Global Surfaces Limited IPO Message Board (Page 14)

@ king vinod sir update global surfaces gmps. u pls keep updating regular basis. u provide genuine updates

Fake GMP to lure retailers. It'd crash after issue closes like Divgi.
Fresh issue is not for main company but subsidiary situated outside India. This is clear case of money laundering legally.

Hope gmp sustains and doesnt wipe out like previous ones..It may bring charm of mainboard back if lists above 25%+.

Gmp 33/35

₹35/38 GMP

Its good 👍

Good gmp. Any change in gmp now

Colorful days are again in the market, it seems. It started before the festival of Holi and will continue. Adani Group led disaster faced the market by loosing lakhs crores of rupees. But now again led by Adani Group, market in better mood. Investors lost heavily. But, GQG Partners, Rajiv Jain, the founder of this fund firm spin the money by investing in Adani Group shares in a very short period of time, say a week. He is likely to invest more and more in this Group learnt from the sources.
Good for main line IPOs and SMEs. In general good for the investors. Adani Ent. doubled from its low. Port, AWL and others also improved a lot.
Difficult to say about this Group any more.
Wish you all the best on the festival of colors.

Divgi ka gmp 28 rs bata rahe he

Recently 40 rs ka premium pata chala he
And tvs supply and sai silks ka ipo bhi jald hi aane wala he aur deltatech gaming ki agle mahine possibility he

Heared on street 2 more main board ipos will be coming by march end

I am applying BHNI in Global

Gamble of buying Adani group shares at LC through out February 2023 paid well.
Decent gains realized on ADAENT, ADAPOW, ADAGRE, ADATRA, ADAWIL and ADAPOR .

Some strange things-
1. Company incorporated their subsidiary in Dubai(tax heaver country) in dec 2022(6 months before filing drhp)
2. Object of ipo is to invest in Dubai subsidiary for manufacturing plant
3. Full ofs money taking by promoter
Question -
1. Company already have one subsiding USA, so u they r not investing in that subsidiary instead of transferring money in newly set up Dubai subsidiary
2. If their is growth in business then y promoter taking exit by selling shares..
Hope everyone got it what m saying.
May be person behind this IPO is from Dubai.

It's 120 cr fresh issue and 35 cr ofs

Lets understand the business. Data from drhp
1. Revenue is too concentrated. Around 65% comes from top 3 customers, around 83% in 2022
2. Its an export company,99% revenue is from usa.
3. Its a capital intensive business. Cost of raw materials is 50% of revenue.
4. Operational cashflow is pretty much stable from last 2 years, at 340 million rs
5. Promoter mayank shah holds 73.55% and promoter group 23.8% equity
6. Avg cost of acquisition of promoter is 2.5 rs
Promoter holds 24,906,368 shares out of which 20,000,000 came in 2021,2022 by bonus issue.
7. Proceeds are used to setup a manufacturing facility in dubai
8. Eps is 10.52, so PE should come about 13 at higher band
9. Pokarna is listed peer with 3x revenues and 2.5x eps
10. Engineered stone market will grow at 7 cagr.
11. Roe ,26% , Debt to equity, 0.28. Roce 26%.
Setting facility in dubai is good move to capture local market since engineered stones have good demand. The facility will be near to port hence redcuing freight charges.

Correction in first point. 83% comes from top 10 customers 🙏

Global Surfaces Ltd IPO
GMP 41 buyer @ 12:45pm # 07 March.
GMP Rocking. Already commanding 25+ % premium was a Good sign for this ipo.

G P 42.. Ekdum "Majboot"...💪

Global Latest GMP : 39-41

All Chittorgarh family members Happy Holi

Better than SME running with this.

1) Either size is too big
2) Either LM track record is poor

32-36

Global Surfaces GMP 36 @ 10:45pm # 06 March

Global 36 Buyer Tone.