The wait is nearly over for thousands of investors who participated in the Globe Civil Projects Limited Initial Public Offering (IPO), as the allotment status is expected to be finalized today, June 27, 2025. This much-awaited event marks a pivotal moment for both retail and institutional investors, following an IPO that generated significant buzz in the Indian capital markets. The IPO, which opened on June 24 and closed on June 26, saw overwhelming demand, reflecting strong confidence in the company’s growth story and the broader infrastructure sector.
Record-Breaking Subscription: Globe Civil Projects IPO Sees Massive Demand
IPO Details and Subscription Figures
Globe Civil Projects Limited, an integrated engineering, procurement, and construction (EPC) company based in New Delhi, offered a fresh issue of 1.68 crore shares, aggregating to ₹119 crore. The price band was set between ₹67 and ₹71 per share, with a minimum application lot of 211 shares, requiring a minimum investment of ₹14,137. The IPO was entirely a fresh issue, with no offer for sale component, ensuring that all proceeds would directly benefit the company’s expansion and operational needs.
The response from the market was nothing short of extraordinary. The IPO was subscribed 80.97 times overall, with the retail portion subscribed 53.67 times, the Qualified Institutional Buyer (QIB) category 82.13 times, and the Non-Institutional Investor (NII) segment a staggering 143.14 times. Such robust demand, particularly from NIIs and QIBs, signals high investor confidence in the company’s fundamentals and future prospects.
Anchor Investment and Grey Market Premium
Ahead of the IPO opening, Globe Civil Projects raised ₹35.70 crore from anchor investors, further boosting market sentiment. The company’s shares have also been commanding a healthy grey market premium (GMP) of nearly 25 percent, indicating strong expectations for a positive listing and post-listing performance.
How to Check Globe Civil Projects IPO Allotment Status
Step-by-Step Guide for Investors
With the allotment status expected to be finalized today, investors are eager to know whether they have secured shares. The process to check the allotment status is straightforward and can be done through multiple channels:
On the Registrar’s Website (Kfin Technologies):
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Visit the Kfin Technologies IPO status portal.
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Select ‘Globe Civil Projects Limited’ from the dropdown menu.
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Enter your PAN, application number, or DP/Client ID.
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Click ‘Submit’ to view your allotment status.
On the BSE Website:
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Visit the BSE IPO application status page.
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Select ‘Equity’ and then choose ‘Globe Civil Projects Limited’.
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Enter your application number and PAN.
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Click ‘Search’ to view allotment details.
On the NSE Website:
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Go to the NSE IPO status page.
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Select the company and enter your application details as prompted.
Investors who are allotted shares will see them credited to their demat accounts by Monday, June 30, 2025. Refunds for unallotted shares are expected to be processed on the same day.
Globe Civil Projects: Company Profile and Financial Performance
Strong Track Record and Diversified Operations
Founded in 2002, Globe Civil Projects Limited has established itself as a leading EPC player, executing projects across 11 Indian states. The company’s portfolio includes transport and logistics infrastructure (roads, bridges, railways, airports), social and commercial buildings (schools, hospitals), and residential and commercial complexes. As of March 31, 2025, the company boasts a robust order book of ₹669.1 crore, reflecting its strong project pipeline and execution capabilities.
The company has successfully completed 37 projects and has 12 ongoing projects, including five in the social and commercial segment. With a team of 112 permanent employees, Globe Civil Projects has demonstrated its ability to deliver large-scale projects on time and within budget.
Impressive Financial Growth
Globe Civil Projects has reported impressive financial growth in recent years. The company’s revenue for FY24 stood at ₹334.81 crore, up from ₹235.17 crore in FY23. Net profit also surged to ₹15.38 crore in FY24, compared to ₹4.85 crore in the previous year. This strong growth trajectory has played a crucial role in attracting investor interest during the IPO.
Utilization of Proceeds
The primary objectives of the IPO are to meet capital expenditure requirements, strengthen working capital, and support general corporate purposes. The infusion of fresh capital is expected to enable Globe Civil Projects to bid for larger projects, invest in advanced construction technologies, and further diversify its project portfolio. This, in turn, is likely to enhance the company’s competitive edge in the fast-growing infrastructure sector.
Listing Details and Market Outlook
Listing Date and Expected Performance
Shares of Globe Civil Projects Limited are proposed to be listed on both the BSE and NSE, with a tentative listing date of Tuesday, July 1, 2025, at 10:00 am. Given the strong subscription numbers and the prevailing grey market premium, market experts anticipate a robust debut for the stock. The listing is expected to attract significant trading volumes, with both short-term traders and long-term investors keenly watching the price action.
