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:
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:
Here’s a quick look at Global Surfaces Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths and opportunities
Risks and threats
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:
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:
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.
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
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
You can apply on Upstox’s website and app once the Global Surfaces IPO opens 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
The Global Surfaces lot size is 100 shares and the minimum investment required is ₹13,300
The Global Surfaces IPO price band is ₹133-₹140 per share
The size of the Global Surfaces IPO is approx. ₹155 crore
You can place up to three bids for an application
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
If shares are allotted, then they will be credited to your demat account on 22 March 2023
Global Surfaces shares will list on NSE and BSE
Global Surfaces shares’ listing date is 23rd March 2023