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Globe Civil Projects Ltd IPO

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.

Globe Civil Projects Ltd IPO Details

Total Shares Offered

₹ 1,67,60,560

Offer to Public

TBA

Retail Max (Shares)

₹ 58,66,196

Pre Issue Promoters Holding

₹ 3,78,65,239

Exchange

BSE

Issue size

₹ 119 Cr

IPO Open Date

Jun 24, 2025

Close Date

Jun 26, 2025

Lot Size

211

Min Investment

₹ 14,137

Issue Type

Book Building

Listing Date

Jul 1, 2025

Globe Civil Projects Ltd IPO Dates

Jun 24, 2025

Opening date

Jun 26, 2025

Closing date

Jun 27, 2025

Basis of Allotment

Jun 30, 2025

Initiation of Refunds

Jun 30, 2025

Credit of Shares

Jul 1, 2025

Listing date

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

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

39.91x

143.15x

53.72x

60.23x

8380280

2514084

5866196

16760560

334422551

359888774

315149389

1009460714

Globe Civil Projects Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	378.58	332.16	233.35
EBITDA	41.04	28.35	13.50
PAT	24.05	15.38	5.32
Total Assets	314.98	267.34	226.99
Share Capital	42.96	2.48	2.47
Total Borrowings	142.70	121.53	132.97
Operating Activities (Net Cash)	27.95	19.22	8.47
Investing Activities (Net Cash)	0.59	0.56	0.05
Financing Activities (Net Cash)	142.70	121.53	132.97
Net Cashflow	6.71	25.21	29.22

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.

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 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.

How To Apply for Globe Civil Projects Ltd IPO Online?

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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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Globe Civil Projects Ltd IPO?

Globe Civil Projects Ltd's IPO offers shares for up to 119 It begins on Jun 24, 2025 and ends on Jun 26, 2025.

What is the price of the Globe Civil Projects Ltd IPO?

The price of Globe Civil Projects Ltd IPO ranges between ₹67 to ₹71 per share.

What are the open and close dates for the Globe Civil Projects Ltd IPO?

The Globe Civil Projects Ltd IPO opens on Jun 24, 2025 and closes on Jun 26, 2025.

When will the Globe Civil Projects Ltd IPO be allotted?

The allotment for the Globe Civil Projects Ltd IPO will be finalised on Jun 27, 2025. The shares will be listed on BSE and NSE on Jul 1, 2025.

What is the minimum lot size required for Globe Civil Projects Ltd IPO?

The minimum lot size for Globe Civil Projects Ltd IPO is 211 shares, priced between ₹67 to ₹71 per share.

What is the GMP of Globe Civil Projects Ltd IPO?

The GMP (Grey Market Premium) of Globe Civil Projects Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Globe Civil Projects Ltd IPO?

To check the allotment status of Globe Civil Projects Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Globe Civil Projects Ltd IPO getting listed?

The Globe Civil Projects Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 24, 2025, and closes on Jun 26, 2025. The allotment is finalised on Jun 27, 2025.

How do you apply for the Globe Civil Projects Ltd IPO?

To apply for the Globe Civil Projects Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.