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IPO Status: Listed [13th Mar 2023 to 15th Mar 2023]
Rated 3/5 by Team TopShareBrokers
Global Surfaces Limited offers an IPO issue size of 11,070,000 equity shares worth Rs 154.98 Cr, comprising both Fresh issue and OFS. The subscription for this IPO is opening from 13 Mar 2023 to 15 Mar 2023. The face value of the equity share is Rs 10 per share. The price band for this IPO is ranging from Rs 133 to Rs 140 for each share along with the lot size of 100 shares and its multiples.
Stay updated with us to know more about the Global Surfaces Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| IPO Issue Opening Date: | 13th Mar 2023 |
| IPO Issue Closing Date: | 15th Mar 2023 |
| IPO Issue Price: | ₹133-140 Per Share |
| DRHP: | View DRHP |
| RHP: | View RHP |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Offer% |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | 1.11 Cr Shares |
| Offer for Sale: | 0.26 Cr Shares |
| Fresh Issue: | 0.85 Cr Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.35% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 543829 |
| NSE Code: | GSLSU |
In this section we have covered all important dates related to Global Surfaces IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 20th Mar 2023 |
| Refunds Initiation* | 21st Mar 2023 |
| Credit of Shares to Demat* | 22nd Mar 2023 |
| IPO Listing Date* | 23rd Mar 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹133-140 |
| Market Lot: | 100 Shares |
| 1 Lot Amount: | ₹14000 |
| Min Small HNI Lots(2-10 Lakh): | 1500 shares (15 lots) |
| Min Big HNI Lots(10+ Lakh): | 7200 shares (72 lots) |
Zerodha Free Demat Account
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This company was incorporated in 1991 as a name of "Swastic Niwas Private Limited", further the name of the company was changed to "Global Surfaces Limited" in Oct 2021. The Company is engaged in the business of processing natural stones and manufacturing engineered quartz. Natural stones are produced by complex geological processes and include a number of products such as granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth. Natural stones are widely known for their uniqueness, aesthetic appeal, texture, color, and composition as no two natural stones are the same.
Engineered quartz on the other hand, is an example of engineered stone used in the countertop industry, which is a composite material made up of crushed stone bonded by an adhesive. For instance, for countertops, the slabs are made from quartz crystals bonded with a resin binder.
The products of "Global Surfaces Limited" have application in the flooring, wall cladding, countertops, cut-to size and other items. Its products are used in both commercial and residential industry and are sold within and outside India. Majority of its operational revenues comprise of export sales.
Its business model is aimed at consistently expanding its product portfolio by developing new designs. They constantly engage with its customers through marketing and promotional activities and industry specific events. The sales team works closely with its customers to obtain their insights and feedback about the upcoming trends in the industry which enables us to develop and improve its products to fulfil the tastes and demands of the market.
| Incorporation | Sector | IPO Issue Size | Website |
| 1991 | stone industry | 1.11 Cr Shares | http://www.globalsurfaces.in/ |
The Company proposes to utilize the Net Proceeds towards the funding of the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 2,214,000 (28.57%) | 1,660,500 (21.43%) | 3,874,500 (50%) | 7,749,000 | 1 | 13th Mar 2023 19:04 | 0.01x | 0.57x | 0.62x | 0.43x | 2 | 14th Mar 2023 19:04 | 0.04x | 1.66x | 1.47x | 1.10x | 3 | 15th Mar 2023 19:04 | 8.95x | 33.10x | 5.12x | 12.21x |
Past performance and financial results of Global Surfaces.
| 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 | ||||||
Last Updated on 2023-03-26T09:00:10+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Global Surfaces IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Global Surfaces IPO with Zerodha.
Alternate approch to apply in Global Surfaces IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Global Surfaces IPO Review and Important Updates
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To subscribe or apply in Global Surfaces IPO, you can use the following methods:
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Global Surfaces IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Global Surfaces IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Global Surfaces IPO. Most of the Syndicate Banks provide access to apply in Global Surfaces IPO via ASBA process. You must have your net banking access, DP ID information to apply in Global Surfaces IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Global Surfaces IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Global Surfaces IPO Review and Important Updates
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Applying in Global Surfaces IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Global Surfaces IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Global Surfaces IPO, please refer article >> Link
Global Surfaces IPO Review and Important Updates
Steps to download the online application form for Global Surfaces IPO
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Global Surfaces IPO is going to be list on 23-03-2023. NSE Code for Global Surfaces is GSLSU. BSE Code for Global Surfaces is 543829.
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Global Surfaces IPO Allotment Date is 20-03-2023.
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