Globe Civil Projects IPO – Date, Price, GMP, Lot Size & Subscription Details

Globe Civil Projects IPO is scheduled to open on June 24, 2025, and will close on June 26, 2025. This is a Book Build Issue through which the company plans to raise approximately ₹119 crores. The IPO comprises a fresh issue of ₹119 crores, while the offer for sale (OFS) component includes up to [.] equity shares, each with a face value of ₹10.

The Globe Civil Projects IPO price band is set at ₹67 to ₹71 per share. The retail investor quota is 35%, QIB (Qualified Institutional Buyers) are allotted 50%, and HNI (High Net-Worth Individuals) have a 15% share of the issue. The IPO allotment date is June 27, 2025, and the shares are expected to be listed on both BSE and NSE on July 1, 2025.

On the financial front, Globe Civil Projects reported a revenue of ₹334.81 crores in FY 2024, a substantial increase from ₹235.17 crores in FY 2023. The net profit also rose sharply to ₹15.38 crores in 2024, up from ₹4.85 crores in 2023, indicating strong growth and improved profitability.

Globe Civil Projects IPO Date & Price Band Details

Globe Civil Projects Company Overview, Strengths, and Risks

Globe Civil Projects Limited is a New Delhi-based integrated Engineering, Procurement, and Construction (EPC) company with a significant presence in India’s infrastructure sector. Established in 2002 (though publicly converted in 2024), the company has a track record of executing projects across various segments including residential, commercial, industrial, and social infrastructure. They are a registered Class-1 super contractor with the Central Public Works Department (CPWD), allowing them to bid for large government projects.

Beyond core construction, Globe Civil Projects also engages in trading of goods, primarily TMT steel, and provides associated services like Mechanical, Electrical, and Plumbing (MEP) works, architectural and structural design, HVAC systems, and fire safety installations.

Company Overview (Financials as of March 31, 2024, from recent IPO filings and reports):

• Revenue from Operations (FY24): ₹334.81 crores
• Profit After Tax (PAT) (FY24): ₹15.38 crores
• Total Assets (FY24): ₹317.83 crores
• Net Worth (FY24): ₹77.67 crores
• Total Borrowings (FY24): ₹124.48 crores
• Order Book (as of August 31, 2024): ₹892.95 crores (covering 14 projects)
• Market Capitalization (post-IPO upper price band): Approximately ₹424.00 crores

The company recently launched an IPO (June 24-26, 2025) to raise capital for working capital requirements, procurement of new construction equipment and machinery, and general corporate purposes.

Strengths of Globe Civil Projects:

• Experienced Management and Track Record: The company boasts a seasoned leadership team with extensive experience in the construction industry. They have a proven history of successfully executing complex construction projects, having completed over 37 projects across 11 Indian states and currently managing 12 ongoing projects.
• Diversified Project Portfolio: Globe Civil Projects undertakes a wide array of projects, including transport and logistics (roads, bridges, railways, airport terminals), social and commercial buildings (schools, hospitals, sports infrastructure), residential buildings, and commercial office spaces. This diversification reduces reliance on any single sector.
• Strong Order Book: As of August 2024, the company has a robust order book of nearly ₹900 crores, providing good revenue visibility and operational stability for the near to medium term.
• Government Focus on Infrastructure: The company benefits significantly from the Indian government’s massive capital expenditure and focus on infrastructure development, which is expected to continue growing. Their Class-1 Super contractor status with CPWD allows them to bid on large government projects.
• Integrated EPC Capabilities: Their ability to offer end-to-end EPC services, including specialized MEP, architectural, and HVAC works, provides additional revenue streams and enhances their competitive edge.
• Consistent Financial Growth: The company has demonstrated healthy growth in revenue and profitability. Revenue increased by over 42% and PAT by over 217% from FY23 to FY24, indicating improved efficiency and a stronger business. They also exhibit competitive RoNW and ROCE.
• IPO Proceeds for Growth: The fresh issue component of their IPO is entirely dedicated to funding working capital and capital expenditure, signaling a clear intent for business expansion and strengthening their financial position.

