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All you need to know about Global Surfaces IPO

Global Surfaces Ltd is launching an IPO which will open on Monday, March 13 and close on Wednesday, March 15.

The price band is set at rupees 133 to 140 per equity share with a face value of rupees 10 per equity share.

Minimum bid quantity is 100 equity shares and in multiples thereafter.

The public offering consists of a fresh issue of 85.20 lakh equity shares and OFS of up to 25.5 lakh equity shares by selling shareholders.

The proceeds from the issue will be used for investment in a wholly owned subsidiary, Global Surfaces FZE, for part-financing its capital expenditure and general corporate purposes.

Unistone Capital Private Ltd is the sole lead manager and Bigshare Services Private Ltd is the registrar.

The offer is made through the book-building process, with the equity shares proposed to be listed on BSE and NSE.

Global Surfaces has been in the business of processing natural stones since 2004 and entered the manufacturing of engineered quartz in 2018.

The company reported a profit after tax of 35.63 crore for FY22.

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All you need to know about Global Surfaces IPO

The company has fixed the price band at ₹133 to 140 per equity share for the proposed initial public offer.

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All you need to know about Global Surfaces IPO

The company has fixed the price band at ₹133 to 140 per equity share for the proposed initial public offer.

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