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June 23, 2025: Globe Civil Projects IPO GMP has announced its initial public offering (IPO), opening for subscription on June 24, 2025, and closing on June 26, 2025. The fresh issue aims to raise ₹119 crore by issuing 1.68 crore shares priced between ₹67 and ₹71 per share.
The IPO allotment is expected to be finalized by June 27, 2025, with a tentative listing date on the BSE and NSE set for July 1, 2025.
Key IPO Details:
- Price Band: ₹67 – ₹71 per share
- Minimum Lot Size: 211 shares
- Minimum Investment for Retail Investors: Approximately ₹14,137 (at the lower band)
- Suggested Bid Price: At cutoff price (~₹14,981) to avoid oversubscription issues
- sNII Minimum Lot: 14 lots (2,954 shares) – ₹2,09,734
- bNII Minimum Lot: 67 lots (14,137 shares) – ₹10,03,727
Globe Civil Projects operates in the infrastructure and civil engineering sector, and this IPO is fully a fresh issue aimed at expanding the company’s operations and financial stability.
Investors are advised to carefully evaluate the company’s fundamentals and subscribe timely to participate in this opportunity.