Last Updated:June 26, 2025, 17:56 IST
The GMP of the Globe Civil Projects IPO currently stands at 23.94%, indicating strong listing gains for investors.
Globe Civil Projects IPO.
Globe Civil Projects IPO: The initial public offering (IPO) of Globe Civil Projects Ltd, a civil construction and infrastructure development company, has been closed today, Thursday, June 26. The issue has received a whopping response amid strong GMP. Till 5:00 pm on the final day of bidding on Thursday, the Rs 119-crore IPO received an 80.97 times subscription, garnering bids for 94,99,76,860 shares as against the 1,17,32,392 shares on offer.
The retail and NII participation stood at 53.67 times and 143.14 times, respectively. Its qualified institutional buyer (QIB) category got an 82.13 times subscription.
Globe Civil Projects IPO Lot Size & Price
Investors need to apply for a minimum of 211 shares or in multiple of that thereof.
The price band of the IPO is in the range of Rs 67-71 per share.
Based on the upper band, the minimum investment required to apply for the IPO is Rs 14,981.
Globe Civil Projects IPO Key Dates
The Globe Civil Projects IPO was opened on June 24 and will be closed on June 26. Its allotment will be finalised on June 27, while listing will take place on both BSE and NSE on July 1.
Globe Civil Projects IPO GMP Today
According to market observers, the GMP of the IPO currently stands at 23.94%, indicating strong listing gains for investors.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Globe Civil Projects IPO: More Info
The company’s IPO is entirely a fresh issue of equity shares worth Rs 119 crore with no offer for sale (OFS) component. It proposes to utilise funds for working capital requirements, capex, and general corporate purposes.
The quota for non-institutional investors garnered 8.16 times subscription, and the category for qualified institutional buyers (QIBs) subscribed 8.06 times. The portion for retail individual investors (RIIs) received 5.82 times the subscription.
Its shares will be listed on BSE and NSE. Globe Civil Projects Ltd intends to utilise Rs 75 crore of the IPO proceeds for funding working capital requirements, Rs 14.26 crore for capital expenditure towards the purchase of construction equipment/machinery and the remaining funds will be used for general corporate purposes and issue expenses, according to a company statement.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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