Globe Civil Projects’ IPO opened for subscription on June 24 and is currently seeing strong interest from NIIs. The Rs 67–71 per share issue aims to raise funds for working capital, equipment purchases, and general purposes. Bajaj Broking has given it a ‘subscribe for long term’ rating, despite highlighting concerns over FY23 de-growth and valuation.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets