Global Surfaces Limited IPO
Global Surfaces Limited was a mainboard IPO in the Granites & Marbles sector, offered at ₹133–₹140 per share to raise ₹155 crore. The issue was subscribed 12.21× overall (QIBs 8.95×, NIIs 33.1×, retail 5.12×). It listed on 23 Mar 2023 at ₹164 and closed its first day at ₹171, a listing gain of +22.2% versus the ₹140 issue price. It now trades around ₹25 (-82.3% versus the issue price).
Frequently asked questions
- How many times was the Global Surfaces Limited IPO subscribed?
- The Global Surfaces Limited IPO was subscribed 12.21× overall — 8.95× in the QIB category, 33.1× among non-institutional investors, 5.12× in retail.
- What were the Global Surfaces Limited IPO listing gains?
- Global Surfaces Limited listed on 23 Mar 2023 at ₹164, closing its first day at ₹171 — a listing gain of +22.2% versus the ₹140 issue price.
- What were the retail allotment odds for the Global Surfaces Limited IPO?
- Retail was subscribed 5.12×, so a single-lot application had roughly a 19.5% chance of allotment (about 1 in 5), and allotment was finalised on 17 Mar 2023.
- What was the price band and lot size of the Global Surfaces Limited IPO?
- The price band was ₹133–₹140 per share, with a minimum lot of 100 shares (₹14,000 at the upper band).
- Who were the registrar and lead manager for the Global Surfaces Limited IPO?
- Bigshare Services Private Limited was the registrar, and Unistone Capital was the book-running lead manager.