Globe Civil Projects IPO: Globe Civil Projects IPO opens June 24 with ₹119 Cr issue. Price band ₹67–71, lot size 211 shares. Explore GMP, financials, and peer comparison here.
Globe Civil Projects IPO Overview
Globe Civil Projects Limited is an established EPC (Engineering, Procurement & Construction) company that undertakes civil construction projects across 11 Indian states. Its portfolio includes roads, bridges, buildings, and other infrastructure works, primarily for government clients.
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Industry: Infrastructure / Civil Construction
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IPO Issue Size: ₹119 crore (100% fresh issue)
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IPO Type: Book Built, Mainboard
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Face Value: ₹10 per equity share
Also Read: Robust ₹44 Cr Eppeltone Engineers IPO Opens Strong with Growth Focus
IPO Key Details Snapshot
| Particulars | Details |
|---|---|
| IPO Open Date | June 24, 2025 |
| IPO Close Date | June 26, 2025 |
| Listing Date | July 1, 2025 (tentative) |
| Price Band | ₹67 to ₹71 per share |
| Lot Size | 211 shares |
| Minimum Investment | ₹14,981 |
| Total Issue Size | ₹119 crore (Fresh Issue only) |
| Shares Offered | 1,67,60,560 equity shares |
| Lead Manager | Mefcom Capital Markets Ltd |
| Registrar | KFin Technologies Ltd |
| Market Maker | Not applicable (Mainboard IPO) |
Globe Civil Projects DRHP: Click Here
Globe Civil Projects RHP: Click Here
Globe Civil Projects IPO: Grey Market Premium (GMP)
As of June 19, 2025, Globe Civil Projects IPO is commanding a GMP of ₹7–₹9 in the unlisted market.
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Expected Listing Price: ₹78–₹80 (based on upper price band ₹71)
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Estimated Listing Gain: ~10–12%
Note: GMP is unofficial and may vary daily. Investors should not rely solely on GMP while making investment decisions.
Globe Civil Projects IPO: Company Financials
Revenue & Profit (₹ Crore)
| Period | Revenue | PAT |
|---|---|---|
| FY 2023–24 | ₹332.20 | ₹15.38 |
| FY 2022–23 | ₹235.17 | ₹4.85 |
| 9M FY24 (Apr–Dec 2024) | ₹254.65 | ₹17.78 |
Globe Civil Projects IPO: Key Financial Ratios
| Metric | Value |
|---|---|
| EPS (Pre-Issue FY24) | ₹3.58 |
| EPS (Post-Issue FY24) | ₹2.58 |
| RoNW | 19.80% |
| RoCE | 23.07% |
| NAV per share | ₹13.04 |
| Debt-to-Equity Ratio | 1.60x |
Industry Peer Comparison
| Company | P/E Ratio |
|---|---|
| B L Kashyap & Sons | 29.57x |
| PSP Projects | 20.38x |
| Ahluwalia Contracts | 16.41x |
| Capacite Infraprojects | 20.56x |
| Globe Civil Projects (Post) | 27.52x |
Objects of the Issue
Funds from the IPO will be used for:
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₹75.00 Cr – Working capital requirements
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₹14.26 Cr – Purchase of construction equipment & machinery
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Remaining – General corporate purposes & issue-related expenses
Anchor Investors
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Anchor Allotment Date: June 21, 2025
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QIB Reservation: Up to 50% of net issue
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Retail Quota: Minimum 35%
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NII Quota: Minimum 15%
(Anchor investor names and amount to be disclosed post allotment.)
IPO Subscription Status (To be updated once the IPO opens)
Globe Civil Projects IPO: Key Strengths
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Pan-India execution of government projects
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Healthy margins and strong RoCE (23%)
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217% YoY PAT growth in FY24
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₹669 Cr order book ensures near-term revenue visibility
Globe Civil Projects IPO: Risks to Consider
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High debt load increases financial risk
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Delays in government clearances can impact execution
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Working capital intensive business model
Conclusion
Globe Civil Projects IPO offers exposure to India’s booming infrastructure sector through a fundamentally sound company. While valuations are slightly premium compared to peers, consistent revenue growth, high return ratios, and strong order books support the investment case.
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Listing Date: July 1, 2025
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Watch For: Final subscription figures, anchor book quality, and GMP trend closer to listing
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Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
