{"id":28092,"date":"2023-03-06T13:55:12","date_gmt":"2023-03-06T08:25:12","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=28092"},"modified":"2023-05-05T16:18:15","modified_gmt":"2023-05-05T10:48:15","slug":"global-surfaces-limited-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/global-surfaces-limited-ipo\/","title":{"rendered":"Global Surfaces Limited IPO"},"content":{"rendered":"\t\t
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Global Surfaces Limited plans to raise Rs 154.98 crore through an initial public offering. The subscription for the IPO opens on March 13 and closes on March 15. The price band is fixed Rs 133 – 140 per equity share. The face value is set at Rs 10 apiece.\u00a0<\/p>

The IPO comprises of fresh issue of shares aggregating up to Rs 119.28 crore and offer for sale totalling up to Rs 35.7 crore.\u00a0\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Company Summary<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Global Surfaces Limited is engaged in the business of processing natural stones and manufacturing engineered quartz. The company has two units, one located at RIICO Industrial Area, Jaipur, Rajasthan and the other at Mahindra World City SEZ, Jaipur, Rajasthan for processing and manufacturing of its products.<\/p>\n

The company\u2019s Unit I is strategically located in close proximity of the key raw material i.e. blocks of natural stones, which helps the company in sourcing their raw materials and also minimize the logistics and transportation cost.<\/p>\n

The company\u2019s Unit II is dedicated towards manufacturing engineered quartz. This Unit is also equipped with a R&D facility to develop, improve and test their products which assists the company in keeping pace with the ever evolving market trends and demands. Both the Units are located in close proximity.<\/p>\n

The company\u2019s products have application in flooring, wall cladding, countertops, cut-to size and other items. The firm\u2019s products are used in both commercial and residential industry and are sold in domestic and overseas markets. Majority of the company\u2019s operational revenues comprise of export sales. The company is focused on exporting their products and their important export markets are the US, Canada, Australia, and Middle East.<\/p>\n

The company is promoted and managed by its Managing Director and Promoter, Mayank Shah, who has been instrumental in the growth of the company. Shah has played a key role in reviving and turning around a sick and closed unit (i.e. Unit I) into a profitable venture, facilitating technology upgradation in the production process, diversification of business into engineered quartz and ventured into previously untapped markets.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Company Strengths<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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