Latest news with #GlobeCivilProjects
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Business Standard
an hour ago
- Business
- Business Standard
Busy week ahead! 5 mainboard, 7 SME IPOs set to launch next week
IPO Calendar: Primary market investors are likely to witness the busiest week of calendar year 2025 (CY25) with the launch of five new mainboard initial public offerings (IPO s) and one listing. In the small and medium enterprise (SME) segment, seven new pubic issues will open for bidding and seven companies will make their debut on the bourses. The mainboard segment will witness the launch of HDB Financial Services' ₹12,500 crore IPO, the largest IPO of 2025 so far. In addition, Globe Civil Projects, Ellenbarrie Industrial Gases, Kalpataru and Sambhv Steel Tubes will open for subscription. Additionally, the D-Street will witness the debut of Arisinfra Solutions, in the mainline segment, scheduled for listing on Wednesday, June 28. Here's a detailed look at the IPO activity scheduled for next week: Mainline IPOs next week HDB Financial Services IPO HDB Financial Services IPO will open for public subscription on Wednesday, June 25 and close on Friday, June 27, 2025. The ₹12,500 crore book-building issue is a combination of a fresh issue of 33.8 million equity shares amounting to ₹2,500 crore and an offer for sale (OFS) of 135.1 million equity shares amounting to ₹10,000 crore. The company has set the price band in the range of ₹700 to ₹740, with a lot size of 20 shares. HDB Financial shares are slated to list on the BSE and NSE, tentatively on Wednesday, July 3, 2025. MUFG Intime India (formerly Link Intime India) serves as the registrar for the public offering. BNP Paribas, JM Financial, BoFA Securities India, Goldman Sachs (India) Securities, HSBC Securities & Capital Markets, IIFL Capital Services, Jefferies India, Morgan Stanley India Company, Motilal Oswal Investment Advisors, Nomura Financial Advisory And Securities (India), Nuvama Wealth Management, UBS Securities India are the book running lead managers. Globe Civil Project IPO The maiden public issue of the integrated Engineering, Procurement, and Construction (EPC) company, Globe Civil Projects, is scheduled to open for bidding on Tuesday, June 24 and close on Thursday, June 26. Shares of Globe Civil Projects will be listed on the BSE and NSE tentatively on Tuesday, July 1. The mainline IPO comprises a fresh issue of ₹16.8 million shares and no OFS component. The company has set the price band in the range of ₹67 to ₹71 per share, with a lot size of ₹211. Ellenbarrie Industrial Gases IPO Ellenbarrie Industrial Gases is a book-building issue of ₹852.53 crore comprising a fresh issue of 10 million equity shares aggregating to ₹400 crore and 11.3 million equity shares aggregating to ₹452.53 crore. The issue will open for subscription on June 24, 2025, and close on June 26, 2025. Shares of Ellenbarrie Industrial Gases will be listed on the bourses, NSE and BSE, tentatively on Tuesday, July 1, 2025. The price band is set in the range of ₹380 to ₹400 per share. The minimum lot size for the application is 37 shares. Kfin Technologies is the registrar for the issue. Kalpataru IPO The IPO of real estate development company Kalpataru is scheduled to open for public subscription on Tuesday, June 24, 2025, and close on Thursday, June 26. Through this public offering, Kalpataru aims to raise ₹1,590 crore. The public issue consists of an entirely fresh issue of 38.4 million equity shares, aggregating up to ₹1,590 crore. There is no OFS component. Kalpataru IPO will be offered at a price band of ₹387–414 per share with a lot size of 36 shares. Sambhv Steel Tubes IPO The mainboard IPO will open for bidding on Wednesday, June 25 and close on June 27. The issue is a combination of a fresh issue of 53.7 million shares aggregating to ₹440 crore and OFS of 12.2 million shares aggregating to ₹100 crore. Sambhv Steel Tubes shares will be listed on BSE and NSE with a tentative listing date fixed as Wednesday, July 2. The price band is set at ₹77 to ₹82 per share, with lot size at 182. SME IPOs net week The SME platforms are also scheduled to remain active next week with the listing of seven companies, including Samay Project Services, Patil Automation, Eppeltone Engineers, Influx Healthtech, Safe Enterprises Retail Fixtures, Mayasheel Ventures, and Aakaar Medical Technologies. In addition, the public offerings of AJC Jewel Manufacturers, Abram Food, Icon Facilitators, Shri Hare-Krishna Sponge Iron, Suntech Infra Solutions, Ace Alpha Tech, and PRO FX Tech are scheduled to open for public subscription next week.
