Global Surfaces IPO

Global Surfaces Ltd

₹13,300 /100 sharesMinimum Investment

Global Surfaces IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹140.00₹164.00₹24.00 (17.14%)

Global Surfaces IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
13 Mar ‘23 - 15 Mar ‘23₹13,300100₹133 - ₹140
Issue SizeIPO Doc
155.00Cr
RHP PDF

Subscription Status As on 15 Mar '23, 5:05 PM

  • Qualified Institutional Buyers
    8.95x
  • Non-Institutional Investor
    33.10x
  • Retail Individual Investor
    5.12x
  • Total
    12.21x

About Global Surfaces

Global Surfaces manufactures engineered quartz and also processes natural stones, such as marble, granite, limestone, and slate. The company has 2 manufacturing and processing units set up in Jaipur, Rajasthan. One of the units is equipped with R&D facilities, allowing the company to stay on top of the evolving market and the changing demands. The products of the company are used in flooring, countertops, wall cladding, and more. The business model of the company is centred around expanding its product portfolio by developing new designs.;
Parent Organisation
Global Surfaces Ltd
Founded
1991
Managing Director
Mayank Shah

Strengths & Risks

  • Here are some strengths of Global Surfaces Limited:
  • Has shown consistent growth and has grown from a single to multiple category stone manufacturing unit.
  • Has a wide product portfolio and offers multiple designs. This helps them meet the trends and changing demands of customers.
  • Established presence in international markets, including USA, Canada, Middle East, and Australia.
  • Has developed quality control processes that help them minimise losses.
  • In-house R&D facility that helps in new product development.
  • Aims at increasing its global footprint and augmenting growth in present geographies.
  • The company is setting up a strategically located manufacturing facility in Dubai, UAE.
  • Invested in the latest technology and focuses on plant automation to deliver high quality products.
  • Here are some risk factors associated with Global Surfaces Limited:
  • The business is dependent on a few customers for a majority of their revenue. Moreover, it does not enter into long term arrangements with customers and any loss in the existing customers can impact revenues significantly.
  • The company does not have long term arrangements with suppliers and an inability to procure the desired raw material on time can have an adverse effect on the company’s business operations and cash flows.
  • The company’s revenue is majorly derived from exports to the US. Any changes or instability in the US market or any restrained political relations between India and USA can adversely impact the company financials.
  • The business is capital-intensive. Insufficient cash flows or inability to borrow funds to meet working capital requirements can significantly impact business operations.
  • A delay in setting up the Proposed Facility or cost overruns regarding the same can have a material adverse impact on the business operations, growth prospects, and financial condition of the company.
  • The company’s office premises and units are located on leasehold bases. If the agreements are terminated or not renewed, it can materially impact the business.
  • The company is in the process of expanding to regions where they don’t have a significant presence or prior experience. Failure to expand to these regions can affect the sales and cash flows of the company.
  • In the past, the company has entered into related party transactions and may do so in the future as well. This can potentially have conflicts of interest with equity shareholders.
  • The company has borrowed funds from commercial banks. An inability to make repayment can adversely affect business results and financial performance.
  • Through a wholly owned subsidiary, the company is setting up a Proposed Facility for manufacturing in Dubai. Such a facility may not be profitable or justify the investment, adversely impacting growth, operations, and finances.
  • The company, along with its promoters and directors, is party to certain legal proceedings. An unfavourable outcome in such proceedings can adversely impact the company’s reputation, operations, and cash flows.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular133 - 140₹2 Lakh
High Networth Individual133 - 140₹2 - 5 Lakh
For Global Surfaces IPO, eligible investors can apply as Regular.
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