Quartz manufacturer Global Surfaces files draft papers

Sanganer, Rajasthan -headquartered Global Surfaces Ltd, which processes natural stones and manufactures engineered quartz, has filed preliminary papers with Sebi to raise funds through an initial public offering (IPO). The IPO comprises fresh issuance of 85.20 lakh equity shares and an offer-for-sale (OFS) of up to 25.5 lakh equity shares by promoters Mayank Shah and Sweta Shah. Funds raised through fresh issuance of shares will be used for setting up the proposed facility -- Global Surfaces FZE -- in Dubai. Unistone Capital is the sole book running lead manager to the issue.