Latest news with #GlobeCivilProjectsIPO
News18
30-06-2025
- Business
- News18
Globe Civil Projects IPO Listing Tomorrow: What Does Latest GMP Signal?
Last Updated: The grey market premium of the Globe Civil Projects IPO currently stands at 36.62% over the IPO price., signalling strong listing gains for investors on Tuesday. Globe Civil Projects IPO Listing Date: As the allotment has been finalised, the Globe Civil Projects IPO is set to witness its stock market listing on Tuesday, July 1. Its latest grey market premium (GMP) of 36.6% indicates strong listing gains for investors. With GMP standing at Rs 26, the shares of Globe Civil Projects Ltd are likely to be listed at around Rs 97 apiece as against its IPO price of Rs 71 per share. According to market observers, the grey market premium, which shows investor sentiments towards the IPO, currently stands at 36.62% over the IPO price. It signals 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 Listing Date The shares of Globe Civil Projects Ltd are set to be listed on the BSE and the NSE tomorrow, Tuesday, July 1, 2025. Globe Civil Projects IPO: Check Allotment Status The allotment of the Globe Civil Projects IPO was finalised on June 27. Investors can check their IPO allotment status on the websites of NSE, BSE or Kfin Technologies. The status can be checked by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Globe Civil Projects Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. Your share application status will appear on your screen. You can also visit directly on the registrar Kfin Technologies' portal — and check the Globe Civil Projects IPO allotment status. The allotment status can also be checked on the NSE's website at Globe Civil Projects IPO: Subscription Status, Other Details The IPO was open for public subscription between June 24 and June 26. 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. 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.
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Business Standard
26-06-2025
- Business
- Business Standard
Last day! Globe Civil Projects IPO ends today; 15x subscription, GMP at 21%
Globe Civil Projects IPO subscription status: The three-day subscription window to bid for the initial public offering of Globe Civil Projects is set to close today, June 26, 2025. The ₹119 crore offering of Globe Civil Projects, which opened for subscription on Tuesday, June 24, has received a strong response from investors so far. According to the data available on the National Stock Exchange (NSE), Globe Civil Projects IPO has received bids for 17,90,07,336 shares against 1,17,32,392 on offer by the end of the second day of subscription, June 25. This translates to an oversubscription of 15.26 times. Among the individual categories, Non-Institutional Investors (NIIs) have placed the highest bids for Globe Civil Projects IPO by oversubscribing the category reserved for them by 21.31 times. This is followed by the retail investors, who bid for 16.72 times, and Qualified Institutional Buyers (QIBs) at 8.15 times. Globe Civil Projects IPO details The public offering of Globe Civil Projects comprises an entirely fresh issue of 16.8 million equity shares without any offer for sale (OFS) component. Globe Civil Projects IPO is available at a price band of ₹67–71 per share, and a lot size of 211 shares. Thus, investors can bid for a minimum of 211 shares and in multiples thereof. A retail investor would require a minimum of ₹14,981 to bid for one lot or 211 shares of Globe Civil Projects IPO (taking the upper price band into consideration). Retail investors can bid for a maximum of 13 lots or 2,743 shares with an investment amount of ₹1,94,753. Globe Civil Projects IPO grey market premium (GMP) today The unlisted shares of Globe Civil Projects were commanding a decent premium in the grey markets on the final day of its subscription. Sources tracking unofficial market activities revealed that the company's shares were trading at ₹86 per share, reflecting a grey market premium (GMP) of ₹15 or 21.13 per cent over the upper end of the issue price. Globe Civil Projects IPO review Globe Civil Projects has received mixed reviews from brokerages including SBI Securities and Bajaj Broking. Among them, Bajaj Broking has recommended investors to subscribe to the Globe Civil Projects IPO, while SBI Securities has assigned a Neutral rating on the public issue. READ MORE Globe Civil Projects IPO allotment date, listing date As the public offering closes for subscription today, the basis of allotment of Globe Civil Projects IPO shares is expected to be finalised on Friday, June 27. The company's shares will be credited into demat accounts tentatively on Monday, June 30. Shares of Globe Civil Projects are slated to make their D-Street debut by listing on the BSE and NSE tentatively on Tuesday, July 1. Globe Civil Projects IPO registrar, lead managers For the Globe Civil Projects IPO, KFin Technologies acts as the registrar, while MEFCOM Capital Markets acts as the sole book-running lead manager. Globe Civil Projects IPO objective Globe Civil Projects proposes to use the proceeds of the public offering for funding working capital requirements of the company as well as for capital expenditure towards purchase of construction equipment/machineries. The company will use the remaining proceeds for general corporate purposes. About Globe Civil Projects Globe Civil Projects is an integrated engineering, procurement and construction (EPC) company headquartered in New Delhi. It has undertaken projects in eleven (11) states of India, namely, Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. The company is engaged in the execution and construction of infrastructure projects comprising transport and logistics projects, social and commercial projects, and non-infrastructure projects including commercial offices and housing.
