Global Surfaces IPO GMP | Details, Date, Price, Review

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Table of Contents

Global Surfaces IPO Details ( Global Surfaces Limited IPO Review )

(13 Mar 2023 – 15 Mar 2023)

Global Surfaces Limited, which was established in 1991, is involved in the processing of natural stones as well as the production of engineered quartz.

Natural stones undergo intricate geological processes and give rise to diverse products such as granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and more, which are extracted from the earth through quarrying.

The company operates from two units, one situated at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan, and the other at Mahindra World City SEZ, Jaipur, Rajasthan. Both units are involved in the processing and manufacturing of the products.

Global Surfaces Limited’s products are utilized for various purposes such as flooring, wall cladding, countertops, cut-to-size, and other items. These products find extensive usage in both commercial and residential sectors, and are sold domestically as well as internationally.

Global Surfaces Limited Company Product:

  • Natural Stones
    • Marble
    • Granite
    • Quartzite and others
  • Engineered Stones
    • Engineered quartz
    • Polymer concrete and
    • Engineered marble

Global Surfaces IPO Competitive Strength

  • Consistent Growth
  • Wide product portfolio and multiple designs
  • Established presence in international markets
  • Experienced and result oriented Promoter
  • Synergy of young and experienced management team with a committed employee base
  • Effective quality checks thereby reducing loss
  • R&D set up for new product development

Global Surfaces IPO Financials Performance ( Results )

Global Surfaces Limited Financial Information ( Restated Consolidated )

All Amount in ₹ Crores

Period EndedTotal AssetsTotal RevenuePATEPSNet WorthNAVReservesBorrowing

Objective of IPO Issue

  • 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.

Global Surfaces IPO Basic Details

IPO DateMar 13, 2023 to Mar 15, 2023
Listing DateFriday, March 23, 2023
Face Value₹10 per share
Price₹133 to ₹140 per share
Lot Size100 Shares
Issue Size11,070,000 shares of ₹10
(aggregating up to ₹154.98 Cr)
Fresh Issue8,520,000 shares of ₹10
(aggregating up to ₹119.27 Cr)
Offer for Sale2,550,000 shares of ₹10
(aggregating up to ₹35.71 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
QIB Shares Offered50% of the Offer
NII (HNI) Shares Offered15% of the Offer
Retail Shares Offered35% of the Offer
Company PromotersMayank Shah is the Promoter
of the Company.

Global Surfaces IPO Timetable

Global Surfaces IPO will open on Mar 13, 2023 and close on Mar 15, 2023. You can join Global Surfaces IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening DateMar 13, 2023
Closing DateMar 15, 2023
Basis of AllotmentMar 20, 2023
Initiation of RefundsMar 21, 2023
Credit of Shares to DematMar 22, 2023
Listing DateMar 23, 2023

Global Surfaces IPO Lot Size

For retail investors in Global Surfaces IPO, 100 shares will come in 1 lot or the minimum investment will be ₹14,000. Retail-individual investors can apply for up to 14 lots or the maximum investment will be ₹196,000.

Retail (Min)1100₹14,000
Retail (Max)141400₹196,000
S-HNI (Min)151500₹210,000
B-HNI (Min)7272,000₹1,008,000

Global Surfaces IPO Promoter Holding

Pre Issue Share Holding99.35%
Post Issue Share Holding

Global Surfaces IPO Valuation – FY2022

Earning Per Share (EPS)₹10.52 per Equity Share
Price/Earning P/E Ratio
Return on Net Worth (RoNW)26.59%
Net Asset Value (NAV)₹39.58 per Equity Share
Upper Price/Book Value (Price/BV) Ratio

Global Surfaces Ltd Peer comparison

Company NameCPMFace
Global Surfaces
Peer Group
Pokarna Limited301225.2529.5317.67142.851.89

Global Surfaces IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
16 March 2023₹18
15 March 2023₹18
14 March 2023₹15
13 March 2023₹35
12 March 2023₹35
11 March 2023₹35
10 March 2023₹35
09 March 2023₹40
08 March 2023₹37
07 March 2023₹0
06 March 2023₹0
05 March 2023₹0

Global Surfaces IPO Detail Video:

Global Surfaces IPO Subscription Status (Bidding Detail)

The Global Surfaces IPO on Mar 15, 2023 at 7:02:00 PM was subscribed 12.21 times, with the retail category being subscribed 3.94 times, the NII (Non-Institutional Investor) category being subscribed 33.10 times and the QIB (Qualified-Institutional Buyers) category being subscribed 8.95 times.


