Globe Civil Projects IPO - Day 3 Subscription at 80.97 Times

Globe Civil Projects' initial public offering (IPO) has demonstrated exceptional investor demand through its third day of subscription, with Globe Civil Projects' stock price set at ₹71 per share and Globe Civil Projects' share price reflecting outstanding market reception. The ₹119.00 crore IPO has witnessed extraordinary progress, with subscription rates opening at 6.97 times on day one, improving to 15.26 times on day two, and surging to 80.97 times by 5:04:36 PM on day three, indicating remarkable investor interest in this integrated engineering, procurement, and construction (EPC) company incorporated in 2002.

Globe Civil Projects IPO non-institutional investors segment leads with an exceptional 143.14 times subscription, while qualified institutional buyers demonstrate outstanding participation at 82.13 times and retail investors show remarkable interest at 53.67 times, reflecting extraordinary investor confidence in this company with a diversified project portfolio through comprehensive EPC and construction expertise.

Globe Civil Projects IPO subscription reached an extraordinary 80.97 times on day three, led by NII (143.14x), QIB (82.13x), and Retail (53.67x). Total applications reached 15,75,415.

Subscription Status of Globe Civil Projects IPO:

Here are the subscription details for Globe Civil Projects IPO as of Day 3 (June 26, 2025, 5:04:36 PM):

Key Highlights - Day 3:

• Overall subscription reaching an extraordinary 80.97 times, a massive surge from day two's 15.26 times
• NII segment leading with exceptional demand at 143.14 times, a dramatic increase from day two's 21.32 times
• QIB segment demonstrating outstanding participation at 82.13 times, a remarkable jump from day two's 8.15 times
• sNII subsegment showing extraordinary participation at 150.25 times, significantly outperforming bNII at 136.80 times
• Retail segment achieving remarkable interest at 53.67 times, a substantial improvement from day two's 16.73 times
• Total applications reached 15,75,415, indicating massive investor participation
• The cumulative bid amount reached ₹6,744.84 crores against the issue size of ₹119.00 crores

Globe Civil Projects IPO - Day 2 Subscription at 15.26 Times

Key Highlights - Day 2:

• Overall subscription reaching a strong 10.03 times, solid improvement from day one's 6.97 times
• NII segment leading with excellent demand at 12.41 times, a significant increase from day one's 8.17 times
• Retail segment showing strong participation at 10.12 times, a substantial improvement from day one's 5.84 times
• QIB segment demonstrating solid interest at 8.07 times, stable from day one's 8.06 times
• sNII subsegment showing excellent participation at 14.56 times, indicating strong high-net-worth interest
• Total applications reached 2,56,688, cumulative bid amount reached ₹835.08 crores against the issue size of ₹119.00 crores

Globe Civil Projects IPO - Day 1 Subscription at 6.97 Times

Key Highlights - Day 1:

• Overall subscription opening strongly at 6.97 times, showing positive initial investor interest
• NII segment leading with solid early participation at 8.17 times, indicating strong high-net-worth confidence
• QIB segment showing strong early interest at 8.06 times, reflecting institutional confidence
• Retail segment demonstrating good early participation at 5.84 times, indicating positive individual investor confidence
• Opening day demonstrates encouraging initial engagement across all categories

About Globe Civil Projects IPO

Incorporated in 2002, Globe Civil Projects Limited is an integrated Engineering, Procurement, and Construction (EPC) company headquartered in New Delhi. The company has successfully executed projects across 11 states in India, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh.

Globe Civil Projects Limited has completed 37 projects and is currently working on 12 ongoing projects, including five social and commercial projects. As of August 31, 2024, the company's order book stands at ₹8,929.45 million, covering 14 projects: 6 Infrastructure - Social and Commercial projects, 3 Infrastructure - Transport and Logistics projects, 4 Non-Infrastructure - Housing projects, and 1 Non-Infrastructure - Commercial Office project.

Globe Civil Projects Limited has a team of 112 permanent employees as of August 31, 2024, with promoters Ved Prakash Khurana, Nipun Khurana, and Vipul Khurana holding 88.14% pre-issue and 63.43% post-issue shareholding.
Financial performance shows mixed results with revenue declining from ₹334.81 crores in FY2024 to ₹256.74 crores in December 2024 (9 months), while profit after tax increased from ₹15.38 crores to ₹17.79 crores. The company maintains decent profitability metrics with 21.95% ROE and 23.07% ROCE, but operates with a high debt-to-equity ratio of 1.60 and total borrowings of ₹137.97 crores. Market capitalisation post-IPO would be ₹424.00 crores with a post-IPO P/E ratio of 17.88x.

Highlights of the Globe Civil Projects IPO:

• IPO type: Book Building IPO
• IPO size: ₹119.00 crores
• Fresh Issue: 1.68 crore shares
• Face value: ₹10 per share
• Issue price band: ₹67 to ₹71 per share
• Lot size: 211 shares
• Minimum investment for retail investors: ₹14,981 (1 lot, 211 shares)
• Minimum investment for sNII: ₹2,09,734 (14 lots, 2,954 shares)
• Minimum investment for bNII: ₹10,03,727 (67 lots, 14,137 shares)
• Anchor investor allocation: ₹35.70 crores
• Book-running lead manager: MEFCOM Capital Markets Limited
• Registrar: Kfin Technologies Limited
• Listing at: BSE, NSE
• IPO opens: June 24, 2025
• IPO closes: June 26, 2025
• Allotment date: June 27, 2025
• Listing date: July 1, 2025