Globe Civil Projects IPO: Price band set at ₹67-71 per share; check issue details, key dates, more
Globe Civil Projects IPO price band: The Globe Civil Projects Limited IPO price band has been fixed in the range of ₹ 67 to ₹ 71 per equity share of the face value of ₹ 10. The Globe Civil Projects IPO date of subscription is scheduled for Tuesday, June 24, and will close on Thursday, June 26. The allocation to anchor investors for the Globe Civil Projects IPO is scheduled to take place on Monday, June 23.
The price to earnings ratio based on diluted EPS for fiscal 2024 at the lower end of the price band is 18.72 and at the upper end of the price band is 19.83 as compared to the average industry peer group P/E ratio of 18.96 times for fiscal 2024. The Globe Civil Projects IPO lot size is 211 equity shares and in multiples of 211 equity shares thereafter.
Globe Civil Projects IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
Tentatively, Globe Civil Projects IPO basis of allotment of shares will be finalised on Friday, June 27, and the company will initiate refunds on Monday, June 30 while the shares will be credited to the demat account of allottees on the same day following refund. Globe Civil Projects share price is likely to be listed on BSE and NSE on Tuesday, July 1.
Globe Civil Projects Limited is a comprehensive Engineering, Procurement, and Construction (EPC) firm based in New Delhi.
The company has successfully completed projects in 11 states across India, which include Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. As of August 31, 2024, the company's total order book amounts to ₹ 8,929.45 million, encompassing 14 projects.
As per the red herring prospectus (RHP), the company's listed peers are B L Kashyap and Sons Ltd (with a P/E of 29.57), Ceigall India Ltd (with a P/E of 12.88), PSP Projects Ltd (with a P/E of 20.38), Capacit'e Infraprojects Ltd (with a P/E of 20.56), Ahluwalia Contracts (India) Ltd (with a P/E of 16.41).
Globe Civil Projects IPO, which is worth ₹ 119 crore, comprises a fresh issue of 1,67,60,560 equity shares. There is no offer for sale (OFS) component.
Globe Civil Projects IPO intends to use the net proceeds from the offering for various purposes, including financing the company's working capital needs, investing in the acquisition of construction equipment and machinery, and addressing general corporate needs.
The lead manager of the issue is Mefcom Capital Markets Ltd, and the registrar of the issue is KFin Technologies Ltd.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
23 minutes ago
- Business Standard
Raymond Realty share price hits 5% upper circuit after listing weak on BSE
Raymond Realty listing today: Raymond Realty shares rallied 5 per cent on the BSE, to hit an intraday high of ₹1,055.20 per share. The shares made a lacklustre debut on the stock exchanges on Tuesday, July 1, 2025, listing at ₹1,005, against its discovered price of ₹1,031.30 on the BSE. Raymond Realty shares, however, bounced back 10 per cent from their intraday low of ₹956.20. Meanwhile, on the National Stock Exchange (NSE), Raymond Realty shares listed at ₹1,000, against its discovered price of ₹1,039.30, exchange data shows. The stock, later, bounced back 7 per cent to ₹1,050 from its intraday low of ₹ 980. The equity shares of Raymond Realty have been listed and admitted to dealings on the Exchange in the list of 'T Group' of securities. The BSE said Raymond Realty scrip will be in 'trade-for-trade' segment for 10 trading days. T group is a surveillance measure that requires securities to be settled on a trade-to-trade basis. Raymond Group demerger The demerger of Raymond Realty was completed on May 1, 2025, and the record date was May 14, 2025 for the purpose of determining the eligible shareholders of Raymond to whom the equity shares of Raymond Realty were to be allotted as per the terms of the Scheme. According to the scheme of arrangements, each shareholder of Raymond was to receive one share of Raymond Realty