Global Surfaces Limited IPO Closed

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IPO date 13 Mar 2023 – 15 Mar 2023
Listing date 23 Mar 2023
Price range 133 – 140
Minimum order quantity 100
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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.