Global Surfaces IPO Prospectus

Global Surfaces IPO DRHPDownload
Global Surfaces IPO RHPDownload

Global Surfaces IPO Rating

Our Rating2.0/5.0

Global Surfaces Compnay Contact Information

Global Surfaces Limited

Registered Office: Plot No. PA-10-006 Engineering and Related Industries SEZ,
Mahindra World City Tehsil-Sanganer Jaipur-302037, Rajasthan
Telephone: +91 0141-7191000;
Contact Person: Aseem Sehgal, Company Secretary and Compliance Officer
Corporate Identity Number: U14100RJ1991PLC073860

Global Surfaces IPO Registrar


Registered Office: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East), Mumbai – 400 093, Maharashtra, India.
Telephone: 022-62638200
Facsimile: 022-63638280
Investor grievance email:
Contact Person: Mr. Jibu John
SEBI Registration Number: INR000001385
CIN: U99999MH1994PTC076534U6

Global Surfaces IPO Lead Manager


Registered Office: A/ 305, Dynasty Business Park, Andheri-Kurla Road,
Andheri East, Mumbai – 400 059, India.
Telephone: +91 9820057533
Investor grievance email:
Contact Person: Mr. Brijesh Parekh
SEBI registration number: INM000012449
CIN: U65999MH2019PTC330850

Global Surfaces IPO FAQs

What is the lot size of Global Surfaces IPO?

The total size of Global Surfaces IPO is ₹154.98 crores out of which ₹119.27 crores is fresh issue and ₹35.71 crores is offer for sale (OFS).

When will Global Surfaces IPO start?

Global Surfaces IPO will Open from 13 March 2023 and IPO will Close on 15 March 2023.

What is the open date of Global Surfaces IPO?

Global Surfaces IPO will start from 13 March 2023.

What is the last date ( close date ) of Global Surfaces IPO?

Global Surfaces IPO will close from 15 March 2023.

What is the price band of Global Surfaces IPO?

Global Surfaces IPO price band is ₹133 to ₹140 per share. ( Upper Price Band: ₹140, Lower Price Band: ₹133 )

What is the minimum amount required to apply for Global Surfaces IPO?

The minimum investment for retailers to apply for Global Surfaces IPO is ₹14,000 and the maximum investment is ₹196,000.

What is going on gray market premium of Global Surfaces IPO?

View gray market premium of Global Surfaces IPO by Clicking Here

How much is the GMP of Global Surfaces IPO?

Watch Global Surfaces IPO GMP Today: Click Here

What is the allotment date of Global Surfaces IPO?

The allotment date of Global Surfaces IPO is 20 March 2023.

How to check allotment status in Global Surfaces IPO?

To check the allotment status of Global Surfaces IPO, first of all go to the registrar website by clicking here, select your bad Global Surfaces IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Global Surfaces IPO?

The listing date of Global Surfaces IPO is 23 March 2023.

How much will be the listing gain in Global Surfaces IPO?

View listing gain of Global Surfaces IPO by Clicking Here

How much time Global Surfaces IPO is subscribed?

Total 12.21 times subscribed in Global Surfaces IPO out of which 5.12 times subscription was done in retail quota, 8.95 times subscription in QIB quota and 33.10 times subscription in NII quota.

How to apply for Global Surfaces IPO from Upstox?

Click Here to see how to apply for Global Surfaces IPO from Upstox. (step by step)

How to apply for Global Surfaces IPO from Zerodha?

Click Here to see how to apply for Global Surfaces IPO from Zerodha. (step by step)

How to apply for Global Surfaces IPO from Angle One?

Click Here to see how to apply for Global Surfaces IPO from Angle One. (step by step)

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