for every share held in Raymond. About Raymond Realty Raymond Realty has cemented its position amongst the home buyers in Mumbai Metropolitan Region (MMR) region. Raymond Realty stands as the crown jewel of Group's transformation—a net debt-free, pure-play real estate entity that has rapidly ascended to become one of the Top 5 developers in the MMR. Going forward, with a significant development pipeline, Raymond Realty is perfectly positioned to tap into India's urban renaissance, the management said. During the March 2025 quarter (Q4FY25), the company's Real Estate business delivered a healthy quarterly performance with a revenue of ₹766 crore from ₹677 crore in Q4FY24, recording a growth of 13 per cent. It reported an Ebitda of ₹194 crore in Q4FY25 from ₹171 crore in Q4FY24, and an Ebitda margin of 25.3 per cent in Q4FY25. The management said the company expanded its portfolio through the Joint Development Agreement (JDA) route in Q4FY25, having signed two additional JDA's, in Mahim and Wadala, aggregating to ~ ₹6,800 crore. With this, Raymond Realty had a total of six projects outside Thane Land at the end of the March quarter. With these additions, the total potential revenue from current Real Estate business is close to ₹40,000 crore, which includes ~ ₹25,000 crore from Thane Land parcel and ~ ₹14,000 crore from JDA led model. In Q4FY25, the company achieved a strong booking value of ₹636 crore, primarily driven by demand for The Address by GS 2.0, Invictus & Park Avenue – High Street Retail in Thane and in JDA 'The Address by GS' in Bandra.
&w=3840&q=100)
Business Standard
26 minutes ago
- Business Standard
Keystone Realtors up 8% on receiving LoA for Mumbai redevelopment project
Keystone Realtors shares spiked 8.3 per cent in trade on Tuesday, logging an intraday high at ₹666 per share on BSE. At 10:28 AM, Keystone Realtors share price was trading 5.13 per cent higher at ₹645.95 per share on the BSE. In comparison, the BSE Sensex was up 0.06 per cent at 83,652.6. The company's market capitalisation stood at ₹8,140.89 crore. Its 52-week high was at ₹799.95 per share and 52-week low was at ₹484 per share. In one year, Keystone Realtors shares have lost 7.5 per cent as compared to Sensex's rise of 5 per cent. What led to a rally in Keystone Realtors' stock? The northward movement in the stock came after the company, in collaboration with MHADA (Maharashtra Housing and Area Development Authority), received a letter of acceptance (LoA) for the redevelopment of GTB Nagar in Sion. The redevelopment area spans approximately 11.19 acres (45,308 square meters) and is expected to benefit over 1,400 families. It is poised to unlock a saleable area of around 20.7 lakh square feet, with an estimated Gross Development Value (GDV) of approximately ₹4,521 crore. 'We are honoured to have received the LOA for the redevelopment of GTB Nagar in Sion; a project that carries the hopes of 1,200 society members and 200 slum residents. As a pioneer in Mumbai's redevelopment space, Rustomjee has always believed that such projects are not just about infrastructure, but about impact. In partnership with MHADA, we see this as much more than a redevelopment - it is about restoring faith, rebuilding homes and uplifting lives," said Boman Irani, chairman and managing director, Keystone Realtors. About Keystone Realtors Incorporated in 1995, Keystone Realtors is an MMR based real estate developer and a leader in the redevelopment space. The company has a substantial portfolio of projects spanning the Mumbai Metropolitan Region (MMR), with 37 completed projects, 16 ongoing projects, and 26 forthcoming projects that cover all price points, from affordable to super premium. So far, the company has delivered over 26+ million square feet, with a pipeline of over 40+ million square feet in the works. A strategic asset-light approach, an integrated real estate development model, and a strong eye for quality and detail gives the Company's management team an edge over its peers.
