IPO Issue Details
Issue Price / Price Band₹140 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size100 Shares per Lot
Total Issue Size1,10,70,000 shares (aggregating up to ₹154.98 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 13 Mar 2023
Subscription CloseWed, 15 Mar 2023
Anchor AllotmentFri, 10 Mar 2023
Basis of AllotmentMon, 20 Mar 2023
Initiation of RefundsTue, 21 Mar 2023
Credit of Shares to DematWed, 22 Mar 2023
Listing DateThu, 23 Mar 2023
UPI Mandate Deadline2023-03-15
Application & Investment Details
Retail — Min (1 Lots)₹14,000 — 100 shares
Retail — Max (13 Lots)₹182,000 (13 Lots)
HNI — Min (15 Lots)₹2,10,000 — 1,500 shares
P/E Ratio (Pre-IPO)21.84x
Pre-IPO Promoter Holding3,38,61,818 shares
Post-IPO Promoter Holding4,49,31,818 shares
Fresh Issue Shares85,20,000 shares (aggregating up to ₹119.28 Cr)
Offer for Sale Shares25,50,000 shares of ₹10 (aggregating up to ₹35.70 Cr)
About Global Surfaces Ltd.
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.
Objects of the Issue
Global Surfaces Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
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”)
90.00
2
2 General corporate purposes
11.58
Shareholding & Lock-in
Pre-IPO Promoter Holding
3,38,61,818 shares
Post-IPO Promoter Holding
4,49,31,818 shares
Lock-in Period (30%)April 19, 2023
Lock-in Period (50%)June 18, 2023