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Globe Civil Projects IPO Allotment Set for June 27 as Listing Nears

The company will process refunds and Demat account credits on June 30 ahead of its July 1 debut on NSE and BSE.

Globe Civil Projects IPO Allotment Status
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Overview

  • The basis of allotment for the Rs 119 crore IPO will be finalised on June 27 with investors able to check status on NSE, BSE and KFin Technologies.
  • The offer closed with an overall subscription rate of 86.04 times, including 99.76 times demand from QIBs and 143.15 times from NIIs.
  • Investor communications on allotment confirmations and funds debits or revocations will be sent over the weekend.
  • Grey market data shows a premium of Rs 19 per share, indicating potential listing gains of around 27%.
  • Shares are scheduled to begin trading on both exchanges on July 1, marking the company’s market debut.