As of the closing day of the offer, March 15, 2023, the Global Surfaces Ltd Initial Public Offering (IPO) has been subscribed 12.21 times. Against the 77.49 lakh shares that were up for bid, bids for 9.46 crore equity shares were received. The price range for shares is set by the corporation at $133 to $140.
On Monday, March 20, 2023, the Global Surface IPO’s share allotment basis is anticipated to be finalized. On March 22, 2023, if allocated, shares will be credited to the demat account. Since BIGSHARE SERVICES PVT LTD is the Issue’s Registrar, you can check the status here or on the BSE website here.
Shares of Global Surface are currently fetching premium (GMP) 12 in the gray market, according to market experts. On Thursday, March 23, 2023, the company’s shares are anticipated to list on the two major stock exchanges, BSE & NSE.
The promoters, Mayank Shah and Sweta Shah, have issued 85.20 lakh equity shares and have offered 25.5 lakh equity shares for sale (OFS) in the Global Surface IPO. The money obtained from the new issue will be utilized to establish the proposed entity for the company in Dubai, called Global Surface FZE.
Before its maiden share sale, Global Surfaces, a company that processes natural stones and manufactures engineered quartz, received 46.49 crore from anchor investors.
The production of manufactured quartz and the processing of natural stones are the two main businesses operated by Global Surfaces Limited. In Rajasthan, the firm operates 2 production facilities. The company reported a profit after tax of Rs. 35.63 crore for FY22 as opposed to Rs. 33.93 crore for FY21.
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