Global Surfaces IPO: Strong earning opportunity! This IPO is making a splash in the gray market, the issue will open for subscription today – ipo of global surfaces limited will open for subscription today
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Great performance in the gray market
The company’s performance in the gray market is looking great. According to market experts, the company is trading at a premium of Rs 45. If it remains like this till the listing, then it can be launched in the stock market around Rs 185. Explain that in the financial year ending March 31, 2022, the company’s total revenue was Rs 198 crore. In this, after paying tax, the net profit of the company was Rs 35 crore. The company’s revenue in the first half of the financial year has been Rs 99 crore. The company wants to generate revenue of Rs 155 crore through IPO.
Investors broke down to buy shares of this company, ₹ 1 lakh became ₹ 39 lakh, bonus shares given 2 times
The allotment of shares will take place on March 20.
The Global Surfaces IPO has opened for anchor investors on March 10 itself. The allotment of its shares will be final on March 20. Its listing will be on March 23. Up to 85.2 lakh new equity shares will be issued under this IPO of Global Surface. In addition, 25.5 lakh shares will be sold by the existing shareholders and promoters of the company under Offer for Sale (OFS).
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