Global Surfaces IPO
Engineered Stone / Surfaces Exports - Listed on 23 March 2023
Global Surfaces IPO listing summary
Global Surfaces (Engineered Stone / Surfaces Exports) closed its IPO window in 2023 and listed on NSE and BSE on 23 March 2023 at an upper band issue price of Rs 140, opening at Rs 164 for a listing gain of +17.1% and closing day one at Rs 171.1 (+22.2% on closing basis). The IPO was subscribed 12.21x overall - QIB 8.95x, HNI/NII 33.10x, Retail 5.12x. The total issue size was Rs 154.98 Cr (Fresh Issue Rs 119.28 Cr, OFS Rs 35.7 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Global Surfaces IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 40 | +28.57% |
| Day 2 | Rs 40 | +28.57% |
| Day 3 | Rs 40 | +28.57% |
| Day 4 | Rs 45 | +32.14% |
| Day 5 | Rs 35 | +25.00% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Global Surfaces IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Global Surfaces IPO - FAQs
What was the listing gain of Global Surfaces IPO?
Global Surfaces IPO listed at +17.1% versus the upper issue price of Rs 140 on 23 March 2023.
How many times was Global Surfaces IPO subscribed?
Global Surfaces IPO was subscribed 12.21x overall. QIB portion was subscribed 8.95x, HNI / NII 33.10x and Retail 5.12x.
What was the IPO GMP for Global Surfaces?
IPO GMP started at Rs 40 on Day 1 and moved to Rs 35 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.