The first share sale of Global Surfaces Ltd, which is engaged in the processing of natural stone and the manufacture of engineered quartz, opens for public subscription on March 13th.
The initial public offering (IPO) will close on March 15, while the tender for anchor investors will open on March 10, the Red Herring prospectus (RHP) filed with Sebi showed on Tuesday.
The IPO includes the issuance of 85.20 lakh shares and an offer to sell up to 25.5 lakh shares by the promoters – Mayank Shah and Sweta Shah.
Funds raised through the new share issue will be used to build the Company’s planned facility – Global Surfaces FZE – in Dubai.
For FY22 the company recorded profit after tax of Rs.35.63 crore compared to Rs.33.93 crore in FY21.
Unistone Capital is the sole book-running lead manager on the issue. The company’s shares are listed on the BSE and NSE.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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