Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Global Surfaces IPO is a book built issue of Rs 154.98 crores. The issue is a combination of fresh issue of 0.85 crore shares aggregating to Rs 119.28 crores and offer for sale of 0.26 crore shares aggregating to Rs 35.70 crores.
Global Surfaces IPO bidding started from March 13, 2023 and ended on March 15, 2023. The allotment for Global Surfaces IPO was finalized on Monday, March 20, 2023. The shares got listed on BSE, NSE on March 23, 2023.
Global Surfaces IPO price band is set at ₹133 to ₹140 per share. The minimum lot size for an application is 100 Shares. The minimum amount of investment required by retail investors is ₹14,000. The minimum lot size investment for sNII is 15 lots (1,500 shares), amounting to ₹210,000, and for bNII, it is 72 lots (7,200 shares), amounting to ₹1,008,000.
Unistone Capital Pvt Ltd is the book running lead manager of the Global Surfaces IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Global Surfaces IPO RHP for detailed information.
| IPO Date | March 13, 2023 to March 15, 2023 |
| Listing Date | March 23, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹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 offers 11,070,000 shares. 2,214,000 (20.00%) to QIB, 1,660,500 (15.00%) to NII, 3,874,500 (35.00%) to RII 3,321,000 (30.00%) to Anchor investors. 38,745 RIIs will receive minimum 100 shares and 369 (sNII) and 738 (bNII) will receive minimum 1,500 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,321,000 (30.00%) | NA |
| QIB Shares Offered | 2,214,000 (20.00%) | NA |
| NII (HNI) Shares Offered | 1,660,500 (15.00%) | |
| bNII > ₹10L | 1,107,000 (10.00%) | 738 |
| sNII < ₹10L | 553,500 (5.00%) | 369 |
| Retail Shares Offered | 3,874,500 (35.00%) | 38,745 |
| Total Shares Offered | 11,070,000 (100%) |
Global Surfaces IPO raises Rs 46.49 crore from anchor investors. Global Surfaces IPO Anchor bid date is March 10, 2023. Global Surfaces IPO Anchor Investors list
| Bid Date | March 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) | April 19, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 18, 2023 |
Global Surfaces IPO opens on March 13, 2023, and closes on March 15, 2023.
| IPO Open Date | Monday, March 13, 2023 |
| IPO Close Date | Wednesday, March 15, 2023 |
| Basis of Allotment | Monday, March 20, 2023 |
| Initiation of Refunds | Tuesday, March 21, 2023 |
| Credit of Shares to Demat | Wednesday, March 22, 2023 |
| Listing Date | Thursday, March 23, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 15, 2023 |
Investors can bid for a minimum of 100 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 | |||
Mayank Shah is the Promoter of the Company.
| Share Holding Pre Issue | 99.35% |
| Share Holding Post Issue |
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.
| 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 | ||||||
The market capitalization of Global Surfaces IPO is Rs 593.35 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 21.84 |
The Company proposes to utilize the Net Proceeds towards the funding of the following objects:
[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...
The Global Surfaces IPO is subscribed 12.21 times on March 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)
| Listing Date | March 23, 2023 |
| BSE Script Code | 543829 |
| NSE Symbol | GSLSU |
| ISIN | INE0JSX01015 |
| Final Issue Price | ₹140 per share |
| 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 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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 March 13, 2023, and closes on March 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 Zerodha IPO Application Process Review for more detail.
The Global Surfaces IPO opens on March 13, 2023 and closes on March 15, 2023.
Global Surfaces IPO lot size is 100 Shares, and the minimum amount required is ₹14,000.
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 Monday, March 20, 2023, and the allotted shares will be credited to your demat account by Wednesday, March 22, 2023. Check the Global Surfaces IPO allotment status.
Thank you,
Admin @ Chittorgarh.com
ProStocks (Stock Broker) offers Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Rs 0 Eq Delivery Brokerage + AMC Free Demat + Rs 0 Account Opening Fee. Team Chittorgarh.com guarantee you the best service. Open instant account
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Mentor (800+ Posts, 300+ Likes)
IPO Guru (1000+ Posts, 500+ Likes)
Top Contributor (200+ Posts, 100+ Likes)
