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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Global Surfaces Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹140
Per ShareLot Size
100 Shares
Minimum Investment
₹14,000
Issue Size
₹154.98 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
73.55%
Issue Type
Book Building
ISIN
INE0JSX01015
Global Surfaces Limited 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, color, and composition as no two natural stones are the same. Engineered quartz on the other hand, is an example of engineered stone used in the countertop industry, which is a composite material made up of crushed stone bonded by an adhesive. For instance, for countertops, the slabs are made from quartz crystals bonded with a resin binder.
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, color, and composition as no two natural stones are the same. Quartz, an example of engineered stone used in the countertop industry, is a composite material made up of crushed stone bonded by an adhesive. The engineered stone slabs are manufactured by bonding up to 93% natural quartz which is one of the hardest materials, and pigments, aggregates, and polymer resins are used to produce vibrant stone surface with excellent stain, heat, chip, and scratch resistance properties.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of up to 11,070,000^ equity shares of face value of Rs. 10 each ("Equity Shares") of Global Surfaces Limited ("Company") for cash at a price of Rs. 140 per equity share (including a share premium of Rs. 130 per equity share) ("Offer Price") aggregating to Rs. 154.98^ crores comprising a fresh issue of 8,520,000^ equity shares aggregating to Rs. 119.28^ crores by the company ("Fresh Issue") and an offer for sale of 2,550,000^ equity shares aggregating to Rs. 35.70^ crores by the selling shareholders and such equity shares offered by the selling shareholders, the "Offered Shares") (such offer by each of the selling shareholders, the "Offer for Sale" and together with the fresh issue, the "Offer"). The offer constitutes 26.12%^ of the fully-diluted post-offer paid-up equity share capital of the company. ^Subject to finalisation of basis of allotment The face value of equity shares is Rs. 10 each. The offer price is 14 times the face value of the equity shares. Bids can be made for a minimum of 100 equity shares and in multilpes of 100 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Global Surfaces Limited was incorporated under the provisions of the Companies Act, 1956 as "Swastic Niwas Private Limited" on August 23, 1991, as a private limited company vide Certificate of Incorporation issued by Registrar of Companies, West Bengal. Subsequently, the name of the Company was changed to "Global Stones Private Limited" pursuant to Special Resolution passed by the shareholders of the Company at their Extra-Ordinary General Meeting held on May 17, 2004 and a fresh Certificate of Incorporation was issued by the Registrar of Companies, West Bengal on May 28, 2004. Subsequently, the name of the Company was changed to "Global Surfaces Private Limited" pursuant to a Special Resolution passed by the shareholders of the Company at the Extra-Ordinary General Meeting held on October 07, 2021 and a fresh Certificate of Incorporation dated October 20, 2021 was issued by the Registrar of companies, Jaipur. Thereafter, the Company was converted into a public limited company and the name was changed to "Global Surfaces Limited" pursuant to Special Resolution passed by the shareholders of the Company at the Extra-Ordinary General Meeting held on October 07, 2021 and a fresh Certificate of Incorporation dated October 21, 2021 was issued by the Registrar of Companies, Jaipur. In the year 2021, the registered office of the Company has been shifted from Kolkata, West Bengal to Jaipur, Rajasthan pursuant to Certificate of Registration of Regional Director order for Change of State dated January 15, 2021.
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.