The IPO of Globe Civil Projects Ltd has attracted significant market buzz, with a positive Grey Market Premium (GMP). Investors are closely comparing it with Ellenbarrie and Kalpataru Projects IPOs. Here’s a breakdown of GMP trends and expert expectations.
Globe Civil Projects IPO: Market Sentiment vs Competitors
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Grey Market Premium Buzz
Globe Civil Projects IPO has shown promising movement in the grey market, with the GMP floating between ₹35–₹42 per share. This indicates positive sentiment ahead of listing, especially when compared with other contemporaneous issues like Ellenbarrie Industrial Gases Ltd and Kalpataru Projects International Ltd.
Key Details – Globe Civil Projects IPO
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Price Band: ₹66–₹70 per share
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Issue Size: ₹48.67 crore
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Lot Size: 2000 shares
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Open Date: June 14, 2025
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Close Date: June 19, 2025
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Listing Date (Tentative): June 24, 2025
The IPO has received strong demand in early bidding, particularly from HNIs and retail investors.
Comparative GMP Snapshot
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Globe Civil Projects Ltd: GMP ₹35–₹42
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Ellenbarrie IPO: GMP ₹18–₹20
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Kalpataru IPO: GMP ₹50+ but with higher pricing band and larger issue size
While Kalpataru shows premium GMP, Globe Civil’s affordability and smaller lot size make it attractive for small investors.
Expert Take
Market analysts suggest that Globe Civil Projects Ltd, with its presence in urban infrastructure and smart city projects, holds substantial growth potential. However, listing gains could vary based on broader market trends.
Investors are advised to consider fundamentals along with GMP, as grey market trends are speculative.
