Global Surfaces IPO subscription opens today: Check price band, allotment date and listing date

Global Surfaces IPO Subscription: The initial public offering (IPO) of Global Surfaces, which is into processing natural stones and manufacturing engineered quartz, will open for subscription today, March 13. The subscription window of Global Surfaces will close on March 15.

Global Surfaces IPO Price Band

Global Surfaces IPO has set a price band of Rs 133-140 a share for its IPO. The IPO comprises the fresh issuance of 85.20 lakh equity shares and an offer for sale (OFS) of up to 25.5 lakh equity shares by promoters -- Mayank Shah and Sweta Shah. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO.

Global Surfaces IPO Allotment Date

The tentative allotment date of Global Surfaces IPO is March 20.

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Global Surfaces IPO Allotment Status Link

Bidders can check their status on the official website of the registrar. The official registrar of Global Surfaces IPO is Bigshare Services Pvt Ltd -- https://www.bigshareonline.com/

Besides, bidders can also check the allotment status on the BSE website -- bseindia.com.

Global Surfaces IPO listing date and time NSE, BSE

Shares of Global Surfaces IPO will list on both BSE and NSE on March 23. While the special pre-open session will start at 9:45 AM, the trading will begin at 10 PM. 

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Funds raised through fresh issuance will be used for setting up the company's proposed facility -- Global Surfaces FZE -- in Dubai.

Half of the issue size has been reserved for qualified institutional buyers, up to 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Unistone Capital is the sole book-running lead manager to the issue.

Read- Exclusive: Global Surfaces MD Mayank Shah says US recession not impacting demand; UAE expansion to boost revenues