Global Surfaces IPO allotment out today: Here’s how to check

20 Mar 2023 , 12:20 PM

The initial public offer (IPO) of Global Surfaces has seen heavy demand from investors despite being unfavorable market conditions. The issue was subscribed 12.21 times overall with NIIs part subscribed 33.10 times. The retail portion was subscribed 5.12 times while Qualified Institutional Buyers (QIBs), who largely stayed away from the issue for two days, subscribed 8.95 times the reserved part.

Those who have applied for the IPO would be able to check their allotment status online by logging in at the BSE website or at its official registrar’s website, Bigshare Services Pvt Ltd.

The company has fixed a price band of Rs 133-140. The issue comprises fresh issue of 85.20 lakh equity shares and an offer for sale of up to 25.5 lakh by promoters Mayank Shah and Shweta Shah.

Global Surfaces is in the business of processing natural stones and manufacturing engineered quartz. The company has two manufacturing facilities in Rajasthan.

Global Surfaces IPO important details:

Open date	March 13, 2023
Close date	March 15, 2023
Lot size	100 shares
IPO size (Rs crore)	Rs 154.98 crore
IPO price range (Rs)	Rs 133-140
Minimum investment	Rs 14,000
Basis of allotment date	March 20, 2023
Refunds date	March 21, 2023
Credit to demat account date	March 22, 2023
Listing date	March 23, 2023