Globe Civil Projects IPO Subscribed 15.11 Times by Day 2; Massive Demand from Retail and HNIs
By Ankur Chandra | Published at: Jun 25, 2025 06:02 PM IST
New Delhi, June 25, 2025 | 16:45 IST—Globe Civil Projects Limited’s initial public offering (IPO) witnessed a stellar response on the second day of bidding, with the overall subscription reaching 15.11 times. According to exchange data as of 4:45 PM, the company received over 17.73 crore bids for a total issue size of 1.17 crore shares.
The IPO, which opened on June 24 and will close on June 26, continues to draw significant interest from investors across all categories, particularly retail and high-net-worth individuals.
Subscription Snapshot (As on June 25, 2025 | 16:45 IST)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutional Buyers | 33,52,112 | 2,72,90,529 | 8.14 |
| Non-Institutional Investors | 25,14,084 | 5,29,62,477 | 21.07 |
| Retail Individual Investors | 58,66,196 | 9,68,05,323 | 16.50 |
| Total | 1,17,32,392 | 17,70,58,329 | 15.09 |
Note: Total bids received across all price points stood at 17,73,14,694, showing persistent demand at the upper price band of ₹71.
Category-Wise Breakdown
Qualified Institutional Buyers (QIBs)
- Subscribed 8.14x
- Major participation from the ‘Others’ category, totaling 2.72 crore shares
- FIIs and mutual funds are yet to show significant activity, which often comes in on the final day
Non-Institutional Investors (NIIs)
- Oversubscribed at 21.07x
- Individuals bidding above ₹10 lakh accounted for 2.79 crore shares
- Investors bidding between ₹2–₹10 lakh contributed 2.33 crore shares
- Strong participation from the HNI segment
Retail Individual Investors (RIIs)
- Subscribed 16.50x
- Cut-off bids alone contributed 8.08 crore shares
- Price bids added 1.59 crore shares, indicating confidence at discretionary and market-price levels.
Price-Wise Bidding Interest
| Price (₹) | Cumulative Shares Bid |
|---|---|
| 67 | 17,73,14,694 |
| 68 | 17,71,03,483 |
| 69 | 17,70,47,568 |
| 70 | 17,69,86,167 |
| 71 | 17,68,99,235 |
| Cut-off | 8,08,59,420 |
Demand held steady across the price band, with most bids placed at ₹71 or cut-off, showing a strong likelihood of pricing at the upper end.
Demand vs Supply Overview
- Total Issue Size: 1,17,32,392 shares
- Total Bids Received: 17,73,14,694 shares
- Overall Subscription: 15.11x
- Retail Cut-off Bids: 8,08,59,420 shares
Market Sentiment and Outlook
The numbers indicate good market sentiment toward Globe Civil Projects’ IPO, even on the second day. Globe Civil Projects is an engineering, procurement and construction (EPC) firm in the infrastructure sector, such as transport/manufacturing, healthcare and education. It has recorded a steady rise in revenue, good order visibility and scalable operations.
At a price band of ₹67–₹71 per share, investor appetite remains firm, with institutional investors expected to step up further on the final day of bidding.
Next Steps
The IPO closes tomorrow, June 26, 2025. Final subscription figures, especially from the QIB segment, will offer greater clarity on demand sustainability and listing day sentiment.
End of Day 2 Update | June 25, 2025 – 16:45 IST.
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