Risks of Globe Civil Projects:

• Reliance on Government Projects: A significant portion of their business stems from government agencies. This makes the company susceptible to policy changes, funding reallocations, and bureaucratic delays, which could impact project timelines and payments.
• High Debt Levels: While common in capital-intensive construction, their debt-to-equity ratio of 1.60 (as of March 2025) is relatively high, indicating a reliance on borrowed capital. This necessitates careful monitoring of cash flow and interest coverage to assess financial resilience.
• Project Delays and Cost Overruns: Construction projects inherently carry risks of delays, modifications, or cancellations due to external factors (e.g., land acquisition, regulatory hurdles, environmental clearances) or internal issues (e.g., labor shortages, material price fluctuations). These can significantly impact cash flow, revenues, and profits.
• Concentration in Top Projects (Historically): In previous fiscal years (FY22-FY24), a high percentage of their revenue came from their top ten projects. While the current order book is more diversified, a delay or loss of any of the large ongoing projects could still adversely affect their business.
• Competition: The Indian construction and infrastructure sector is highly competitive with numerous domestic and international players, including larger entities with greater financial capacity and reputation. This can lead to intense bidding and pricing pressures.
• Fluctuations in Raw Material Prices: The company’s business involves significant use of materials like steel (including TMT steel, which they also trade). Fluctuations in the prices of these raw materials can impact project costs and profitability if not managed effectively.
• Dependency on Joint Ventures: The company undertakes projects under joint ventures. The failure of a JV counterparty or consortium member to perform its obligations could impose additional financial and performance obligations, leading to reduced profits or even losses.
• High Debtor Days: High debtor days, if persistent, can indicate challenges in collecting payments from clients, impacting the company’s liquidity and working capital management.
• Limited Operational History as a Public Entity: While they have a long operational history, their conversion to a public company is recent, making it challenging for investors to fully assess long-term viability under various market conditions as a publicly traded entity.
• SME Listing Volatility: As the company is listed on an SME platform, its shares may experience higher price volatility and liquidity constraints compared to mainboard listings.

Globe Civil Projects IPO Market Lot

The minimum market lot for Globe Civil Projects IPO is 211 shares, requiring a minimum investment of ₹14,981. Retail investors can apply for up to 13 lots, which equals 2,743 shares, amounting to a maximum investment of ₹1,94,753 under the retail category.

Globe Civil Projects IPO Allotment & Listing Dates

The Globe Civil Projects IPO will open on June 24, 2025, and close on June 26, 2025. The basis of allotment will be finalized on June 27, 2025, and the IPO listing date is scheduled for July 1, 2025, on both BSE and NSE.

Globe Civil Projects IPO: Promoters

The promoters of Globe Civil Projects are Ved Prakash Khurana, Nipun Khurana, and Vipul Khurana. They play a key role in the company’s leadership and strategic decision-making, bringing extensive experience and industry expertise to drive the company’s growth and operational excellence.

Globe Civil Projects IPO Company Financial Report

Globe Civil Projects reported a strong financial performance with a revenue of ₹334.81 crores in FY 2024, up from ₹235.17 crores in FY 2023. The company’s net profit also surged to ₹15.38 crores in 2024, compared to ₹4.85 crores in 2023, indicating significant growth in both revenue and profitability.

Amount ₹ in Crores

Globe Civil Projects IPO Valuation – FY2024

Globe Civil Projects IPO Peer Group Comparison

Objects of the Issue – Globe Civil Projects IPO

The net proceeds from the Globe Civil Projects IPO will be utilized for the following purposes:

• Funding working capital requirements of the company
• Capital expenditure towards the purchase of equipment and machinery
• General corporate purposes

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Globe Civil Projects IPO Registrar

KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: gcpl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Globe Civil Projects IPO Lead Managers aka Merchant Bankers

• Mefcom Capital Markets Ltd

Company Address

Globe Civil Projects Limited
D-40,
Okhla Industrial Area
Phase-I
Delhi, New Delhi, 110020
Phone: +91 11 46561560
Email: cs@globecivilprojects.com
Website: http://www.globecivilprojects.com/

FAQs on Globe Civil Projects IPO