Global Surfaces IPO- Global Surfaces, a well-known name in the flooring industry, has recently announced its Initial Public Offering . The IPO will be available for subscription from [March 13]. This IPO has been highly anticipated, with many investors and industry experts eagerly waiting to see how it performs.
In this article, we will take a deep dive into the Global Surfaces IPO, analyzing the company’s history, current financial situation, and future prospects. We will also provide a detailed analysis of the IPO price, allotment process, and offer valuable insights into whether investing in the Global Surfaces IPO is a good idea.
Global Surfaces IPO Tentative Timetable
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 13, 2023 |
| Closing Date | Mar 15, 2023 |
| Basis of Allotment | Mar 20, 2023 |
| Initiation of Refunds | Mar 21, 2023 |
| Credit of Shares to Demat | Mar 22, 2023 |
| Listing Date | Mar 23, 2023 |
Company Overview
Global Surfaces is a leading flooring solutions provider that offers a wide range of products and services. The company has been in operation for 18years and has a proven track record of providing high-quality flooring solutions to both residential and commercial clients.
Financial Performance
The company’s financial performance has been impressive over the years, with steady revenue growth and healthy profit margins.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 128.73 | 165.78 | 20.96 | 64.48 | 58.03 | 53.49 |
| 31-Mar-21 | 159.00 | 179.00 | 33.93 | 98.43 | 91.98 | 37.46 |
| 31-Mar-22 | 236.48 | 198.36 | 35.63 | 134.04 | 100.17 | 37.28 |
| 30-Sep-22 | 280.20 | 99.25 | 13.59 | 148.93 | 115.07 | 50.52 |
Market Position
Global Surfaces has a strong market position in the flooring industry, with a loyal customer base and a diverse product portfolio. The company’s products are known for their durability, quality, and affordability, making them a popular choice among consumers.
Global Surfaces IPO Details
| IPO Open: | March 13, 2023 |
| IPO Close: | March 15, 2023 |
| IPO Size: | Approx ₹[147-155] Crores |
| Fresh Issue: | Approx ₹[.] Crores |
| Offer for Sale: | Approx ₹[.] Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[133] to ₹[140] Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Should You Invest in the Global Surfaces IPO?
Investing in an IPO can be a high-risk, high-reward proposition, and it is essential to make an informed decision. Based on our analysis, we believe that investing in the Global Surfaces IPO can be a good opportunity for investors looking to enter the flooring industry.
The company has a strong financial position, a proven track record of success, and a solid market position. Furthermore, the flooring industry is expected to grow significantly in the coming years, providing ample growth opportunities for Global Surfaces.
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Conclusion
In conclusion, the Global Surfaces IPO is an exciting opportunity for investors looking to enter the flooring industry. The company has a strong market position, a proven track record of success, and a healthy financial position. We recommend that investors conduct their due diligence and consult with a financial advisor before making any investment decisions.
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