The initial public offer of Jaipur-based processing natural stones and manufacturing engineered quartz company Global Surfaces opens today on March 13 and will conclude on March 15. The company is issuing its shares at a price band of Rs 133-140. Investors can apply in a lot size of 100 shares and its multiples thereof. Click here to invest in the IPO.
As of 11.30 am on day 1, the issue has been subscribed 8% as retail investors’ category booked 14% of the reserved quota and NIIs booked 3%, as per BSE data showed.
The IPO of Global Surfaces comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters – Mayank Shah and Sweta Shah.
The company will use net proceeds towards investment in the company’s wholly-owned subsidiary Global Surfaces FZE to finance its capital expenditure of setting up the production facility in JAFZA, Dubai and for general corporate purposes. The part of proceeds will also be used to support the company’s growth goals, which include growing its product lines and its global expansion.
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Securities 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)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.