Highlights

  • Global Surfaces IPO Price band had been set between ₹133-140 per share
  • As per reports, shares are commanding a premium of ₹35 in the grey market
  • Company expected to list on March 23rd

Latest news

RBI focuses on expanding UPI for cross-border payments

RBI focuses on expanding UPI for cross-border payments

Fardeen Khan's cinematic return: eyeing Bollywood & South

Fardeen Khan's cinematic return: eyeing Bollywood & South

Maharashtra CM advocates lawful approach to Aurangzeb Tomb Issue

Maharashtra CM advocates lawful approach to Aurangzeb Tomb Issue

Controversy & Triumph: India's glory in Champions Trophy 2025

Controversy & Triumph: India's glory in Champions Trophy 2025

India imposes anti-dumping duty on Trichloroisocyanuric Acid imports

India imposes anti-dumping duty on Trichloroisocyanuric Acid imports

Rohit Sharma dispels ODI retirement rumors post champions trophy win

Rohit Sharma dispels ODI retirement rumors post champions trophy win

Modi's Mauritius Visit: New chapter in India-Mauritius relations

Modi's Mauritius Visit: New chapter in India-Mauritius relations

Shiv Sena's Rajpurohit detained for extortion allegations

Shiv Sena's Rajpurohit detained for extortion allegations

Global Surfaces IPO opens today till March 15th

Global Surfaces Ltd., a company that processes natural stones and creates tailored quartz, opened subscriptions for its initial public offering (IPO) on Monday, March 13, and it will run through till  Wednesday, March 15

Global Surfaces IPO opens today till March 15th

Subscriptions for the Global Surfaces Ltd IPO have opened today and will remain open until the 15th of March. The company, which processes natural stones and creates engineered quartz, had set its price band ₹133-140 per share.

The promoters, Mayank Shah and Sweta Shah, are selling up to 25.5 lakh equity shares through an offer for sale in addition to a new 85.20 lakh equity shares.

The money raised through the new issuance will go towards building the company's planned facility, Global Surfaces FZE, in Dubai.

“In terms of financial performance, the company reported total revenue of ₹198 crore for the fiscal year ended March 31, 2022, reporting an after-tax net profit of ₹35 crore. For the six months period that ended September 30, 2022, the company has reported revenue of ₹99 crore and profit after tax of ₹13.6 crore. Manish Khanna, Co-Founder at Unlisted Assets, told Mint.

The company is expected to raise Rs 155 crore from the IPO at the upper end of the price band.

ADVERTISEMENT

Up Next

Global Surfaces IPO opens today till March 15th

Global Surfaces IPO opens today till March 15th

Global stock market indices: How the world markets performed today - 07 March 2025

Global stock market indices: How the world markets performed today - 07 March 2025

Indian stock market sector-wise performance today - March 10, 2025

Indian stock market sector-wise performance today - March 10, 2025

Top 5 Nifty 50 gainers today – March 10, 2025: Biggest stock moves

Top 5 Nifty 50 gainers today – March 10, 2025: Biggest stock moves

NSE Nifty 50: Top 5 stock losers of March 10, 2025

NSE Nifty 50: Top 5 stock losers of March 10, 2025

Indian stock market sector-wise performance today - March 07, 2025

Indian stock market sector-wise performance today - March 07, 2025

ADVERTISEMENT

editorji-whatsApp

More videos

NSE Nifty 50: Top 5 stock losers of March 07, 2025

NSE Nifty 50: Top 5 stock losers of March 07, 2025

Top 5 Nifty 50 gainers today – March 07, 2025: Biggest stock moves

Top 5 Nifty 50 gainers today – March 07, 2025: Biggest stock moves

Global stock market indices: How the world markets performed today - 06 March 2025

Global stock market indices: How the world markets performed today - 06 March 2025

Indian stock market sector-wise performance today - March 06, 2025

Indian stock market sector-wise performance today - March 06, 2025

Top 5 Nifty 50 gainers today – March 06, 2025: Biggest stock moves

Top 5 Nifty 50 gainers today – March 06, 2025: Biggest stock moves

NSE Nifty 50: Top 5 stock losers of March 06, 2025

NSE Nifty 50: Top 5 stock losers of March 06, 2025

Global stock market indices: How the world markets performed today - 05 March 2025

Global stock market indices: How the world markets performed today - 05 March 2025

Indian stock market sector-wise performance today - March 05, 2025

Indian stock market sector-wise performance today - March 05, 2025

Top 5 Nifty 50 gainers today – March 05, 2025: Biggest stock moves

Top 5 Nifty 50 gainers today – March 05, 2025: Biggest stock moves

NSE Nifty 50: Top 5 stock losers of March 05, 2025

NSE Nifty 50: Top 5 stock losers of March 05, 2025

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.