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Global Surfaces Limited IPO

Global Surfaces Limited has filed DRHP for an IPO containing 11,070,000 equity shares. The offer is a combination of fresh and offer for sale equities of 8,520,000 and 2,550,000 equities respectively. The company processes natural stones to manufacture engineered quartz.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Global Surfaces Limited IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Global Surfaces Limited

The company manufactures engineered quartz from natural stones. They are involved in procuring and processing of natural stones and manufacturing engineered quartz used as table and countertops. Their products are used for both industrial and residential purposes. The company has two manufacturing units from where they cater to their clients in India and abroad. They export their products to the United States of America, Canada, Australia and the Middle East.

Global Surfaces Limited IPO Objectives

• A portion of the net proceeds from the new shares will be utilised in setting up of a wholly owned subsidiary in the UAE.
• The company will use the fund for general corporate purposes.

Why should you invest in the Global Surfaces Limited IPO?

Here are our top reasons:

  • The combined value of the global stone market (natural and engineered) was $60,148 million in 2021 and is expected to become $105,265 million by 2030. The segment is expected to grow at 7-8% CAGR for engineered stones and 6-7% for natural stone between 2021 and 2026.
  • The company offers a diversified product portfolio for various segments.
  • Global Surface Ltd. has grown from a single category product to a multi category product company since inception.

Financial Highlights

Particulars For the year/period ended (₹ in million)
  FY22 FY21 FY20
Revenue From Operation 1903.13 1753.71 1632.91
EBITDA 498.48 509.53 428.50
EBITDA Margin (%) 26.19 29.05 26.21
Profit After Tax      
EPS      
ROE 26.59 34.47 32.51

How to apply for Global Surfaces Limited IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Global Surfaces Limited IPO and approve the payment on your UPI ID.

Demat Account

  • If you are an existing Angel One user, Pre-Apply Now!
  • If you’re a new investor, open an Angel One Demat account for free and begin your investment journey.

Global Surfaces Limited IPO Noteworthy Highlights:

  • The company registered 21.04% CAGR in its revenue from operation between 2011 and 2021.
  • In Fiscal 2021-22, the company generated 82.75% of its revenue from operations of Rs.1574.83 million from engineered stones.

The Brand’s Pros & Cons:

Pros Cons
The company has a strong presence in the domestic and international market. A risk may arise if the company fails to maintain its relationships with its customers which constitutes the major part of its revenue.
They have grown from a single category product company to a multi-category product company. They don’t enter into long term agreements with their buyers and suppliers which can disrupt the business in future.
The company’s future plans include expanding both its market and product categories. Their export revenue coming primarily from the USA can get affected by the changes in economic and political relationships between the countries.

Competitive Peers

Here is a competitive analysis of the company with its listed peer.

Company Name Revenue from operation in Rs. million P/E ratio EPS
Global Surfaces Limited 1903.13 NA 10.52
Peer Group
Pokarna Ltd. 6500.00 29.53 25.25

Global Surfaces Limited IPO FAQs

What is Global Surfaces Limited IPO?

Global Surfaces Limited targets to sell up to 1 crore equity shares through an IPO combining new shares and offer for sale equities.

When will Global Surfaces Limited IPO allotment be available?

Details are not available.

What will be Global Surfaces Limited IPO lot size?

Details are not available.

When will Global Surfaces Limited IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

The minimum investment size is one lot for retail investors.

When will Global Surfaces Limited list on exchanges?

It usually takes ten working days from the last day of subscription to list the IPO on the bourses.

How to check the allotment status of Global Surfaces Limited IPO?

Angel One customers can log in to their accounts to check Global Surfaces Limited IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.

What would be the listing gains on Global Surfaces Limited IPO?

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

I have finished the application process for Global Surfaces Limited 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 amount when the shares get allotted or unblock it after the UPI mandate expiry date.

How to approve the UPI mandate request for the Global Surfaces Limited 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 Limited using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Global Surfaces Limited IPO?

The minimum size of the application will be one lot.

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