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Global Surfaces

Global Surfaces is a company that processes natural stones and manufactures engineered quartz. They have two factories, one in Bagru, Jaipur, Rajasthan and the other in Mahindra World City SEZ, Jaipur, Rajasthan.

The first factory is 20,488 square meters and was acquired in 2004. It is dedicated to processing natural stones such as marble, granite, and quartzite.

The second factory is 24,139.08 square meters and was set up in 2017. It is dedicated to manufacturing engineered quartz and has a R&D facility for product development, improvement, and testing.

In 2022, approximately 99% of the company’s revenue came from exports. They have exported to the United States, Canada, Australia, and the Middle East.

Global Surfaces IPO Details

Signature Global IPO Details
Global Surfaces IPO Dates
13 – 15 March 2023
Global Surfaces IPO Price
INR 133 – 140 per share
Fresh issue
8,520,000 shares (INR 119.28 crore)
Offer For Sale
2,550,000 shares (INR 35.7 crore)
Total IPO Size
11,070,000 shares (INR154.98 crore)
Minimum bid (size)
100 (INR 14,000)
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
NSE, BSE

Global Surfaces’ Financial Performance

Signature Global Financial Performance

FY2020

FY2021

FY2022

H1 FY 2023

Revenue

163.29

175.37

190.31

97.98

Expenses

145.06

144.47

162.25

85.03

Net income

20.84

33.95

35.73

14.89

Margin (%)

12.8

19.4

18.8

15.2

Figures in INR Crore unless specified otherwise

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