Overview

• Globe Civil Projects Ltd’s IPO closed at 25.65 times subscription on June 26 after three days of bidding across all investor categories.
• Ellenbarrie Industrial Gases’ offer was subscribed 1.68 times, reflecting moderate demand for its ₹380–₹400 price band issue.
• Kalpataru Ltd’s fully fresh ₹1,590 crore IPO attracted bids for 5.16 crore shares against 2.28 crore on offer, ending at 2.26 times subscribed.
• Grey market premiums indicate potential listing gains of about 24% for Globe Civil (₹17), 6% for Ellenbarrie (₹23.5) and 0.7% for Kalpataru (₹3).
• Regulatory deadlines for NBFC listings and renewed investor interest in large-cap offerings have fueled a busy pipeline of IPOs this season.