The engineered quartz manufacturer Global Surfaces initial public offer (IPO) of Rs 155 crore has subscribed 90% on day 2 by 4.00 PM. Click here to subscribe the IPO.
As per BSE website, the issue received bids for 70,04,200 equity shares against 77,49,000 shares offered. The portion for retail investors and Non Institutional Investors (NIIs) has been fully subscribed by 126% and 124%. Whereas the Qualified institutional buyers have bid only for 3% shares of the portion set aside for them.
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 |
The offer comprises fresh issue of equity shares 119.28 crore and an offer for sale by promoters of up to 2,550,000 equity shares.
Global Surfaces has 2 units, Unit-I located at RIICO Industrial Area, Jaipur and the Unit-II at Mahindra World City SEZ, Jaipur, both in Rajasthan for processing and manufacturing of their products.
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