News Details

( As on 23/03/2023 09:50)

Global Surfaces Ltd. debuts with 16.42% premium at Rs 163.00

Global Surfaces Ltd. makes a strong debut on the bourses with scrip got listed at Rs 163.00 on the Bombay Stock Exchange, a 16.42 per cent premium to its issue price of Rs 140.00. On the National Stock Exchange, the stock was listed at Rs 164.00.

The company, which raised 1.11 Cr from initial public offering, was subscribed 10.70 times, receiving bids for 1,184.49 lakhs shares against the total issue size of 110.70 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Mar 13 to Mar 15.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for .

Unistone Capital Pvt. Ltd. as lead managers & Bigshare Services Private Limited. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 58,214.59, up 139.91 points, or 0.24 per cent.