Global Surfaces Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 5,535,000 (50%) | — | ₹7,749 Cr |
| NII (HNI) | — | 1,660,500 (15%) | — | ₹2,325 Cr |
| Retail | — | 3,874,500 (35%) | — | ₹5,424 Cr |
| Σ Total | — | 11,070,000 (100%) | — | ₹154,980 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹14,000 |
| Retail (Max) | 13 | 1,300 | ₹182,000 |
| S-HNI (Min) | 14 | 1,400 | ₹196,000 |
| B-HNI (Min) | 67 | 6,700 | ₹938,000 |
Financial Statements Amount in Crore
| Metric | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Revenue | 166 | 179 | 198 |
| Profit After Tax | 21 | 34 | 36 |
| Net Worth | 64 | 98 | 134 |
| Total Assets | 129 | 159 | 236 |
| Reserves & Surplus | 58 | 92 | 100 |
| Total Borrowing | 53 | 37 | 37 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Investment in our wholly owned subsidiary, Global Surfaces FZE for part-financing its capital expenditure requirements in relation to the setting up of manufacturing facility for engineered quartz at The Jebel Ali Free Zone, Dubai, United Arab Emirates (“UAE”) (“Proposed Facility”) – 90.00
- 2 General corporate purposes – 11.58
Company Overview
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.