Global Surfaces IPO Subscribed Over 12 Times By The Final Day
Global Surfaces Ltd IPO got subscribed 12.21 times on the last day, at a price band of ₹133-140. The company processes natural stones & manufactures engineered quartz. The Initial Public Offering (IPO) of Global Surfaces Ltd. was subscribed to 12.21 times on Wednesday, the final day of the sale. In response to the offer, which included 77.49 lakh shares, bids for 9.46 crore equity shares were received. The business specified a price range of $133 to $140 per share. Non-Institutional Investors (NIIs) part received 33.10 times the number of subscriptions expected. Retail Individual Investors (RIIs) received 5.12 times as many subscriptions as the Qualified Institutional Buyers (QIBs) part of the quota. Market watchers report that today’s gray market premium (GMP) for Global Surfaces shares is $18. On Thursday, March 23, 2023, the company’s shares are anticipated to list on the top stock exchanges BSE and NSE. On March 20, 2023, the foundation for the share allotment...