Global Surfaces IPO GMP History
Global Surfaces IPO has been listed on March 23, 2023 at a listing price of ₹164, against the issue price of ₹140 — a gain of ₹24 (+17.14%). The GMP peaked at ₹50 on 9 March 2023 and reached a low of ₹12 on 21 March 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Global Surfaces IPO raised ₹154.98 Cr. through its IPO at a price band of ₹133 to ₹140 per share, with a lot size of 100 shares. The IPO was open for subscription from 13 Mar 2023 to 15 Mar 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:47 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 21 Mar 2023 | ₹ 12 | ▼ | 9% | — | — |
| 20 Mar 2023 | ₹ 15 | — | 11% | — | — |
| 18 Mar 2023 | ₹ 15 | — | 11% | — | — |
| 17 Mar 2023 | ₹ 15 | ▼ | 11% | — | — |
| 16 Mar 2023 | ₹ 20 | ▼ | 14% | — | — |
| 15 Mar 2023 | ₹ 35 | ▼ | 25% | — | — |
| 14 Mar 2023 | ₹ 45 | ▲ | 32% | — | — |
| 13 Mar 2023 | ₹ 40 | — | 29% | — | — |
| 11 Mar 2023 | ₹ 40 | ▼ | 29% | — | — |
| 10 Mar 2023 | ₹ 45 | ▼ | 32% | — | — |
| 09 Mar 2023 | ₹ 50 | — | 36% | — | — |
| 08 Mar 2023 | ₹ 50 | — | 36% | — | — |
Global Surfaces IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 13 Mar 2023
- Close 15 Mar 2023
- Allotment 20 Mar 2023
- Refund/credit 21 Mar 2023
- Listing 23 Mar 2023
Global Surfaces IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹140 |
|---|---|
| GMP-based estimate (pre-listing) | ₹152 (+8.6%) |
| Listing gain / loss | +₹24 per share |
| Listing date | 23 Mar, 2023 |
| Actual listing price | ₹164 (+17.14%) |
Is Global Surfaces IPO GMP reliable?
Grey market premium for Global Surfaces IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Global Surfaces IPO full review for a fundamentals-based assessment before making any grey market trades.
Global Surfaces IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Global Surfaces IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Global Surfaces IPO
Global Surfaces Limited was incorporated as Swastic Niwas Private Limited on 23 August 1991. It processes natural stones such as granite, marble and quartzite, and makes engineered quartz, a composite of crushed stone bonded with resin.
Its products are used in flooring, wall cladding, countertops and cut-to-size items for commercial and residential buildings, and are sold in India and abroad.
It has two units, one at RIICO Industrial Area, Bagru, Jaipur and the other at Mahindra World City SEZ, Jaipur, both in Rajasthan.
The IPO was Rs 154.98 crore, with Rs 119.28 crore of fresh issue and Rs 35.70 crore of offer for sale by the promoter and a promoter group member. Rs 90.00 crore was planned for its Dubai subsidiary to set up an engineered quartz plant in the Jebel Ali Free Zone.
Frequently asked
What is the GMP of Global Surfaces IPO?
The current Grey Market Premium (GMP) of Global Surfaces IPO is ₹ 12.
What is the Kostak Price of Global Surfaces IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Global Surfaces IPO is not available.
What is the Subject to Sauda Price of Global Surfaces IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Global Surfaces IPO?
Global Surfaces IPO listed on March 23, 2023 at ₹164, against the issue price of ₹140 — a gain of +17.14%.
How did the GMP of Global Surfaces IPO trend before listing?
The GMP of Global Surfaces IPO was falling in its final days before listing. The GMP peaked at ₹50 on 9 March 2023. View the day-wise table above for the complete GMP history.
Explore Global Surfaces IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