Time of India
25-06-2025
- Business
- Time of India
Globe Civil Projects IPO subscribed over 11 times on Day 2 so far; Check GMP and other details
The initial public offering (IPO) of Globe Civil Projects received a strong response from investors, with the issue subscribed 11.08 times as of the second day of bidding on Wednesday. By 1:09 PM, the IPO had attracted bids for 13,05,68,488 shares. The highest demand came from non-institutional investors (NIIs), who subscribed 13.95 times their allotted quota. Retail investors followed closely with 11.67 times subscription, while qualified institutional buyers (QIBs) bid 8.07 times. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo In the grey market, shares of Globe Civil Projects were quoting a premium of Rs 12, indicating a potential listing gain of around 17% over the upper end of the price band. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Also Read: These 10 multibagger penny stocks surged 200-570% in last 1 year. Do you own any? About Globe Civil Projects IPO The company proposes to utilise the net proceeds for three main purposes. Firstly, a portion will be allocated to fund its working capital requirements. Secondly, the proceeds will be used for capital expenditure related to the purchase of construction equipment and machinery. Lastly, the remaining funds will be directed towards general corporate purposes. Live Events Globe Civil Projects IPO key dates The issue opened on June 24 and will close on June 26. The allotment of shares is expected on June 27, while the listing on stock exchanges is likely to take place on July 1. Also Read: Coforge among 10 high-conviction stock ideas that can rally up to 52% Globe Civil Projects IPO price band The price band for the issue has been set in the range of Rs 67 to Rs 71 per share. Book running lead manager The lead manager for the issue is Mefcom Capital Markets Limited , while the registrar is KFin Technologies Limited . About Globe Civil Projects Globe Civil Projects is an integrated engineering, procurement and construction ('EPC') company headquartered in New Delhi. It has undertaken projects in eleven (11) states of India, namely, Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. The company is into the execution and construction of infrastructure projects comprising Transport and Logistics projects, Social and Commercial projects and non-infrastructure projects comprising commercial offices and housing. While its primary focus and strength had been deeply rooted in the construction of educational institution buildings and railway infrastructure, it has diversified in undertaking specialised infrastructure and non-infrastructure projects, such as railway bridges, airport terminals, elevated railway terminals and railway bridges and hospitals. Should you subscribe to Globe Civil Projects IPO? 'If marked a de-growth in top and bottom lines for FY23. Based on its recent financial data, the issue appears fully priced,' said Bajaj Broking in its note. The issue is priced at a P/BV of 3.06 based on its NAV of Rs. 23.24 as of December 31, 2024, and at a P/BV of 1.94 based on its post-IPO NAV of Rs. 36.64 per share (at the upper cap). 'If we attribute FY25 annualised earnings to its post-IPO fully diluted paid-up equity capital, then the asking price is at a P/E of 17.88. Based on FY24 earnings, the P/E stands at 27.52. Thus, the issue is fully priced,' the note added. With this view, Bajaj Broking has a 'subscribe for long term' rating for the issue.
