Globe Civil Projects IPO: Know the 10 Key Points Before Investing

Globe Civil Projects IPO is all set to open on June 24, 2025 (Tuesday). Established in 2002, Globe Civil is a New Delhi-based EPC company that operates from execution to construction of infrastructure projects. This company is mainly involved in the construction of educational institutes, and also diversified into non-infrastructure projects such as commercial offices and housing.

In this blog, we’ll know the 10 key Globe Civil Projects IPO details, including its IPO dates, minimum investment, financials, and risk factors.

1. Globe Civil Projects IPO Date

Globe Civil Projects IPO is a mainboard IPO which is going to open on June 24, 2025 and will close on June 26, 2025. The allotment date is June 27, 2025, while the listing is expected to be on July 1, 2025. As it is a mainboard IPO, it is going to list on both the NSE and BSE exchanges.

2. Globe Civil Projects IPO Issue Size

Globe Civil Projects IPO valuation, as denoted by the market capitalization, stood at ₹424 crores. Its issue size is ₹119 crores (1.67 crore shares) with only the fresh issue component. The lot size is 211 shares, and the price band is fixed at ₹67 to ₹71 per share.

3. Globe Civil Projects IPO Proceeds Usage

Globe Civil Projects IPO proceeds will be used to fund the working expenditure requirements. Also, it will be used for capital expenditure related to construction equipment and machinery.

4. Globe Civil Projects IPO Reservations and Minimum Investment

Globe Civil Projects IPO reservation to retail investors is 35% of the offer. For QIBs, it is 50% of the offer, and for NIIs, it is 15% of the offer. There is no provision related to Globe Civil Projects IPO shareholder quota in the red herring prospectus.

Globe Civil Projects IPO lot size is 211 shares, wherein bidding can be done in multiples. The minimum amount that a retail investor has to invest (at the upper price band) is ₹14,981. For S-NII, the minimum investment amount is ₹2,09,734, while for B-NII, it is ₹10,03,727.

5. Globe Civil Projects IPO GMP

Globe Civil Projects IPO GMP is ₹13 as of June 20, 2025 (at 11:28). It is expected to list at an 18.31% gain at a price of ₹84. However, GMP is not a safe or assured criterion to bid for an IPO.

6. Globe Civil Projects IPO: Business Model

Globe Civil Projects Limited derives its revenue from the construction projects and the trading of goods. Its infrastructure projects include hospitals, roads, airport terminals, and educational institutions. While non-infrastructure projects include commercial offices and housing societies.

Apart from this, the company also earns revenue from mechanical, plumbing, architectural, HVAC, and fire alarm systems. To date, the company has completed 37 projects, and there are 13 projects in the pipeline.

Its key competitive strengths are: strong project execution capabilities, healthy order book, and focus towards securing government infrastructure projects.

Globe Civil Projects Limited’s shareholding pattern reveals that Ved Prakash Khurana, Nipun Khurana, and Vipul Khurana are the promoters of the company.

7. Globe Civil Projects IPO: Industry Overview

India’s construction industry is a key to growth that works in sync with other sectors such as cement, steel, paints, etc. It is considered the second-largest growth driver of India after the agriculture sector and has a share of 9.1% in the national GVA (Gross Value Added) in FY25.

India’s infrastructure sector has also received constant attention from the government with a budgetary allocation of ₹11,210 billion for FY26, a growth of 10.1% from the previous financial year.

There are multiple schemes launched by the government that indirectly provide a big boost to EPC companies, such as National Infrastructure Pipeline (NIP), National Monetisation Pipeline (NMP), PM Gati Shakti plan, Smart Cities Mission, and Pradhan Mantri Awas Yojana.

8. Globe Civil Projects IPO: Financial Performance

Globe Civil Projects Limited’s revenue has increased from ₹235.17 crores in FY23 to ₹334.81 crores in FY24, a growth of 42.37%. In the same period, net profit also increased by 217.11% from ₹4.85 crores to ₹15.38 crores in FY24.

Highlighting its healthy operational efficiency, the EBITDA grew by 114.66% on a year-on-year basis to ₹44.65 crores in the financial year 2023-24. Its assets grew by 15.56% YoY to ₹317.83 crores, while borrowing also increased by 28.33% YoY to ₹124.48 crores in FY24.

The order book of the company grew by 28.33% YoY to ₹980.86 crores in FY24, and in the nine months of FY25, the order book stood at ₹778.53 crores.

9. Globe Civil Projects IPO: Peer Analysis

In FY24, Globe Civil Projects Limited had a second-best EBITDA margin of 15.43% in the industry, which is slightly lower than Capacite Infraprojects Limited (15.70%).

Its pre-IPO PE ratio is 19.83, which is lower than the key peers (B L Kashyap and Sons, PSP Projects, and others), highlighting an undervalued opportunity.

Globe Civil Projects has the third highest ROE and ROCE in the industry at 21.95% and 23.07%, respectively. Its debt-equity ratio is 1.60, which is the highest among the peers, signalling its greater reliance on debt financing.

10. Globe Civil Projects IPO Risk Factors

Globe Civil Projects Limited mainly earns revenue from the CPWD (Central Public Works Department) projects, and there is a risk of not being able to secure new projects or the loss of ongoing projects.

Any change in budgetary allocation of the infrastructure sector, or a decrease in demand for construction services, can have a direct impact on the business and profitability. The company also earns revenue from the trading of goods (TMT steel), and a reduction in market demand or fluctuations in prices of these goods can affect the cash flows.

For all the insights on Globe Civil Projects IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for Globe Civil Projects IPO easily on the SMC ACE App by opening free demat account now.

References:
https://www.sebi.gov.in/filings/public-issues/jun-2025/globe-civil-projects-limited-rhp_94642.html
https://www.investorgain.com/gmp/globe-civil-projects-ipo-gmp/1280/

Author: All Content is verified by SMC Global Securities.