Globe Civil Projects IPO Price: ₹67 to ₹71 per share
IPO Dates: 24th June 2025 – 26th June 2025
Company Overview
Incorporated on May 22, 2002, Globe Civil Projects Limited is an integrated Engineering, Procurement, and Construction (EPC) company headquartered in New Delhi. With over two decades of industry presence, the company has built a strong reputation for executing diverse infrastructure and non-infrastructure projects across India.
Geographical Presence and Sector Focus
Globe Civil has successfully undertaken and completed projects in 11 Indian states, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. The company focuses on both infrastructure and non-infrastructure segments, positioning itself as a comprehensive construction solutions provider.
Project Classification
The company’s construction activities fall under two broad categories:
- Infrastructure Projects, which include:
- Transport and Logistics: Roads, bridges, airport terminals, and elevated railway terminals.
- Social and Commercial Infrastructure: Educational institutions, hospitals, and sports facilities.
- Non-Infrastructure Projects, which include:
- Commercial Offices
- Residential Housing
In addition to core construction, Globe Civil also offers services such as MEP (Mechanical, Electrical, and Plumbing) works, architectural and structural services, HVAC, and fire safety systems, enhancing its value proposition as an EPC company.
Project Track Record
Over the last 20 years, Globe Civil has successfully completed 37 projects and is currently executing 14 ongoing projects. As of August 31, 2024, these include:
- 1 Commercial Office project
- 6 Social and Commercial Infrastructure projects
- 3 Transport and Logistics Infrastructure projects
- 4 Housing projects
Order Book and Revenue Performance
As of March 31, 2025, the company’s order book stands at ₹669.10 crore, reflecting a strong pipeline of ongoing work. Revenue is generated from two main business segments:
- Trading of Goods (mainly TMT steel): Rose from ₹32.09 crore in FY22 to ₹38.90 crore in FY24, growing at a CAGR of 10.09%.
- Construction Project Receipts: Increased from ₹253.62 crore in FY22 to ₹293.27 crore in FY24, recording a CAGR of 7.53%.
Clientele and Reputation
Globe Civil Projects has worked with numerous reputed clients and has been involved in some of India’s marquee infrastructure developments. The company is known for its ability to deliver high-quality projects on schedule, earning trust across the construction sector.
Competitive Strengths
- Strong project management and execution capabilities
- Robust and growing order book, supported by increasing pre-qualification credentials
- Consistent financial performance across business segments
- Experienced leadership team, including promoters and directors with deep industry expertise
Bidding Starts In
Globe Civil Projects IPO Specifics:
| IPO Date | June 24, 2025 to June 26, 2025 |
| Listing Date | Tuesday, July 1, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹67 to ₹71 per share |
| Lot Size | 211 Shares |
| Total Issue Size | 1,67,60,560 shares (aggregating up to ₹119.00 Cr) |
| Fresh Issue | 1,67,60,560 shares (aggregating up to ₹119.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,29,58,439 shares |
| Share Holding Post Issue | 5,97,18,999 shares |
Globe Civil Projects IPO Timetable (Important Dates)
| IPO Open Date | Tuesday, June 24 2025 |
| IPO Close Date | Thursday, June 26, 2025 |
| Basis of Allotment | Friday, June 27 2025 |
| Initiation of Refunds | Monday, June 30 2025 |
| Credit of Shares to Demat | Monday, June 30 2025 |
| Listing Date | Tuesday, July 1 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2025 |
Globe Civil Projects IPO Lot Size
Bidders have the opportunity to bid for a minimum of 211 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 211 | ₹14,981 |
| Retail (Max) | 13 | 2,743 | ₹1,94,753 |
| S-HNI (Min) | 14 | 2,954 | ₹2,09,734 |
| S-HNI (Max) | 66 | 13,926 | ₹9,88,746 |
| B-HNI (Min) | 67 | 14,137 | ₹10,03,727 |
Globe Civil Projects IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Globe Civil Projects Limited IPO Financial Information
| Period Ended | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Dec 2024 |
|---|---|---|---|---|
| Assets | 229.79 | 275.04 | 317.83 | 374.60 |
| Revenue | 286.78 | 235.17 | 334.81 | 256.74 |
| Profit After Tax | 5.20 | 4.85 | 15.38 | 17.79 |
| EBITDA | 22.91 | 20.80 | 44.65 | 39.30 |
| Net Worth | 57.45 | 62.44 | 77.67 | 99.83 |
| Reserves and Surplus | 54.98 | 59.97 | 75.19 | 56.87 |
| Total Borrowing | 70.76 | 97.00 | 124.48 | 137.97 |
Key Performance Indicator – Globe Civil Projects IPO
| KPI | Values |
|---|---|
| Market Cap | ₹424 Cr |
| EPS | ₹3.58 |
| P/E (x) | 19.83 |
| ROE | 21.95% |
| ROCE | 23.07% |
| Debt/ Equity | 1.60 |
| RoNW | 19.80% |
Objects of the Issue:
The net proceeds from the Globe Civil Projects IPO are proposed to be utilized for the following purposes:
- Working Capital Requirements: A major portion, amounting to ₹75 crore, will be allocated to meet the company’s working capital needs, ensuring smooth execution of ongoing and future projects.
- Capital Expenditure: An estimated ₹14.26 crore will be invested in the acquisition of new construction equipment and machinery, aimed at enhancing project efficiency and expanding operational capacity.
- General Corporate Purposes: The remaining funds will be used for general corporate activities, including business development, strengthening administrative functions, and other strategic initiatives.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
