iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Global Surfaces Limited fixed IPO price at Rs 133-144 a share

6 Mar 2023 , 09:43 AM

Global Surfaces Limited, a company engaged in processing natural stones and manufacturing engineered quartz’ initial public offer is opening for subscription from March 13-15. The company has fixed the price band at Rs 133-144 per share. Investors who want to invest in the IPO should apply in a lot size of 100 shares.

The IPO comprises fresh issue up to 8,520,000 equity shares and an offer for sale of 2,550,000 shares. The promoters of the company, Mayank Shah and Swati Shah are offloading 14,00,000 and 11,50,000 equity shares.

The company has reserved 50% of the issue size for QIB, 15% for HNI and 35% for retail investors.

It has two units, one located at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan, and the other at Mahindra World City SEZ, Jaipur, Rajasthan. Both units engage in the processing and manufacturing of the products.

Open date  March 13, 2023
Close date March 15, 2023
Lot size  100 shares
IPO size (Rs crore)  154.98 crore
IPO price range (Rs) Rs 133-144 a share
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

 

Unistone Capital Pvt Ltd is the sole lead manager of the IPO. 

The company will be using the net proceeds for investing in a 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) and for general corporate purposes.

Related Tags

  • Global Surfaces Limited
  • Global Surfaces Limited IPO
  • Global Surfaces Limited IPO opening date
  • Global Surfaces Limited IPO price
  • Global Surfaces Limited IPO subscription
  • Global Surfaces Limited subscription
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.