Globe Civil Projects IPO Day 1: Check GMP, Subscription Status & Key Highlights
The bidding window for the Globe Civil Projects IPO is open today, June 24, and will conclude on June 26.
Globe Civil Projects IPO: Issue Details
Globe Civil Projects IPO is a book-building issue of ₹119.00 crores, consisting entirely of a fresh issue of 1.68 crore shares.
The price band is set between ₹67 and ₹71 per share. The basis of allotment will be finalised by June 27, 2025, and the tentative listing date on BSE and NSE is July 1, 2025.
Globe Civil Projects IPO Day 1 Subscription Status
[24-June-2025 5:00:00 PM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers(QIBs) |
8.06 |
|
Non-Institutional Investors |
8.11 |
|
Retail Individual Investors(RIIs) |
5.80 |
|
Total |
6.94 |
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Utilisation of IPO Proceeds
The net proceeds from the fresh will be used to:
- Fund working capital requirements
- Fund capital expenditure requirements towards the purchase of equipment/machinery
- General corporate purposes
Globe Civil Projects IPO GMP Details
As of 24 June 2025, Globe Civil Projects' IPO’s GMP stood at ₹15. The estimated listing price is ₹86, i.e., a 21.13% gain per share over the upper price band.
Source: Business Standard Report dated 24 June, 2025
Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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