Everything you need to know about the Global Surfaces Limited IPO

Incorporated in 1991, Global Surfaces Limited is engaged in processing natural stones and manufacturing of engineered quartz via two units in Rajasthan.

Back in 2004, one of these units was being auctioned by the Debts Recovery Tribunal. The company acquired the assets and started the processing of natural stones from this premises, turning it into a profitable venture.

Prior to the acquisition it was engaged in the real estate construction business which they ceased.

Objects of the issue:

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

Financial Snapshot (Rs in Cr)

Period Ended Total revenue Total borrowing PAT Total Assets
September 30, 2022 99.25 50.52 13.59 280.20
March 31, 2022 198.36 37.28 35.63 236.48
March 31, 2021 179.0 37.46 33.93 159.0
March 31, 2020 165.78 53.49 20.96 128.73

For more information, you can check the IPO Prospectus filed by the company :point_down:

Important information regarding the IPO

Issue Period 13th March - 15th March 2023
Price Band ₹ 133-140
Minimum Bid Quantity 100 and multiples thereof
Face Value ₹ 10
Number of Shares 11,070,000 shares
Issue size ₹ 154.98 Cr
Date of Allotment 20th March, 2023
Initiation of Refund 21st March, 2023
Credit of shares 22nd March, 2023
Date of Listing 23rd March, 2023
Mandate end date 31st March, 2023
Anchor Investors Lock-in End Date 15th April, 2023

How do I apply for Global Surfaces Limtied IPO?

You can apply for it using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Global Surfaces Limited IPO?

You can check the allotment status on the website of the Registrar and Transfer agent .

Alternatively, you can also check the allotment status on the NSE website.


Feels like a niche industry stock. Any idea which are it’s competitors? Any other listed stocks in this space?

Lots of unorginized granite manufacturers are there and one of the listed competitor is Aro Granite


Aro granite has been more or less flat throughout its entire listing history for almost 15 years and recently has made losses.

Would need to hear few concalls to see how the outlook of the sector is going to be.

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