New Delhi, June 19 -- Globe Civil Projects IPO GMP ahead of opening: The initial public offering (IPO) of Globe Civil Projects IPO, which is set to open for bidding on Friday, June 24, is commanding a decent grey market premium (GMP) of Rs.07 as of Thursday.

Based on the issue's upper price band of Rs.71 and the current Globe Civil Projects IPO GMP, the estimated listing price for the company shares stands at Rs.78 per share-a 10% premium over the issue price. The GMP reflects investors' willingness to pay above the IPO price, indicating positive sentiment ahead of the launch.

Investors should note that the GMP is likely to fluctuate throughout the bidding period.

The IPO will open for bidding on Tuesday, June 24, and remain open until...