Globe Civil Projects IPO: The primary market is gearing up for another busy week, with heightened investor interest. Among the upcoming initial public offerings (IPOs), Globe Civil Projects is poised to make its debut on Dalal Street next week.
The bidding period for the IPO will open on June 24, 2025 (Tuesday) and conclude on June 26, 2025 (Thursday). The integrated engineering, procurement and construction (EPC) firm is raising ₹119 crore via the public offering which comprises only a fresh issue of 1.68 crore shares with no offer for sale (OFS). Here are 5 key details investors must know before the bidding window opens.
Globe Civil Projects IPO Price Band
The EPC firm has set the price band between the range of ₹67 to ₹71 per share. The minimum lot size is 211 shares, which means investors need to apply for at least 211 shares or in multiples thereof to participate in the bidding.
For non-institutional investors, the minimum investment for small NIIs (sNII) is 14 lots or 2,954 shares (₹2,09,734), while for big NIIs (bNII), it is 67 lots or 14,137 shares (₹10,03,727).
Globe Civil Projects IPO Listing
The mainboard IPO's tentative date of listing is fixed for next week, July 1, 2025 (Tuesday). After the closure of the bidding window on June 26, 2025 (Thursday), the allotment will be finalised on June 27, 2025 (Friday).
Globe Civil Projects IPO GMP
GMP or grey market premium reflects the price level at which the shares of the company trade in the unlisted zone before hitting the official bourses.
At 11:50, the shares of Globe Civil Projects were trading at a GMP of ₹13, marking a premium of over 18.31% as per InvestorGain.
Use of Proceeds
The company will be using funds to meet working capital requirements and general corporate purposes. A portion of the proceeds will also be allocated towards capital expenditure for the purchase of construction equipment and machinery.
Company Financials
Globe Civil Projects clocked a revenue of ₹334.81 crore in FY24 as against ₹235.17 crore recorded in FY23. Profit after tax (PAT) stood at ₹15 crore in FY24 as compared to ₹4.85 crore reported in FY23. For the 9 months ending December 31, 2024, the company revenue figure stood at ₹256.74 crore.
