Global Surfaces IPO details (13 Mar – 15 Mar), (Price ₹133 to ₹140)
Listing date and Listing Price of Global Surfaces IPO:
- Global Surfaces IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of Global Surfaces IPO on NSE – Click Here
- Listing Price of Global Surfaces IPO on BSE – Click Here
Grey Market premium (GMP) price of Global Surfaces IPO:
Grey Market premium (GMP) price of Global Surfaces IPO is Rs. __. Grey Market premium (GMP) of Global Surfaces IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. Check latest GMP of all IPOs.
Global Surfaces IPO Allotment link status on Bigshare Services Pvt. Ltd.:
- Check the allotment status of Global Surfaces IPO on the below link given by Bigshare Services Pvt. Ltd..
- Global Surfaces IPO Allotment Link – https://www.bigshareonline.com/ipo_Allotment.html
Global Surfaces IPO Allotment link status on Bigshare Services Pvt. Ltd. can be checked by Application No. / CAF No. or Beneficiary ID or PAN.
Global Surfaces IPO subscription status details:
|QIB (Qualified Institl. Bidders)||NIB (Non-institutional Investor)||RII (Retail Individual Investor)||Employee category||Total No. of times applied|
|No. of shares offered|
Global Surfaces IPO highlights:
|Global Surfaces IPO bid Opens on||13 Mar 2022|
|Global Surfaces IPO bid Closes on||15 Mar 2022|
|Post issue Modification Period||16 – Mar-2022 (10 to 11 am)|
|Cut-off time for UPI Mandate Confirmation||16 – Mar-2022 (upto 12:00 PM)|
|Issue type||100% Book Building|
|Global Surfaces IPO issue size||₹ 154.98 Cr|
|Face value of each equity share||Rs. 10|
|Global Surfaces IPO Price band||Rs 133 to Rs 140 per share|
|Global Surfaces IPO market lot||100 equity shares and multiples|
|Global Surfaces IPO minimum order quantity||100 equity shares|
|Pre IPO equity share of promoters of Global Surfaces||74.37 %|
|Post IPO paid-up equity share of promoters of Global Surfaces||49.91 %|
|QIB portion reservation in Global Surfaces IPO||50 %|
|NIB portion reservation in Global Surfaces IPO||15 %|
|Retail portion reservation in Global Surfaces IPO||35 %|
|Retail individual bidder can apply in Global Surfaces IPO||up to 2 lakh (200,000) – Maximum 13 Lot|
|Retail individual discount in Global Surfaces IPO||NA|
|Employees can apply in Global Surfaces IPO||NA|
|Employees Reservation in Global Surfaces IPO||NA|
|Employees Discount in Global Surfaces IPO||NA|
|Listing of Global Surfaces at Exchanges||NSE, BSE|
|Fund raised from Anchor Investors in Pre-IPO of Global Surfaces||NA|
|Registrar of Global Surfaces IPO issue||Bigshare Services Pvt. Ltd.|
Global Surfaces IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of Global Surfaces IPO are mentioned below.
|Global Surfaces IPO opens on||13.03.2023|
|Global Surfaces IPO Closes on||15.03.2023|
|Allotment basis date of Global Surfaces IPO||20.03.2023|
|Money refund date of Global Surfaces IPO||21.03.2023|
|Shares of Global Surfaces in Demat Account||22.03.2023|
|Global Surfaces IPO listing date on NSE, BSE||23.03.2023|
How much shares of Global Surfaces IPO are being offered?
|Type of Issue (Fresh / OFS)||No. of Equity shares offered||Amount of Equity shares|
|Total Issue size||₹ 154.98 Crore|
|Fresh Issue size||–||₹ __ Crore|
|Offer for Sale (OFS)||–||₹ __ Crore|
Global Surfaces financial statements details:
IPO Red Herring Prospectus (RHP) of Global Surfaces:
Click here for IPO RHP of Global Surfaces on SEBI website.
Objectives of the Global Surfaces IPO Issue: (Source – RHP)
The Fresh Issue
Requirement of Funds: The proceeds from the Fresh Issue less our Company’s share of the Offer related expenses, is estimated to be ₹ [●] Million (the “Net Proceeds”). Our Company proposes to utilize the Net Proceeds towards funding of the following objects: 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.
Business of Global Surfaces: (Source – RHP)
Our Company is engaged in the business of processing natural stones and manufacturing engineered quartz. Natural stones are produced by complex geological processes and include a number of products such as granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth. Natural stones are widely known for their uniqueness, aesthetic appeal, texture, color, and composition as no two natural stones are the same. Engineered quartz on the other hand, is an example of engineered stone used in the countertop industry, which is a composite material made up of crushed stone bonded by an adhesive. For instance, for countertops, the slabs are made from quartz crystals bonded with a resin binder.
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