Global Surfaces Limited

GSLSU

₹133-140

per share

Bidding Dates
13-15 Mar
Min. Investment
₹13,300.00
Lot Size
100 shares
Issue Size
₹155 Cr

IPO Timeline

Bidding starts

13 Mar ‘23

Bidding ends

15 Mar ‘23

Allotment finalisation*

20 Mar ‘23

Refund initiation*

21 Mar ‘23

Demat transfer

22 Mar ‘23

Listing

23 Mar ‘23

* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

How to check the Global Surfaces Limited IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.

Here’s a step-by-step guide on how to check the Global Surfaces Limited IPO allotment status:

Login to your Upstox account, using your six-digit PIN
After logging in, click on ‘Discover’
On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
Under the Invest in IPO section, you will find the ‘View all’ option
Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
In the ‘IPO’ tab, click on ‘My applications’
In ‘My applications’, under the History section, your Global Surfaces Limited IPO allotment status will be mentioned

About Global Surfaces Limited IPO

Incorporated in 1991, Global Surfaces is engaged in the processing of natural stones and manufacturing engineered quartz. Natural stones are produced through complex geological processes. These stones are known for their unique texture, aesthetic appeal and colours and include several products like granite, marble and limestone.

These products have applications in flooring, wall cladding, countertops and other items and are used in both commercial and residential industries. According to industry reports, the market for natural and engineered stone is expected to reach $105,265 million by 2030.

The company has two strategically located manufacturing units in Rajasthan to process and manufacture its products. The company’s business model aims to consistently expand its product portfolio by developing new designs. Meanwhile, the export market constitutes a large part of its revenue. In FY22, export sales contributed 94.5% to the total income from operations. Meanwhile, the United States of America, Canada, Australia and the Middle East are major exporting countries.

Global Surfaces IPO will combine a fresh issue and an offer for sale. The money raised through the fresh issue will be used to fund capital expenditure plans, including the set up of a manufacturing facility in Dubai to further expand its presence in the international markets.

Here are key details about the Global Surfaces IPO:

Company Name	Global Surfaces Limited	Company Type	Private
Company Established On	1991	Global Surfaces IPO Opening Date	13 March 2023
Global Surfaces IPO Closing Date	15 March 2023	Global Surfaces IPO Allotment Status	20 March 2023
Credit of Shares to the Demat Account	22 March 2023	Global Surfaces IPO Listing Date	23 March 2023
Global Surfaces IPO Face Value	₹ 10	Global Surfaces IPO Lot Size	100
Global Surfaces IPO Issue Size	₹ 155 crore	Global Surfaces IPO to be Listed on	BSE, NSE
Global Surfaces IPO Price band	₹133 - ₹140

Financial snapshot

Particulars	FY 20	FY 21	FY 22	6M FY23
Revenue	₹ 163 crore	₹ 175 crore	₹ 190 crore	₹ 97.9 crore
Net Profit	₹ 20.9 crore	₹ 33.9 crore	₹ 35.7 crore	₹ 13.5 crore

Here’s a quick look at Global Surfaces Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

Since its inception, Global Surface has grown from a single category to multi-category company.
Company offers a wide range of products which helps it meet customer demand and effectively compete with other companies.
Its revenue from operations has grown at a CAGR of over 21% in the last 11 years.
Company has an in-house R&D facility that focuses on developing good quality and cost-efficient products.

Risks and threats

It doesn't have long-term agreements with its buyers and suppliers, which can adversely impact the business if any existing arrangements get cancelled.
Major part of the revenue comes from exports. Hence, any global political event or economic slowdown could impact business.

Global Surfaces Limited IPO details

| Global Surfaces Limited IPO date

The offer document filed by the company with the SEBI mentions that the Global Surfaces IPO’s opening date – in other words, the Global Surfaces IPO launch date – will be 13th March 2023. The Global Surfaces IPO closing date is 15th March 2023. After this, investors will be updated about the allotment status on 20th March 2023.

Investors, who have been allotted shares, can expect them to be credited to their demat account on 22 March 2023. The Global Surfaces IPO listing date is 23 March 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.

| Global Surfaces Limited IPO Price Band

The entire IPO is a book-built issue. The Global Surfaces IPO price band has been set between ₹133 and ₹140 per share. Interested investors can choose a price within this band to apply for the IPO.

The Global Surfaces IPO listing price will be determined on 23rd March 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.

| Global Surfaces Limited IPO Lot size

The Global Surfaces IPO details have been declared. The Global Surfaces IPO lot size is set at 100 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Global Surfaces IPO issue size is approx ₹155 crore.

How to apply for the Global Surfaces Limited IPO?

If you are interested in this investment opportunity but unsure how to apply for the Global Surfaces Limited IPO, here are the steps that you need to follow.

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Global Surfaces Limited IPO on Upstox:

Log in to your Upstox account, using your six-digit PIN
After logging in, click on ‘Discover’
On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
Under the Invest in IPO section, look for the ‘Global Surfaces IPO’ tab and click on it
Now fill in all the required information, like ‘bid price’ and ‘lot size’
Confirm and click on ‘Apply’
Accept the mandate on your UPI app

Open a demat account with Upstox to apply for the Global Surfaces Limited IPO

To apply for the Global Surfaces Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

Click here to visit the demat account opening page on the Upstox website.
Enter your phone number and other essential details
Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque and your bank statement as needed
Complete the e-verification using the OTP sent to your registered mobile number

This is all it takes to open a demat account with Upstox. Easy and quick, right?

Upstox – trading app to apply for the Global Surfaces Limited IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.

You can apply for the Global Surfaces IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.

In fact, due to its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

IPO analysis

All you need to know!

Registrar information

Name

Bigshare Services Private Limited

Phone number

+9122 6263 8200

Email ID

ipo@bigshareonline.com

Red herring prospectus

View documents submitted by company in filing to understand more details about them.

FAQs

How can you pre-apply for the Global Surfaces IPO?

Pre-applying for the Global Surfaces IPO means applying for this public issue before it goes live. Click here to pre-apply for the Global Surfaces IPO on Upstox

When does pre-apply for the Global Surfaces IPO open and how can you pay for it?

You can pre-apply for the Global Surfaces IPO from 10th March 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid

How to apply for the Global Surfaces IPO?

You can apply on Upstox’s website and app once the Global Surfaces IPO opens for the subscription

When does the Global Surfaces IPO open and close for the subscription?

The Global Surfaces IPO launch date is 13th March 2023. The Global Surfaces IPO will be open for subscription till 15th March 2023

What’s the lot size and minimum investment needed for the Global Surfaces IPO?

The Global Surfaces lot size is 100 shares and the minimum investment required is ₹13,300

What is the price band for the Global Surfaces IPO?

The Global Surfaces IPO price band is ₹133-₹140 per share

What’s the size of the Global Surfaces IPO?

The size of the Global Surfaces IPO is approx. ₹155 crore

How many bids can I place for the Global Surfaces IPO?

You can place up to three bids for an application

Can these bids be placed at different times during the IPO subscription period?

No, the bids have to be placed in one go. If you want to add a bid, then you would have to delete your application and re-apply

When will Global Surfaces shares be credited to your demat account?

If shares are allotted, then they will be credited to your demat account on 22 March 2023

Which exchanges will Global Surfaces shares list on?

Global Surfaces shares will list on NSE and BSE

When will Global Surfaces shares list on the exchanges?

Global Surfaces shares’ listing date is 23rd March 2023