Global Surfaces IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Global Surfaces

CMP

212.13

+0.75 (0.35%)

  • DRHP
₹140

Offer Price

₹ 154.98 Cr

Issue Size

₹ 14,000

Min Investment

12.21x

Times Subscribed

100

Lot size

Time Line

  • 13
    Mar 2023
    Open
  • 15
    Mar 2023
    Close
  • 20
    Mar 2023
    Finalisation of Basis of Allotment
  • 21
    Mar 2023
    Initiation of Refunds
  • 22
    Mar 2023
    Transfer of Shares to Demat Account
  • 23
    Mar 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Increasing its global footprint and augmenting growth in current geographies

  • Setting up strategically located manufacturing facility

  • Continue to add to product portfolio by introducing new designs

  • Technology integration and plant automation to improve productivity

Products & Services

  • Natural stone, engineered quartz products

Strengths

  • Wide product portfolio and multiple designs

  • Established presence in international markets

  • Experienced and result oriented Promoter

  • Synergy of young and experienced management team with a committed employee base

  • Effective quality checks thereby reducing loss.

Risks

  • The continuing impact of the COVID-19 pandemic on its business and operations is uncertain and it may be significant and continue to have an adverse effect on the company business, operations and its future financial performance.

  • The company is dependent on a few customers for a major part of its revenues. Further its do not enter into long-term arrangements with the company customers and any failure to continue its existing arrangements could adversely affect the company business and results of operations.

  • The company do not have long-term agreements with its suppliers for raw materials and an inability to procure the desired quality, quantity of its raw materials in a timely manner and at reasonable costs, or at all, may have a negative impact on its business, results of operations, financial condition and cash flows.

  • Major portion of its revenues are derived from exports to the United States of America and any adverse developments in this market or restrained economic or political relations of India with the United States of America could adversely affect its business.

  • Under-utilization of its production capacities could have an adverse effect on the company business, future prospects and future financial performance.

Company Promoters

Promoters Holding

Issue For IPO
73.55%
Pre Holding

73.55%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2022 Mar-2023 3-Yr trend
Revenue 178.07 (-6.90%) 26.59 (-) 12.26 (-53.90%)
Gross Profit 178.07 (-6.90%) 26.59 (-) 12.26 (-53.90%)
Net Income 178.07 (-6.90%) 26.59 (-) 12.26 (-53.90%)
Assets 178.07 (-6.90%) 26.59 (-) 12.26 (-53.90%)
Liabilities 178.07 (-6.90%) 26.59 (-) 12.26 (-53.90%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Global Surfaces Ltd 191.18 35.63 213.85 79.82 26.59 10.52 39.58 5.46 0.37
Pokarna Ltd 650.19 78.30 1,171.58 1,171.58 17.67 25.25 142.85 6.68 1.15

Book Running Managers

  • Unistone Capital Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Plot No PA-10-006 Tehsil-Sanga,
Engg.&Related Ind. SEZ MW City,
Jaipur - 302037
Phone : 91-141-7191000 Email : cs@globalsurfaces.in www.globalsurfaces.in

Offer Related Information

Initial public offer of up to 11,070,000^ equity shares of face value of Rs. 10 each ("Equity Shares") of Global Surfaces Limited ("Company") for cash at a price of Rs. 140 per equity share (including a share premium of Rs. 130 per equity share) ("Offer Price") aggregating to Rs. 154.98^ crores comprising a fresh issue of 8,520,000^ equity shares aggregating to Rs. 119.28^ crores by the company ("Fresh Issue") and an offer for sale of 2,550,000^ equity shares aggregating to Rs. 35.70^... More

News

  • 16 Mar 2023, 11:01 AM

    Global Surfaces IPO ends with good subscription

  • 15 Mar 2023, 17:39 PM

    Global Surfaces IPO subscribed 12.21 times

  • 14 Mar 2023, 17:09 PM

    Global Surfaces IPO subscribed 1.09 times

  • 13 Mar 2023, 17:09 PM

    Global Surfaces IPO subscribed 42%

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