Globe Civil Projects IPO Day 2 Live: GMP, Subscription Status to Review. Apply or Not?
The Globe Civil Projects IPO is now on its second day of subscription, attracting widespread investor interest. This update offers a detailed review of the current grey market premium (GMP), subscription status across various categories, and key insights to help investors decide whether to apply.
Subscription Status Update
As of Day 2, the IPO is oversubscribed nearly 9 times, with the Non-Institutional Investors (NII) segment leading at 11 times oversubscription. The strong subscription trend reflects robust demand, particularly from high-net-worth and institutional investors.
Grey Market Premium (GMP) Insights
The GMP currently stands around ₹15, suggesting a modest premium over the IPO price band. This indicates expectations of reasonable listing gains but also reflects cautious investor sentiment due to market conditions.
Company Overview
Globe Civil Projects Limited operates in the engineering, procurement, and construction sector, focusing on infrastructure development in transport, logistics, and commercial segments. The company reported:
Revenue of ₹332.16 crore in FY24
Profit after tax of ₹15.37 crore in FY24
Order book value of ₹892.95 crore as of August 31, 2024
The IPO proceeds will fund working capital, capital expenditure, and general corporate purposes, positioning the company for future growth.
Frequently Asked Questions (FAQ)
Q1. What is the price band for Globe Civil Projects IPO?
The IPO price band is set between ₹500 and ₹515 per share.
Q2. How many times is the IPO subscribed on Day 2?
The IPO is nearly 9 times subscribed overall, with the NII portion oversubscribed 11 times.
Q3. What is Grey Market Premium (GMP)?
GMP is the unofficial price at which IPO shares trade before listing, indicating expected gains or losses.
Q4. What are the key financials of Globe Civil Projects?
In FY24, revenue was ₹332.16 crore with a net profit of ₹15.37 crore and an order book of ₹892.95 crore.
Q5. Should I invest for long-term gains or short-term listing profits?
The IPO looks promising for long-term investors given fundamentals and sector growth; short-term listing gains seem modest.
Published on: June 25, 2025
Uploaded by: PAVAN
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