Mumbai, June 27 -- The initial public offer of Globe Civil Projects received bids for 1,00,94,60,714 shares as against 1,17,32,392 shares on offer. The issue was subscribed 86.04 times.

The issue opened for bidding on 24 June 2025 and it closed on 26 June 2025. The price band of the IPO is fixed between Rs 67 and 71 per share.

The public issue comprises entirely of a fresh issue of up to 1,67,60,560 equity shares of a face value of Rs 10 per equity share. Of the net proceeds from the fresh issue, Rs 75 crore will be used to fund working capital requirements, and Rs 14.255 crore will go towards capital expenditure on the purchase of construction equipment/machinery. The balance is for general corporate expenses.

Global Civil Projects, p...