Today marks the conclusion of bidding for Globe Civil Projects' Initial Public Offering (IPO): Interpreting the indicative offer price (GMP) implications.
Title: Globe Civil Projects IPO Wrapping Up Today: IPO Subscribed 47x, Grey Market Premium at Rs 17; Check Latest Subscription Status and GMP
By: Oliviya Kunjumon For our Website App
The IPO calendar remains bustling this week, with Globe Civil Projects set to conclude its Rs 119 crore IPO today, June 26. Let's delve into the subscription status, GMP, and other key aspects of this issue.
Globe Civil Projects IPO: Subscription Overview
On the final day of its binding period, the IPO garnered a staggering 25.97 times subscription. Non-institutional investors steered the charge, subscribing their portion 47.88 times. Retail investors were close behind, bidding for 26.25 times the shares set aside for them. Qualified institutional buyers (QIBs) clocked in at 9.03 times as of now.
Globe Civil Projects IPO: Grey Market Buzz
The IPO's momentum is unmistakable in the grey market. Shares of Globe Civil Projects currently command a premium of Rs 17 per share, hinting at a potential listing price of Rs 88. This figure represents a 24% escalation above the upper price band of Rs 71.
It's essential to remember that grey market premiums (GMPs) are unofficial and are prone to fluctuation based on sentiment.
Globe Civil Projects IPO: Details, Pricing, and Dates
The IPO comprises a fresh issue of 1.68 crore equity shares, with no offer for sale (OFS) component. The price band of the issue spans between Rs 67 and Rs 71 per share, with the lot size set at 211 shares. This translates to a minimum investment of Rs 14,981 for retail investors at the upper end.
Globe Civil Projects IPO: Important Dates
As the subscription window slams shut today, the allotment process is likely to be completed by Friday, June 27. Shares should be credited to demat accounts by Monday, June 30. The tentative listing date on both BSE and NSE is set for Tuesday, July 1.
Globe Civil Projects IPO: Lead Manager and Registrar
MEFCOM Capital Markets serves as the sole book-running lead manager (BRLM) for this IPO, while KFin Technologies manages the registrar responsibilities.
S dedicated towards providing up-to-date news and insights on the stock market, our website App brings you the latest on the Globe Civil Projects IPO, including anticipated listing gains on July 1, 2025. Keep an eye on this space for more updates.
_Prices as of June 23, 2025
[Enrichment Data: The Globe Civil Projects IPO, which opened on June 24, 2025, is closing today, June 26, 2025. It has received an overwhelming response, having been subscribed approximately 46.92 times by the final day, with strong subscription across retail, institutional, and non-institutional investors. The IPO price band is set between ₹67 and ₹71 per share, with the recommended cut-off price at ₹71 to enhance allotment chances. The issue size is ₹119 crore through a fresh issue of around 1.68 crore shares, and the IPO is scheduled to list on both BSE and NSE on July 1, 2025. Regarding the grey market premium (GMP), it has surged and currently stands around ₹15 to ₹17, indicating strong demand and a positive market sentiment toward the stock. This suggests that on listing day, the shares are expected to list at a price roughly ₹15-17 above the issue price, hinting at a likely listing price close to ₹86-88 per share (₹71 issue price + ₹15-17 GMP).]
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1. With the Globe Civil Projects IPO closing today, investors may want to consider adding this offering to their personal-finance portfolios, particularly as it has garnered an impressive 46.92 times subscription in its final day.2. The momentum of the Globe Civil Projects IPO is evident in the grey market, where shares are currently commanding a premium of Rs 15-17, suggesting a potential listing price of roughly Rs 86-88 per share.3. As the stock market continues to evolve, keeping up with IPOs like Globe Civil Projects can present opportunities for Defi and traditional finance investors alike.4. In the business world, it's crucial to stay informed about the latest IPOs and their subsequent market performance, such as the Globe Civil Projects IPO, which will list on both BSE and NSE on July 1, 2025.
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