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( As on 17/06/2025 15:50)

Globe Civil Projects announces launch of initial public offering

Globe Civil Projects Ltd. has announced public offering of 12570420 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 61.00 per share. The gross proceeds of the issue are expected to be Rs 8,925.00 lakhs.

The company's initial public offer (IPO) will open on 24 June 2025 and is expected to close on 26 June 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 67.00-71.00 per share.

The IPO includes a fresh Issue of 12570420 Equity Shares of the Company at an price of Rs 71.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 211 shares with bids in multiples of 211.

Globe Civil Projects Ltd. anticipates using the proceeds of the issue for .

Mefcom Capital Markets Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.