Globe Civil Projects Ltd IPO
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Globe Civil Projects Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 167.61 L | TBA | ₹ 58.66 L | ₹ 378.65 L | BSE | ₹ 119 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 24 Jun, 25 | 26 Jun, 25 | 211 | ₹ 14,137 | Book Building | 01 Jul, 25 |
Globe Civil Projects Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Construction |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 39.91x | 8380280 | 334422551 |
| NII | 143.15x | 2514084 | 359888774 |
| Retail | 53.72x | 5866196 | 315149389 |
| Employee | 0x | 0 | 0 |
| Total | 60.23x | 16760560 | 1009460714 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Globe Civil Projects Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 332.16 | 233.35 | 285.71 |
| EBITDA | 27.67 | 13.50 | 13.45 |
| PAT | 15.15 | 5.32 | 5.10 |
| Total Assets | 272.77 | 226.99 | 191.02 |
| Share Capital | 2.47 | 2.47 | 2.47 |
| Total Borrowings | 124.22 | 132.97 | 139.39 |
| Operating Activities (Net Cash) | 18.79 | 8.47 | 8.35 |
| Investing Activities (Net Cash) | 0.56 | 0.05 | 0.05 |
| Financing Activities (Net Cash) | 124.22 | 132.97 | 139.39 |
| Net Cashflow | 27.48 | 29.22 | 20.19 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Globe Civil Projects Ltd
Globe Civil Projects Limited was incorporated as Globe Civil Projects Private Limited at New Delhi, Delhi as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 22, 2002 issued by the Registrar of Companies, N.C.T. of Delhi and Haryana, New Delhi. Thereafter, the Company was converted to a public limited company, approved vide Shareholders' resolution dated February 22, 2024, pursuant to which the name of the Company was changed to Globe Civil Projects Limited and a fresh certificate of incorporation consequent upon change of name on conversion to public limited company was issued by the Registrar of Companies, Central Processing Centre, Gurgaon, Haryana dated June 4, 2024.
India's economy has exceeded expectations, registering an 8.2% growth in FY24. Construction sector is one of the major segments that drives an economy. A unit increase in expenditure in construction sector has a multiplier effect on other sectors with a capacity to generate income as high as five times in other sectors. Growth in the number of construction projects creates as well as strengthens the demand for a myriad range of products and services. These include project management services, EPC/EPCM services and architecture consulting services, to name a few. The competitive dynamics within the EPC industry are primarily shaped by substantial upfront capital investments and stringent technical norms established by contract awarding authorities, which restrict smaller players from entering large-scale projects.
The Company is an integrated engineering, procurement and construction (EPC) company headquartered in New Delhi. It is into execution and construction of infrastructure projects comprising of Transport & Logistics projects (which comprise of construction and/ or upgrades of roads and bridges, airport terminals and railway terminals) and Social and Commercial projects (which comprise of educational institutions, sports infrastructure and hospitals) and non-infrastructure projects comprising of commercial offices and housing. While its primary focus and strength had been deeply rooted in constructions of education institution buildings, it has diversified in undertaking specialized infrastructure and non-infrastructure projects, such as railway bridges, airport terminal, elevated railway terminal and railway bridges and hospitals.
Peer Comparison:
- Globe Civil Projects Limited
- B L Kashyap and Sons Limited
- Ceigall India Limited
- PSP Projects Limited
- Capacit'e Infraprojects Limited
- Ahluwalia Contracts (India) Limited
Globe Civil Projects Ltd IPO Key Points
Strengths
- Strong project management and execution capabilities.
- Growing Order Book and higher pre-qualification credentials.
- Strong and consistent financial performance.
- Experienced Promoters, Directors and management team.
Risk
- For the nine months period ended December 31, 2024 and in Fiscal 2024, Fiscal 2023 and Fiscal 2022, the company derived 10.10%, 29.77%, 57.48% and 54.62%, respectively, of its revenue from operations from construction project receipts business segment from projects developed by Central Public Works Department (CPWD), our top customer. Any slowdown or inability to win new project awards from CPWD (whether due to a slowdown or cessation in new projects being undertaken by such entities), an inability to qualify for and successfully compete for new projects or otherwise) or the loss of any of its current significant projects (whether due to restructuring or termination of such projects) could adversely affect its business, results of operations and financial condition.
- Its business and profitability are substantially dependent on the demand for construction services, change in budgetary allocation and the requirements for construction projects in the infrastructure and non-infrastructure sectors across India. During the nine months period ended December 31, 2024 and in Fiscal 2024, the Social & Commercial Infrastructure segment (Education institutions) contributed to 61.95% and 47.09%, respectively, of its revenue from operations (construction project receipts). Any reduction in the activity and expenditure levels in such sectors may adversely affect its business and prospects and may reduce the number of projects the company undertake and impede its growth.
- For the nine months ended December 31, 2024, the Company submitted successful bids for 11 projects but secured only one, reflecting a success rate of 9.09%, compared to 54.55% in FY24. Its revenues depends upon the award of new contracts and the timing of those awards. Additionally, the competitive bidding process, failures to meet pre-qualification criteria, and non-qualification due to technical issues may hamper its revenue. Consequently, the company results of operations and cash flows may be adversely affected or fluctuate materially from period to period.
Strategy
- Focus on securing government infrastructure projects, specifically targeting the construction of educational institutions and hospital buildings.
- Further expand our geographical footprint.
- Continue to expand our pre-qualification capability and bid capacities.
- Continue to focus on timely delivery and quality execution capabilities.
- Continue to pursue strategic alliances.
- Strong project management and execution capabilities.
- Growing Order Book and higher pre-qualification credentials.
- Strong and consistent financial performance.
- Experienced Promoters, Directors and management team.
How To Apply for Globe Civil Projects Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
