The Objectives of the Offer are to:

1. Investment of Rs. 90 crores in the wholly-owned subsidiary Global Surfaces FZE to help finance the capital expenditures related with the setting up of an engineered quartz production plant in Jebel Ali Free Zone, Dubai, UAE.

2. General corporate purposes.​​

Global Surfaces is a company that processes natural stones and manufactures engineered quartz.

The company has two manufacturing plants, both of which are in Jaipur, Rajasthan.

The company's diverse products are used in flooring, wall cladding, countertops, cut-to-size goods, and other applications.

For fiscal years 2020, 2021, and 2022, the company earned 99% of its revenue from exports and 98% of its income from exports during the period ended September 2022.

The company exports its products to key regions such as the United States, Canada, Australia, and the Middle East.

Natural stone segment capacity usage is 29% in fiscal 2021-22, whereas quartz segment capacity utilization is 69%.

In H1 FY23, the company reported a revenue of Rs. 98 crore and a net profit of Rs. 14 crore. ​

In FY22, the company reported a revenue of Rs. 190 crore compared to Rs. 175 crore in FY21.

The company reported net profit of Rs 36 crore in FY2022 compared to Rs 34 crore, a growth of 6 per cent.

In FY22, the company reported a RoNW of 32.51%, down from 34.47% in FY21 and 26.59% in FY20.