Latest news with #GlobeCivilProjectsLtd
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.
News18
26-06-2025
- Business
- News18
Globe Civil Projects IPO Gets Over 22.1x Subscription On Day 3 So Far; Check GMP Today
The GMP of the Globe Civil Projects IPO currently stands at 21.13%, indicating strong listing gains for investors. Globe Civil Projects IPO: The initial public offering (IPO) of Globe Civil Projects Ltd, a civil construction and infrastructure development company, is going to be closed today, Thursday, June 26. The issue has received a strong response amid strong GMP. Till 10:59 am on the final day of bidding on Thursday, the Rs 119-crore IPO received a 22.11 times subscription, garnering bids for 25,93,79,346 shares as against the 1,17,32,392 shares on offer. The retail and NII participation stood at 23.14 times and 38.29 times, respectively. Its qualified institutional buyer (QIB) category got a 8.16 times subscription. 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 21.13%, 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. 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
19-06-2025
- Business
- Business Standard
Indian IPO market heads for busiest week with $1.7 billion in deals
India's primary market is set for its busiest period this year, with at least four companies planning to raise a total of about ₹150 billion ($1.7 billion) through initial public offerings next week. Kalpataru Ltd., Ellenbarrie Industrial Gases Ltd., and Globe Civil Projects Ltd. will start share sale Tuesday. HDB Financial Services Ltd., a unit of India's biggest private lender HDFC Bank Ltd., is also planning to launch its $1.4 billion IPO Wednesday, Moneycontrol reported this week, citing people it didn't identify. The offerings indicate share sales in India are bouncing back after a lull in the first quarter, helped by a 12 per cent rally in the benchmark NSE Nifty 50 Index from its March low. The Reserve Bank of India's cash infusions into the financial system and a surprise 50-basis-point rate cut this month are also spurring companies to speed up public listing plans. 'India's secondary market has rebounded in recent weeks, buoyed by strong liquidity. With a strong secondary market, IPOs fairly priced may see good demand from both domestic and foreign investors,' said V Jayasankar, managing director, Kotak Investment Banking. HDB's IPO will be the largest offering in the nation's equity market since Hyundai Motor India Ltd.'s $3.3 billion deal last year. Industrial gas supplier Ellenbarrie is looking to raise as much as ₹8.52 billion , while Mumbai-based real estate developer Kalpataru is seeking to raise as much as ₹15.9 billion.
Time of India
19-06-2025
- Business
- Time of India
IPO market set for busy week with Rs 15,000 crore in deals
Tired of too many ads? Remove Ads India's primary market is set for its busiest period this year, with at least four companies planning to raise a total of about Rs 150 billion ($1.7 billion) through initial public offerings next week. Kalpataru Ltd ., Ellenbarrie Industrial Gases Ltd., and Globe Civil Projects Ltd. will start share sale Tuesday. HDB Financial Services Ltd., a unit of India's biggest private lender HDFC Bank Ltd ., is also planning to launch its $1.4 billion IPO Wednesday, Moneycontrol reported this week, citing people it didn't offerings indicate share sales in India are bouncing back after a lull in the first quarter, helped by a 12% rally in the benchmark NSE Nifty 50 Index from its March low. The Reserve Bank of India's cash infusions into the financial system and a surprise 50-basis-point rate cut this month are also spurring companies to speed up public listing plans.'India's secondary market has rebounded in recent weeks, buoyed by strong liquidity. With a strong secondary market, IPOs fairly priced may see good demand from both domestic and foreign investors,' said V Jayasankar, managing director, Kotak Investment IPO will be the largest offering in the nation's equity market since Hyundai Motor India Ltd.'s $3.3 billion deal last year. Industrial gas supplier Ellenbarrie is looking to raise as much as 8.52 billion rupees, while Mumbai-based real estate developer Kalpataru is seeking to raise as much as 15.9 billion rupeesMeanwhile, LG Electronics Inc. is also considering reviving an IPO of its Indian unit as soon as September, people familiar with the matter said
Economic Times
19-06-2025
- Business
- Economic Times
IPO market set for busy week with Rs 15,000 crore in deals
India's primary market is set for its busiest period this year, with at least four companies planning to raise a total of about Rs 150 billion ($1.7 billion) through initial public offerings next week. ADVERTISEMENT Kalpataru Ltd., Ellenbarrie Industrial Gases Ltd., and Globe Civil Projects Ltd. will start share sale Tuesday. HDB Financial Services Ltd., a unit of India's biggest private lender HDFC Bank Ltd., is also planning to launch its $1.4 billion IPO Wednesday, Moneycontrol reported this week, citing people it didn't identify. The offerings indicate share sales in India are bouncing back after a lull in the first quarter, helped by a 12% rally in the benchmark NSE Nifty 50 Index from its March low. The Reserve Bank of India's cash infusions into the financial system and a surprise 50-basis-point rate cut this month are also spurring companies to speed up public listing plans. 'India's secondary market has rebounded in recent weeks, buoyed by strong liquidity. With a strong secondary market, IPOs fairly priced may see good demand from both domestic and foreign investors,' said V Jayasankar, managing director, Kotak Investment IPO will be the largest offering in the nation's equity market since Hyundai Motor India Ltd.'s $3.3 billion deal last year. Industrial gas supplier Ellenbarrie is looking to raise as much as 8.52 billion rupees, while Mumbai-based real estate developer Kalpataru is seeking to raise as much as 15.9 billion rupeesMeanwhile, LG Electronics Inc. is also considering reviving an IPO of its Indian unit as soon as September, people familiar with the matter said ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
