New Delhi, July 1 -- Globe Civil Projects share price surged as much as 4.89 per cent to Rs.94.40 on NSE after making stock market debut on July 1. The stock rose over 32.54 per cent from the issue price of Rs.71.

Globe Civil Projects shares was listed at a premium of 28.3 per cent. The stock opened at Rs.91.10 on the BSE and Rs.90 on the NSE.

The IPO of Globe Civil Projects, featuring a fresh issue of 1.68 crore shares, witnessed an overwhelming response from all investor categories, with an overall subscription of 80.97 times.

The Non-Institutional Investor (NII) segment led the demand with a subscription of 143.14 times, followed by Qualified Institutional Buyers (QIBs) at 82.13 times, and retail investors at 53.67 times.

The funds...