Global Surfaces IPO Details
- Open Date 13-Mar-23
- Close Date 15-Mar-23
- Lot Size 100
- IPO Size ₹ 154.98 Cr
- IPO Price Range ₹ 133 to ₹ 140
- Min Investment ₹ 13300
- Listing Exchange BSE, NSE
- Basis of Allotment 20-Mar-23
- Refunds 21-Mar-23
- Credit to Demat Account 22-Mar-23
- Listing Date 23-Mar-23
Global Surfaces IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 13-Mar-23 | 0.01x | 0.57x | 0.61x | 0.43x |
| 14-Mar-23 | 0.04x | 1.66x | 1.46x | 1.10x |
| 15-Mar-23 | 8.95x | 33.10x | 5.12x | 12.21x |
Global Surfaces IPO Synopsis
Global Surfaces IPO opens on Mar 13, 2023, and closes on Mar 15, 2023. The issue entails of fresh issue of 8,520,000 equity shares and an Offer For Sale of 2,550,000 equity shares aggregating the issue size to Rs. 154.98 crores. The lot size is set at 100 shares per lot while the price band is fixed at Rs. 133 – Rs. 140 per share. The issue will be listed on BSE and NSE exchanges on 23rd March while the shares will be allotted on 20th March. Unistone Capital Pvt. Ltd is the lead manager to the issue.
Objective of Global Surfaces IPO
The net proceeds from the issue will be utilised towards:
• 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)
• General corporate purposes
Global Surfaces IPO Video
About Global Surfaces
Global Surfaces is engaged in the business of processing natural stones and manufacturing engineered quartz. Natural stones are produced by complex geological processes and include a number of products such as granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth. Natural stones are widely known for their uniqueness, aesthetic appeal, texture, colour, and composition as no two natural stones are the same.
The products have application in the flooring, wall cladding, countertops, cut-to size and other items. Our products are used in both commercial and residential industry and are sold within and outside India
They have two units, one located at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan and the other at Mahindra World City SEZ, Jaipur, Rajasthan for processing and manufacturing of its products.
The products are exported to United States of America, Canada, Australia and Middle East.
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Global Surfaces Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 19.03 | 17.54 | 16.33 |
| EBITDA | 4.18 | 4.74 | 4.03 |
| PAT | 3.56 | 3.39 | 2.10 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 23.65 | 15.90 | 12.87 |
| Share Capital | 3.39 | 0.65 | 0.65 |
| Total Borrowings | 3.73 | 3.75 | 5.35 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 28.2 | 32.1 | 53.7 |
| Net cash from / (used in) investing activities | -28.1 | -8.0 | -10.5 |
| Net cash flow from / (used in) financing activities | -3.5 | -19.3 | -45.7 |
| Net increase (decrease) in cash and cash equivalents | -3.4 | 4.9 | -2.5 |
Peer Comparison
| Name of the Company | Total Revenue | Basic EPS | NAV | PE | RoNW% |
|---|---|---|---|---|---|
| Global Surfaces Limited | 190.31 | 10.52 | 39.58 | NA | 26.59% |
| Pokarna Limited | 650.19 | 25.25 | 142.85 | 29.53 | 17.67% |
Global Surfaces IPO Key Points
-
Strengths
• The company has grown from a single category to multi-category stone manufacturing company.
• Wide product portfolio and multiple designs exports business constitutes 99.13% of operating revenue in the Fiscal 2021-22 and has grown at 21.60% CAGR over last 11years.
• Effective quality checks thereby reducing loss
-
Risks
• The firm is dependent on a few customers for a major part of its revenues and it does not enter long term agreements with its customers
• Inability to procure the desired quality, quantity of our raw materials in a timely manner and at reasonable costs, or at all
• Insufficient cash flows from operations or are unable to borrow to meet the working capital requirements could affect the business as it is capital intensive
• Under-utilization of its production capacities
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Global Surfaces IPO FAQs
What is the lot size and investment required for the Global Surfaces IPO?
The Global Surfaces IPO lot size is 100 shares. A retail-individual investor can apply for up to 14 lots (1400 shares or ₹196,000).
What is the price band of the Global Surfaces IPO?
The price for Global Surfaces IPO is set at Rs. 133 - 140 per share
When does the Global Surfaces IPO issue open and close?
The Global Surfaces IPO opens on 13th March and closes on 15th March.
What is the size of Global Surfaces IPO ?
The Global Surfaces IPO comprises of fresh issue of 8,520,000 equity shares and an offer for sale of 2,550,000 equity shares which aggregates the issue size to Rs. 154.98 cr.
Who are the promoters/key personnels of Global Surfaces IPO?
Global Surfaces IPO is promoted by Mr. Mayank Shah.
What is the allotment date of Global Surfaces IPO?
The allotment date of Global Surfaces IPO is set for 20th March
What is the Global Surfaces IPO’s listing date?
The Global Surfaces IPO will be listed on 23rd March
Who are the book runners for Global Surfaces IPO?
Unistone Capital Private Limited is the book running lead managers of Global Surfaces IPO.
What is the objective of the Global Surfaces IPO?
The net proceeds from the issue will be used for:
• 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)
• General corporate purposes
How to apply for the Global Surfaces IPO?
To apply for Global Surfaces IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and price at which you wish to apply for
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
• You will receive a mandate notification to block funds in your UPI app
Contact Details of Global Surfaces IPO
Contact Information
Global Surfaces Limited
Plot No. PA-10-006,
Engineering and Related Industries SEZ,
Mahindra World City, Sanganer Jaipur – 302 037
Phone: 0141-7191000
Email: info@globalsurfaces.in
Website: http://www.globalsurfaces.in/
Global Surfaces IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Global Surfaces IPO Lead Manager
Unistone Capital Pvt Ltd