The second public offer of the calendar year 2023, Global Surfaces opens for subscription on March 13. The issue was subscribed 42% on day 1 of the offer with 60% subscription received from retail investors. Click here to subscribe the IPO.
On day 2, the issue has received bids for 46.58 lakh shares against 77.49 lakh shares on offer, as per BSE data by 11. 05 AM. The retail and Non-Institutional Investors (NIIs) portion received 84% subscription.
The quota for Qualified Institutional Buyers (QIBs) got subscribed 1%.
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 |
Global Surfaces has booked a 5% growth in profit at Rs 35.63 crore for the financial year ended March FY22 compared to the previous year. Revenue from operations during the same year rose nearly 11% to Rs 198.4 crore.
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