Globe Civil Projects IPO opens with a 4.77x subscription on Day 1 and a rising GMP of ₹14. Should you apply? Here’s everything investors need to know.
India’s IPO market continues its hot streak as Globe Civil Projects Ltd. makes a strong entrance. On Day 1, the IPO was subscribed 4.77 times, and the GMP (Grey Market Premium) has climbed to ₹14, reflecting bullish sentiment among investors.
The Delhi-based EPC player, known for executing public infrastructure projects like roads, bridges, and sewage systems, is looking to raise ₹119 crore via fresh issue.
“It’s not just another IPO — it’s a glimpse into India’s infrastructure growth story.”
IPO Snapshot
- IPO Dates: June 24 – June 26, 2025
- Price Band: ₹67 – ₹71
- Lot Size: 211 shares
- Issue Size: ₹119 crore (fresh issue only)
- GMP Today: ₹14 (approx. 20% potential listing gain)
- Expected Listing: July 1, 2025
- Registrar: KFin Technologies
- Lead Manager: Mefcom Capital
Subscription Status (Day 1 @ 1:30 PM)
- Overall: 4.77x
- Retail: 3.34x
- NII (HNI): 3.73x
- QIB: 8.05x
Should You Apply?
Experts believe this IPO is fairly valued, with solid fundamentals like:
- 3-year revenue CAGR of 8%
- ROE of 21.95%
- Strong FY24 EBITDA margin of 33.2%
- Order book exceeding ₹900 crore
However, small-cap risks and a debt-equity ratio of 1.60 mean short-term investors should temper expectations.
“Apply with a long-term view if you believe in India’s infra growth and are okay with small-cap volatility.”
Related Read:
HDB Financial Services IPO GMP
In Summary:
With a strong start, rising GMP, and promising financials, the Globe Civil Projects IPO could be a good bet for investors seeking infra exposure in a growing economy.
#GlobeCivilIPO #IPO2025 #GreyMarketPremium #InfraStocks
❓ FAQs
Q1. What is the GMP of Globe Civil Projects IPO today?
A. The GMP is ₹14, indicating a potential ~20% listing gain.
Q2. What is the IPO price band and lot size?
A. The price band is ₹67–₹71, and one lot comprises 211 shares.
Q3. How much has the IPO been subscribed so far?
A. It’s subscribed 4.77x overall on Day 1.
Q4. What’s the purpose of this IPO?
A. The funds will be used to meet working capital needs and strengthen the balance sheet.
Q5. Should I apply for Globe Civil Projects IPO?
A. Long-term investors may find value in the infra story. Short-term investors should weigh the risks.
