✅Get complete details about the Globe Civil Projects IPO including IPO dates, price band, lot size, issue size, company background, GMP and allotment status updates.
📊 IPO Details
| IPO Type | Main Board |
|---|---|
| IPO Method | Book Building |
| IPO Open Date | 24 June 2025 (Tuesday) |
| IPO Close Date | 26 June 2025 (Thursday) |
| IPO Listing Date | 01 July 2025 (Tuesday) |
| Price Band | ₹67 to ₹71 per share |
| Lot Size | 211 Shares |
| Face Value | 10 |
| Issue Size | ₹119.00 Crores (approx.) |
| Fresh Issue | ₹119.00 Crores (approx.) |
| Offer for Sale (OFS) | ₹Not Applicable |
| Listing Exchange | BSE, NSE (BSE is the designated stock exchange) |
🔔 IPO Timeline
⏳ Globe Civil Projects IPO Subscription Status (Day-wise)
| Day | QIB | NII | RII | Employees | Total |
|---|---|---|---|---|---|
| Day 1 | x | x | x | x | x |
| Day 2 | x | x | x | x | x |
| Day 3 | x | x | x | x | x |
📋 Globe Civil Projects IPO reservation table
| Investor Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
| Anchor Investors | 0 | 0 | 1x |
| Qualified Institutional Buyers (QIB) (Other than Anchor) | 83,80,280 | 0 | .x |
| Non-Institutional Investors (NII) | 25,14,084 | 0 | x |
| Retail Individual Investors (RII) | 58,66,196 | 0 | x |
📦 Globe Civil Projects IPO Lot Size
Table is Prepared at the upper end of the price band (₹71).
| Application | Lot Size | No. of Shares | Amount |
|---|---|---|---|
| Retail (Min) | |||
| Retail (Max) | |||
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) |
👤👥 Promoter Shareholding Table (Pre & Post Issue)
| Shareholder | Pre-Issue Holding (%) | Post-Issue Holding (%) |
|---|---|---|
| Promoters | 88.14% | 63.41% |
| Others (Public / Investors) | 11.86% | 36.59% |
| Total | 100% | 100% |
🏢 Company Overview
Globe Civil Projects Limited is an engineering, procurement, and construction (EPC) company based in New Delhi. The company was originally incorporated in 2002 and later converted into a public limited company in 2024. It is engaged in executing civil construction and infrastructure development projects across India. Over the years, it has completed projects in multiple states including Delhi, Uttar Pradesh, Haryana, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh.
The company undertakes a variety of projects such as transport infrastructure, logistics parks, institutional buildings, residential and commercial complexes, and public infrastructure structures like hospitals and airport terminals. In addition to construction activities, it is also involved in the trading of construction materials, particularly TMT steel.
Globe Civil Projects Limited has delivered projects for government as well as private sector clients and has a presence in sectors including railways, education, and industrial infrastructure.
🎯 Objects of the Offer
- Funding capital expenditure for purchase of equipment/machineries.
- For working capital.
- General corporate purposes.
₹ Financial Snapshot (As of and For the Fiscal Ended on)
| Particulars | 31-Dec-2024 | 31-Mar-2024 | 31-Mar-2023 | 31-Mar-2022 |
|---|---|---|---|---|
| Revenue (₹ Cr) | 254.66 | 332.16 | 233.34 | 285.71 |
| Revenue (₹ Cr)(Including Other Income) | 256.74 | 334.81 | 235.17 | 286.78 |
| Profit After Tax (₹ Cr) | 17.79 | 15.38 | 4.85 | 5.20 |
| Profit After Tax Margin (%)(On Total Revenue) | 6.93% | 4.59% | 2.06% | 1.81% |
| Earnings per share (in ₹) | 4.14 | 3.58 | 1.13 | 1.21 |
| Total Assets (₹ Cr) | 374.60 | 317.83 | 275.04 | 229.79 |
| Total Borrowings (₹ Cr) | 137.97 | 124.48 | 97.00 | 70.76 |
| Net Worth (₹ Cr) | 99.83 | 77.67 | 62.44 | 57.45 |
| NAV per equity share (in ₹) | 23.24 | 18.10 | 14.55 | 13.39 |
📈 Key Performance Indicators
| Particulars | 31-Dec-2024 | FY2023-24 | FY2022-23 | FY2021-22 |
|---|---|---|---|---|
| EBITDA (₹ Cr) | 39.30 | 44.65 | 20.80 | 22.91 |
| EBITDA Margin (%) | 15.43% | 13.44% | 8.91% | 8.02% |
| Return on Net Worth (%) | 17.82% | 19.80% | 7.77% | 9.05% |
| Return on Equity (RoE %) | 18.08% | 21.95% | 8.09% | 9.76% |
| Return on Capital Employed (RoCE %) | 24.09% | 23.07% | 12.59% | 15.78% |
| Debt Equity Ratio | 1.38 | 1.60 | 1.40 | 1.23 |
| Operating Cash Flows(₹ Cr) | (3.3) | 4.2 | (11.22) | 7.41 |
| Net Working Capital Days | 148 | 103 | 109 | 78 |
⚔️ Comparison with Listed Competitors
