Global Surfaces Limited IPO : Major Highlights

Global Surfaces Limited IPO is set to launch on 13 March, 2023. The company initiated its business operations in 1991. It is involved in the processing of natural stones and manufacturing of engineered quartz. Global Surfaces Limited has two manufacturing facilities. One is located in RIICO Industrial Area, Rajasthan and the other one is located at Mahindra World City SEZ, Rajasthan. 

The products manufactured by Global Surfaces Limited are utilised for Wall Cladding, Flooring, Cut to size, Countertops etc. Its products are used for both residential and commercial spaces. The sale of Global Surfaces Limited’s products are present in domestic as well as international markets.

Global Surfaces Limited IPO DETAILS

Global Surfaces Limited IPO is set to launch on 13 March., 2023. The subscription timeline extends till 15 March, 2023. The size for the IPO is 154.98 Crore Rs. Shares issued through fresh issue mode are worth 119.28 Crore Rs. Shares issued through offer for sale mode are worth Rs. 35.70 Crore. The lot size is 100 shares and the price is 133 to 140 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Bigshare Services Private Limited.

Tabular Description of Global Surfaces Limited IPO

IPO OPENING DATE	14 March., 2023
CLOSING DATE FOR IPO	15 March, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	133 to 140 Rs per share
LOT SIZE	100 shares
MINIMUM ORDER QUANTITY	100 shares
ISSUE SIZE	154.98 Crore Rs.
OFFER FOR SALE	119.28 Crore Rs.
FRESH ISSUE	35.70 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	23 March, 2023

Global Surfaces Limited IPO : IMPORTANT DATES

IPO OPENING DATE	13 March., 2023
CLOSING DATE FOR IPO	16 March., 2023
IPO ALLOTMENT DATE	21 March, 2023
REFUNDS	22 March, 2023
DEMAT A/C CREDITED ON	23 March, 2023
IPO LISTING DATE	24 March, 2023

Global Surfaces Limited IPO begins for subscription from 13 March., 2023. The IPO subscription would continue till 15 March, 2023. The allotment status for the shareholders who applied would come on 20 March, 2023. The refunds for the ones who did not get allotment would be initiated on 21 March, 2023. The DEMAT accounts of shareholders would be credited on 22 March, 2023. The listing of the company would be accompanied on 23 March, 2023.

Global Surfaces Limited IPO : Lead Managers

The lead managers are :

• Unistone Capital Private Limited

The minimum lot size for the company is decided at 100 shares. This holding accounts to 14000 Rs.. The maximum lot size is decided at 1400 shares. This amounts to 196000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	100 shares	14000 Rs.
Maximum	1400 shares	196000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The money raised will be also utilised for the working capital requirements.
• The company is planning to set up a manufacturing facility at Dubai (UAE) for engineered quartz. The money would be used for this purpose as well. This would be done via a subsidiary Global Surfaces FZE.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2019-20	2020-21	2021-22
ASSETS	129	159	237
Revenue	166	179	198
PAT	21	34	36

Global Surfaces Limited had an asset base of 129 Crore Rs in 2020. The assets of the company are constantly rising. In 2021 the asset was increased to 159 Crore Rs and that in 2022 was 237 Crore Rs. The revenue stream on the other hand was 166 Crore Rs in 2020, 179 Crore Rs in 2021 and 198 Crore Rs in 2022. Hence like assets the revenue of the firm is also increasing consistently. The company has been profitable for the last 3 years. The prodigy of the firm was 21 Crore Rs in 2020, 34 Crore Rs in 2021 and 36 Crore Rs in 2022.

PROS

• Global Surfaces Limited has two manufacturing facilities. One is located in RIICO Industrial Area, Rajasthan and the other one is located at Mahindra World City SEZ, Rajasthan.
• The products manufactured by Global Surfaces Limited are utilised for Wall Cladding, Flooring, Cut to size, Countertops etc.
• Its products are used for both residential and commercial spaces.
• The sale of Global Surfaces Limited’s products are present in domestic as well as international markets.

CONS

• The company works in a competitive market segment.

Global Surfaces Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Global Surfaces Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.