IPO Details

Bidding Dates

13 Mar '23 - 15 Mar '23

Minimum Investment

₹14,000 / 1 Lots ( 100 Shares )

Price Range

₹133 - ₹140

Maximum Investment

₹196,000 / 14 Lots ( 1400 Shares )

Retail Discount

To be announced

Issue Size

₹154.98 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

ARQ IPO Prediction

Listing gain & Over subscription prediction

Over-Subscribed 12.16x

Angel Subscribed 0.0K

Chances of listing gains & oversubscription


Updated 45mins ago


View Subscriptions View All

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Mar 13, 2023

IPO Close Date

Mar 15, 2023

IPO Allotment Date

Mar 20, 2023

Initiation Of Refunds

Mar 21, 2023

Credit Of Shares To Demat Account

Mar 22, 2023

IPO Listing Date

Mar 23, 2023

IPO Subscription Details


Day 1Mar 13, 2023

0.01 0.57 0.62 0.42

Day 2Mar 14, 2023

0.04 1.65 1.45 1.09

Day 3Mar 15, 2023

8.96 33.06 5.05 12.16

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyer 8.96
Non-Institutional Buyers 33.06
Retail Investors 5.05
Employees [.]
Others [.]
Total 12.16

About Company

The company processes natural stores and manufactures engineered quartz. They have two product units located in Jaipur, Rajasthan. 

Natural stone harvesting involves a complex geographical process and is desired for uniqueness, aesthetic appeal, texture, colour, and composition. On the other hand, granite is used widely as a kitchen countertop. The products from Global Surface have wide applications in flooring, wall cladding, countertops, cut-to-size, and other items. 

The company exports to the United States of America, Canada, Australia and the Middle East, deriving 99% of its revenue from the export business.

Global Surfaces Ltd. IPO Objective

  • The fund raised by selling fresh equity shares will be utilised to invest in the wholly owned subsidiary and part financing constructing another manufacturing unit in the Jebel Ali Free Zone, Dubai, United Arab Emirates (UAE).
  •  General corporate purposes. 

Why should you invest in Global Surfaces Ltd. IPO?

Here are your top reasons for investing in the IPO:

  • They have transitioned from a single-stone to a multi-stone manufacturing company, offering a diversified product portfolio.
  • Exports constitute 99.13% of their operating revenue in FY22. In international markets, they primarily cater to the United States of America, Canada, Australia, and the Middle East.
  • They have dedicated in-house R&D teams for developing new products and designs to cater to the diversified customer base.

Global Surfaces Company Financials

Parameters Period Ending on September 30, 2022 (₹ lakhs) Year ending on 31st March, 2022 (₹ lakhs) Year ending on 31st March, 2021 (₹ lakhs)
Revenue from operation 1903.13 1753.71 1632.91
Profit After Tax 356.34 339.32 209.64
EBITDA 418.04 474.33 403.16
EBITDA Margin 21.97 27.05 24.69
EPS (Basic) 10,52 10.02 6.59
Period Ended Year ending on As on 31st March, 2022 Year ending on As on 31st March, 2021 Year ending on As on 31st March, 2020
Current Asset 1,161 876.77 589.60
Current Liabilities 491.21 528.86 499.86

Know before investing


  1. They have robust financials with revenue from operation and profit recording growth in the past three fiscals.

  2. The company is expanding to new international markets.

  3. They have robust financials with revenue from operation and profit recording growth in the past three fiscals.


  1. The top ten customers contribute the majority of revenue.

  2. They don’t have long-term agreements with their customers and suppliers, which can impact future profitability.

  3. It is an export-driven business. Hence, international market conditions can directly impact the company’s profitability.

  • How to Apply in IPO
  • How to Check IPO Allotment Status


Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process


Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Global Surfaces IPO FAQs

What is Global Surfaces Ltd. IPO?

Global Surfaces Ltd. SME IPO will open for subscription on March 13, 2023. The company proposes to raise ₹154.98 crore from the sale of fresh equity shares and OFS of 2,550,000 equities.

When will Global Surfaces Ltd. IPO allotment be available?

The basis of allotment date is March 20, 2023.

What will be the Global Surfaces Ltd. IPO lot size?

One lot of Global Surfaces Ltd. IPO has 100 shares.

When will Global Surfaces Ltd. IPO open for subscription?

The IPO will open on March 13, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot and a maximum of fourteen lots.

When will Global Surfaces Ltd. list on exchanges?

The listing date of Global Surfaces Limited on BSE & NSE is March 23, 2023.

How to check the allotment status of Global Surfaces Ltd. IPO?

You can check the allotment status of your IPO application from the Angel One app.

To check the allotment status, enter the application number, DP ID, and PAN number into the app.

What would be the listing gains on the Global Surfaces Ltd. IPO?

Listing gain is the difference between the IPO’s opening and offer prices. The listing gain is influenced by changing investors’ interests, global parameters, and short vs long-term outlooks.

I have finished the application process for the Global Surfaces Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.  

How to approve the UPI mandate request for Global Surfaces Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of Global Surfaces Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Global Surfaces Ltd. IPO?

The minimum size of the application will be one lot of 100 shares.