| Company Name | Closing Price (₹) as on May 08, 2025 | Revenue from Operations (FY23-24, ₹ in Cr) | Face Value (₹) | EPS (₹) | P/E Ratio (x) | RoNW (%) | NAV (₹) | EBITDA Margin (%) | PAT Margin (%) | Debt/Equity |
|---|---|---|---|---|---|---|---|---|---|---|
| Globe Civil Projects Ltd | Not applicable | 334.81 | 10 | 3.58 | N/A | 19.80 | 18.10 | 13.44 | 4.59 | 1.60 |
| B L Kashyap and Sons Ltd | 68.90 | 1,256.77 | 10 | 2.33 | 29.57 | 10.58 | 22.02 | 8.86 | 4.18 | 0.62 |
| Ceigall India Ltd | 249.40 | 3,066.19 | 5 | 19.37 | 12.88 | 33.57 | 57.68 | 17.09 | 9.92 | 1.18 |
| PSP Projects Ltd | 696.15 | 2,530.00 | 10 | 34.16 | 20.38 | 13.49 | 222.50 | 10.41 | 4.88 | 0.18 |
| Capacit’e Infraprojects Ltd | 330.85 | 1,963.65 | 10 | 16.09 | 20.56 | 7.93 | 179.30 | 17.21 | 6.13 | 0.21 |
| Ahluwalia Contracts (India) Ltd | 918.25 | 3,891.94 | 2 | 55.95 | 16.41 | 23.43 | 238.84 | 15.10 | 9.63 | 0.00 |
*EPS figures are as per respective company financials. P/E is based on closing prices as on May 08, 2025.Data is based on the latest available financials and may differ from actual market movements. Revenue is For the Financial Year 2023-2024.
🔍 Strengths & Risks
💪 Key Strengths
- The company has completed 37 projects across India over the past two decades and is currently executing 13 projects across a wide range of segments including social infrastructure, transport and logistics, and commercial housing
- As of March 31, 2025, Globe Civil Projects had an order book of ₹6,691.02 million,indicating revenue visibility from a diversified portfolio of ongoing projects
- Between Fiscal 2022 and Fiscal 2024, revenue from operations grew at a CAGR of 7.82%, while profit before tax grew at a CAGR of 72.92%, reflecting an improvement in margins and cost efficiency
- The leadership team, including the Promoters and Directors, has an average of 19 years of experience in the construction industry, which has contributed to the company’s expansion and execution capabilities
⚠️ Key Risks
- Customer Concentration Risk: A substantial portion of revenue—up to 57.48% in FY 2023—was derived from projects awarded by the Central Public Works Department (CPWD). A slowdown in CPWD project awards or inability to qualify for future tenders may impact revenues
- Intense Competition: The civil construction sector is highly fragmented. Globe Civil Projects competes with both large national players and local contractors. The competitive bidding process could exert pressure on margins and project acquisition
- Project Execution Risks: The company may face cost escalations or delays due to various factors such as labor issues, material shortages, or legal disputes with clients. Such delays could impact profitability and client relationships
- Scale Constraints for Large Projects: Although qualified to bid independently for projects up to ₹6,500 million, the company may need partnerships to qualify for larger, more complex contracts. Failure to forge such alliances could limit business growth in high-value segments
🧾 Globe Civil Projects GMP Today (Grey Market Premium)
The Grey Market Premium (GMP) of the Globe Civil Projects IPO indicates how the IPO might perform on listing day based on informal trading before the listing. GMP reflects investor sentiment in the unofficial market before shares are officially listed.
Note: Current GMP data for Globe Civil Projects IPO is not available at the moment. Please check back later for updates.
📞 Key Contacts for Globe Civil Projects IPO
| 🏢 Company Contact Vineet Rattan (Company Secretary & Compliance Officer) 📍 Globe Civil Projects Limited D-40, Okhla Industrial Area, Phase-1,New Delhi-110020, India 📞 +91 11 46561560 📧 cs@globecivilprojects.in 🌐 www.globecivilprojects.com | 🧾 Registrar to the Issue KFin Technologies Limited 📍 Selenium Building, Tower-B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally Hyderabad, Rangareddi-500032,Telangana, India 📞 +91 40 67162222 📧 gcpl.ipo@kfintech.com , einward.ris@kfintech.com(Investor Grievances) 🌐 www.kfintech.com |
📘 Book Running Lead Managers (BRLMs)
| BRLM Full Name |
|---|
| Mefcom Capital Markets Limited |
For full contact details including representatives, emails, and phone numbers, of BRLM’s please refer to the Red Herring Prospectus (RHP).
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