Globe Civil Projects IPO Subscribed 15.27 Times – Final Bidding Closes at 5 PM Today

Mumbai, 26 June 2025: The initial public offering (IPO) of Globe Civil Projects Ltd, valued at ₹119 crore, has generated substantial interest from investors ahead of today’s 5 PM deadline. The issue has been subscribed 15.27 times so far, highlighting robust demand across all investor categories.

Retail Investors Drive Demand; Institutional Bidding Also Strong

Investor enthusiasm has been widespread, with retail investors at the forefront:

• Retail Individual Investors (RIIs): 21.32 times subscribed
• High Net-Worth Individuals (HNIs): 6.74 times subscribed
• Qualified Institutional Buyers (QIBs): Over 8 times subscribed

In total, 17.91 crore bids have been received for just 1.17 crore shares, reflecting broad-based investor confidence in the offering.

Key IPO Details: Price Band, Lot Size, Listing Information

• Price Band: ₹67 to ₹71 per share
• Lot Size: Minimum of 211 shares
• Total Fresh Issue: 1.68 crore equity shares
• Listing Exchanges: BSE and NSE

Investors who wish to participate still have time to submit bids before the 5 PM cut-off today.

₹35.70 Crore Raised from Anchor Investors Ahead of Launch

Ahead of the IPO opening, Globe Civil Projects secured ₹35.70 crore from anchor investors on 23 June, indicating institutional trust in the company. Notable anchor participants include:

• Chanakya Opportunities Fund I
• Maybank
• Benani Capital
• (Three other unnamed entities also participated)

Use of Funds: Capex, Equipment and Corporate Needs

Proceeds from Globe Civil Projects IPO will be directed towards:

• Capital expenditure plans
• Procurement of machinery and equipment
• General corporate purposes

The issue is managed by Mefcom Capital Markets Ltd as the book-running lead manager, with KFin Technologies Ltd serving as the registrar.

With strong investor backing and just hours left, the final subscription tally will determine the IPO’s closing momentum.

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