Latest news with #GlobeCivilProjectsLimited
Time of India
3 days ago
- Business
- Time of India
Globe Civil Projects IPO allotment status expected today. Here's how to check
The allotment status for Globe Civil Projects' Rs 119 crore IPO is expected to be finalised today. Investors who applied in the IPO can check their allotment status online once it is processed by the registrar, Kfin Technologies . The equity shares are proposed to be listed on both BSE and NSE, with a tentative listing date set for Tuesday. The IPO, which was open for bidding from June 24 to June 26, was entirely a fresh issue of 1.68 crore shares at a fixed price of Rs 71 per share. The issue received strong investor response and was subscribed 80.97 times overall, with the retail portion subscribed 53.67 times, the QIB category 82.13 times, and the NII segment a whopping 143.14 times. Ahead of the IPO opening, Globe Civil Projects raised Rs 35.70 crore from anchor investors on June 23. Here's how you can check the Globe Civil Projects IPO allotment status: On the registrar's website (Kfin Technologies): Visit: Select 'Globe Civil Projects Limited' from the dropdown list Enter your PAN, application number, or DP/Client ID Click 'Submit' to view your allotment status On the BSE website: Visit: Select 'Equity' and then choose 'Globe Civil Projects Limited' Enter your application number and PAN Click "Search" to view allotment details Investors who are allotted shares will have them credited to their demat accounts by Monday, June 30, 2025. Refunds for unallotted shares will also be initiated on the same day. Globe Civil Projects is an EPC company with a strong presence in infrastructure projects across 11 Indian states. The IPO proceeds will be used to fund working capital requirements, purchase construction equipment, and for general corporate purposes. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
4 days ago
- Business
- Mint
Globe Civil Projects IPO Day 3 LIVE: Issue subscribed 15.27x so far. Check GMP. Should you apply or not?
Globe Civil Projects IPO Day 3 LIVE: The public offering for Globe Civil Projects was entirely subscribed on the opening day of bidding, Tuesday, June 24. The response from investors for the civil construction and infrastructure development firm has been exceptionally positive, showing strong subscription figures. The offering period concludes today, Thursday, June 26. Globe Civil Projects Limited is a full-service Engineering, Procurement, and Construction (EPC) company situated in New Delhi. The firm has successfully executed projects in 11 states throughout India, including 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 backlog stands at ₹ 8,929.45 million, covering 14 different projects. According to the red herring prospectus (RHP), the company's listed competitors include B L Kashyap and Sons Ltd (with a P/E ratio of 29.57), Ceigall India Ltd (with a P/E ratio of 12.88), PSP Projects Ltd (with a P/E ratio of 20.38), Capacit'e Infraprojects Ltd (with a P/E ratio of 20.56), and Ahluwalia Contracts (India) Ltd (with a P/E ratio of 16.41). The Globe Civil Projects 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 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 IPO subscription status is 15.27 times on day 2, so far. The retail portion was subscribed 16.74 times, and NII portion has been booked 21.32 times, Qualified Institutional Buyers (QIBs) portion has received 8.15 times bids. The company has received bids for 17,91,18,955 shares against 1,17,32,392 shares on offer, at 17:00 IST, according to data on BSE.
Mint
6 days ago
- Business
- Mint
Globe Civil Projects IPO day 1 Live: GMP, subscription status to review. Apply or not?
