Global Surfaces Limited IPO (Global Surfaces IPO) Detail

 

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.

Global Surfaces IPO Details

Global Surfaces IPO is a Book Built Issue. The IPO total issue size is Rs 154.98 Cr. The Global Surfaces IPO price is ₹133 to ₹140 per share. The IPO will list on BSE, NSE.

IPO Date	Mar 13, 2023 to Mar 15, 2023
Listing Date	Mar 23, 2023
Face Value	₹10 per share
Price	₹133 to ₹140 per share
Lot Size	100 Shares
Total Issue Size	11,070,000 shares (aggregating up to ₹154.98 Cr)
Fresh Issue	8,520,000 shares (aggregating up to ₹119.28 Cr)
Offer for Sale	2,550,000 shares of ₹10 (aggregating up to ₹35.70 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE

Global Surfaces IPO Reservation

Global Surfaces IPO a total of 11,070,000 shares are offered. QIB: 2,214,000 (20.00%), RII: 3,874,500 (35.00%), NII: 1,660,500 (15.00%).

Anchor Investor Shares Offered	3,321,000 (30.00%)
QIB Shares Offered	2,214,000 (20.00%)
NII (HNI) Shares Offered	1,660,500 (15.00%)
Retail Shares Offered	3,874,500 (35.00%)
Total Shares Offered	11,070,000 (100%)

Global Surfaces IPO Anchor Investors Details

Global Surfaces IPO raises Rs 46.49 crore from anchor investors. Global Surfaces IPO Anchor bid date is Mar 10, 2023.

Bid Date	Mar 10, 2023
Shares Offered	3,321,000
Anchor Portion Size (In Cr.)	46.49
Anchor lock-in period end date for 50% shares (30 Days)	May 8, 2023
Anchor lock-in period end date for remaining shares (90 Days)	Aug 1, 2023

Global Surfaces IPO Timetable (Tentative)

Global Surfaces IPO opens on Mar 13, 2023, and closes on Mar 15, 2023.

IPO Open Date	Monday, 13 March 2023
IPO Close Date	Wednesday, 15 March 2023
Basis of Allotment	Monday, 20 March 2023
Initiation of Refunds	Tuesday, 21 March 2023
Credit of Shares to Demat	Wednesday, 22 March 2023
Listing Date	Thursday, 23 March 2023
Cut-off time for UPI mandate confirmation	5 PM on Mar 15, 2023

Global Surfaces IPO Lot Size

The minimum lot size of this Global Surfaces IPO is 100 shares required is ₹14,000.

Application	Lots	Shares	Amount
Retail (Min)	1	100	₹14,000
Retail (Max)	14	1400	₹196,000
S-HNI (Min)	15	1,500	₹210,000
S-HNI (Max)	71	7,100	₹994,000
B-HNI (Min)	72	7,200	₹1,008,000

Global Surfaces IPO Promoter Holding

Mayank Shah is the Promoter of the Company.

Pre Issue Share Holding	99.35%
Post Issue Share Holding

Company Financials

Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	128.73	165.78	20.96	64.48	58.03	53.49
31-Mar-21	159.00	179.00	33.93	98.43	91.98	37.46
31-Mar-22	236.48	198.36	35.63	134.04	100.17	37.28
30-Sep-22	280.20	99.25	13.59	148.93	115.07	50.52
Amount in ₹ Crore

Key Performance Indicator

Global Surfaces IPO Market Cap is Rs 593.35 Cr and P/E (x) is 21.84.

KPI	Values
P/E (x)	21.84
Market Cap (₹ Cr.)	593.35