Globe Civil Projects IPO:
The Indian IPO market continues to buzz with activity in 2025, and Globe Civil Projects Limited is the latest name to draw attention. As an established player in the civil construction and infrastructure sector, Globe Civil Projects’ upcoming IPO is generating significant interest among retail and institutional investors alike. This in-depth blog explores every facet of the Globe Civil Projects IPO—from issue details and financials to business strengths and investment considerations—providing you with a one-stop resource for informed decision-making.
Globe Civil Projects IPO: Key Details at a Glance
- IPO Opening Date:
June 24, 2025 - IPO Closing Date:
June 26, 2025 - Price Band:
₹67–71 per share - Lot Size:
211 shares (minimum investment: ₹14,981) - Total Issue Size:
A fresh issue of 16.8 million shares, aggregating up to ₹119 crore. - Listing Exchanges:
BSE and NSE - Registrar:
Kfin Technologies - Lead Manager:
Mefcom Capital Markets
Globe Civil Projects IPO: About Globe Civil Projects
Founded in 2002 and headquartered in New Delhi, Globe Civil Projects Limited is an integrated engineering, procurement, and construction (EPC) company. The firm has a strong track record of executing complex infrastructure projects across 11 Indian states, with expertise spanning
- Transport and logistics infrastructure (railways, bridges, airport terminals)
- Social and commercial infrastructure (educational institutions, hospitals)
- Non-infrastructure projects (commercial offices, housing)
Over the past two decades, Globe Civil Projects has successfully completed 37 projects and is currently executing 13 ongoing projects. As of March 31, 2025, the company’s consolidated order book stood at ₹669.10 crore, reflecting robust business visibility for the near future.
Globe Civil Projects IPO: Structure and Objectives
Issue Structure
The Globe Civil Projects IPO is a 100% fresh issue, with no offer-for-sale (OFS) component. The company is offering 16,760,560 new equity shares, aiming to raise ₹119 crore at the upper end of the price band.
Fund Utilization
The net proceeds from the IPO will be allocated as follows:
- Working Capital Requirements:
₹75 crore - Capital Expenditure (Equipment/Machinery):
₹14.26 crore - General Corporate Purposes and Issue Expenses:
Remaining funds
This strategic allocation is designed to fuel the company’s growth, enhance operational capacity, and support new project execution.
Globe Civil Projects IPO: Financial Performance Snapshot
Globe Civil Projects has demonstrated strong financial growth in recent years, underpinned by a healthy order book and efficient execution.
| Financial Year/Period | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Total Expenditure (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| FY2022 | 286.78 | 5.20 | 279.77 | 229.79 |
| FY2023 | 235.17 | 4.85 | 228.43 | 275.04 |
| FY2024 | 334.81 | 15.38 | 313.83 | 317.83 |
| 9M Ended Dec 2024 | 256.74 | 17.79 | 233.49 | 374.60 |
Key Financial Ratios (FY2024):
- Return on Equity (ROE):
21.95% - Return on Capital Employed (ROCE):
23.07% - EBITDA Margin:
13.44% - PAT Margin:
4.59% - Debt-to-Equity Ratio:
1.60 - Earnings Per Share (EPS):
₹3.58 - Net Asset Value (NAV):
₹18.10
The company’s revenue surged by over 42% in FY2024, while profit after tax grew by an impressive 217% year-on-year. This robust growth highlights effective cost control, improved project execution, and a favorable project mix.
Globe Civil Projects IPO: Allotment, Listing, and Grey Market Premium
- Anchor Investor Bidding:
June 23, 2025 - Allotment Finalization:
June 27, 2025 - Shares Credited to Demat:
June 30, 2025 - Listing Date:
July 1, 2025
As of June 17, 2025, the Globe Civil Projects IPO was trading flat in the grey market at ₹71 per share, indicating no significant premium or discount over the upper price band.
Globe Civil Projects IPO: Business Strengths and Competitive Advantages
1. Proven Execution Track Record
- 37 completed projects across diverse geographies and segments.
- Ongoing projects include major infrastructure and social sector developments.
2. Robust Order Book
- ₹669.10 crore as of March 2025, offering strong revenue visibility for the next 1–2 years.
3. Geographic Diversification
- Operations across 11 states, reducing dependence on any single region.
4. Financial Discipline
- Consistent growth in revenue and profitability, with sound return ratios and prudent leverage.
5. Experienced Management
- Leadership with decades of industry experience and a reputation for timely project delivery.
Globe Civil Projects IPO: Risks and Challenges
While Globe Civil Projects boasts a strong operational and financial profile, investors should consider the following risks:
- Project Execution Risks:
Delays or cost overruns can impact margins and profitability. - Working Capital Intensity:
Construction businesses require significant working capital, especially as project scale increases. - Competitive Landscape:
The EPC sector is highly competitive, with pressure on margins from both domestic and international players. - Order Book Concentration:
A few large projects may contribute a significant portion of the order book, leading to revenue concentration risk. - Regulatory and Policy Risks:
Changes in government policies or delays in project approvals can affect business prospects.
Globe Civil Projects IPO: Valuation and Investment Perspective
At the upper price band of ₹71 per share, Globe Civil Projects’ IPO is valued at a price/earnings (P/E) multiple that is competitive with peers in the mid-cap EPC segment. With an EPS of ₹3.58 (FY2024), the implied P/E is approximately 19.8x, which reflects the company’s growth momentum and sectoral tailwinds.
Peer Comparison:
While direct listed peers may differ in scale and segment focus, Globe Civil Projects’ financial metrics—especially its return on equity and revenue growth—are in line with or better than several established mid-cap EPC players.
Should You Invest in Globe Civil Projects IPO?
Reasons to Consider:
- Strong revenue and profit growth, with a robust order book.
- Proceeds to be used for working capital and capacity expansion, supporting future growth.
- Experienced management and proven execution capabilities.
- Reasonable valuation compared to sector peers.
Points of Caution:
- Construction sector cyclicality and project execution risks.
- Recent rapid growth—investors should watch for sustainability in margins and order inflow.
- • A flat grey market premium suggests neutral short-term sentiment, though this can change post-listing.
How to Apply for Globe Civil Projects IPO
- Through ASBA (Applications Supported by Blocked Amount):
Via your net banking portal. - Through Brokers:
Using UPI or direct application on platforms like Zerodha, Upstox, or Angel One. - Minimum Investment:
₹14,981 for one lot (211 shares). - Maximum Retail Application:
13 lots (2,743 shares), totaling ₹194,753.
READMORE: Arisinfra Solutions IPO: Dates, Price, GMP, and Review
Conclusion: Globe Civil Projects IPO—A Balanced Opportunity
Globe Civil Projects’ IPO offers investors a chance to participate in India’s infrastructure growth story through a company with a proven track record, strong financials, and a healthy order pipeline. While the sector’s inherent risks remain, the company’s disciplined approach, diversified portfolio, and prudent use of IPO proceeds make it a credible contender for long-term portfolios.
As always, investors should evaluate their risk appetite, consider sectoral exposure, and consult with financial advisors before making an investment decision.
Stay tuned for real-time updates on subscription status, listing performance, and expert analysis as the Globe Civil Projects IPO unfolds.