You are here: Home » Markets » IPOS » News
Technocraft Industries hits record high; stock zooms 40% in 5 weeks
Business Standard

Global Surfaces IPO subscribed 12.2 times on strong HNI, retail interest

The rich investor portion was covered 33 times compared with 5.1 times for the retail participant; QIB portion was muted at 9%


BS Reporter  |  Mumbai 


The IPO of Global Surfaces garnered 12.2 times subscription. The retail portion of the issue was subscribed 5.1 times, while the high networth portion (HNI) was covered 33 times. The institutional investor portion of the issue was subscribed nearly 9 per cent.

Through the IPO, Global Surfaces issued new shares worth about Rs 120 crore. The offering also consisted of secondary share sale worth Rs 36 crore. The price band for the IPO was Rs 133-140 per share.

Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, March 15 2023. 17:36 IST