Globe Civil Projects IPO Day 3: Check GMP, Subscription Status & Key Highlights
The bidding window for Globe Civil Projects IPO closes today on June 26, 2025. The allotment process is expected to be finalised on June 27, 2025, and the company's shares are tentatively set to be listed on both the BSE and NSE on Tuesday, July 1, 2025.
Globe Civil Projects IPO Details
Globe Civil Projects Ltd IPO is a bookbuilding of ₹119 crores. The issue is entirely a fresh issue of 1.68 crore shares. Investors can apply with a minimum lot size of 211, requiring a minimum investment of ₹14,137. The issue price band is set at ₹67–₹71 per share.
MEFCOM Capital Markets Limited is the book-running lead manager of the Globe Civil Projects IPO, while Kfin Technologies Limited is the registrar for the issue.
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Globe Civil Projects Day 3 Subscription Status
(June 26, 2025, 5 PM)
On Day 3, the Globe Civil Projects IPO was subscribed 80.97 times. The public issue was subscribed 53.67 times in the retail category, 82.13 times in QIB, and 143.14 times in the NII category.
Also Read : Globe Civil Projects IPO Day 1 Subscription Status
Globe Civil Projects IPO Day 2 Subscription Status
Utilization of IPO Proceeds
The company will utilise the net proceeds from the issue towards the following objects:
- Capital expenditure towards purchase of construction equipments/ machineries.
- Funding the working capital requirements of the Company.
- General corporate purposes.
Globe Civil Projects GMP Details
According to NDTV Profit, the Grey Market Premium (GMP) of Globe Civil Projects was ₹15 on Day 3, i.e., on June 26, 2025, 11 a.m. If the current GMP trend continues, the company's shares will likely be listed at ₹86. The expected percentage gain/loss per share is 21.13%.
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Source: NDTV Profit Media Report dated June 26, 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. |
Globe Civil Projects Business Overview
Globe Civil Projects Limited, headquartered in New Delhi, is an integrated EPC (Engineering, Procurement & Construction) firm operating across eleven Indian states. The company delivers a diverse portfolio of infrastructure projects, ranging from transport and logistics (roads, bridges, railways, airports) to social and commercial buildings (schools, hospitals, residential and office complexes). It also offers MEP, HVAC, firefighting, and TMT steel trading services.
Financially, Globe Civil Projects reported a 42% growth in FY 2024, with revenue increasing from ₹233.34 Cr to ₹332.16 Cr and a 217% increase in profit after tax (PAT), rising from ₹4.85 Cr to ₹15.37 Cr.
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