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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 |
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?
When will Global Surfaces Limited IPO allotment be available?
What will be Global Surfaces Limited IPO lot size?
When will Global Surfaces Limited IPO open for subscription?
What minimum lot size can retail investors subscribe to?
When will Global Surfaces Limited list on exchanges?
How to check the allotment status of Global Surfaces Limited IPO?
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?
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?
How to approve the UPI mandate request for the Global Surfaces Limited IPO?
Can I submit more than one application for the public issue of Global Surfaces Limited using one PAN?
What is the minimum order quantity for Global Surfaces Limited IPO?
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