Global Surfaces Limited 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. Engineered quartz which is a composite material made up of crushed stone bonded by an adhesive.
Global Surfaces has two units, one located at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan and the other at Mahindra World City SEZ, Jaipur, Rajasthan for processing and manufacturing of our products. Company’s Unit I which is admeasuring 20,488 sq. mtrs. is located at Bagru, Jaipur, Rajasthan. And Unit II is spread across 24,139.08 sq. mtrs. is Mahindra World City SEZ, Jaipur, Rajasthan.
Global Surfaces products have application in the flooring, wall cladding, countertops, cut-to size and other items. Company’s products are used in both commercial and residential industry and are sold within and outside India. Global Surfaces is focused on exporting our products and have exported to the United States of America, Canada, Australia and Middle East.
Global Surfaces wholly owned subsidiary, Global Surfaces FZE, intend to establish a dedicated unit for manufacturing engineered quartz at Dubai, UAE. Global Surfaces FZE has taken on lease a parcel of land admeasuring 39,657.63 square meters situated at Plot no. S-50902, The Jebel Ali Free Zone, Dubai, UAE for a period of twenty years where it has been granted a rent-free lease period till June 13, 2023.
Global Surfaces IPO – Details
| IPO Opening Date | 13 March 2023 |
| IPO Closing Date | 15 March 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1,10,70,000 Shares Worth ₹₹154.98 Crore Fresh Issue: 85,20,000 Shares Worth ₹119.28 Crore Offer For Sale: 25,50,000 Shares Worth ₹35.7 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹133 – ₹140 |
| Market Lot | 100 Shares (1 Lot) |
| Min Order | 100 Shares |
| Listing At | BSE, NSE |
| Register | Bigshare Services Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Global Surfaces IPO – Date Schedule
| IPO Open Date | 13 March 2023 |
| IPO Close Date | 15 March 2023 |
| Basis of Allotment | 20 March 2023 |
| Initiation of Refunds | 21 March 2023 |
| Credit of Shares to Demat Account | 22 March 2023 |
| IPO Listing Date | 23 March 2023 |
Global Surfaces IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | 14,000 |
| Retail (Max) | 14 | 1400 | 1,96,000 |
| S-HNI (Min) | 15 | 1500 | 2,10,000 |
| B-HNI (Min) | 72 | 7200 | 10,08,000 |
Competitive Strengths
- 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.
Company Promoters
- Mr. Mayank Shah
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 165.78 | 145.05 | 20.96 |
| 31 March 2021 | 179.00 | 144.47 | 33.93 |
| 31 March 2022 | 198.35 | 162.25 | 35.63 |
| 30 September 2022 | 99.24 | 85.02 | 13.58 |
Object Of The Issue
- Investment in Global Surfaces FZE for part-financing its capital expenditure requirements in relation to the setting up of the Proposed Facility.
- General corporate purposes.
Global Surfaces IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Pokarna Limited | 29.53 |
Global Surfaces IPO Strengths
- The company has a strong presence in the domestic and international market.
- They have grown from a single category product company to a multi-category product company.
- The company’s future plans include expanding both its market and product categories.
Global Surfaces IPO Risks
- A risk may arise if the company fails to maintain its relationships with its customers which constitutes the major part of its revenue.
- Volatility in raw material & component prices or availability could have a negative impact on their business.
- They don’t enter into long term agreements with their buyers and suppliers which can disrupt the business in future.
- Their export revenue coming primarily from the USA can get affected by the changes in economic and political relationships between the countries.
Global Surfaces IPO Promoter Holding
| Pre Issue Share Holding | 99.35% |
| Post Issue Share Holding | 73.36% |
Global Surfaces IPO Prospectus
Company Contact Information
| Global Surfaces Limited Plot No. PA-10-006 Engineering and Related Industries SEZ, Mahindra World City Tehsil-Sanganer Jaipur – 302 037, Rajasthan Phone: +91141-7191000 Email: cs@globalsurfaces.in Website: www.globalsurfaces.in |
Global Surfaces IPO Registrar
| Bigshare Services Private Limited Tel. No: 022-62638200 E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com |
Global Surfaces IPO Lead Manager(s)
| 1. Unistone Capital Private Limited |
Global Surfaces IPO FAQs
| What is Global Surfaces IPO? Global Surfaces IPO is a main-board IPO. The issue is priced at ₹133 to ₹140 per equity share. The IPO is to be listed on BSE & NSE. |
| When Global Surfaces IPO will open? The IPO is to open on 13 March 2023 for QIB, NII, and Retail Investors. |
| What is Global Surfaces IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Global Surfaces IPO? You can apply Global Surfaces IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Global Surfaces IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Global Surfaces”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Global Surfaces IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Global Surfaces”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Global Surfaces IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Global Surfaces”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Global Surfaces IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Global Surfaces”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Global Surfaces IPO Size? Global Surfaces IPO size is ₹154.98 Cr. |
| What is Global Surfaces IPO Price Band? Global Surfaces IPO Price Band is ₹133 to ₹140. |
| What is Global Surfaces IPO Minimum and Maximum Lot Size? The minimum bid is 100 Shares with ₹14,000 amount while the maximum bid is 1400 shares with ₹1,96,000. |
| What is the Global Surfaces IPO Allotment Date? Global Surfaces IPO allotment date is 20 March 2023. |
| What is the Global Surfaces IPO Listing Date? Global Surfaces IPO listing date is 23 March 2023. The IPO is to list on BSE and NSE. |
