What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Global Surfaces Limited IPO?

Based on the upper price band of ₹140 and current GMP of ₹20, the estimated listing price is ₹160 (approx. 14.3% gain).

What is the expected profit per lot for Global Surfaces Limited IPO?

With a lot size of 100 shares and current GMP of ₹20, expected profit per retail application lot is approximately ₹2,000.

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Grey Market Intelligence

Global Surfaces Limited

ListedMainboard

Manufacturing · NSE / BSE

Incorporated in 1991, Global Surfaces Limited specializes in processing natural stones and manufacturing engineered quartz products. The company’s product range includes granite, marble, limestone, quartzite, sandstone, and other natural stones sourced through complex geological processes. It operates two production units located in Jaipur, Rajasthan — one at RIICO Industrial Area, Bagru Extn, and the other at Mahindra World City SEZ — both dedicated to processing and manufacturing. Global Surfaces’ products are widely used in flooring, wall cladding, countertops, and other architectural applications across commercial and residential sectors in India and abroad.

Price Band

₹133 – ₹140

Issue Size

₹155 Cr

Lot Size

100 shares

GMP

₹20

+14.3%

Est. Listing

₹160

at current GMP

Subscribed

12.21x

overall

Open

13 Mar 2023

15 Mar 2023

Allotment

20 Mar 2023

Refund

21 Mar 2023

Demat Credit

22 Mar 2023

Listing

23 Mar 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Global Surfaces Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹20+14.3%

Issue Price (Upper)

₹140

Band: ₹133 – ₹140

Estimated Listing Price

₹160

Upper price + GMP

Lot Size

100 shares

Min investment ₹14,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹20	14.3%	₹160
30 Oct 2026	+₹20	14.3%	₹160
29 Oct 2026	+₹18	12.9%	₹158

About Global Surfaces Limited Public Issue & Market Profile

Global Surfaces Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹154.98 Crores. The shares are offered at a price band of ₹133 to ₹140 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2023-03-15, the basis of allotment is scheduled to be finalized on 2023-03-20. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Global Surfaces Limited IPO GMP today?

The latest grey market premium for Global Surfaces Limited IPO is ₹20, which indicates an expected listing price of ₹160.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.