Globe Civil Projects IPO Day 1 Status: The Globe Civil Projects IPO opened this week with a bang, getting subscribed a massive 6.97 times on Day 1 itself. This strong investor demand comes amid a broader uptick in market interest for infrastructure-focused firms. Backed by healthy fundamentals and a moderate price band, Globe Civil Projects’ public offer has drawn enthusiastic bids from retail, QIB, and NII investors alike.
If you’re considering investing, this guide breaks down the subscription details, GMP trends, issue details, and how to apply online smoothly.
Globe Civil Projects IPO Day 1: Strong Response from All Categories of Investors
Globe Civil Projects IPO Day 1 subscription status, i.e. June 24, 2025, was subscribed a total of 6.97 times, highlighting robust investor confidence in this EPC (Engineering, Procurement, and Construction) firm.
Non-Institutional Investors (NII) led the rally with a subscription of 8.16 times, bidding for over 2.05 crore shares.
Qualified Institutional Buyers (QIBs) followed closely, subscribing 8.06 times with bids for 2.7 crore shares.
Retail Individual Investors (RIIs) put in bids for 3.42 crore shares, subscribing 5.38 times against their quota.
The company also secured ₹35.7 crore from anchor investors a day before the issue opened, boosting market sentiment further.
Also Read: GMP ₹9, Strong ROE, ₹540 Cr Size – Sambhv Steel Tubes IPO Opens on June 25!
Globe Civil Projects IPO GMP Today & Listing Outlook
As per the latest data on June 24, the grey market premium (GMP) for the IPO stands at ₹15 per share. With the upper price band at ₹71, the shares are expected to list around ₹86 apiece, suggesting a 21.13% premium.
The GMP has seen a steady rise from ₹13 to ₹15 this week, particularly after the anchor book round, indicating improving investor sentiment ahead of the listing scheduled for 1 July 2025.
IPO Details: Price Band, Lot Size, and Lead Managers
Here’s a quick look at the key offer details:
| Particulars | Details |
|---|---|
| IPO Size | ₹119 crore (fresh issue only) |
| Price Band | ₹67 – ₹71 per share |
| Lot Size | 211 shares per lot |
| IPO Open & Close Dates | June 24 to June 26, 2025 |
| Registrar | Kfin Technologies Ltd |
| Lead Manager | Mefcom Capital Markets Ltd |
| Expected Listing Date | July 1, 2025 |
This IPO is completely fresh equity, meaning the proceeds will go to the company for expansion and working capital.
Also Read: HDB Financial Services IPO Opens on June 25– Know Latest GMP, Key Dates, Price Band & Lot Size
How to Apply for Globe Civil Projects IPO Online?
Applying online for this IPO is simple and can be done through your demat account. Here’s how:
Through UPI:
Log in to your broker’s app or website.
Go to the IPO section and select ‘Globe Civil Projects Limited’.
Enter bid quantity in multiples of 211 and select your price.
Submit the application and approve the UPI mandate request in your UPI app.
Wait for allotment details to be announced post-issue close.
Through Net Banking (ASBA):
Log in to your bank’s net banking portal.
Click on the ‘IPO/ASBA Services’.
Select Globe Civil Projects IPO.
Fill in your demat details, lot size, and price.
Submit your application. Funds will remain blocked until allotment.
Investors can apply using any SEBI-registered platform with a valid PAN and demat account.
Final Thoughts: Is This EPC Play Worth Considering?
Globe Civil Projects has entered the market at a time when infrastructure and EPC players are in demand, especially with increased government spending on construction and roads. The strong Globe Civil Projects IPO Day 1 subscription across investor categories suggests market confidence in the company’s prospects. Also, the moderate GMP and reasonable price band make it a relatively safer bet for short- to medium-term gains.
However, like with all IPOs, retail investors must evaluate their risk appetite and investment goals before applying.
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Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions
