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26 Jun, 2025
Globe Civil Projects Limited IPO
Globe Civil Projects Limited is launching its Initial Public Offering (IPO) that will be open from June 24 to June 26, 2025. The IPO includes only the fresh issue of around 1.67 crore equity shares that will help the company to raise approximately ₹119 crore with a price band of ₹67 and ₹71. It is a mainboard IPO that will be listed on the NSE and BSE and the minimum bid lot size is going to be 211 shares. The company is planning to utilize its IPO proceeds mainly for working capital requirements (₹75 crore), capital expenditure including equipment purchase (₹14.26 crore) and general corporate purposes.
Company Background
Globe Civil Projects Private Limited was established in 2002 in New Delhi and converted into a public limited company in February 2024 with the new name as Globe Civil Projects Limited. With its operation of over two decades, it has developed itself as an integrated engineering, procurement and construction company. The company has a pan-India presence with projects undertaken across 11 states of India.
Operations & Product Range
Facility & Production
Globe Civil Projects operates as an EPC company focused on infrastructure development including transport and logistics, social and commercial infrastructure and non-infrastructure projects such as commercial offices and housing. The company has completed 37 projects and is currently handling 13 more which include residential buildings, transportation and logistics, and commercial and social infrastructure. As of March 31, 2025, its order book was worth INR 669.10 crore.
Brands & Market Presence
The company has a strong market presence across states like Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand and Himachal Pradesh. It is recognized for constructing educational institutions, railway infrastructure, railway bridges, airport terminals, hospitals and other specialized infrastructure projects.
Revenue Channels
The main source of income for Globe Civil Projects is the earnings from building projects, which increased at a compound annual growth rate (CAGR) of 7.53% from INR 253.62 crore in FY 2022 to INR 293.27 crore in FY 2024. Additionally, revenue from trading TMT steel increased from INR 32.09 crore in FY 2022 to INR 38.90 crore in FY 2024 at a CAGR of 10.09%. The company’s consolidated revenue for FY 2024 was INR 332.16 crore with a net income of INR 15.38 crore, showing strong financial growth.
Management & Shareholding
The promoters of Globe Civil Projects Limited are Mr. Ved Prakash Khurana, Mr. Nipun Khurana and Mr. Vipul Khurana. The company’s board includes experienced professionals overseeing governance and strategic direction. Promoters' shareholding stood at 88.14% before the IPO, which is going to decrease to 63.43% after the IPO.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Globe Civil Projects Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Globe Civil Projects Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 24, 2025 to June 26, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue 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 | Bookbuilding 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 Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Jun 24, 2025 |
| IPO Close Date | Thu, Jun 26, 2025 |
| Tentative Allotment | Fri, Jun 27, 2025 |
| Initiation of Refunds | Mon, Jun 30, 2025 |
| Credit of Shares to Demat | Mon, Jun 30, 2025 |
| Tentative Listing Date | Tue, Jul 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2025 |
Globe Civil Projects Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 211 | ₹14,981 |
| Retail (Max) | 13 | 2743 | ₹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 |
EnNutrica IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Issue |
| Retail Shares Offered | Not less than 35% of the Issue |
| NII Shares Offered | Not less than 15% of the Issue |
Globe Civil Projects Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 88.14% |
| Share Holding Post Issue | 63.43% |
Competitive Strength:
- ● Over 20 years of experience in diverse infrastructure projects across multiple Indian states.
- ● Robust financial growth with significant increases in revenue and net profit in recent years.
- ● Strong order book providing revenue visibility for the next three years.
- ● Established relationships with reputed government and public sector clients.
- ● Registered as a Class-I contractor with the Central Public Works Department (CPWD), facilitating participation in large government projects.
Globe Civil Projects Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31-Dec-24 | 374.6 | 256.74 | 17.79 | 99.83 | 137.97 | |||||||||||||||||||||||||||||||||||
| 31-Mar-24 | 317.83 | 334.81 | 15.38 | 77.67 | 124.48 | |||||||||||||||||||||||||||||||||||
| 31-Mar-23 | 275.04 | 235.17 | 4.85 | 62.44 | 97 | |||||||||||||||||||||||||||||||||||
| 31-Mar-22 | 229.79 | 286.78 | 5.2 | 57.45 | 70.76 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.95% |
| ROCE | 23.07% |
| Debt/Equity | 1.6 |
| RoNW | 19.80% |
| PAT Margin | 4.59% |
| Price to Book Value | 3.92 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.58 | 3.97 |
| P/E (x) | 19.83 | 17.88 |
IPO Objectives
-
The company intends to use the IPO proceeds to:
- ● Fund working capital requirements (INR 75 crore).
- ● Invest in capital expenditure for the purchase of construction equipment and machinery (INR 14.26 crore).
- ● Support general corporate purposes and meet issue expenses.
Conclusion
Globe Civil Projects Limited’s IPO offers investors an opportunity to participate in a growing EPC company with a strong track record, diversified project portfolio and expanding order book. The company’s focus on infrastructure projects across multiple states, coupled with its financial growth and government contracts, positions it well for future expansion. The IPO proceeds will help strengthen working capital and enhance operational capabilities through capital investments.
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Frequently asked Questions (FAQs )
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1. What is the price band of Globe Civil Projects IPO?
The IPO price band is set between INR 67 and INR 71 per share.
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2. When will the IPO open and close?
The IPO opens on June 24, 2025 and closes on June 26, 2025.
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3. How many shares are being issued in the IPO?
Approximately 1.67 crore equity shares are being issued as a fresh issue.
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4. What are the IPO's primary goals?
The money raised will go towards general business needs, equipment capital expenditures, and working capital.
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5. Which stock exchanges are going to list the shares?
Both the NSE and the BSE will list the shares.
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6. What sectors does Globe Civil Projects operate in?
The company operates in infrastructure sectors including transport, logistics, social and commercial infrastructure and non-infrastructure projects like residential buildings.
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7. Who are the promoters of the company?
The promoters are Mr. Ved Prakash Khurana, Mr. Nipun Khurana and Mr. Vipul Khurana.
