Of the three, Globe Civil Projects has seen robust investor interest and is already oversubscribed. Ellenbarrie Industrial Gases IPO has been also fully subscribed on day 3, and Kalpataru has been booked 86% so far.
The ₹119-crore IPO of New Delhi-based EPC firm Globe Civil Projects continued to attract strong demand on its third and final day. As of Day 3, the issue was subscribed 34.44 times, receiving bids for 40.40 crore shares against the offer size of 1.17 crore shares, as per NSE data.
The non-institutional investor (NII) portion was subscribed 63.97 times, the retail investor category saw a subscription of 30.84 times, while the qualified institutional buyers (QIB) segment was subscribed 18.61 times.
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In contrast, the IPO of Kalpataru Projects International received bids for 1.95 crore shares against the offer size of 2.28 crore shares so far. The retail portion was subscribed 98%, NIIs 67%, and QIBs 92%.
Meanwhile, the IPO of Ellenbarrie Industrial Gases was subscribed 2.11 times as of 12:40 pm on the final day. The issue received bids for 3.19 crore shares against the total offer size of 1.51 crore shares. Retail investor participation stood at 64%, NII at 2.69 times, and QIBs at 4.36 times.
In the grey market, shares of Globe Civil Projects, Kalpataru, and Ellenbarrie Industrial Gases were commanding a premium of ₹15, ₹3, and ₹19, respectively, on Day 3.
Many investors use grey market premiums (GMP) as an informal indicator of potential listing performance.
First Published: Jun 26, 2025 10:28 AM IST
