The IPO was booked 86.04 times at close, with non institutional investors leading the bidding at 143.15 times. The retail investors category got subscribed 53.72 times.

The shares of Globe Civil Projects made a decent debut on Tuesday, July 1, listing with a premium of 28% on the bourses. The stock listed at ₹91.10 on BSE, compared to the issue price of ₹71. Similarly, on NSE, the shares debuted at ₹90, reflecting a premium of 26.76%.

Ahead of its debut, the shares of Globe Civil Projects were trading a grey market premium of 38%. Investorgain quoted a GMP of ₹27 for the shares of the company, indicating a list gain of 38.03%.

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The IPO, which was open for subscription from June 24 to June 26, was booked 86.04 times at close.

The Non Institutional Investors (NII) portion was subscribed the most at 143.15 times, while the Retail Individual Investors (RIIs) category got subscribed 53.72 times. The quota for Qualified Institutional Buyers (QIBs) received 99.76 times subscription.

The company sold its shares in a fixed price range between ₹67 and ₹71.

Globe Civil Projects is engaged in EPC and MEP projects and related services. Till FY24, its primary focus was on educational institute projects, but now has diverse activities. If marked de-growth in top and bottom lines for FY23. Based on its recent financial data, the issue appears fully priced. As of March 31, 2025, its order book stood at over ₹669 crore.

Ahead of the issue opening, the company has raised ₹35.7 crore from six institutional investors through the anchor book.

The IPO consists of solely fresh issue of 1.67 crore equity shares worth ₹119 crore at the upper price band.

Globe Civil Projects is seeking a valuation of ₹424 crore, and plans to utilise IPO proceeds for working capital requirement, and purchase of construction equipment or machineries. The remainder of the funds will be used for general corporate purposes.

The company has successfully executed projects across 11 states in India, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh.

Globe Civil Projects Limited has completed 37 projects. Currently, the company is working on 12 ongoing projects, including five social and commercial projects.

MEFCOM Capital Markets was the book-running lead manager of the Globe Civil Projects IPO, while Kfin Technologies was the registrar for the issue.