Globe Civil Projects IPO: GMP And Price

Globe Civil Projects IPO - Complete Overview

Globe Civil Projects IPO a Mainboard IPO is a book-built issue of Rs. 119 Cr (1.68 Cr Shares) by Globe Civil Projects, incorporated in 2002, and is an EPC (Engineering Procurement and Construction) Company based in New Delhi.

The company has completed projects in 11 states of India, namely UP, Haryana, Delhi, Maharashtra, AP, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and HP.

It has finished 37 projects. The company is working on 12 projects, half of which are social and commercial projects.

As of August 31, 2024, the company’s current order book is Rs. 8,929.45 Cr, comprising 14 projects-

6 Infrastructure - Social and economic projects.

3 Infrastructure - Transport and Logistics projects.

4 Non-Infrastructure - Other housing schemes projects.

1 Non-Infrastructure - Commercial office projects. 

This new IPO is to be launched on 24 June 2025, and the initial public offering of this upcoming IPO will end on 26 June 2025.

If you want to apply for the IPO, click to open a Demat Account.

 

Globe Civil Projects IPO Details

The Rs. 119 crore Globe Civil Projects IPO comprises a wholly fresh Issue of 1.68 crore Shares.

The IPO date is from 24 June to 26 June 2025. The IPO listing date is on Tuesday, 01 July 2025, and it will be listed at BSE and NSE. Globe Civil Projects IPO price band is Rs. 67 to Rs. 71 for each Share.

 

 

Company Financial

(Amount in Cr)

Period	31 Dec 2024	31 Mar 2024	31 Mar 2023
Total Assets	374.60	317.83	275.04
Total Revenue	256.74	334.81	235.17
PAT	17.79	15.38	4.85
Net Worth	99.83	77.67	62.44
Reserves & Surplus	56.87	75.19	59.97
Borrowings	137.97	124.48	97

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in millions)

Net Cash Flow In Multiple Activities	31 Dec 2024	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(32.99)	41.99	(112.22)
Net Cash Flow Investing Activities	(3.76)	(113.06)	(34.54)
Net Cash Flow Financing Activities	37.31	70.12	147.69

 

Project-wise Revenue Breakdown

(Amount in millions)

(Source RHP)

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Financing the company's working cash needs.

• Capital investment for the acquisition of machinery and equipment for building.

• General corporate purposes.
  
  

Click to check the IPO application status.

 

 

Peers of Globe Civil Projects Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
B.L.Kashyap and Sons Ltd.	10	2.33	29.57
Ceigall India Limited	5	19.37	12.88
PSP Projects Ltd.	10	34.16	20.38
Capacite Infraprojects Ltd.	10	16.09	20.56
Ahluwalia Contracts (India) Ltd.	2	55.95	16.41

 

Evaluation

Globe IPO price is between Rs. 67 to Rs. 71 for each Share.

Evaluation of P/E Ratio

Considering the period of FY 2024, with an EPS of Rs. 3.58 from the last year, the resulting P/E ratio is 19.83x.

Considering the weighted EPS of Rs. 2.37 for the last three years, the P/E ratio is 29.95x.

 

IPO's Strengths

• In two decades, the company has delivered 37 projects and has 13 projects under execution spread across infrastructure and commercial spaces.

• As on 31st March 2025, the order book was Rs. 6,691.02 million, with a blend of Infrastructure and Non-Infrastructure projects, which is an indicator for future revenue visibility.

• Its revenue from operations rose from Rs. 2,857.09 million in FY22 to Rs. 3,321.62 million in FY24, registering a CAGR of 7.82%, while its profit before tax grew significantly at a CAGR of 72.92% over the same period.

• Promoters and directors have an average industry experience of 19 years, which supplements the business and strategic decisions with significant industry know-how.
  
  

IPO’s Weaknesses 

• A large part of the income is generated by projects undertaken by the Central Public Works Department (CPWD). A slowdown in CPWD projects, or the failure to win new CPWD contracts, could adversely affect the business.

• The Company competes in an industry that is highly competitive and has many competitors that have greater financial and operating resources than the Company. Such can restrict market share growth and profitability.

• Delays, cancellations, or termination of existing contracts that generate revenue, which may lead to economic loss or penalties, and could directly impact profitability. 

 

Globe Civil Projects IPO GMP 

Globe Civil Projects IPO GMP today is Rs. 0 as of 17 June 2025. With the price of Rs. 71, the Globe Civil Projects IPO listing price (estimated) might be Rs. 71.

Globe Civil Projects IPO Timetable (Tentative)

The IPO open date is from Jun 24 to Jun 26, with IPO allotment on Jun 27, refund initiation on Jun 30, and listing on Tuesday, Jul 01, 2025.

Events	Date
IPO Opening Date	Jun 24, 2025
IPO Closing Date	Jun 26, 2025
IPO Allotment Date	Jun 27, 2025
Refund Initiation	Jun 30, 2025
IPO Listing Date	Jul 01, 2025

 

Globe Civil Projects IPO Details 

The IPO with a face value of Rs. 10 per Share offers a total issue size of 1,67,60,560 Shares and will be listed at BSE and NSE.

IPO Opening & Closing date	Jun 24, 2025 to Jun 26, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 67 to Rs. 71
Lot Size	211 Shares
Issue Size	1,67,60,560 Shares (Rs. 119 Cr)
Offer for Sale	-
Fresh Issue	1,67,60,560 Shares (Rs. 119 Cr)
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	Kfin Technologies Limited

 

 

Globe Civil Projects IPO lot size and price

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (211 Shares) amounting to Rs. 14981 and 13 Lots (2743 Shares) amounting to Rs. 1,94,753 respectively, while for HNI investors, the minimum Lot is 14 (2954 Shares) amounting to Rs. 2,09,734.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
S-HNI (Minimum)	14 Lots
S-HNI (Maximum)	66 Lots
B-HNI (Minimum)	67 Lots

 

Globe Civil Projects IPO Reservation

Institutional Share Portion	50%
Retail Investors' Share Portion	35%
Non-Institutional Shares Portion	15%

 

Globe Civil Projects IPO Lead Managers

• Mefcom Capital Markets Limited.

 

 

Dividend Policy

The company has paid no dividends in the last three fiscal years.

 

Conclusion

Globe Civil Projects IPO gives the chance to be a part of the growth of a reputed EPC Company, which is also a strong player in the domestic market, coupled with a decent order book position across the Indian geography. With an IPO price band of Rs. 67- Rs. 71, it is priced comfortably low for retail investors. But investors should consider sector competition and project over-dependence risks before investing.

DISCLAIMER: This is NOT any buy or sell recommendation. No investment or trading advice is given. The content is solely intended for informational and educational purposes. Before making investment decisions, always get advice from your qualified financial advisor. 

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.