Time of India
11 hours ago
- Business
- Time of India
Rs 15,000cr: IPO market set for busy week
India's primary market is set for its busiest period this year, with at least four companies planning to raise a total of Rs 15,000 crore through IPOs next week. Kalpataru , Ellenbarrie Industrial Gases, and Globe Civil Projects will start share sale on Tuesday. HDB Financial plans to launch its Rs 12,500-crore IPO on June 25. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
a day ago
- Business
- Mint
Globe Civil Projects IPO to open on Tuesday; here's what GMP signals ahead of the issue launch
Globe Civil Projects IPO GMP ahead of opening: The initial public offering (IPO) of Globe Civil Projects IPO, which is set to open for bidding on Friday, June 24, is commanding a decent grey market premium (GMP) of ₹ 07 as of Thursday. Based on the issue's upper price band of ₹ 71 and the current Globe Civil Projects IPO GMP, the estimated listing price for the company shares stands at ₹ 78 per share—a 10% premium over the issue price. The GMP reflects investors' willingness to pay above the IPO price, indicating positive sentiment ahead of the launch. Investors should note that the GMP is likely to fluctuate throughout the bidding period. The IPO will open for bidding on Tuesday, June 24, and remain open until Thursday, June 26. The company aims to raise ₹ 119 crore, which is entirely a fresh issue of 1.68 crore shares. It proposes to use the IPO proceeds to fund working capital requirements, capital expenditure towards the purchase of construction equipment/machinery, and general corporate purposes. The issue has reserved 50% of the shares for qualified institutional buyers (QIB), 15% for non-institutional institutional investors (NII), and 35% for retail investors. Retail investors can participate in the issue with a minimum investment of ₹ 14,981 per lot, which consists of 211 shares. Investors can bid on up to 13 lots, which requires an investment of ₹ 194,753. Tentatively, Globe Civil Projects IPO basis of allotment of shares will be finalized on Friday, June 27, and the company will initiate refunds on Monday, June 30, while the shares will be credited to the demat account of allottees on the same day following the refund. Globe Civil Projects share price is likely to be listed on BSE and NSE on Tuesday, July 01. Globe Civil Projects, incorporated in 2002, is an integrated engineering, procurement, and construction (EPC) company headquartered in New Delhi. The company is involved in the execution and construction of infrastructure projects comprising transport and logistics projects, social and commercial projects, and non-infrastructure projects comprising commercial offices and housing. The revenue, EBITDA, and PAT have grown at a CAGR of 7.8%, 39.6%, and 72.0% to ₹ 332 crore, ₹ 45 crore, and ₹ 15 crore, respectively, during FY22-FY24. The current order book position (2.0x of 9MFY25 annualized revenue) provides healthy revenue visibility for the near term. However, D/E at 1.4x as of December 2024 is relatively higher than its peers, as per analysts. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Bloomberg
a day ago
- Business
- Bloomberg
Indian IPO Market Set for Busy Week With $1.7 Billion in Deals
India's primary market is set for its busiest period this year, with at least four companies planning to raise a total of about 150 billion rupees ($1.7 billion) through initial public offerings next week. Kalpataru Ltd., Ellenbarrie Industrial Gases Ltd., and Globe Civil Projects Ltd. will start share sale Tuesday. HDB Financial Services Ltd., a unit of India's biggest private lender HDFC Bank Ltd., is also planning to launch its $1.4 billion IPO Wednesday, Moneycontrol reported this week, citing people it didn't identify.
Mint
2 days ago
- Business
- Mint
Globe Civil Projects IPO: Check here for the GMP and key risks to know before the issue's opening for subscription
Globe Civil Projects IPO: The issue opens for subscription on 24 June 2024. Check here for the GMP and key risks you should know before the issue's opening for subscription The Globe Civil Projects IPO GMP (grey market premium) stands at ₹ 9. This means that the Globe Civil Projects shares are commanding a ₹ 9 premium over the issue price of ₹ 71 in the grey market. The same also means that the market participants are expecting 12.68% listing gains, and the listing of Globe Civil Projects shares is expected to be at ₹ 80, or a 12.68% premium over the upper band of the offer price of ₹ 71 a piece, as suggested by data. As per the RHP, or the Red Herring Prospectus, the company highlighted the following risks: 1. In fiscal 2024, fiscal 2023, and fiscal 2022, Globe Civil Projects derived 29.77%, 57.48%, and 54.62%, respectively, of its revenue from operations from the construction project receipts business segment from projects developed by the by Central Public Works Department ('CPWD'), its top customer. Any slowdown or inability to win new project awards from CPWD (whether due to a slowdown or cessation in new projects being undertaken by such entities, an inability to qualify for and successfully compete for new projects, or otherwise) or the loss of any of Globe Civil Projects' current significant projects (whether due to restructuring or termination of such projects) could adversely affect its business, results of operations, and financial condition. 2. Globe Civil Projects' business and profitability are substantially dependent on the demand for construction services, changes in budgetary allocation, and the requirements for construction projects in the infrastructure and non-infrastructure sectors across India. Any reduction in the activity and expenditure levels in such sectors may adversely affect its business and prospects and may reduce the number of projects Globe Civil Projects undertake and impede its growth 3. In fiscal 2024, fiscal 2023, and fiscal 2022, Globe Civil Projects derived 11.71%, 14.92%, and 11.23%, respectively, of its revenue from operations from trading of goods, primarily TMT steel. Any reduction in trading activity, changes in market demand, or fluctuations in the price of TMT steel may reduce its revenue from this segment and, consequently, impact its total revenue from operations. 4. For the fiscal years 2024, 2023, and 2022, Globe Civil Projects' revenue from operations from projects undertaken under JVs contributed 33.36%, 28.98%, and 35.15%, respectively, amounting to ₹ 978.44 million, ₹ 575.36 million, and ₹ 891.50 million, respectively. The failure of a JV counterparty or consortium member to perform its obligations could impose additional financial and performance obligations, resulting in reduced profits or, in some cases, significant losses, and it may adversely affect its business, results of operations, and financial condition. 5. For fiscal 2024, fiscal 2023, and fiscal 2022, its % contribution to revenue from operations (construction project receipts) from its top ten projects was 89.54%, 92.82%, and 99.13%, respectively. Any delay or loss of any of these projects could adversely affect Globe Civil Projects' business, cash flow position, results of operations, and financial condition. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
