Globe Civil Projects share price gains 5% after strong listing, jumps 33% from issue price. Buy, sell or hold?
Globe Civil Projects share price surged as much as 4.89 per cent to ₹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 ₹71.
Globe Civil Projects shares was listed at a premium of 28.3 per cent. The stock opened at ₹91.10 on the BSE and ₹90 on the NSE.
Globe Civil Projects IPO details
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.
