Global Surfaces Limited IPO (Global Surfaces IPO) Detail

Mar 13, 2023 - Mar 15, 2023

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

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 ₹[.] Cr)
Offer for Sale	2,550,000 shares of ₹10 (aggregating up to ₹[.] Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE

Global Surfaces IPO Reservation

QIB Shares Offered	2,214,000 (28.57%)
NII (HNI) Shares Offered	1,660,500 (21.43%)
Retail Shares Offered	3,874,500 (50.00%)
Anchor Investor Shares Offered	3,321,000
Total Shares Offered	7,749,000

Global Surfaces IPO Anchor Investors Details

Global Surfaces IPO Anchor Investors list

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 Tentative Timetable

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

Event	Tentative Date
Opening Date	Mar 13, 2023
Closing Date	Mar 15, 2023
Basis of Allotment	Mar 20, 2023
Initiation of Refunds	Mar 21, 2023
Credit of Shares to Demat	Mar 22, 2023
Listing Date	Mar 23, 2023
UPI Mandate Confirmation Cut-Off Time	5.00 PM on the issue closing day

Global Surfaces IPO Lot Size

The Global Surfaces IPO lot size is 100 shares.

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
Lot Size Calculator

Global Surfaces IPO Promoter Holding

Mayank Shah is the Promoter of the Company.

Pre Issue Share Holding	99.35%
Post Issue Share Holding

Global Surfaces IPO Subscription Status (Bidding Detail)

The Global Surfaces IPO is subscribed 12.21 times on Mar 15, 2023 7:02:00 PM. The public issue subscribed 5.12 times in the retail category, 8.95 times in the QIB category, and 33.10 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category	Subscription (times)
QIB	8.95
NII	33.10
bNII (bids above ₹10L)	35.00
sNII (bids below ₹10L)	29.29
Retail	5.12
Total	12.21

Total Application : 191,774 (4.95 times)

Company Financials

Global Surfaces Limited Financial Information (Restated Consolidated)
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

Global Surfaces IPO Key Performance Indicator

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

Global Surfaces IPO Review (May apply)

[Dilip Davda] The company is in the business of processing natural stones and manufacturing engineered quartz. It has shown declining trends in its RoE and RoCE. Based on FY23 annualized earnings, the issue is aggressively priced. It is also in the highly competitive segment. The initial listing will be in the “T” group and there may not be any speculative move on debut. Hence well-informed/cash-surplus investors may consider an investment with a long-term perspective. Read detail review...

Objects of the Issue

The Company proposes to utilize the Net Proceeds towards the funding of the following objects:

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

Global Surfaces IPO Prospectus

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Global Surfaces IPO Rating

3.7

Rating:

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Global Surfaces IPO Listing Details

Listing Date	Mar 23, 2023
BSE Script Code	543829
NSE Symbol	GSLSU
ISIN	INE0JSX01015
Final Issue Price	₹140 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade

BSE
₹140.00
₹163.00
₹156.30
₹171.15
₹170.90

NSE
₹140.00
₹164.00
₹156.10
₹172.20
₹171.05

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Company Contact Information

Global Surfaces Limited
Plot No. PA-10-006,
Engineering and Related Industries SEZ,
Mahindra World City, Sanganer Jaipur – 302 037
Phone: 0141-7191000
Email: info@globalsurfaces.in
Website: http://www.globalsurfaces.in/

Global Surfaces IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/

Global Surfaces IPO Analysis

Global Surfaces IPO Recommendation Summary

Review By	Subscribe	Neutral	Avoid
Brokers	2	1	0
Members	3	2	3

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Global Surfaces IPO Lead Manager(s)

Unistone Capital Pvt Ltd (Past IPO Performance)

Lead Manager Reports

Global Surfaces IPO FAQs

Global Surfaces IPO is a main-board IPO of 11,070,000 equity shares of the face value of ₹10 aggregating up to ₹154.98 Crores. The issue is priced at ₹133 to ₹140 per share. The minimum order quantity is 100 Shares.

The IPO opens on Mar 13, 2023, and closes on Mar 15, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Global Surfaces IPO using UPI as a payment gateway. Zerodha customers can apply in Global Surfaces IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Global Surfaces IPO through Zerodha

Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the 'Global Surfaces IPO' row and click the 'Bid' button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

Global Surfaces IPO lot size is 100 Shares and the minimum order quantity is .

You can apply in Global Surfaces IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Global Surfaces IPO will be done on Mar 20, 2023, and the allotted shares will be credited to your demat account by Mar 22, 2023. Check the Global Surfaces IPO allotment status.

The Global Surfaces IPO listing date is on Mar 23, 2023.

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