Global Surfaces Limited was incorporated as 'Swastic Niwas Private Limited' on August 23, 1991 at West Bengal. Subsequently, Company changed the name to 'Global Stones Private Limited' on May 17, 2004 and further to 'Global Surfaces Private Limited' on October 20, 2021. Thereafter, the status of Company was converted into a Public Limited attaining its name to 'Global Surfaces Limited' obtained from the Registrar of Companies, Jaipur with effect from October 21, 2021.
The Company is engaged in the business of processing natural stones and manufacturing engineered quartz. The Company has application in flooring, wall cladding, countertops, cut-to size and other items. It has 2 units, one located at Bagru, Rajasthan and the other at Mahindra World City SEZ, Jaipur for processing and manufacturing of their products.
The Company had started their business activities with processing of natural stones and since then, branched out to manufacturing engineered quartz which enabled to diversify the product portfolio. The Unit I was acquired as processing natural stones such as marble, granite and quartzite, which helps in sourcing raw materials and minimize logistics and transportation cost.
Prior to acquisition of Unit I in 2004, the Company was engaged in real estate construction business in which it ceased to undertake. It upgraded their plant and machinery installed at Unit I in year, 2015. Onward from FY 2017-18, Company diversified their business of Unit II located a ...t Sanganer, Jaipur for undertaking business of manufacturing engineered quartz. It started production of engineered quartz at Unit II in the year 2018. In 2020, the Company installed solar panels in both units as part of the Go Green Initiative and implemented ERP system. It incorporated Global Surfaces FZE, a wholly owned subsidiary in U.A.E. in 2021. The Company started construction of the Proposed Facility at The Jebel Ali Free Zone, Dubai, U.A.E. in 2022.
In March 2023, the Company raised money from public through IPO by issuing 11,070,000 Equity Shares aggregating to Rs 154.98 Crore, comprising a Fresh Issue of 8,520,000 Equity Shares aggregating Rs 119.28 Crore and an Offer for Sale of 2,550,000 Equity Shares aggregating Rs 35.7 Crore.
The Company began commercial production for producing engineering stone at Dubai Unit in FY24.
FAQs on Global Surfaces Ltd
1. Can I buy Global Surfaces Ltd from PL Capital? ›
Yes, you can invest in Global Surfaces Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Global Surfaces Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Global Surfaces Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Global Surfaces Ltd pay dividends? ›
Global Surfaces Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Global Surfaces Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Global Surfaces Ltd. is ₹ 89 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Global Surfaces Ltd ? ›
The 52-week high and low of Global Surfaces Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