Globe Civil Projects IPO: The initial public offering (IPO) of Globe Civil Projects Limited has hit the Indian primary market today. The public issue will remain open until 26 June 2025. The company has declared the Globe Civil Projects IPO price band at ₹ 67 to ₹ 71 per equity share. The book build issue is proposed for listing on the BSE and the NSE. The initial public offer aims to raise ₹ 119 crore from this public issue by issuing fresh shares. According to market observers, company shares are available in the grey market well ahead of the IPO subscription opening. They said that one share of Globe Civil Projects Limited is available at a premium of ₹ 14 in the grey market today. 1] Globe Civil Projects IPO GMP: According to market observers, the company's shares are available at a premium of ₹ 14 in the grey market today. 2] Globe Civil Projects IPO price: The company has declared the price band for the book-build issue at ₹ 67 to ₹ 71 per equity share. 3] Globe Civil Projects IPO date: The public issue has opened today and will remain open until 26 June 2025. 4] Globe Civil Projects IPO size: The company aims to raise ₹ 119 crore by issuing fresh shares. 5] Globe Civil Projects IPO lot size: A bidder can apply in lots, and one lot of the book build issue comprises 211 company shares. 6] Globe Civil Projects IPO allotment date: The most likely date to finalise the share allocation is 27 June 2025. Infographic: Courtesy mintgenie 7] Globe Civil Projects IPO registrar: Kfin Technologies Limited has been appointed the official registrar of the book build issue. 8] Globe Civil Projects IPO lead manager: Mefcom Capital Market has been appointed lead manager of the public issue. 9] Globe Civil Projects IPO listing date: The most likely date for listing shares is 1 July 2025. 10] Globe Civil Projects IPO review: On whether one should apply for the public issue or not, Gaurav Goel, Founder & Director at Fynocrat Technologies, said, "Globe Civil Projects Ltd. is a promising regional EPC player with a solid execution record, healthy margins, and improving profitability. While debt remains a concern and the company is still scaling up, the IPO is fairly valued and backed by a decent order book. Given its high RoE and project pipeline, investors with a long-term view and appetite for small-cap infra exposure should consider applying. However, short-term investors should temper expectations due to the company's size and sector risks." Advising investors to apply for the public issue, the Ventura Securities report says, "Globe Civil Projects Ltd, incorporated in 2002 and converted to a public company in 2024, is a Delhi-based infrastructure development company engaged in EPC (engineering, procurement, construction) contracts. The company executes government contracts involving roads, flyovers, bridges, sewerage systems, and civil structures, primarily for municipal corporations and urban local bodies. It operates in the fast-expanding Indian urban infrastructure sector and has executed over 55 projects since its inception. As of FY24, it had an order book exceeding ₹ 900 Cr. The company maintains strong EBITDA margins (33.2% in FY24) and reported a 3-year revenue CAGR of ~8%. The IPO is a fresh issue and aims to fund working capital needs and strengthen the balance sheet to support future growth." The market capitalisation of Mayasheel Ventures IPO is ₹ 424 crore. As of 31 March 2025, the company's price-to-book ratio was ₹ 3.92. The company's PAT margin stood at 4.59, and the debt-equity ratio was 1.60. The company's ROE is 21.95%, and ROCE is slightly above 23%. 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.
Mint
7 days ago
- Business
- Mint
Globe Civil Projects IPO opens tomorrow. GMP, price, size, review, other details in 10 points
Globe Civil Projects IPO: The initial public offering (IPO) of Globe Civil Projects Limited is set to hit the Indian primary market. The public issue will open on 24 June 2025 and remain open until 26 June 2025. The company has declared the Globe Civil Projects IPO price band at ₹ 67 to ₹ 71 per equity share. The book build issue is proposed for listing on the BSE and the NSE, and it aims to raise ₹ 119 crore from this public issue via the issuance of fresh shares. According to market observers, company shares are available in the grey market. They said that one share of Globe Civil Projects Limited is available at a premium of ₹ 14 in the grey market today. 1] Globe Civil Projects IPO GMP: According to market observers, the company's shares are available at a premium of ₹ 14 in the grey market today. 2] Globe Civil Projects IPO price: The company has declared the price band for the book-build issue at ₹ 67 to ₹ 71 per equity share. 3] Globe Civil Projects IPO date: The public issue will open on 24 June 2025 and remain open until 26 June 2025. 4] Globe Civil Projects IPO size: The company aims to raise ₹ 119 crore by issuing fresh shares. 5] Globe Civil Projects IPO lot size: A bidder can apply in lots, and one lot of the book build issue comprises 211 company shares. 6] Globe Civil Projects IPO allotment date: The most likely date to finalise the share allocation is 27 June 2025. 7] Globe Civil Projects IPO registrar: Kfin Technologies Limited has been appointed the official registrar of the book build issue. 8] Globe Civil Projects IPO lead manager: Mefcom Capital Market has been appointed lead manager of the public issue. 9] Globe Civil Projects IPO listing date: The most likely date for listing shares is 1 July 2025. 10] Globe Civil Projects IPO review: The market capitalisation of Mayasheel Ventures IPO is ₹ 424 crore. As of 31 March 2025, the company's price-to-book ratio was ₹ 3.92. The company's PAT margin stood at 4.59, and the debt-equity ratio was 1.60. The company's ROE is 21.95%, and ROCE is a little above 23%. 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.
Mint
17-06-2025
- Business
- Mint
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.
