Globe Civil Projects IPO Allotment to Take Place Today

Mumbai, 27 June 2025: The allotment of shares for the ₹119 crore initial public offering (IPO) of Globe Civil Projects Ltd has been officially completed today, Friday, 27 June. Following an exceptionally high subscription rate, the company is set to debut on the stock exchanges NSE and BSE on Tuesday, 1 July 2025.

IPO Attracts 86.04x Subscription 

Globe Civil Projects’ IPO received bids for nearly 101 crore shares against an offer of just 1.17 crore shares, making it oversubscribed 86.04 times in total. The IPO was open for bidding from 24 to 26 June, and the category-wise subscription details are as follows:

• Retail Individual Investors (RIIs): 53.71 times subscribed
• Non-Institutional Investors (NIIs): 143.14 times subscribed
• Qualified Institutional Buyers (QIBs): 99.76 times subscribed

Issue Details and Use of Capital

Globe Civil Projects IPO was structured as a pure fresh issue comprising 1.68 crore equity shares, with a price band of ₹67 to ₹71 per share. Proceeds from the public offering will be deployed for the following purposes:

• Funding working capital requirements
• Purchasing construction equipment
• Supporting general corporate needs

How to Check IPO Allotment Status Online

Investors can confirm their allotment status using the following platforms:

1. BSE Website

• Visit: BSE IPO Allotment
• Select ‘Equity’ as the issue type
• Choose “Globe Civil Projects Ltd”
• Enter your PAN or Application Number
• Click ‘Search’

2. KFin Technologies (Registrar)

• Visit: KFin IPO Allotment Page
• Select “Globe Civil Projects Limited” from the dropdown
• Enter PAN, Application Number, DP/Client ID, or Account Number/IFSC
• Click ‘Submit’

3. NSE Platform

• Investors can also use the NSE portal to check allotment status by entering their PAN and application number.

Listing Schedule and Refund Timelines

• Demat credit for successful applicants: Monday, 30 June 2025
• Refunds for non-allottees: Also initiated on 30 June 2025
• Official listing date on NSE and BSE: Tuesday, 1 July 2025

About Globe Civil Projects Ltd

Headquartered in New Delhi, Globe Civil Projects Ltd operates as an Engineering, Procurement, and Construction (EPC) firm. The company specialises in Mechanical, Electrical, and Plumbing (MEP) services.  It has successfully delivered projects across 11 states in India, including Uttar Pradesh, Haryana, and Rajasthan, establishing a notable presence in the infrastructure sector.

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