Globe Civil Projects IPO Subscribed 80.97 times on the last day, while the retail quota was subscribed 53.67 times, QIB subscribed 82.13 times, and NII quota subscribed 143.14 times, respectively.
Details About Globe Civil Projects IPO
Globe Civil Projects got approval from SEBI for an IPO of ₹119 crores, which is entirely a fresh issue of ₹119 crores to raise funds and maintain financial stability. The face value of each share was ₹10.
Moreover, the company has set up a price band between ₹67 to ₹71 per share. In this IPO a total of 211 shares were available in 1 lot size for the minimum Retail category, and for the maximum retail category, 2743 shares in 13 lot sizes.
S-HNI (Min) has a total of 2,954 shares in 14 lot sizes, while B-HNI Minimum has a total of 14,137 shares available in 67 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,981 and maximum investment of ₹1,94,753.
- Small HNI (S-HNI): Minimum investment of ₹2,09,734.
- Big HNI (S-HNI): Minimum investment of ₹10,03,727.
Subscription duration of the Globe Civil Projects IPO
The opening date of the Globe Civil Projects IPO subscription was June 24, 2025, and the closing date was June 26, 2025. The Globe Civil Projects IPO allotment was finalized on June 27, 2025, and the IPO listing is on July 1, 2025.
Funds Deployment of This Company
- Funding the working capital requirements of our Company;
- Funding capital expenditure requirements towards the purchase of equipment/machinery; and
- General corporate purposes
About Globe Civil Projects IPO
Globe Civil Projects also works on carrying out and building infrastructure projects, including transport and logistics, social and commercial buildings, as well as other non-infrastructure projects. Globe Civil Projects Limited was founded in 2002 and started work as an integrated Engineering, procurement, and construction company.
The company also provides several other services, including mechanical, electrical, and plumbing (MEP), architectural and structural work, HVAC, firefighting systems, and fire alarm systems.
According to the DRHP, Globe Civil Projects Ltd has completed 37 projects, 12 ongoing projects, 5 social and commercial infrastructure projects, 3 Transport and Logistics projects, and 1 office building project. As of August 31, 2024, the company includes a team of 112 permanent employees.
Globe Civil Projects IPO Financial Background
The company reported revenue of ₹334.81 crores in 2024 against ₹235.17 crores in 2023. The company reported a profit of ₹15.38 crores in 2024 against a profit of ₹4.85 crores in 2023.
