Global Surfaces Limited, which was established in 1991, processes natural stones and manufactures engineered quartz. The natural stones, such as granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others, are created through intricate geological processes and extracted from the earth.
Global Surfaces Limited operates two units in Rajasthan, one situated in RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, and the other in Mahindra World City SEZ, Jaipur. These units specialize in processing and manufacturing products.
Global Surfaces Limited produces various products that can be used for flooring, wall cladding, countertops, cut-to-size, and other purposes. These products are in high demand for both residential and commercial industries, and they are sold both domestically and internationally.
Global Surfaces IPO Details
|IPO Date||Mar 13, 2023 to Mar 15, 2023|
|Face Value||₹10 per share|
|Price||₹133 to ₹140 per share|
|Lot Size||100 Shares|
|Issue Size||11,070,000 shares of ₹10 |
(aggregating up to ₹154.98 Cr)
|Fresh Issue||8,520,000 shares of ₹10 |
(aggregating up to ₹[.] Cr)
|Offer for Sale||2,550,000 shares of ₹10 |
(aggregating up to ₹[.] Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||BSE, NSE|
Global Surfaces IPO Tentative dates
|Opening Date||Mar 13, 2023|
|Closing Date||Mar 15, 2023|
|Basis of Allotment||Mar 20, 2023|
|Initiation of Refunds||Mar 21, 2023|
|Credit of Shares to Demat||Mar 22, 2023|
|Listing Date||Mar 23, 2023|
Global Surfaces Limited operates two manufacturing units in Rajasthan, one situated in RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, and the other located in Mahindra World City SEZ, Jaipur. These units have a substantial manufacturing capacity that enables the company to fulfill customer demands while ensuring quality and consistency.
The company’s commitment to producing high-quality and innovative products that cater to the evolving needs of customers has allowed it to offer a diverse product range. This diverse range enables Global Surfaces Limited to cater to various customers and industries. The company is known for producing durable and high-quality products that give it a competitive edge in the market. As a result, Global Surfaces Limited is regarded as a significant player in the surface industry in India and is expected to benefit from the growing demand for surface materials in the country.
India’s surface industry is expected to grow at a compound annual growth rate (CAGR) of 5.5% between 2020 and 2025. The market size of the Indian surface industry is estimated to be around USD 3.5 billion in 2020, and it is projected to reach USD 4.6 billion by 2025.
Overall, the surface industry in India is expected to continue to grow, driven by urbanization, increasing disposable income, and the growing demand for sustainable and eco-friendly materials.
|Period Ended||Total Assets||Total Revenue||Profit After Tax||Net Worth||Reserves and Surplus||Total Borrowing|
|Amount in ₹ Crore|
Objects of the Issue
The Company proposes to utilize the Net Proceeds towards the funding of the following objects:
- 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.
- Diverse product range
- Manufacturing capabilities
- Market reach
- Dependence on suppliers:
- Cost management
Global Surfaces IPO Prospectus
Company Contact Information
Global Surfaces Limited
Plot No. PA-10-006,
Engineering and Related Industries SEZ,
Mahindra World City, Sanganer Jaipur – 302 037
Global Surfaces IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Global Surfaces IPO Lead Manager(s)
- Unistone Capital Pvt Ltd (Past IPO Performance)