Global Surfaces Ltd, which is engaged in the business of processing natural monuments and manufacturing finagled quartz, has filed primary papers with Sebi to mop up finances through an original public immolation (IPO).
The IPO comprises fresh allocation of85.20 lakh equity shares and an offer- for- trade (OFS) of over to25.5 lakh equity shares by promoters—- Mayank Shah and Sweta Shah, according to the draft red herring prospectus (DRHP). Finances raised through fresh allocation of equity shares will be used for setting up the company’s proposed installation– Global shells FZE– in Dubai.
For FY22, the company posted a profit after duty of Rs35.63 crore as compared to Rs33.93 crore in FY21 and its total income was at Rs198.35 crore as against Rs 179 crore in FY21. Unistone Capital is the sole book running lead director to the issue. The equity shares of the company will be listed on the BSE and NSE
Global Surfaces Ltd
WHO WE ARE?
Global Surfaces LTD is a world-renowned company of Indian origin, a leading reference in the mining, production, and export of natural stones and engineered quartz. A critical contributor to the worldwide stone industry, the company has expanded its horizon from stones to multi-dimensional business and emerged with a new identity-Global Surfaces Ltd.
Born as Global Stones in 2004 in Jaipur, Rajasthan, Global Surfaces Ltd. has grown progressively and created new avenues of growth in the international markets under the guidance of visionary Director Mr. Mayank Shah.
WHAT DO WE DO?
We offer a wide range of products and stones like-granite, marble, soft quartzite, soapstone and phyllite in slab and countertops customized according to different sizes, shapes, forms, and colours. Our experience in the stone industry and positioning as a global leader in the natural stone industry has inspired us to revolutionized quartz into breath-taking surfaces.
Global Surfaces LTD is a leading granite /marble and quartz company globally acclaimed for maintaining consistent international standard quality from the beginning of the process until the end. Our cutting-edge technologies and state-of-the-art facility are the most important variables that define how Global Surfaces LTD manufacture the exquisite world-class range of products.
OUR PURPOSE, VALUES & GOALS
Our primary focus at Global Surfaces LTD would always be a satisfied customer experience. We try to understand our customer’s needs like our own and deliver nothing but the best while customizing products to their needs. We have embraced sustainability as an opportunity. We support the efforts to keep our natural resources and minerals thriving while innovating and working on the better ways to manufacture our products more sustainably.
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