
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
+14.3%
Est. Listing
₹160
at current GMP
Subscribed
12.21x
overall
Open
13 Mar 2023
Close
15 Mar 2023
Allotment
20 Mar 2023
Refund
21 Mar 2023
Demat Credit
22 Mar 2023
Listing
23 Mar 2023
Overall Subscription
12.21x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 5,535,000 | — | 0.00x |
| Non-Institutional (NII / HNI) | 1,660,500 | — | 0.00x |
| Retail Individual (RII) | 3,874,500 | — | 0.00x |
| Total | 11,070,000 | 0 | 12.21x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 38,745 | 473,076 | 12.21x |
| HNIs (10L +) | 248 | 3,028 | 12.21x |
| HNIs (2-10L) | 1,186 | 14,481 | 12.21x |
| Total Applications | 40,179 | 490,585 | 12.21x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
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.
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.
The latest Grey Market Premium (GMP) for Global Surfaces Limited IPO is ₹20 per equity share. Based on the upper price band of ₹133 to ₹140 per equity share, the estimated listing price is ₹160 (+14.3% expected listing gain).
With a lot size of 100 shares and current GMP of ₹20, the expected profit per application lot is approx ₹2,000 (+14.3% gain). Minimum application cost is approx ₹14,000.
The Global Surfaces Limited IPO aggregate issue size is ₹154.98 Crores with an equity price band set at ₹133 to ₹140 per equity share. The retail lot size is 100 shares requiring a minimum capital outlay of approx. ₹14,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 12.21x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2023-03-20. Investors can verify status using PAN card or application number.
Global Surfaces Limited shares are scheduled to list on NSE and BSE on 2023-03-23.