered quartz at The Jebel Ali Free Zone, Dubai, United Arab Emirates (“UAE”) (“Proposed Facility”)

2 General corporate purposes

Global Surfaces Ltd. Financials (Amount in Crore)

Revenue from Operations

₹198.4

31-Mar-22

₹179.0

31-Mar-21

₹165.8

31-Mar-20

Profit After Tax (PAT)

₹35.6

31-Mar-22

₹33.9

31-Mar-21

₹21.0

31-Mar-20

Particulars	31-Mar-20	31-Mar-21	31-Mar-22
Revenue from Operations	165.78	179.00	198.36
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	20.96	33.93	35.63
Net Worth	64.48	98.43	134.04
Total Assets	128.73	159.00	236.48
Reserves & Surplus	58.03	91.98	100.17
Borrowings	53.49	37.46	37.28
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered1,10,70,000 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding3,38,61,818 shares

Post-Issue Promoter Holding4,49,31,818 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Unistone Capital Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Global Surfaces Ltd. IPO subscribed? ▲

Global Surfaces Ltd. IPO is subscribed 1.00 times by Mar 15, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Global Surfaces Ltd. IPO retail subscription status? ▼

The Global Surfaces Ltd. IPO retail category is subscribed 1.00 times as of 15 Mar 2023. The retail portion is oversubscribed.

How to subscribe Global Surfaces Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 13 Mar 2023 and closes 15 Mar 2023. Min investment: ₹14,000 (1 lot = 100 shares). UPI mandate: 2023-03-15.

How many times Global Surfaces Ltd. IPO subscribed? ▼

The Global Surfaces Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Global Surfaces Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 20 Mar 2023. Refunds: on 21 Mar 2023.

When Global Surfaces Ltd. IPO will be listed? ▼

The Global Surfaces Ltd. IPO listing date is 23 Mar 2023, Thursday. Listed on: NSE & BSE. Issue price: ₹140. Estimated listing: ₹140. GMP: NIL.

When Global Surfaces Ltd. IPO close? ▼

The Global Surfaces Ltd. IPO closes on 15 Mar 2023, Wednesday. UPI mandate: 2023-03-15. Allotment: 20 Mar 2023. Listing: 23 Mar 2023.

Quick Actions

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Live Price LIVE

Last Price₹140.00

Change—

Issue Price₹140.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹140

Face Value₹10

Lot Size100 Sh

Min. Amount₹14,000

GMPNIL

Est. Listing₹140

Subscribed1.00x

Open Date13 Mar 2023

Close Date15 Mar 2023

Allotment20 Mar 2023

Listing Date23 Mar 2023

ExchangeNSE & BSE

UPI Deadline2023-03-15