Global Surfaces IPO: A Comprehensive Review

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.

Global Surfaces Limited Financial Information (Restated Consolidated)
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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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.

Global Surfaces IPO

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