Globe Civil Projects IPO share allotment status is scheduled to be finalised on June 27, following the end of the subscription period.

Globe Civil Projects Ltd.’s initial public offering was subscribed 86.04 times on the third and final day of bidding on Thursday. It was subscribed 15.27 times on its second day. On the first day, the IPO was subscribed 6.97 times, led by demand from non-institutional buyers.

The Qualified Institutional Buyers (QIBs) booked their quota 99.76 times, while the Non-Institutional Investors (NIIs) subscribed their segment 143.15 times. The retail segment was booked 53.72 times.

After the successful subscription, IPO bidders are waiting for the company to finalise the share allotment status. Investors can check the Globe Civil Projects IPO allotment status on the websites of NSE, BSE and KFin Technologies.

The company will initiate refunds and transfer of shares to the Demat accounts on Monday, June 30.

Globe Civil Projects IPO listing has been scheduled for July 1. Shares of the company will be listed on the NSE and BSE.

The Engineering, Procurement and Construction (EPC) company launched its initial public offering (IPO) on June 24 to raise Rs 119 crore from the primary market.

How to check Globe Civil Projects IPO allotment status on BSE

  • Visit the BSE’s IPO allotment status page: https://bseindia.com/investors/appli_check.aspx.

  • Set the issue type as ‘Equity’.

  • Select ‘Globe Civil Projects Ltd.’ from the dropdown list of IPO names.

  • Enter your PAN or IPO application number.

  • Click on the ‘Search’ button to view your allotment status. 

How To Check Globe Civil Projects IPO Allotment Status On NSE

  • Visit NSE’s IPO allotment page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

  • Select ‘Equity & SME IPO bid details’.

  • Choose ‘Globe Civil Projects’ with the symbol ‘GLOBECIVIL’.

  • Enter the required details, such as your PAN and application number.

  • Click on ‘Submit’ to view your allotment status.

How to check Globe Civil Projects IPO allotment status on KFin Technologies

  • Go to the KFin Technologies IPO allotment status page: https://ris.kfintech.com/ipostatus/.

  • Choose any of the five available links on the screen.

  • In the ‘Select IPO’ dropdown, choose ‘Globe Civil Projects’.

  • Enter any one of the following: IPO application number, PAN, or Demat account number.

  • Click on ‘Submit’ to check your allotment status

Also Read:

How To Check Kalpataru IPO Allotment Status

How To Check Ellenbarrie Industrial Gases IPO Allotment Status

Globe Civil Projects IPO GMP Today

According to Investorgain, the latest grey market premium (GMP) for the Globe Civil Projects IPO stood at Rs 19 per share. Based on the upper limit of the price band of Rs 71 per share, the estimated listing price is expected to be Rs 90.

The latest GMP suggests a potential listing gain of around 26.76% per share.

Note: GMP does not represent official data and is based on speculation.

Globe Civil Projects IPO consisted entirely of a fresh issue of 1.68 crore equity shares. The price band for the IPO was set at Rs 67 to Rs 71 per share.  

Incorporated in 2002, Globe Civil Projects Limited is an integrated Engineering, Procurement, and Construction (EPC) company headquartered in New Delhi. The company is present in 11 states, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand and Himachal Pradesh. Over the years, it has completed 37 projects and is currently executing 12 ongoing projects.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.

. Read more on Markets by NDTV Profit.Globe Civil Projects IPO listing has been scheduled for July 1. Shares of the company will be listed on the NSE and BSE.  Read MoreMarkets, Trending, IPOs 

​NDTV Profit