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:
- 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);
- 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 
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.