Global Surfaces IPO hits D-Street next week; check out issue price, listing date, other important details

Global Surfaces IPO: The initial share sale of the company, which is engaged in the processing of natural stones and the making of engineered quartz, to raise up to Rs 155 crore will hit the Street on March 13. Global Surfaces shares are likely to be listed on bourses BSE and NSE on March 23.

The Global Surfaces IPO will open for subscription on March 13 and close on March 15. | Image: Reuters

An initial public offering (IPO) of Global Surfaces, a company engaged in the processing of natural stones and the manufacturing of engineered quartz, is all set to hit Dalal Street on March 13. Through the Global Surfaces IPO, the company aims to raise up to Rs 155 crore.

Here's a lowdown on important things to know about the Global Surfaces IPO, including the date of subscription, the issue price and the date of listing of shares:

Global Surfaces IPO: Issue size

The IPO comprises fresh issuance and an offer for sale (OFS) by existing shareholders. The total size of the IPO is Rs 155 crore.

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Global Surfaces IPO: Issue price

Potential investors will be able to bid for Global Surfaces shares in a price band of Rs 133-140 apiece under the IPO.

Global Surfaces IPO: Lot size

Bidding will be allowed in multiples of 100 shares, which translates to Rs 13,300-14,000 per lot.

Global Surfaces IPO: Important dates

The IPO will open for subscription on March 13 and close on March 15. A bidding round for anchor investors is likely on March 10.

Global Surfaces shares are likely to be listed on bourses BSE and NSE on March 23.

Global Surfaces IPO: Investor reservation

Category	Reservation
QIB	50%
NII	15%
Retail	35%

Company profile

Global Surfaces caters to areas such as flooring, wall cladding, countertops and cut-to-size items, and used in both commercial and residential segments. It operates in two main segments: natural stones and engineered quartz.

For the year ended March 2022, Global Surfaces registered a net profit of Rs 35.6 crore, as against a net profit of Rs 33.9 crore for the previous year.

(This story will be updated shortly)

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