Overview

• The IPO opens for subscription from June 24 to June 26 with anchor bids scheduled on June 23 and a tentative July 1 listing.
• Globe Civil Projects has fixed the price band at Rs 67–71 per share with a lot size of 211 equity shares.
• The entirely fresh share issue aims to raise Rs 119 crore for the EPC company.
• Half of the net issue is reserved for qualified institutional bidders, 15% for non-institutional investors and 35% for retail applicants.
• The firm has completed 37 projects, holds an order book of Rs 892.95 crore and is working on 12 ongoing contracts.