Incorporated in 1991, Global Surfaces Limited is engaged in processing natural stones and manufacturing of engineered quartz via two units in Rajasthan.

Back in 2004, one of these units was being auctioned by the Debts Recovery Tribunal. The company acquired the assets and started the processing of natural stones from these premises, turning it into a profitable venture.

Prior to the acquisition it was engaged in the real estate construction business which they ceased.

Objects of the issue:

1. Investment in its wholly owned subsidiary, Global Surfaces FZE for part-financing its capital expenditure requirements for setting up of a manufacturing facility for engineered quartz at The Jebel Ali Free Zone, Dubai, United Arab Emirates (UAE).
2. General corporate purposes.

Financial Snapshot (₹ Crores)

Period Ended	Total revenue	Total borrowing	PAT	Total Assets
September 30, 2022	99.25	50.52	13.59	280.20
March 31, 2022	198.36	37.28	35.63	236.48
March 31, 2021	179.0	37.46	33.93	159.0
March 31, 2020	165.78	53.49	20.96	128.73

IPO Schedule

Issue Period	13th March to 15th March 2023
Finalization of Allotment	20th March 2023
Initiation of Refunds	21st March 2023
Credit of Shares	22nd March 2023
Date of Listing	23rd March 2023
Mandate end date	30th March 2023
Anchor Investors Lock-In End Date	14th April 2023

How do I apply to the Global Surfaces Limited IPO?

You can apply for the Global Surfaces Limited IPO using any supported UPI app by following two steps:

• Enter your bid on Kite
• Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Global Surfaces Limited IPO?

You can check the allotment status for the Global Surfaces Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.