Connplex Cinemas Limited Got Nod for IPO...
16 Jun, 2025
Globe Civil Projects Limited, an expert in India’s infrastructure sector is set to launch its initial public offering on June 24, 2025. The Initial Public Offering (IPO) will remain open for subscription until June 26, marking a significant milestone for the New Delhi-headquartered engineering, procurement and construction (EPC) company as it seeks to capitalize on India’s infrastructure boom and strengthen its balance sheet for future growth.
The Globe Civil Projects IPO consists solely of a fresh issue of 1.67 crore equity shares, with the price band expected to be announced shortly before the opening date. The company intends to utilize the proceeds primarily to bolster working capital, purchase new equipment and machinery and for general corporate purposes. Specifically, ₹75 crore will be allocated toward working capital, ₹14.3 crore for equipment purchases and the remainder for broader corporate needs.
The Connplex Cinemas IPO will open for subscription on June 24, 2025 and close on June 26, 2025, with the anchor book for institutional investors available on June 23. Allotment will be finalized on June 27 and the listing is scheduled for July 1 on BSE and NSE. This book build issue has a face value of ₹10 per share. Mefcom Capital Markets is the lead manager, Kfin Technologies is the registrar and investor quotas are set at 50% for QIBs, 15% for NIIs and 35% for retail investors.
Established over 20 years ago, Globe Civil Projects has built a strong reputation in the EPC sector by executing complex infrastructure projects across India. Its diverse portfolio includes transport and logistics, social and commercial infrastructure and residential buildings. While the company initially focused on educational institutions and railway infrastructure, it has expanded into specialized projects like railway bridges, airport terminals, elevated terminals and hospitals. As of March 2025, Globe’s order book stood at ₹669.1 crore, with 13 ongoing projects and a track record of completing 37 projects across 11 states.
Globe Civil Projects has posted impressive financial growth in recent years. For the fiscal year ending March 2024, revenue rose to ₹334.81 crore from ₹235.17 crore in FY23, while profit after tax jumped to ₹15.38 crore from ₹4.85 crore a 42.3% increase in revenue and a 217% surge in profit year-over-year. For the nine months ending December 2024, the company recorded a profit of ₹17.8 crore on revenue of ₹254.7 crore. Its asset base also grew to ₹374.6 crore as of May 2024
Globe Civil Projects’ IPO arrives at a time of heightened infrastructure investment in India, with both government and private sector players ramping up spending on transport, logistics and urban development. The company’s diversified order book, proven execution capabilities and strong financial position position it well to capitalize on these trends.
Industry analysts note that the fresh capital infusion will enable Globe Civil Projects to take on larger and more complex projects, upgrade its equipment base and further strengthen its working capital position. The IPO is expected to attract significant interest from institutional and retail investors alike, given the company’s growth trajectory and the buoyant infrastructure sector.
With its IPO set to open on June 24, Globe Civil Projects Limited is poised to enter a new phase of growth. The offering represents an opportunity for investors to participate in the expansion of a company with a proven track record and ambitious plans for the future. As the infrastructure sector continues to be a key driver of India’s economic growth, Globe Civil Projects’ public debut is one of the most anticipated events in the upcoming IPO calendar.
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