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Global Surfaces IPO Details 2023

IPO Status: Listed [13th Mar 2023 to 15th Mar 2023]

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Global Surfaces IPO Detail

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.

Global Surfaces IPO Details

IPO Issue Opening Date: 13th Mar 2023
IPO Issue Closing Date: 15th Mar 2023
IPO Issue Price: ₹133-140 Per Share
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


Global Surfaces IPO Important Dates

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.

Global Surfaces IPO important dates
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

Global Surfaces IPO Lots

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)
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  • About Company - Global Surfaces

    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.

    Global Surfaces IPO Strengths

    • Consistent Growth
    • Wide product portfolio and multiple designs
    • Established presence in international markets
    • Synergy of young and experienced management team with a committed employee base
    • R&D set up for new product development
    Incorporation Sector IPO Issue Size Website
    1991 stone industry 1.11 Cr Shares

    Global Surfaces IPO Objective

    The Company proposes to utilize the Net Proceeds towards the funding of the following objects:

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

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    Global Surfaces IPO Live Subscription (NSE + BSE)

    The table below is live update of IPO bidding details from NSE and BSE.

    • Qualified Institutional Buyers: 2,214,000 Shares
    • Non-Institutional Investors: 1,660,500 Shares
    • Retail Individual Investor: 3,874,500 Shares
    IPO Bidding Live Updates from BSE + NSE
    Day QIBNIIRIITotal
     # of Shares Offered2,214,000 (28.57%)1,660,500 (21.43%)3,874,500 (50%)7,749,000
    113th Mar 2023 19:040.01x0.57x0.62x0.43x
    214th Mar 2023 19:040.04x1.66x1.47x1.10x
    315th Mar 2023 19:048.95x33.10x5.12x12.21x

    Global Surfaces Financials for past 3 Years

    Past performance and financial results of Global Surfaces.

    Global Surfaces Limited Financial Information (Restated Consolidated)
    Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
    Amount in ? Crore

    Company Address

    Global Surfaces Limited
    Plot No. PA-10-006, Engineering and Related Industries SEZ, Mahindra World City, Sanganer
    Phone: 0141-7191000
    Email: [email protected]

    Global Surfaces IPO Registrar

    Bigshare Services Pvt Ltd
    1st Floor, Bharat Tin Works Building,
    Opp. Vasant Oasis,Makwana Road,
    Marol, Andheri(E), Mumbai - 400 059
    Phone: +91-22-6263 8200
    Email: [email protected]

    Global Surfaces IPO Lead Manager

    1. Unistone Capital Pvt Ltd
    Global Surfaces IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Global Surfaces? Should I apply in Global Surfaces IPO?

    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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    Apply in Global Surfaces IPO online

    To subscribe or apply in Global Surfaces IPO, you can use the following methods:

    Global Surfaces IPO Applying ModeMethodDetails
    Online Application3-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 Application2-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 ApplicationASBA

    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 ApplicationPhysical 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

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 100 and max 1400 shares (14 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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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.

    Other relevant questions:

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    Global Surfaces IPO Allotment Date is 20-03-2023.

    Other relevant questions:

    Global Surfaces IPO share allotment date?Global Surfaces IPO allotment date?


    User Reviews

    6. Renuka Biradr Mar 22 2023 11:52:18 PM Reply
    I m not recived shares still

    As it is i got allotment

    When i get shares
    5. Neal Mar 01 2023 01:30:08 AM Reply
    Global Surfaces IPO expected listing gain.
    4. Kishan Behl Mar 01 2023 01:30:08 AM Reply
    Please confirm Global Surfaces IPO GMP (grey market premium) and kostak.
    3. Sanket Mar 01 2023 01:30:08 AM Reply
    Global Surfaces IPO good or bad.
    2. Anoop kumar jain Mar 01 2023 01:30:08 AM Reply
    Global Surfaces IPO whether to invest or not.
    1. MRS. SAVITHRI RAJAN Mar 01 2023 01:30:08 AM Reply
    Global Surfaces IPO - CRISIL Rating, Apply or not?.