Mint
24-06-2025
- Business
- Mint
Globe Civil Projects IPO subscribed 6.97 times on Day 1; Check GMP, subscription status, other details
Globe Civil Projects IPO: Globe Civil Projects' initial public offering (IPO) is a book-built issue offering stock market investors a completely fresh issue of equity shares. The Engineering, Procurement, and Construction (EPC) firm's IPO opened for public bidding on Tuesday, 24 June 2025, and is scheduled to close on Thursday, 26 June 2025. Investors subscribed 6.97 times to the Globe Civil Projects IPO as of the first day. The IPO witnessed a subscription of 8,17,56,381 or more than 8.17 crore equity shares compared to the 1,17,32,392 or over 1.17 crore shares on offer. Out of the three investor segments, the Non-Institutional Investors (NII) portion of the IPO witnessed the largest subscription as investors bid 8.16 times or for 2,05,21,649 (more than 2.05 crore) shares, compared to 25,14,084 equity shares on offer. The Qualified Institutional Buyers (QIBs) came in second as the investors subscribed 8.06 times or 2,70,12,009 (over 2.7 crore) shares, compared to the 33,52,112 shares on offer. The retail investors subscribed 5.38 times to the public issue, coming in at a bid for 3,42,22,723 shares, compared to the 58,66,196 shares on offer. The Globe Civil Projects IPo raised ₹ 35.7 crore from the anchor investors ahead of the public issue open for the public markets. As of Tuesday, 24 June 2025, the grey market premium (GMP) for the Globe Civil Projects IPO stood at ₹ 15 per share. With the upper price band for the public issue at ₹ 71 apiece, the shares are expected to be listed at ₹ 86 per share, a premium of 21.13 per cent, according to Investorgain data. Grey market premium is an indicator of the investors' willingness to pay more for a public issue. The GMP jumped to its current level of ₹ 15 per share after the anchor round ahead of the first day open, from its earlier ₹ 13 levels. Globe Civil Projects IPO is offering a complete fresh issue of equity shares as the company aims to raise ₹ 119 crore from the Indian stock market. The company fixed the price band for the issue in the range of ₹ 67 to ₹ 71 per equity share with a lot size of 211 shares per lot. The IPO opened for public bidding on Tuesday, 24 June 2025, and is scheduled to close on Thursday, 26 June 2025. Mefcom Capital Market is the book-running lead manager for the public issue, while Kfin Technologies Limited is the registrar to the offer. The shares of the EPC firm is poised to be listed on the Indian stock market on 1 July 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
17-06-2025
- Business
- Mint
Globe Civil Projects IPO: Price band set at ₹67-71 per share; check issue details, key dates, more
Globe Civil Projects IPO price band: The Globe Civil Projects Limited IPO price band has been fixed in the range of ₹ 67 to ₹ 71 per equity share of the face value of ₹ 10. The Globe Civil Projects IPO date of subscription is scheduled for Tuesday, June 24, and will close on Thursday, June 26. The allocation to anchor investors for the Globe Civil Projects IPO is scheduled to take place on Monday, June 23. The price to earnings ratio based on diluted EPS for fiscal 2024 at the lower end of the price band is 18.72 and at the upper end of the price band is 19.83 as compared to the average industry peer group P/E ratio of 18.96 times for fiscal 2024. The Globe Civil Projects IPO lot size is 211 equity shares and in multiples of 211 equity shares thereafter. Globe Civil Projects IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Tentatively, Globe Civil Projects IPO basis of allotment of shares will be finalised on Friday, June 27, and the company will initiate refunds on Monday, June 30 while the shares will be credited to the demat account of allottees on the same day following refund. Globe Civil Projects share price is likely to be listed on BSE and NSE on Tuesday, July 1. Globe Civil Projects Limited is a comprehensive Engineering, Procurement, and Construction (EPC) firm based in New Delhi. The company has successfully completed projects in 11 states across India, which include Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. As of August 31, 2024, the company's total order book amounts to ₹ 8,929.45 million, encompassing 14 projects. As per the red herring prospectus (RHP), the company's listed peers are B L Kashyap and Sons Ltd (with a P/E of 29.57), Ceigall India Ltd (with a P/E of 12.88), PSP Projects Ltd (with a P/E of 20.38), Capacit'e Infraprojects Ltd (with a P/E of 20.56), Ahluwalia Contracts (India) Ltd (with a P/E of 16.41). Globe Civil Projects IPO, which is worth ₹ 119 crore, comprises a fresh issue of 1,67,60,560 equity shares. There is no offer for sale (OFS) component. Globe Civil Projects IPO intends to use the net proceeds from the offering for various purposes, including financing the company's working capital needs, investing in the acquisition of construction equipment and machinery, and addressing general corporate needs. The lead manager of the issue is Mefcom Capital Markets Ltd, and the registrar of the issue is KFin Technologies Ltd.
