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Global Surfaces Limited IPO
Issue Size (Net)
up to Rs. 154.98 Cr
Price Band
Rs.133 to Rs.140 per share
Issue Opens
13-Mar-23
Issue Closes
15-Mar-23

Company Highlights

1.Company Information

Incorporated in 1991, Global Surfaces Limited is engaged in processing natural stones and manufacturing engineered quartz.

Natural stones are produced through complex geological processes and forms various products like granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth.

The company has two units, one located at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan, and the other at Mahindra World City SEZ, Jaipur, Rajasthan. Both units engage in the processing and manufacturing of the products

The products of Global Surfaces Limited have applications in flooring, wall cladding, countertops, cut-to-size, and other items. The products are widely used for commercial and residential industries and are sold within and outside India.

2. Objective of the Issue
The Company proposes to utilize the Net Proceeds towards funding of the following objects:

1.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);

2. General corporate purposes.

Global Surfaces IPO Registrar
Bigshare Services Pvt Ltd

Phone:+91-22-6263 8200

Email:ipo@bigshareonline.com

Website:https://www.bigshareonline.com/

Global Surfaces Limited Financial Information (Restated Consolidated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-20
128.73
165.78
20.96
64.48
58.03
53.49
31-Mar-21
159
179
33.93
98.43
91.98
37.46
31-Mar-22
236.48
198.36
35.63
134.04
100.17
37.28
30-Sep-22
280.2
99.25
13.59
148.93
115.07
50.52
Amount in Rs. Crore

Global Surfaces IPO Details

Issue Opening Date
13 Mar-23
Issue Closing Date
15 Mar-23
Face Value
Rs.10 per share
Price
Rs.133 to Rs.140 per share
Lot Size
100 Shares
Issue Size
11,070,000 shares of Rs.10 (aggregating up to ₹[.] Rs. 154.98 Cr)
Fresh Issue
8,520,000 shares of Rs. 10 (aggregating up to Rs.[.] Cr)
Offer for Sale
2,550,000 shares of Rs. 10 (aggregating up to Rs. [.] Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
QIB Shares Offered
Not more than 50% of the Offer
NII (HNI) Shares Offered
Not less than 15% of the Net Offer
Retail Shares Offered
Not less than 35% of the Net Offer
Company Promoters
Mayank Shah is the Promoter of the Company.

Prospectus

Prospectus File

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Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

Landline Number
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Customer Care
+919350316010

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