Expert Opinions and Investor Sentiment
Market analysts have largely given a positive verdict on Globe Civil Projects’ IPO, citing the company’s diversified operations, healthy order book, and strong financials as key strengths. The overwhelming subscription, especially from institutional investors, is seen as a testament to the company’s credibility and growth prospects. However, experts also advise investors to monitor the company’s execution capabilities and the broader economic environment post-listing.
What to Do After the Allotment: Next Steps for Investors
For Allotted Investors
If you have been allotted shares, ensure that they are credited to your demat account by June 30, 2025. You can choose to hold the shares for potential long-term gains or sell them on the listing day, depending on your investment strategy and market conditions.
The anticipation surrounding the Globe Civil Projects IPO allotment has created a palpable buzz in investment circles, with both seasoned investors and first-time applicants closely monitoring every update. The sheer scale of oversubscription has not only highlighted the company’s strong brand appeal but has also underscored the growing appetite for infrastructure stocks in India’s rapidly evolving market. Many investors are hopeful that the robust demand will translate into substantial listing gains, mirroring the positive momentum seen in recent successful IPOs. This wave of optimism is further amplified by the company’s consistent financial performance and its strategic positioning in the infrastructure sector, which continues to receive a policy boost from the government’s focus on national development.
For Globe Civil Projects, the IPO marks a transformative chapter in its corporate journey. The infusion of fresh capital is expected to accelerate the company’s expansion plans, enabling it to bid for larger and more complex projects across India. Management has already outlined its intentions to invest in advanced construction equipment, adopt cutting-edge project management technologies, and strengthen its workforce to meet rising demand. These forward-looking initiatives are designed to enhance operational efficiency, reduce project turnaround times, and cement the company’s reputation as a reliable partner in the infrastructure domain.
The overwhelming response to the IPO has also shone a spotlight on the evolving profile of Indian investors. With digital platforms making IPO participation more accessible, a new generation of retail investors is actively seeking opportunities in high-growth sectors. This democratization of investment has led to more informed and engaged market participants, who are not only tracking allotment status but also analyzing company fundamentals, peer comparisons, and sectoral trends before making decisions. As a result, the post-listing performance of Globe Civil Projects is expected to be shaped by a diverse and dynamic investor base.
For Non-Allotted Investors
If you did not receive an allotment, your application money will be refunded to your bank account. You can monitor the stock’s performance post-listing and consider entering the market at an opportune time, based on your analysis and risk appetite.
Globe Civil Projects IPO: Key Takeaways and Future Prospects
The Globe Civil Projects IPO has emerged as one of the most talked-about public issues of 2025, thanks to its strong fundamentals, impressive growth record, and overwhelming investor response. The company’s focus on infrastructure development aligns well with India’s long-term growth trajectory, making it an attractive bet for both retail and institutional investors.
With the allotment status set to be finalized today, the next few days will be crucial for investors as they prepare for the stock’s market debut. The company’s ability to execute its ambitious plans and maintain financial discipline will be key factors in determining its long-term success.
Market analysts are keenly watching how Globe Civil Projects will deploy the IPO proceeds in the coming quarters. The company’s stated focus on strengthening its order book, improving working capital, and exploring new business verticals is seen as a prudent strategy in an industry known for its capital-intensive nature. Analysts note that successful execution of these plans could drive sustained revenue growth and profitability, potentially positioning Globe Civil Projects as a mid-cap leader in the infrastructure space. However, they also caution that the company must navigate challenges such as rising input costs, regulatory changes, and competitive pressures to maintain its growth trajectory.
The IPO’s success has also prompted discussions about the broader outlook for the Indian infrastructure sector. With the government’s continued emphasis on building roads, railways, airports, and urban infrastructure, companies like Globe Civil Projects are well-placed to benefit from increased public and private investment. Industry experts believe that the sector’s growth will be further supported by policy reforms, improved project financing options, and the adoption of innovative construction technologies. This positive macroeconomic backdrop bodes well for Globe Civil Projects and its peers, providing a fertile ground for expansion and value creation.
As the allotment status is finalized and the listing date approaches, all eyes are now on Globe Civil Projects’ debut on the stock exchanges. The company’s ability to deliver on its promises, maintain transparent communication with shareholders, and adapt to changing market dynamics will be critical in sustaining investor confidence. For those who have secured an allotment, the journey is just beginning, as they become stakeholders in a company poised for growth in one of India’s most vital sectors. For the broader market, the Globe Civil Projects IPO stands as a testament to the enduring appeal of infrastructure investments and the exciting opportunities that lie ahead in India’s economic landscape.
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