The ₹43.15 crore SME IPO of Globe Civil Projects Ltd., which closed on June 27, 2025, recorded an impressive 26x overall subscription, with significant demand from all investor categories.

The issue received:

• Strong retail interest

• Hefty oversubscription by non-institutional (HNI) investors

• Substantial bids from qualified institutional buyers (QIBs) in the final hours

This demand surge aligns with the company’s reputation in the infrastructure and civil construction space.

Final Subscription Status (Day 3, Close)

This level of oversubscription indicates high investor conviction in the company's growth prospects and business model.

GMP Update: What’s the Buzz?

The Grey Market Premium (GMP) for Globe Civil Projects IPO is currently in the range of ₹18–₹20, over the issue price of ₹95 per share.

This translates to a potential listing price of ₹113–₹115, suggesting 21% upside if market sentiment remains steady till the listing.

Note: GMP is unofficial and subject to change based on broader market movements and liquidity conditions.

IPO Details at a Glance

About Globe Civil Projects Ltd.

Globe Civil Projects is a civil engineering and construction company, undertaking large-scale projects across:

• Irrigation

• Roadways

• Bridges

• Water supply and urban infrastructure

With a strong execution track record, the company aims to utilize IPO proceeds for:

• Working capital

• Equipment purchase

• General corporate purposes

Should You Apply or Wait?

Positives:

• Heavy oversubscription = High demand

• 21% GMP = Positive listing sentiment

• Backlog of government contracts and infra projects

Risks:

• SME IPO listing volatility

• Execution risks in infra sector

• Exposure to state-driven project funding cycles

Expert Take:
Ideal for short-term investors eyeing listing gains. Long-term investors should assess project pipeline and revenue growth consistency.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investors are advised to consult with certified financial advisors and read all documents carefully before making investment decisions. Market conditions are subject to change.

The Upcoming IPOs in this week and coming weeks are Crizac, Silky Overseas, Vandan Foods, Pushpa Jewellers, Cedaar Textile, Adcounty Media India, Marc Loire Fashions, Neetu Yoshi.

The Current active IPO are Moving Media Entertainment, Valencia India, PRO FX Tech, Ace Alpha Tech, Indogulf Cropsciences, Suntech Infra Solutions, Rama Telecom, Supertech EV, Sambhav Steel Tubes, HDB Financials, Abram Food, Shri Hare-Krishna Sponge Iron, Icon Facilitators, Globe Civil Projects, Ellenbarrie Indutrial Gases, Kalpataru, AJC Jewel.

The Closed IPOs are Aakaar Medical Technologies, Safe Enterprises Retail Fixtures, Mayasheel Ventures.

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