Global Surfaces IPO: How to check the Allotment Status

Global Surfaces IPO worth Rs.154.98, consisted of a fresh issue component of Rs. 119.28 crore and an offer for sale (OFS) of Rs. 35.70. The response to the IPO was better than expected and it was subscribed 12.21X overall at the close of bidding on 15th March 2023 with the QIB segment seeing 8.95 times subscription and the retail portion seeing 5.12 times subscription even as the subscription was dominated by the HNI / NII segment as the portion got subscribed 33.10 times; with good participation from the S-HNIs and the B-HNIs. The allocation to the QIB segment was 50%, HNI / NII was 15% and the retail quota was 35%.

The basis of allotment will be finalized on 20th March 2023, while the refunds will be initiated to the non-allotted portion on 21st March 2023. The demat credits will be finalized on 22nd March 2023, while the stock of Global Surfaces Ltd will get listed on the NSE and the BSE on 23rd March 2023. The company had a pre-IPO promoter holding of 99.35% and post the OFS, the promoter stake in Global Surfaces Ltd will stand reduced due to the dilutive effect of the fresh issue and transfer of stake in the OFS portion. On listing, the company will have an indicative market capitalization of Rs. 594 crore at the IPO price and the stock will be trading at a starting P/E ratio of 21.84X. The response to the anchor bidding had also been strong, although on three investors had participated in the anchor issue.

If you have applied for the IPO of Global Surfaces Ltd, there are two ways that you can check your allotment status online. You can either check your allotment status on the BSE (Bombay Stock Exchange) website or the on the website of the IPO registrar, Bigshare Services Private Limited. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of Global Surfaces Ltd IPO on BSE website

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. You can still access the allotment status on the website of BSE India as under. Visit the BSE link for the IPO allotment by clicking on the link below

https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

• Under Issue Type – Select Equity Option (between equity and debt choices)

• Under Issue Name – Select Global Surfaces Ltd from the dropdown box

• Enter the Application Number exactly as in the acknowledgement slip

• Enter the PAN (10-digit alphanumeric) number

• Once this is done, you need to click on the Captcha to verify that you are not a robot

• Finally click on the Search Button

The BSE dropdown gives the list of all eligible IPOs but the allotment status would only be available once the allotment status is finalized through the basis of allotment report on 20th March 2023. In the past, while checking the allotment status on the BSE website, it was necessary to input the PAN number and the application Number. However, now BSE has modified the requirements and it is sufficient if you enter any one of these parameters. You can either input the application number or you can input your PAN.

Once the data is inputted and the captcha verification is done, the allotment status will be displayed on the screen in front of you informing about the number of shares of Global Surfaces Ltd allotted into your demat account. It is suggested that you take a screenshot of this output page and store for future reference. You can verify the demat credit by the close of 22nd March 2023; a day before the listing of the IPO stock.

Checking the allotment status of Global Surfaces Ltd on the website of Bigshare Services Private Limited (Registrar to IPO)

Visit the Bigshare Services registrar website for IPO status by clicking on the link below:

https://www.bigshareonline.com/ipo_Allotment.html

Here you are given the choice to select 3 servers viz. Server 1, Server 2 and Server 3. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select.

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Global Surfaces Ltd from the dropdown box. The allotment status will be finalized on 20th March 2023, so in this case, you can access the details on the registrar website either late on 20th March 2023 or by middle of 21st March 2023. Once the company is selected from the dropdown box, you have 3 different approaches that can be used to check the allotment status for the IPO.

• Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number in the box provided and then click on Search Button. Enter the application exactly it is given in the acknowledgement slip.
   

• Secondly, you can search by Beneficiary ID of your demat account. From the dropdown box, you must first select the depository name where the account is held i.e. NSDL or CDSL. In the case of NSDL, enter the DP id and Client id in separate boxes as provided. In case of CDSL, just enter the CDSL client number. Remember that the NSDL string is alphanumeric while the CDSL string is numeric. After that you can click the Search Button in both cases.
   

• Thirdly, you can also search by Income Tax PAN number. Once you select PAN from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button.

The IPO status with number of shares of Global Surfaces Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 22nd March 2023.