Global Surfaces IPO Subscription Status
Global Surfaces IPO was subscribed 12.21 times when bidding closed on 15 Mar 2023: QIB 8.95x, NII 33.1x, Retail 5.12x.
The Global Surfaces IPO has been subscribed 12.21x times overall. Retail investors have shown interest with bids for 5.12x the shares available. The Non-Institutional Investor (NII) category has been subscribed 33.1x. Within NII, Big HNI (B-HNI) subscribed 35x and Small HNI (S-HNI) subscribed 29.29x. Qualified Institutional Buyers (QIBs) have subscribed 8.95x. Data last updated on 10 Nov, 11:47 AM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 13 Mar, 2023 and closes on 15 Mar, 2023. The shares are expected to list on stock exchanges on 23 Mar, 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 8.95x |
| NII | - of - - | 33.1x |
bHNI — bid amount above ₹10 Lakh |
- - | 35 |
sHNI — bid amount ₹2–10 Lakh |
- - | 29.29 |
| Retail | - of - - | 5.12x |
| TOTAL | - - | 12.21x |
Global Surfaces IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 19.5% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 8.95x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
15 Mar 2023
Day 3 |
12.21x | ▼ | |
|
QIB8.95x
BHNI35x
SHNI29.29x
Retail5.12x
|
|||
|
14 Mar 2023
Day 2 |
1.09x | ▼ | |
|
QIB0.04x
BHNI0.99x
SHNI2.97x
Retail1.45x
|
|||
|
13 Mar 2023
Day 1 |
0.42x | ▼ | |
|
QIB0.01x
BHNI0.39x
SHNI0.92x
Retail0.6x
|
|||
Global Surfaces IPO dates
From the bidding window 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
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Global Surfaces IPO?
As of IPO close date (15 Mar, 2023), the Global Surfaces IPO is subscribed 12.21x times. Retail category is 5.12x, and NII is 33.1x subscribed.
When is the allotment date for Global Surfaces IPO?
The allotment for Global Surfaces IPO is expected to be finalized on 20 March, 2023.
What is the GMP of Global Surfaces?
The Grey Market Premium (GMP) for Global Surfaces is currently ₹12, indicating a potential listing gain of 9%.
When will Global Surfaces IPO list on the stock market?
Global Surfaces is scheduled to list on BSE and NSE on 23 March, 2023.
What are the chances of getting allotment in Global Surfaces IPO?
The retail category is oversubscribed at 5.12x, meaning allotment is by lottery. Statistically, approximately 1 in 6 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 8.95x mean for Global Surfaces IPO?
Moderate — QIBs have subscribed 8.95x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.
How to check Global Surfaces IPO allotment status?
After the allotment date (20 Mar, 2023), you can check your Global Surfaces IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Global Surfaces IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
Subscription moves by the hour. Get it on your phone.
Live GMP alerts, subscription updates and allotment status for every Mainboard and SME issue — fast, free and secure.
Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
