Global Surfaces IPO subscribed 11.77 times on Day 3

15 Mar 2023 , 03:43 PM

The initial public offer (IPO) of Global Surfaces Limited has received high demand from the investors. the issue was subscribed 11.77 times by 3.45 PM on day 3 of the offer.

As per BSE data, retail portion of the offer is subscribed 4.59 times and the portion set aside for high networth individuals (non-institutional investors) being booked 32.32 times. The quota for qualified institutional buyers was also bought 8.93 times more than the reserved shares.

The company intends to raise Rs 155 crore through an initial public offering at the higher end of the Rs 133-140 price band. Around Rs 46.49 crore of this has been raised from anchor investors ahead of the float.

Incorporated in 1991, the natural stoneprocessing company’s IPO comprises fresh issuance of 85.20 lakh shares and an offer-for-sale of 25.5 lakh shares by selling shareholders.

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