What is the issue size of the Global Surfaces Limited IPO?

The issue size of the Global Surfaces IPO is a total of 1,10,70,000 equity shares. This includes a fresh issue of 85,20,000 equity shares and an offer for sale of 25,50,000 equity shares.

What are the open and close dates of the Global Surfaces IPO?

The Global Surfaces IPO will open on 13th March 2023 and close on 15th March 2023.

Where is Global Surfaces Limited listed?

Global Surfaces Limited is listed both on BSE and NSE.

What is 'pre-apply' for the Global Services IPO?

Pre-apply allows you to apply for the Global Surfaces Limited IPO 2 days before the subscription period starts.

How will I know when my Global Surfaces Limited IPO order is placed?

We will send you a notification when your order is successfully placed with the exchange.

What is the allotment date for the Global Surfaces IPO?

The basis of allotment finalisation date for the Global Surfaces IPO is 20th March 2023.

What is Global Surfaces IPO LISTING DATE?

The shares will be listed on 23rd March 2023.

Who is the registrar of Global Surfaces Limited IPO?

The registrar of the Global Surfaces IPO is Bigshare Services Pvt. Ltd .

Global Surfaces IPO

Global Surfaces Ltd

₹13,300 /100 sharesMinimum Investment

Global Surfaces IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹140.00₹164.00₹24.00 (17.14%)
Global Surfaces IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
13 Mar ‘23 - 15 Mar ‘23₹13,300100₹133 - ₹140
Issue SizeIPO Doc
155.00CrRHP PDF
Subscription Status As on 15 Mar '23, 5:05 PMQualified Institutional Buyers
8.95x
Non-Institutional Investor
33.10x
Retail Individual Investor
5.12x
Total
12.21x
About Global SurfacesGlobal Surfaces manufactures engineered quartz and also processes natural stones, such as marble, granite, limestone, and slate. The company has 2 manufacturing and processing units set up in Jaipur, Rajasthan. One of the units is equipped with R&D facilities, allowing the company to stay on top of the evolving market and the changing demands. The products of the company are used in flooring, countertops, wall cladding, and more. The business model of the company is centred around expanding its product portfolio by developing new designs.;
Parent Organisation
Global Surfaces Ltd
Founded
1991
Managing Director
Mayank Shah
Strengths & Risks
 Here are some strengths of Global Surfaces Limited:
Has shown consistent growth and has grown from a single to multiple category stone manufacturing unit. 
Has a wide product portfolio and offers multiple designs. This helps them meet the trends and changing demands of customers.
Established presence in international markets, including USA, Canada, Middle East, and Australia. 
Has developed quality control processes that help them minimise losses. 
In-house R&D facility that helps in new product development.
Aims at increasing its global footprint and augmenting growth in present geographies. 
The company is setting up a strategically located manufacturing facility in Dubai, UAE.
Invested in the latest technology and focuses on plant automation to deliver high quality products.
Here are some risk factors associated with Global Surfaces Limited:
The business is dependent on a few customers for a majority of their revenue. Moreover, it does not enter into long term arrangements with customers and any loss in the existing customers can impact revenues significantly. 
The company does not have long term arrangements with suppliers and an inability to procure the desired raw material on time can have an adverse effect on the company’s business operations and cash flows. 
The company’s revenue is majorly derived from exports to the US. Any changes or instability in the US market or any restrained political relations between India and USA can adversely impact the company financials. 
The business is capital-intensive. Insufficient cash flows or inability to borrow funds to meet working capital requirements can significantly impact business operations. 
A delay in setting up the Proposed Facility or cost overruns regarding the same can have a material adverse impact on the business operations, growth prospects, and financial condition of the company. 
The company’s office premises and units are located on leasehold bases. If the agreements are terminated or not renewed, it can materially impact the business. 
The company is in the process of expanding to regions where they don’t have a significant presence or prior experience. Failure to expand to these regions can affect the sales and cash flows of the company. 
In the past, the company has entered into related party transactions and may do so in the future as well. This can potentially have conflicts of interest with equity shareholders. 
The company has borrowed funds from commercial banks. An inability to make repayment can adversely affect business results and financial performance. 
Through a wholly owned subsidiary, the company is setting up a Proposed Facility for manufacturing in Dubai. Such a facility may not be profitable or justify the investment, adversely impacting growth, operations, and finances. 
The company, along with its promoters and directors, is party to certain legal proceedings. An unfavourable outcome in such proceedings can adversely impact the company’s reputation, operations, and cash flows.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹133 - 140₹2 Lakh
High Networth Individual₹133 - 140₹2 - 5 Lakh
For Global Surfaces IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹140.00	₹164.00	₹24.00 (17.14%)

Bidding Dates	Min. Investment	Lot Size	Price Range
13 Mar ‘23 - 15 Mar ‘23	₹13,300	100	₹133 - ₹140

Issue Size	IPO Doc
155.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹133 - 140	₹2 Lakh
High Networth Individual	₹133 - 140	₹2 - 5 Lakh

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