India-based Globe Civil Projects Ltd, headquartered in Maharashtra, is set to finalize its IPO allotment on June 27 after witnessing strong investor interest. The ₹119 crore issue, managed by MEFCOM Capital Markets and registered by Kfin Technologies, received bids 86.04 times its offering. The IPO shares are expected to list on July 1, 2025, with a premium of ₹19 in the grey market.
Maharashtra-based Globe Civil Projects Ltd, a prominent infrastructure and civil engineering company, is set to finalize its IPO allotment today. The company had opened its ₹119 crore initial public offering (IPO) for public subscription from June 24 to June 26, 2025.
The IPO witnessed overwhelming investor interest, with total subscriptions reaching 86.04 times the offered size. Retail investors subscribed 53.72 times, Qualified Institutional Buyers (QIBs) 99.76 times, and Non-Institutional Investors (NIIs) 143.15 times.
The equity shares of Globe Civil Projects will be listed on both BSE and NSE, with the listing scheduled for July 1, 2025. The IPO price was set at ₹71 per share, and based on the current grey market premium (GMP) of ₹19, the listing price is estimated to be around ₹90, reflecting a 26.76% premium.
The company raised ₹119 crore through a fresh issue of 1.68 crore equity shares, with no offer-for-sale component. MEFCOM Capital Markets acted as the Book Running Lead Manager, while Kfin Technologies served as the IPO registrar.
How to Check IPO Allotment Status:
Via BSE
- Visit: https://www.bseindia.com/investors/appli_check.aspx
- Select “Equity” in Issue Type
- Choose “Globe Civil Projects Ltd”
- Enter PAN or Application Number
- Click “I am not a robot” → Click “Search”
Via Kfin Technologies
- Visit: https://kosmic.kfintech.com/ipostatus/
- Select IPO: “Globe Civil Projects Ltd”
- Enter Application No./PAN/Demat Account
- Fill Captcha → Click “Submit”
After finalization, shares will be credited to successful investors’ demat accounts, while refunds will be issued to others.
With high demand and a strong GMP, the listing of Globe Civil Projects is being closely watched by investors and market analysts alike.
