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Home News Global Surfaces shares list at premium over IPO issue price

Global Surfaces shares list at premium over IPO issue price

Portions of Global Surfaces Ltd made their positive market debut on Thursday with stock posting 164 on the NSE, a premium of more than 17% over its Initial public offering issue cost 140 for each offer. Worldwide Surface offers open for exchanging on BSE 163 One Piece.

The First sale of stock (Initial public offering) of Worldwide Surfaces Restricted was bought in 12.21 times till the last day of the proposal on Wednesday, Walk 15, 2023. Offers were gotten for 9.46 crore value shares against 77.49 lakh shares on offer.

The Non-Institutional Financial backers (NII) segment was bought in 33.10 times. The standard for Qualified Institutional Purchasers (QIBs) was bought in 8.95 times and the part for Retail Individual Financial backers (RIIs) was bought in 5.12 times.

A portion of the issue size was saved for QIBs, up to 35% for retail financial backers and the excess 15% for NII. The organization had fixed a value band of 133-140 an offer.

The underlying offer deal included issuance of 85.20 lakh value offers and make available for purchase (OFS) of 25.5 lakh value shares by the advertisers – Mayank Shah and Sweta Shah. The assets raised from the new issue will be utilized to set up the organization’s proposed element – Worldwide Surface FZE – in Dubai.

Global Surfaces ,

Worldwide Surfaces Restricted is taken part occupied with handling normal stones and assembling designed quartz. The organization has 2 assembling units in Rajasthan. For FY22, the organization posted a net benefit of 35.6 crore when contrasted with 34 crore in FY21.

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