A quartz manufacturer, Global Surfaces, has come out with its IPO. Find out if it is worth subscribing to.
10-Mar-2023 •Samridh Rela
Global Surfaces, a natural stone processing and engineered quartz manufacturing company, has come out with its IPO (initial public offering). Here's a breakdown of the company's strengths, weaknesses, and growth prospects to help investors make an informed decision.
In a nutshell
About the company
Incorporated in 1991, Global Surfaces is engaged in processing natural stones and manufacturing engineered quartz. Their products have application in flooring, wall cladding, countertops, etc., and are widely used for commercial and residential industries within and outside India.
Strengths:
Weaknesses:
Global Surfaces has derived a significant portion of its revenue by exporting its products to the US. In FY22 and for the first six months of FY23, the revenue generated by exporting to the US was 99.1 and 94.9 per cent respectively of their operating revenue.
Disclaimer: This is not a stock recommendation. Do your due diligence before investing.
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