Global Surfaces IPO makes debut on bourses at 17% premium

23 Mar 2023 , 09:56 AM

The shares of Rs 154.98 crore initial public offer (IPO) of Global Surfaces listed on bourses NSE and BSE today at 10 AM. The shares of the company listed at 17.14% premium on NSE at Rs 164 and 16.43% premium on BSE at Rs 163 per share.

The company is a manufacturer of engineered quartz and processor of natural stones gets an overall subscription of more than 12 times of the shares offered. The public issue was subscribed 5.12 times in the retail category, 8.95 times in the QIB category, and 33.10 times in the NII category.

Global Surfaces were available for bidding in a range of Rs 133-140 apiece under the IPO, in multiples of 100, for three trading days from March 13 to March 15.