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Global Surfaces IPO is a book build issue of ₹154.98 crores. The issue is a combination of fresh issue of 0.85 crore shares aggregating to ₹119.28 crores and offer for sale of 0.26 crore shares aggregating to ₹35.70 crores.
Global Surfaces IPO bidding started from Mar 13, 2023 and ended on Mar 15, 2023. The allotment for Global Surfaces IPO was finalized on Mar 20, 2023. The shares got listed on BSE, NSE on Mar 23, 2023.
Global Surfaces IPO price band is set at ₹140.00 per share . The lot size for an application is 100. The minimum amount of investment required by an retail is ₹13,300 (100 shares). The lot size investment for sNII is 15 lots (1,500 shares), amounting to ₹2,10,000, and for bNII, it is 72 lots (7,200 shares), amounting to ₹10,08,000.
Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹133 to ₹140 per share |
| Issue Price Final | ₹140 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,10,70,000 shares (aggregating up to ₹154.98 Cr) |
| Fresh Issue | 85,20,000 shares (aggregating up to ₹119.28 Cr) |
| Offer for Sale | 25,50,000 shares of ₹10 (aggregating up to ₹35.70 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,38,61,818 shares |
| Share Holding Post Issue | 4,49,31,818 shares |
Global Surfaces IPO offers total 1,10,70,000 shares. Out of which 55,35,000 (50.00%) allocated to QIB, 22,14,000 (20.00%) allocated to QIB, 16,60,500 (15.00%) allocated to NII, 38,74,500 (35.00%) allocated to RII and 33,21,000 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 55,35,000 (50.00%) | NA |
| − Anchor Investor Shares Offered | 33,21,000 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 22,14,000 (20.00%) | NA |
| NII (HNI) Shares Offered | 16,60,500 (15.00%) | NA |
| − bNII > ₹10L | 11,07,000 (10.00%) | 738 |
| − sNII < ₹10L | 5,53,500 (5.00%) | 369 |
| Retail Shares Offered | 38,74,500 (35.00%) | 38,745 |
| Total Shares Offered | 1,10,70,000 (100.00%) |
Global Surfaces IPO raises ₹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 | 33,21,000 |
| 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 | Mon, Mar 13, 2023 |
| IPO Close Date | Wed, Mar 15, 2023 |
| Tentative Allotment | Mon, Mar 20, 2023 |
| Initiation of Refunds | Tue, Mar 21, 2023 |
| Credit of Shares to Demat | Wed, Mar 22, 2023 |
| Tentative Listing Date | Thu, Mar 23, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 15, 2023 |
Investors can bid for a minimum of 100 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹14,000 |
| Retail (Max) | 14 | 1,400 | ₹1,96,000 |
| S-HNI (Min) | 15 | 1,500 | ₹2,10,000 |
| S-HNI (Max) | 71 | 7,100 | ₹9,94,000 |
| B-HNI (Min) | 72 | 7,200 | ₹10,08,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 ₹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...
| Listing Date | March 23, 2023 |
| BSE Script Code | 543829 |
| NSE Symbol | GSLSU |
| ISIN | INE0JSX01015 |
| Final Issue Price | ₹140 per share |
| BSE Listing Group | T |
Global Surfaces Ltd.
Plot No. PA-10-006,
Engineering and Related Industries SEZ,
Mahindra World City, Sanganer Jaipur – 302 037
Jaipur, Rajasthan
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 1,10,70,000 equity shares of the face value of ₹10 aggregating up to ₹154.98 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 100.
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, and the minimum amount required for application is ₹14,000.
You can apply in Global Surfaces IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Global Surfaces IPO listing date is on Thursday, March 23, 2023.
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