Business Standard

Global Surfaces Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

154.98 cr

Price Range (₹)

140

Lot Size

100

Min Investment (₹)

14,000.00

Listing Exchange

MumbaiNSE

Open Date

13-Mar-2023

Close Date

15-Mar-2023

Listing Date

23-Mar-2023

Global Surfaces Ltd News

    The Shares of Global Surfaces Ltd have now been listed.

    Global Surfaces Ltd IPO Details

    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^ crores by the selling shareholders and such equity shares offered by the selling shareholders, the Offered Shares) (such offer by each of the selling shareholders, the Offer for Sale and together with the fresh issue, the Offer). The offer constitutes 26.12%^ of the fully-diluted post-offer paid-up equity share capital of the company.^Subject to finalisation of basis of allotmentThe face value of equity shares is Rs. 10 each. The offer price is 14 times the face value of the equity shares.Bids can be made for a minimum of 100 equity shares and in multilpes of 100 equity shares thereafter.

    Objective of issue

    Investment in global surfaces fze for part financing its capital expenditure requirements in relation to the setting up of the proposed facility. General corporate purposes.

    Global Surfaces Ltd Contact Details

    Global Surfaces Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@globalsurfaces.in

    Website - www.globalsurfaces.in