31 Mar 2020
Assets128.73
Total Income165.78
Profit After Tax20.96
NET Worth64.48
Reserves and Surplus58.03
Total Borrowing53.49
At a glance
Updated 2026-08-23The shares listed at ₹164.00, a 17.14% move from the issue price. Global Surfaces is a Mainboard IPO with an issue size of ₹154.98 crore, proposed for listing on BSE, NSE. The offer opens on 13th Mar 2023 and closes on 15th Mar 2023. The issue structure includes a fresh issue of ₹119.28 crore and an offer-for-sale component of ₹35.70 crore. The current listing schedule points to 23rd Mar 2023.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹154.98 Cr
Fresh issue₹119.28 Cr
Offer for sale₹35.70 Cr
Face value₹10
Price band₹133.00–₹140.00
Allotment20th Mar 2023
Listing23rd Mar 2023
Listing performance
Full performance ↗Issue price₹140.00
Listing price₹164.00
Current price—
Listing gain17.14%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹18.00
GMP / upper price12.86%
Est. listing₹158.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens13th Mar 2023
Closes15th Mar 2023
Allotment20th Mar 2023
Refund21st Mar 2023
Demat22nd Mar 2023
Listing23rd Mar 2023
Subscription demand
Full bidding ↗Total12.21×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 100 | ₹14,000 |
Company
Incorporated1991
Use of proceeds
| Object | Amount |
|---|---|
| Investment in our wholly owned subsidiary, Global Surfaces FZE for part-financing its capital expenditure requirements in relation to the setting up of manufacturing facility for engineered quartz at The Jebel Ali Free Zone, Dubai, United Arab Emirates (“UAE”) (“Proposed Facility”) | ₹90.00 Cr |
| General corporate purposes | ₹11.58 Cr |
Financials
Full financials ↗31 Mar 2021
Assets159.00
Total Income179.00
Profit After Tax33.93
NET Worth98.43
Reserves and Surplus91.98
Total Borrowing37.46
31 Mar 2022
Assets236.48
Total Income198.36
Profit After Tax35.63
NET Worth134.04
Reserves and Surplus100.17
Total Borrowing37.28
30 Sep 2022
Assets280.20
Total Income99.25
Profit After Tax13.59
NET Worth148.93
Reserves and Surplus115.07
Total Borrowing50.52
Trend chart₹ crore
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
| EBITDA Margin |
Valuation & shareholding
Pre-IPO EPS10.52
Pre-IPO P/E21.84
Promoter holding pre99.35%
Promoter holding post73.36%
Market cap₹593.35 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to BRLM (including underwriting commission) and Legal Advisor to the Offer | ₹11.00 Cr |
| Advertising, selling and marketing expenses | ₹9.15 Cr |
| Fees to the Registrar to the Offer | ₹0.50 Cr |
| Fees payable to the Regulators including stock exchange | ₹0.80 Cr |
| Printing and distribution of Issue stationary | ₹0.10 Cr |
| Brokerage and selling commission payable to Syndicate¹ | ₹0.15 Cr |
| Brokerage and selling commission payable to Registered Brokers² | ₹0.15 Cr |
| Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs³ | ₹0.20 Cr |
| Processing fees to Issuer banks for UPI mechanism w.r.t application Forms procured by the members of the Syndicate, Registered Brokers, RTAs or the CDPs and submitted to them⁴ | ₹0.20 Cr |
| Others (Bankers to the Offer, Auditor's fees, etc.) | ₹0.75 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Unistone Capital Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-23.