Global Surfaces IPO Particulars & Guidance @ Chanakyanipothi.com, India`s Oldest & most Trusted Investment Blog. Operational since 8th December 1999, we are the Only Investment Platform in India, which has successfully completed 22 Years.

Global Surfaces IPO Guidance
Marble, Granite and quartz business is not a novelty. Considering mainboard IPO, the size of the IPO is very small and hence oversubscription is not an issue. During last 3 years, the company has shown consistently strong turnover, profits & earnings per share. The offer pricing is reasonable, so small listing gains are expected. Current GMP for this IPO is also a positive aspect. However, the overall nervousness due to Sensex weakness may marginally affect the subscription trend. 

Global Surfaces IPO Subscription Trend
On 15 March 2023 @ 5.00 (Closed)
QIB:      2214000  Shares,  8.95T
NII:       1660500   Shares,  33.10T
RII:        38745700 Shares,  5.12T
Total:    7749000   Shares   12.21T

Global Surfaces IPO Grey Market News & updates #
Last quotes
Retail Kostak Close
Retail Subject to Rs. 1100
Small HNI Subject to Rs. 14000
Big HNI Kostak Close
Big HNI subject to Rs.14000
GMP:  Rs.13, Active Saudas

Global Surfaces IPO Particulars & Guidance: About the business
The Company is engaged in the business of processing natural stones and manufacturing engineered
quartz. Natural stones are produced by complex geological processes and include a number of products such as granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth. Natural stones are widely known for their uniqueness, aesthetic appeal, texture, color, and composition as no two natural stones are the same. Engineered quartz on the other hand, is an example of engineered stone used in the countertop industry, which is a composite material made up of crushed stone bonded by an adhesive. For instance, for countertops, the slabs are made from quartz crystals bonded with a resin binder.
Globally, the natural and engineered stone (combined) market accounted for $60,148 million in 2021 and is predicted to reach of $105,265 million by 2030. In the year 2021, the natural stone segment accounted for a major 60% of market share with $35,999 million while the contribution of engineered stone segment stood at $24,150 million. However, in projected years between 2021 and 2026, the engineered stone is expected to grow at a higher CAGR of 7-8% as compared to natural stone which is expected to grow at a CAGR of 6-7%. This is mainly because the engineered stones are non-porous, strong, durable and stain resistant. The engineered stones are also available in various colors and designs which is making them a preferred choice.

The Company has two units, one located at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan and the other at Mahindra World City SEZ, Jaipur, Rajasthan for processing and manufacturing of its products.
Its Unit I which is admeasuring 20,488 sq. meters. or thereabouts is located at Bagru, Jaipur, Rajasthan.
This Unit was acquired by us as a stressed asset under the Recovery of the Debt Due to Banks and Financial Institutions Act, 1993 in 2004 and is exclusively dedicated to processing natural stones such as marble, granite and quartzite. Its Unit I is strategically located in close proximity of the key raw material (i.e., Blocks of natural stones) which helps it in sourcing its raw materials and also minimize the logistics and transportation cost. Both the Units are located in close proximity of each other i.e., within a range of 20 Kms. from one another.
Its products have application in the flooring, wall cladding, countertops, cut-to size and other items. It is focused on exporting its products and have exported to the United States of America, Canada, Australia and Middle East. For more information, click www.globalsurfaces.in

The Promoters
MAYANK SHAH

Global Surfaces IPO Main Objects
The Offer comprises of fresh Issue and offer for share.
The Company proposes to utilize the Net Proceeds towards funding of the following objects:
1. 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

Global Surfaces IPO Details
IPO opens on 13 March 2023
IPO closes on 15 March 2023
Issue Type: Book Built Issue IPO
Issue: up to 11,070,000 Shares /Rs 154.98 Cr
* Fresh Issue of 8,520,000 Shares/ Rs 119.28 Cr
* Offer for Sale Up to 2,550,000 Shares/ Rs. 35.70 Cr

Face Value per share: Rs. 10
Price Band Per Equity Share: Rs. 133-140
Retail Lot Size 100 Shares
Global Surfaces IPO Listing will at BSE, NSE

Shares offered to
QIB (50%) 55351000 Shares, Rs. 77.49 Cr
NII (15%)  1660500   Shares, Rs. 23.25 Cr
RII (35%)   38745700  Shares, Rs. 54.24 Cr
Lot size: 100 Shares = 387457 Forms
Min Retail Application:          100 Shares, Rs. 14000
Max Retail Application:         1400 Shares,Rs 196000
Small HNI Applications:        1500 Shares,Rs 210000
Small HNI Max Applications 7100 Shares,Rs. 994000

Global Surfaces IPO Tentative Timetable
IPO opens on             13 March 2023
IPO Closes on            15 March 2023
IPO Allotment on      20 March 2023
Unblocking of ASBA 21 March 2023
Credit of Shares        22 March 2023
Listing on                  23 March 2023

Global Surfaces IPO Particulars & Guidance, Financial & Analytical Ratios
Total Income 2019-20           Rs 165.78 Cr
Total Income 2020-21           Rs 179.00 Cr
Total Income 2021-22           Rs 198.36 Cr
Net Profit 2019-20                Rs 20.96 Cr
Net Profit 2020-21                Rs 33.93 Cr
Net Profit 2021-22                Rs 35.63 Cr
Earnings per Share 2019-20  Rs 6.19
Earnings per Share 2020-21  Rs 10.02
Earnings per Share 2021-22  Rs 10.52
Return on Net Worth: 19-20 32.51 %
Return on Net Worth: 20-21 34.47 %
Return on Net Worth: 21-22 26.59%
Equity Shares prior to & after the IPO: 33,861,818 Shares

Book Value of the Share as on 31.03.2022 Rs 39.58
NAV per Equity Share after the Offer: Rs. 63.29

Ratio Analysis
Upper Price Band/last EPS: 13.31
Upper offer price/Book Value Ratio: 3.54
Upper offer price/BV after IPO Ratio: 2.21

Global Surfaces IPO Peer Comparison:
Pokarna @ PE Ratio of 29.53

IPO Lead Managers
Unistone Capital Pvt. Ltd
Registrar to IPO
Bigshare Services Pvt Ltd

Registered Office of Global Surfaces
Plot No. PA-10-006 Engineering and Related Industries SEZ, Mahindra World City Tehsil-Sanganer Jaipur-302037, Rajasthan,
Company Secretary & Compliance Officer: Aseem Sehgal

#This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

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