74  Total SME IPOs listed in 2025

3,229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

Global Surfaces IPO (Global Surfaces Limited IPO) Detail

Global Surfaces IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 154.98 Cr. The company is based in Jaipur and caters to Ceramic And Stone sector. Unistone Capital is the merchant banker of Global Surfaces IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 26th June 2022.

Global Surfaces IPO open date is 13th March 2023 and close date is 15th March 2023. IPO Allotment Date is 20th March 2023 and Listing date is 23rd March 2023.

IPO Category : MainBoard
Exchange : BSE,NSE
Issue Type : Book Building

IPO Key Highlights

  • IPO Size: ₹ 154.98 Cr. Avg IPO Size (Sector Based) : ₹ 107.99 cr.
  • Sector: Ceramic And Stone IPO so far: 4
  • Merchant Banker: Unistone Capital IPO by BRLM so far: 13
  • City: Jaipur IPO so far: 10
  • Revenue (annualised): ₹ 198.50 cr.
            PAT: (annualised): ₹ 27.18 cr. Read Financial Information >>
  • PE Ratio: 21.84x Average Sector PE Ratio: 17.79x

Global Surfaces IPO Date

Date of DRHP:
26th June 2022
IPO Open Date:
13th March 2023
IPO Close Date:
15th March 2023
IPO Allotment Date:
20th March 2023
Initiation of Refund:
21st March 2023
IPO Listing Date:
23rd March 2023

Global Surfaces IPO Info, Size, Subscription

Global Surfaces IPO size is ₹ 154.98 Cr. with IPO price of ₹ 140.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 154.98 Cr.

Issue Price:
₹ 140.00

Market Capitalisation :
₹ 593.35 Cr.

PE multiple :
21.84

Subscription :
12.21 times

Pre Issue Promoter Holding :
99.35 %

Post Issue Promoter Holding :
0.00 %

Global Surfaces IPO Information

Sub Sector : business of processing natural stones and manufacturing engineered quartz.
Global Surfaces Limited is engaged in the business of processing natural stones and manufacturing engineered quartz. Natural stones, produced by complex geological processes, include products like granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others, which are quarried from the earth. These stones are known for their uniqueness, aesthetic appeal, texture, color, and composition, with no two stones being the same. Engineered quartz, on the other hand, is a composite material made from crushed stone bonded by an adhesive, commonly used in the countertop industry. The slabs are made from quartz crystals bonded with a resin binder. In 2021, the global natural and engineered stone market was valued at $60,148 million and is projected to reach $105,265 million by 2030. The natural stone segment
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Object of Issue (Global Surfaces IPO Objectives)

  • 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).
  • General Corporate Purposes

Unistone Capital Private Limited is the book-running lead manager of the Global Surfaces IPO. Bigshare Services Private Limited is the Registrar for Global Surfaces IPO.

Global Surfaces IPO Registrar (RTA)

Bigshare Services Private Limited

Global Surfaces IPO Lead Manager (BRLM)

Unistone Capital Private Limited

Global Surfaces IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is Global Surfaces IPO?

Global Surfaces IPO, based in Jaipur, operates in the   Ceramic And Stone sector with a focus on business of processing natural stones and manufacturing engineered quartz.. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Global Surfaces IPO size is ₹ 154.98 Cr. with fresh issue size of ₹ 119.28 Cr. and Offer for sale being ₹ 35.70Cr.

When is Global Surfaces IPO allotment?

The IPO allotment date for Global Surfaces IPO is expected to be 20th March 2023, after the finalization of basis of allotment. Investors can check Global Surfaces IPO allotment status on the registrars website, Bigshare Services Private Limited . Global Surfaces IPO refund dates are 21st March 2023.

When is Global Surfaces IPO listing date?

Global Surfaces IPO is expected to be listed on 23rd March 2023.

What is the price band for Global Surfaces IPO?

The upper price band for the Global Surfaces IPO is set at ₹ 140.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is Global Surfaces IPO Review?

For IPO analysis on Global Surfaces IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for Global Surfaces IPO?

To apply for the Global Surfaces IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 15th March 2023. After submission, funds are blocked until the basis of allotment of Global Surfaces IPO is finalised.

Who is the merchant banker of Global Surfaces IPO?

The merchant banker for Global Surfaces IPO is Unistone Capital Private Limited . Unistone Capital Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Global Surfaces IPO RHP for further details.

Who is the Registrar of Global Surfaces IPO?

The registrar for Global Surfaces IPO is Bigshare Services Private Limited . Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Global Surfaces IPO through their official website or helpline.

What is the Global Surfaces IPO subscription?

Global Surfaces IPO was subscribed 12.21 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

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FAQs

Global Surfaces IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Global Surfaces Financial Review Page

Global Surfaces IPO subscription was 12.21 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Global Surfaces IPO listed at a listing price of 172.00 against the offer price of 140.00.

The current market price of Global Surfaces is 128.94.

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