Globe Civil Projects IPO subscribed 15.27 times on Day 2; Check GMP, subscription status, other details

Globe Civil Projects IPO: Globe Civil Projects' initial public offering (IPO) is a book-built issue offering stock market investors a completely fresh issue of equity shares. The Engineering, Procurement, and Construction (EPC) firm's IPO opened for public bidding on Tuesday, 24 June 2025, and is scheduled to close on Thursday, 26 June 2025. 

Investors subscribed 15.27 times to the Globe Civil Projects IPO as of the first day. The IPO witnessed a subscription of 17,91,18,955 or more than 17.91 crore equity shares compared to the 1,17,32,392 or over 1.17 crore shares on offer. 

Out of the three investor segments, the Non-Institutional Investors (NII) portion of the IPO witnessed the largest subscription as investors bid 21.32 times or for 5,35,92,945 (more than 5.35 crore) shares, compared to 25,14,084 equity shares on offer.

The retail investors followed the NII lead, subscribing 16.74 times to the public issue, coming in at a bid for 9,81,90,116 shares, compared to the 58,66,196 shares on offer.

The Qualified Institutional Buyers (QIBs) portion was subscribed 8.15 times or 2,73,35,894 (over 2.73 crore) shares, compared to the 33,52,112 shares on offer. 

The Globe Civil Projects IPo raised ₹35.7 crore from the anchor investors ahead of the public issue open for the public markets.

Globe Civil Projects IPO latest GMP

As of Wednesday, 25 June 2025, the grey market premium (GMP) for the Globe Civil Projects IPO stood at ₹15 per share. With the upper price band for the public issue at ₹71 apiece, the shares are expected to be listed at ₹86 per share, a premium of 21.13 per cent, according to Investorgain data.

Grey market premium is an indicator of the investors' willingness to pay more for a public issue. The GMP increased to the current ₹15 levels after the second day of the bidding, compared to ₹13 levels after the first day on Tuesday, 24 June 2025. 

Globe Civil Projects IPO details

Globe Civil Projects IPO is offering a complete fresh issue of equity shares as the company aims to raise ₹119 crore from the Indian stock market.

The company fixed the price band for the issue in the range of ₹67 to ₹71 per equity share with a lot size of 211 shares per lot. The IPO opened for public bidding on Tuesday, 24 June 2025, and is scheduled to close on Thursday, 26 June 2025.

Mefcom Capital Market is the book-running lead manager for the public issue, while Kfin Technologies Limited is the registrar to the offer. The shares of the EPC firm is poised to be listed on the Indian stock market on 1 July 2025.

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