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Global Surfaces IPO

Global Surfaces IPO

  • Status: Closed
  • RHP:
  • ₹ 13,300 / 100 shares

    Minimum Investment

IPO Details

  • Open Date

    13 Mar 2023

  • Close Date

    15 Mar 2023

  • IPO Price Range

    ₹ 133 to ₹ 140

  • IPO Size

    ₹ 154.98 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    23 Mar 2023

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IPO Timeline

Global Surfaces IPO Subscription Status

Last Updated: 16 March 2023 11:11 AM by 5Paisa

Global Surfaces IPO opens on Mar 13, 2023, and closes on Mar 15, 2023. The issue entails of fresh issue of 8,520,000 equity shares and an Offer For Sale of 2,550,000 equity shares aggregating the issue size to Rs. 154.98 crores. The lot size is set at 100 shares per lot while the price band is fixed at Rs. 133 – Rs. 140 per share. The issue will be listed on BSE and NSE exchanges on 23rd March while the shares will be allotted on 20th March. Unistone Capital Pvt. Ltd is the lead manager to the issue. 


Objective of Global Surfaces IPO

The net proceeds from the issue will be utilised towards:
•    Investment in the wholly owned subsidiary, Global Surfaces FZE for part-financing its capital expenditure requirements in relation to the setting up of a manufacturing facility for engineered quartz at The Jebel Ali Free Zone, Dubai, United Arab Emirates (UAE)
•    General corporate purposes
 

Global Surfaces IPO Video

Global Surfaces is engaged in the business of processing natural stones and manufacturing engineered quartz. Natural stones are produced by complex geological processes and include a number of products such as granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth. Natural stones are widely known for their uniqueness, aesthetic appeal, texture, colour, and composition as no two natural stones are the same.

The products have application in the flooring, wall cladding, countertops, cut-to size and other items. Our products are used in both commercial and residential industry and are sold within and outside India
They have two units, one located at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan and the other at Mahindra World City SEZ, Jaipur, Rajasthan for processing and manufacturing of its products.

The products are exported to United States of America, Canada, Australia and Middle East.
 

Check out Global Surfaces IPO Web-stories

Check out Global Surfaces IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 19.03 17.54 16.33
EBITDA 4.18 4.74 4.03
PAT 3.56 3.39 2.10
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 23.65 15.90 12.87
Share Capital 3.39 0.65 0.65
Total Borrowings 3.73 3.75 5.35
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 28.2 32.1 53.7
Net cash from / (used in) investing activities -28.1 -8.0 -10.5
Net cash flow from / (used in) financing activities -3.5 -19.3 -45.7
Net increase (decrease) in cash and cash equivalents -3.4 4.9 -2.5

Peer Comparison

Name of the Company Total Revenue Basic EPS NAV PE RoNW%
Global Surfaces Limited 190.31 10.52 39.58 NA 26.59%
Pokarna Limited 650.19 25.25 142.85 29.53 17.67%


Strengths

•    The company has grown from a single category to multi-category stone manufacturing company.
•    Wide product portfolio and multiple designs exports business constitutes 99.13% of operating revenue in the Fiscal 2021-22 and has grown at 21.60% CAGR over last 11years.
•    Effective quality checks thereby reducing loss 
 

Risks

•    The firm is dependent on a few customers for a major part of its revenues and it does not enter long term agreements with its customers
•    Inability to procure the desired quality, quantity of our raw materials in a timely manner and at reasonable costs, or at all
•    Insufficient cash flows from operations or are unable to borrow to meet the working capital requirements could affect the business as it is capital intensive
•    Under-utilization of its production capacities 
 

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FAQs

The Global Surfaces IPO lot size is 100 shares. A retail-individual investor can apply for up to 14 lots (1400 shares or ₹196,000).

The price for Global Surfaces IPO is set at Rs. 133 - 140 per share

The Global Surfaces IPO opens on 13th March and closes on 15th March.

The Global Surfaces IPO comprises of fresh issue of 8,520,000 equity shares and an offer for sale of 2,550,000 equity shares which aggregates the issue size to Rs. 154.98 cr.

Global Surfaces IPO is promoted by Mr. Mayank Shah.

The allotment date of Global Surfaces IPO is set for 20th March

The Global Surfaces IPO will be listed on 23rd March 

Unistone Capital Private Limited is the book running lead managers of Global Surfaces IPO.

The net proceeds from the issue will be used for: 

•    Investment in the wholly owned subsidiary, Global Surfaces FZE for part-financing its capital expenditure requirements in relation to the setting up of a manufacturing facility for engineered quartz at The Jebel Ali Free Zone, Dubai, United Arab Emirates (UAE)
•    General corporate purposes

To apply for Global Surfaces IPO, follow the steps given below
•    Login to your 5paisa account and select the issue in the current IPO section
•    Enter the number of lots and price at which you wish to apply for
•    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
•    You will receive a mandate notification to block funds in your UPI app