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15 Days Price Change

Global Surfaces IPO

Closing In

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Issue Size --
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Price Range 133  to  140 per share
Profile
Min Investment ₹140
Profile
Lot Size 1
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Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Global Surfaces Limited is an Indian company that specializes in the production and distribution of engineered stones and other surface materials. The company was established in 2005 and is headquartered in Mumbai, Maharashtra. Global Surfaces Limited offers a wide range of products, including quartz, marble, and granite surfaces that are used in various applications such as kitchen countertops, bathroom vanities, flooring, and wall cladding. The company's products are known for their durability, aesthetics, and low maintenance. Global Surfaces Limited has a state-of-the-art manufacturing facility that is equipped with the latest technology and machinery. The company's production process is designed to ensure that its products meet the highest standards of quality and consistency. In addition to its core business of surface material production, Global Surfaces Limited also provides various services, including installation and after-sales support. The company has established a strong distribution network, which enables it to reach customers across India and provide them with timely and efficient service. Read More

Basic Info

Face Value 10 per share

Price 133  to  140 per share

P/E (x) -20.9

Sales( Cr.) 208

PAT( Cr.) -29

EPS -6.7

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Mayank Shah

Pre Issue Share Holding 99.35%

Post Issue Share Holding --%

Listing Details:

Listing Price: 164

Listing Gain: 14.63%

Current Price: 54.4

Gain On Issue: 54.4 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Mar 13, 2023
Closing Date Mar 15, 2023
Allotment Mar 16, 2023
Refund Mar 17, 2023
Delivery of Shares Mar 17, 2023
Listing Date Mar 20, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 100 14,000
Retail (Max) 14 1400 196,000
S-HNI (Min) 15 1500 210,000
S-HNI (Max) 71 7100 994,000
B-HNI (Min) 72 7200 1,008,000

Objective of the Issue

1. Investment in the wholly owned subsidiary, Global Surfaces FZE for part-financing its capital expenditure requirements in relation to the setting up of a manufacturing facility for engineered quartz at The Jebel Ali Free Zone, Dubai, United Arab Emirates (UAE) 2. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 5535000 49538250 9x
NII 1660500 54962550 33.1x
Retail 3874500 19837440 5.1x
EMP 0 0 0x
Total 11070000 135164700 12.2x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Global Surfaces Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 163 175 190 178 225 208
Other Income 2 4 8 3 4 7
Total Income 166 179 198 181 229 215
Total Expenditure 123 128 149 143 190 206
Operating Profit 43 51 50 38 39 9
Interest 5 3 3 4 5 15
Depreciation 17 13 11 9 9 19
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 21 35 36 25 25 -25
Provision for Tax -0 1 0 1 5 4
Profit After Tax 21 34 36 24 20 -29
Adjustments 0 0 0 0 -1 0
Profit After Adjustments 21 34 36 24 19 -29
Adjusted Earnings Per Share 6.2 10 10.5 5.7 4.4 -6.7

Global Surfaces Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 64 98 134 261 331 302
Minority's Interest 0 0 0 0 2 2
Borrowings 14 6 11 19 52 52
Other Non-Current Liabilities -6 -11 24 24 25 29
Total Current Liabilities 50 53 49 136 90 153
Total Liabilities 122 147 218 440 500 538
Fixed Assets 60 54 88 89 294 286
Other Non-Current Assets 3 6 14 136 6 9
Total Current Assets 59 88 116 216 200 242
Total Assets 122 147 218 440 500 538

Global Surfaces Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 1 5 2 7 3
Cash Flow from Operating Activities 54 32 28 27 -37 -31
Cash Flow from Investing Activities -11 -8 -28 -205 9 -6
Cash Flow from Financing Activities -46 -19 -3 183 24 37
Net Cash Inflow / Outflow -3 5 -3 4 -4 0
Closing Cash & Cash Equivalent 1 5 2 7 3 3

Global Surfaces Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 6.19 10.02 10.52 5.72 4.41 -6.73
CEPS(Rs) 11.17 13.86 13.71 7.94 6.77 -2.42
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 19.04 29.07 39.58 61.66 66.21 59.57
Core EBITDA Margin(%) 24.69 26.98 21.97 19.94 15.52 0.93
EBIT Margin(%) 15.89 21.63 20.53 16.21 13.21 -4.57
Pre Tax Margin(%) 12.69 19.69 18.97 14.2 11.21 -12.01
PAT Margin (%) 12.84 19.35 18.72 13.61 8.78 -13.92
Cash Profit Margin (%) 23.16 26.77 24.39 18.91 12.74 -4.93
ROA(%) 17.17 25.23 19.51 7.36 4.21 -5.57
ROE(%) 32.51 41.66 30.66 12.26 7.3 -10.84
ROCE(%) 21.99 29.89 25.43 10.43 7.34 -2.15
Receivable days 62.74 70.63 75.54 85.04 124.63 208.78
Inventory Days 52.79 60.64 78.21 93.13 97.78 150.74
Payable days 40.32 61.83 74.21 75.52 84.42 152.99
PER(x) 0 0 0 28.76 52.23 0
Price/Book(x) 0 0 0 2.67 3.48 1.8
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.36 0.21 0.36 3.95 4.75 2.88
EV/Core EBITDA(x) 1.37 0.73 1.37 18.39 27.65 65.3
Net Sales Growth(%) 0 7.4 8.52 -6.44 26.52 -7.83
EBIT Growth(%) 0 46.24 2.98 -26.13 3.1 -131.89
PAT Growth(%) 0 61.86 5.02 -31.99 -18.38 -246.1
EPS Growth(%) 0 61.86 5.02 -45.66 -22.83 -252.59
Debt/Equity(x) 0.83 0.38 0.28 0.46 0.35 0.6
Current Ratio(x) 1.18 1.66 2.37 1.59 2.22 1.58
Quick Ratio(x) 0.71 1 1.41 1.27 1.37 0.96
Interest Cover(x) 4.97 11.13 13.19 8.09 6.61 -0.61
Total Debt/Mcap(x) 0 0 0 0.17 0.1 0.34

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -8% 3% 5% 0%
Operating Profit CAGR -77% -44% -27% 0%
PAT CAGR -245% NAN% NAN% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -57% -35% NA% NA%
ROE Average -11% 3% 16% 19%
ROCE Average -2% 5% 14% 15%

Company Contact Information

Global Surfaces Ltd.

Plot No. P A-10-006 Engineering & Related Industries S E Z Mahindra World City Tehsil- Sanganer

IPO Lead Manager(s)

Global Surfaces Ltd.

Unistone Capital Pvt Ltd.

Registrar Info

Global Surfaces Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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