Globe Civil Projects IPO

Posted by thanushaa June 21, 2025

Global Civil Projects IPO is a bookbuilt issue of Rs 119.00 crore. This issue is entirely a fresh issue of 1.68 crore shares with no offer for sale.

The IPO opens for subscription on June 24, 2025, and closes on June 26, 2025. The allotment is expected to be finalized on Friday, June 27, 2025. The price band for the IPO is set at ₹67 to ₹71 per share, and the minimum lot size for an application is 211 shares.

Company Summary

Incorporated in 2002, Globe Civil Projects Limited is an integrated Engineering, Procurement, and Construction (EPC) company headquartered in New Delhi.

The company has successfully executed projects across 11 states in India, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh.

Globe Civil Projects Limited has completed 37 projects. Currently, the company is working on 12 ongoing projects, including five social and commercial projects.

As of August 31, 2024, the company’s order book stands at ₹8,929.45 million, covering 14 projects:

  • 6 Infrastructure – Social and Commercial projects
  • 3 Infrastructure – Transport and Logistics projects
  • 4 Non-Infrastructure – Housing projects
  • 1 Non-Infrastructure – Commercial Office project

Globe Civil Projects Limited has a team of 112 permanent employees as of August 31, 2024.

Company Strengths

  • With over two decades of experience executing diverse infrastructure projects, the company has strategically expanded its geographical footprint across 11 Indian states, enabling efficient management and seamless access to local resources, including equipment and manpower.
  • With a 60% increase in revenue and a 185% increase in net profit in FY2024, the company demonstrated remarkable financial development, highlighting its operational strength and execution effectiveness.
  • It has an attractive order book of around 941 crore as of August 2023, providing good revenue visibility for the following three years.
  • Its reputation in the infrastructure sector has been strengthened by its long-lasting partnerships with trustworthy clients, such as important government organizations and public sector projects.
  • The company is able to take part in high-value, large-scale government projects nationally since it is registered with the Central Public Works Department (CPWD) as a Class-I contractor.

Company Financials

Period Ended

31 Dec 2024

31 Mar 2024

31 Mar 2023

31 Mar 2022

Assets

374.60

317.83

275.04

229.79

Revenue

256.74

334.81

235.17

286.78

Profit After Tax

17.79

15.38

4.85

5.20

EBITDA

39.30

44.65

20.80

22.91

Net Worth

99.83

77.67

62.44

57.45

Reserves and Surplus

56.87

75.19

59.97

54.98

Total Borrowing

137.97

124.48

97.00

70.76

Amount in ₹ Crore

Objectives of IPO

  • Funding working capital requirements of the Company.
  • Capital Expenditure towards purchase of construction equipments / machines.
  • General corporate purposes.

Promoters of the company

Ved Prakash Khurana, Nipun Khurana, and Vipul Khurana are the company promoters.

IPO Details

IPO Date

June 24, 2025 to June 26, 2025

Listing Date

July 01, 2025

Face Value

₹10 per share

Price Band

₹67 to ₹71 per share

Lot size

211 shares

Total Issue size

1,67,60,560 shares (aggregating up to ₹119.00 Cr)

Fresh issue

1,67,60,560 shares (aggregating up to ₹119.00 Cr)

Issue type

Bookbuilding IPO

Listing at

NSE, BSE

Lot Allocation Details

Application

Lots

Shares

Amount

Retail (Min)

1

211

₹14,981

Retail (Max)

13

2743

₹1,94,753

S-HNI (Min)

14

2954

₹2,09,734

S-HNI (Max)

66

13,926

₹9,88,746

B-HNI (Min)

67

14,137

₹10,03,727

Allotment Schedule

Basis of Allotment

Fri, June 27, 2025

Initiation of Refunds

Mon, Jun 30, 2025

Credit of Shares to Demat

Mon, Jun 30, 2025

Tentative Listing Date

Tue, July 1, 2025

Cut-off time for UPI mandate confirmation

5 PM on June 26, 2025

IPO Reservation

Investor Category

Shares Offered

QIB Shares Offered

Not more than 50% of the Issue

Retail Shares Offered

Not less than 35% of the Issue

NII (HNI) Shares Offered

Not less than 15% of the Issue

To check allotment, click here

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