Globe Civil Projects IPO Oversubscribed 15.27 Times, Strong Investor Interest Across Categories

1 min read Updated on 26 Jun 2025, 08:32 AM

By ScanX News Team

Overview

Globe Civil Projects Limited's IPO has been oversubscribed 15.27 times overall. Retail investors showed the highest interest with 21.32 times oversubscription, followed by Qualified Institutional Buyers at 8.00 times and High Net Worth Individuals at 6.74 times. The company aims to raise ₹119.00 crore by offering 1.68 crore shares at a price band of ₹67.00 to ₹71.00 per share. The shares are expected to be listed on both BSE and NSE.

*this image is generated using AI for illustrative purposes only.

Globe Civil Projects Limited's Initial Public Offering (IPO) has garnered significant attention from investors, with the issue being oversubscribed 15.27 times overall. The robust demand across various investor categories underscores the strong interest in the company's public offering.

Subscription Details

The IPO, which aims to raise ₹119.00 crore, saw enthusiastic participation from different segments of investors:

Investor Category	Subscription Rate
Retail Investors	21.32 times
Qualified Institutional Buyers	8.00 times
High Net Worth Individuals (HNIs)	6.74 times
Overall	15.27 times

The retail portion of the IPO witnessed the highest demand, being oversubscribed 21.32 times. This strong retail interest indicates significant confidence among individual investors in Globe Civil Projects' growth prospects.

Qualified Institutional Buyers (QIBs) also showed substantial interest, with their portion being oversubscribed 8.00 times. The participation of institutional investors often lends credibility to an IPO and can be seen as a positive signal by other investor categories.

High Net Worth Individuals (HNIs) contributed to the success of the IPO as well, with their portion being oversubscribed 6.74 times.

IPO Details

Globe Civil Projects is offering 1.68 crore shares through this fresh issue. The company has set the price band for the IPO at ₹67.00 to ₹71.00 per share. At the upper end of the price band, the company aims to raise ₹119.00 crore from this public offering.

Listing Plans

Following the successful completion of the IPO, Globe Civil Projects' shares are slated to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The dual listing is expected to provide liquidity and trading options for investors across India's two major stock exchanges.

The strong oversubscription across all investor categories suggests a positive sentiment towards Globe Civil Projects' business model and growth potential. However, it's important to note that IPO subscription rates do not necessarily predict the stock's performance post-listing. Investors should always conduct thorough research and consider their risk appetite before making investment decisions.