New Delhi, July 3 -- Civil construction and infrastructure development company Globe Civil Projects Limited made a stellar debut on the BSE and NSE today, listing at a premium of over 28% against the issue price of Rs.71 per share. The stock opened at Rs.91.10 on the BSE and Rs.90 on the NSE, reflecting strong investor sentiment and significant oversubscription during the IPO process. At the time of listing, the company's market valuation stood at Rs.543.44 crore.

The company had fixed the price band at Rs.67-71 per share for its public issue, which comprised a fresh issue of up to 1,67,60,560 equity shares of face value Rs.10 each through the book-building route. Mefcom Capital Markets Limited acted as the lead manager to the issue. The...