Mint
27 minutes ago
- Mint
Indogulf Cropsciences IPO allotment date in focus. Latest GMP, steps to check share allotment status online
Indogulf Cropsciences IPO Allotment: The initial public offering (IPO) of crop protection products manufacturer Indogulf Cropsciences received stellar demand from investors. As the bidding period has ended, focus now shifts on Indogulf Cropsciences IPO allotment date. The subscription period for the public issue ended on June 30, and Indogulf Cropsciences IPO allotment date is likely today, 1 July 2025, while the IPO listing date is expected to be July 3. The company will fix Indogulf Cropsciences IPO allotment status soon. Once the Indogulf Cropsciences IPO allotment status is finalised, the company will then credit the equity shares into the demat accounts of eligible allotment holders, and then initiate refunds to unsuccessful bidders on the same day. Investors can check Indogulf Cropsciences IPO allotment status online through the BSE and NSE websites, along with the official website of the IPO registrar. Bigshare Services Pvt Ltd is Indogulf Cropsciences IPO registrar. In order to do Indogulf Cropsciences IPO allotment status online check, investors must follow a few simple steps mentioned below. Indogulf Cropsciences IPO Allotment Status Check BSE Step 1] Visit BSE website on this link - Step 2] Select 'Equity' in the Issue Type Step 3] Choose 'Indogulf Cropsciences Limited' in the Issue Name dropdown menu Step 4] Enter either Application No. or PAN Step 5] Verify by ticking on 'I am not robot' and click on 'Search' Your Indogulf Cropsciences IPO allotment status will be displayed on the screen. Indogulf Cropsciences IPO Allotment Status Check NSE Step 1] Visit NSE allotment status page on its website here - Step 2] Select 'Equity and SME IPO bids' Step 3] Choose 'Indogulf Cropsciences Limited' from the Issue Name dropdown menu Step 4] Enter your PAN and Application Number Step 5] Click on Submit. Your Indogulf Cropsciences IPO allotment status will be displayed on the screen. Indogulf Cropsciences IPO Allotment Status Check Bigshare Services Step 1] Visit the web portal of Bigshare Services here - Step 2] Select 'Indogulf Cropsciences Limited' in the Select Company dropbox Step 3] Choose among - Application Number/CAF No, Beneficiary ID, or PAN Step 4] Enter the details as per the option selected Step 5] Fill the captcha and hit on 'Search' Your Indogulf Cropsciences IPO allotment status will be displayed on the screen. Indogulf Cropsciences IPO GMP Today Indogulf Cropsciences shares are showing a bullish trend in the unlisted market with a decent grey market premium (GMP). Indogulf Cropsciences IPO GMP today is ₹12 per share, stock market experts said. Hence, Indogulf Cropsciences shares are available at a premium of ₹12 than their issue price in the grey market. Considering the Indogulf Cropsciences IPO GMP today, the estimated listing price of Indogulf Cropsciences shares would be ₹123 apiece, a premium of 10.81% to the issue price of ₹111 per share. Indogulf Cropsciences IPO Subscription Status, Key Details Indogulf Cropsciences IPO opened for public subscription on Thursday, June 26, and closed on Monday, June 30. Indogulf Cropsciences IPO allotment date is likely today, July 1, and the IPO listing date estimated to be July 3. Indogulf Cropsciences shares will be listed on both the stock exchanges, BSE and NSE. The company raised ₹200 crore from the book-building issue, which was a combination of fresh issue of 1.44 crore equity shares aggregating to ₹160 crore, and an offer-for-sale (OFS) of 36 lakh shares worth ₹40 crore. The equity shares were sold at the IPO price of ₹105 to ₹111 per share. Indogulf Cropsciences IPO has been subscribed 25.98 times in total, as the issue received bids for 34.72 crore equity shares, significantly higher than 1.33 crore shares on the offer, as per NSE data. The public issue was subscribed 14.78 times in the retail category, and 33.26 times in the Qualified Institutional Buyers (QIBs) category. The Non Institutional Investors (NII) segment was booked 48.39 times. Systematix Corporate Services is the book-running lead manager, while Bigshare Services Pvt Ltd is the Indogulf Cropsciences IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
