Global Surfaces Limited IPO – Review
Global Surfaces Limited – a leading reference in the mining, production, and export of natural stones and engineered quartz is planning to raise INR 155 Crore via IPO [Fresh Issue 119.30 Cr + 35.70 Cr OFS]
global surfaces limited share price for IPO is fixed at INR 133 – 140
global surfaces ltd: History
The Company was originally incorporated under the provisions of the Companies Act, 1956 as Swastic Niwas Private Limited in the year 1991, as a private limited company vides Certificate of Incorporation issued by Registrar of Companies (RoC), West Bengal, India.
In the year 2021, the company was converted into a public limited company and the name was changed to Global Surfaces Limited under a Special Resolution passed by the shareholders of the Company at the Extra-Ordinary General Meeting (OGM) and a fresh Certificate of Incorporation dated October 21, 2021, was issued by the RoC, Jaipur.
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global surfaces ltd: Business
global surfaces ltd is engaged in the business of processing natural stones and manufacturing engineered quartz.
The company offers a wide range of products and stones like – granite, marble, soft quartzite, soapstone, and phyllite in slab and countertops customized according to different sizes, shapes, and colors.
global surfaces ltd is a leading granite/marble and quartz company globally acclaimed for maintaining consistent international standard quality from the beginning of the process until the end.
The company’s products have applications in countertops, flooring, wall cladding, cut-to-size and other items, and its products are used in both residential as well as commercial industries and are sold within the country and outside India.
Manufacturing Facilities
global surfaces ltd has 2 units for processing and manufacturing its products –
- one is located at RIICO Industrial Area (spread across 20,448 sq.mtrs) in Jaipur, Rajasthan, India and
- the second unit is located at Mahindra World City SEZ (spread across 24,139.08 sq.mtrs) in Jaipur, Rajasthan
Strategies Ahead
- Increasing global footprint and augmenting growth in current geographies
- Setting up a strategically located manufacturing facility
- Continue to expand product portfolio by introducing new designs
- Technology integration and plant automation to improve productivity
Company Promoters
global surfaces ltd promoted and managed by Mr. Mayank Shah
IPO Details
Dates = 13 March 2023 to 15 March 2023
Minimum Investment Amount = INR 14000
Face Value (FV) = INR 10
Minimum Bid = 100 Shares
Listing On = BSE, NSE
Book Running Lead Managers
Unistone Capital Private Limited,
Financials
Conclusion
FinBlab recommends SUBSCRIBE ratings on global surfaces ltd ipo
Previous IPO – divgi torqtransfer systems ipo
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