Globe Civil Projects was incorporated on May 22, 2002. The company focuses on executing infrastructure projects, including transport, logistics, social, commercial, and non-infrastructure projects like commercial offices and housing. Initially specializing in educational institutions and railway infrastructure, it has diversified to include projects like railway bridges, airport terminals, and hospitals, and also engages in trading goods, particularly TMT steel
| Bidding Dates |
|---|
| 24 Jun 2025 - 26 Jun 2025 |
| Subscription |
|---|
| 86.04x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,137 | 1 | 13 | 211 | 16.8 M | ₹67 - ₹71 | 63.41 % | ₹1123.0 M - ₹1190.0 M | RHP DOC |
Globe Civil Projects IPO SUBSCRIPTION STATUS
26 Jun '25Globe Civil Projects IPO overall subscription rate was 86.04 times the total available shares
Globe Civil Projects IPO retail subscription rate was 53.72 times in the retail segment
Globe Civil Projects IPO non-institutional investor subscription rate was 143.15 times in the non-institutional investor category
Globe Civil Projects IPO Qualified Institutional Bidder subscription rate was 99.76 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
26 Jun 2025 (Day 3) | 53.72x | 143.15x | 99.76x |
25 Jun 2025 (Day 2) | 16.74x | 21.32x | 8.15x |
24 Jun 2025 (Day 1) | 5.83x | 8.16x | 8.06x |
Globe Civil Projects FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY25 | 17.8 | 254.7 | -3.3 | -3.9 | 15.4% |
| FY24 | 15.4 | 332.2 | 4.2 | -7.4 | 13.4% |
| FY23 | 4.9 | 233.3 | -11.2 | -14.7 | 8.9% |
| FY22 | 5.2 | 285.7 | 7.4 | 7.6 | 8.0% |
Globe Civil Projects IPO SUBSCRIPTION STATUS DETAILS
Globe Civil Projects had 16.8 M shares on offer
Globe Civil Projects IPO offer price was in the range ₹67 - ₹71
Globe Civil Projects IPO minimum Investment was ₹14137
Globe Civil Projects IPO issue size was ₹ 1123.0 M - ₹ 1190.0 M
Globe Civil Projects had a minimum lot size of 211 Shares per application
Globe Civil Projects NUMBER OF SHARES ON OFFER
Globe Civil Projects IPO IMPORTANT DATES
| Issue Open Date | 24 Jun 2025 |
| Issue close Date | 26 Jun 2025 |
| Allotment Date | 27 Jun 2025 |
| Refund Date | 30 Jun 2025 |
| Demat Account Credit Date | 30 Jun 2025 |
| Listing Date | 01 Jul 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Globe Civil Projects Allotment Status | Exchange/ Registrar |
Globe Civil Projects IPO subscription opened on 24 Jun 2025, and closed on 26 Jun 2025
IPO allotment for Globe Civil Projects was finalized on Friday, 27 Jun 2025
IPO listing for Globe Civil Projects was on NSE and BSE on Tuesday, 01 Jul 2025
Globe Civil Projects IPO LISTING GAINS
| Issue Price (adjusted) | 71.0 |
| Listing Open Price | 90.0 |
| Listing Close Price | 94.5 |
| Listing Gain% | 26.8% |
| Current Gain% | -37.5% |
Globe Civil Projects Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Globe Civil Projects Ltd. | 44.4 | 264.9 | 11.4 | -3.6 | 0.7 | 9.8 | 4.3 | 409 | 7.2 | 23.3 | -3.1 | 3.9 | -3.1 |
| Larsen & Toubro Ltd. | 4037.4 | 568026.8 | 34.2 | 7.5 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 105.1 | 110985.4 | 632.4 | 4.4 | 7.5 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 230 | 47955.5 | 53.3 | -2.2 | 2.3 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.3 | -24.5 |
| NBCC (India) Ltd. | 93.8 | 25326 | 34.1 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.8 | 30.6 |
| Kalpataru Projects International Ltd. | 1347.7 | 23015 | 20.3 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 66.5 | 60.9 |
Globe Civil Projects INFORMATION ON IPO ISSUE
About Globe Civil Projects
Globe Civil Projects was incorporated on May 22, 2002. The company focuses on executing infrastructure projects, including transport, logistics, social, commercial, and non-infrastructure projects like commercial offices and housing. Initially specializing in educational institutions and railway infrastructure, it has diversified to include projects like railway bridges, airport terminals, and hospitals, and also engages in trading goods, particularly TMT steel
Object of the Issue
- Funding working capital requirements of the company
- Funding capital expenditure requirements towards the purchase of equipment/machinery
- General corporate purposes
Globe Civil Projects - PROMOTERS
| Name |
|---|
| Ved Prakash Khurana |
| Nipun Khurana |
| Vipul Khurana |
Globe Civil Projects Book Running Lead Manager
Mefcom Capital Markets Limited
gcpl.ipo@mefcomcap.in
Globe Civil Projects Registrar to the Offer
KFin Technologies Limited
gcpl.ipo@kfintech.com
Globe Civil Projects Strengths
Project management & execution capabilities
The company has a proven track record of executing a diverse range of construction projects, completing 37 projects in the past two decades, with 12 ongoing. The largest project completed was the Academic and Admin Block at AIIMS, Raipur, covering 463,801.5 sq. ft. and costing Rs 181.4 crore
Growing order book
The order Book reflects the estimated contract value of unexecuted construction projects and indicates future revenue visibility. The Book to Bill Ratios for FY24, FY23, and FY22 were 2.95, 4.02, and 1.08 times, respectively
Consistent financial performance
Total revenue from operations grew from Rs 285.7 crore in FY22 to Rs 332.2 crore in FY24, representing a CAGR of 7.8%. Profit before tax rose from Rs 7.02 crore in FY22 to Rs 20.9 crore in FY24, showing a CAGR of 72.9%
Globe Civil Projects Risks
Dependent on demand
The business and profitability depend heavily on demand for construction services and budget allocations in India’s infrastructure and non-infrastructure sectors. A reduction in activity and spending in these areas could negatively impact prospects and hinder growth
Competition
Projects are awarded through competitive bidding and meeting specific qualifications. Revenues primarily come from contracts obtained on a project-by-project basis, with many construction projects being non-recurring
Dependent on vendors
The business and profitability rely heavily on the availability and cost of raw materials, sourced from third-party suppliers. Disruptions or price volatility in raw materials could negatively affect operations and financial health
IPO FAQs
The promoters of the company are Ved Prakash Khurana, Nipun Khurana and Vipul Khurana.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 67.0 - 71.0.
The IPO application opens on Jun 24, 2025 and closes on Jun 26, 2025.
The minimum lot size for the IPO is 211. The maximum lot size for the IPO is 2743.
For all category investors, the minimum application amount for this IPO is Rs. 14,137.0, the maximum value for this IPO is Rs 194,753.0.
This IPO will be allotted on Jun 27, 2025.
The refund will be credited to your account on Jun 30, 2025.
The allotted shares will be credited to your demat on Jun 30, 2025.
Globe Civil Projects Ltd.’s shares listed on the stock exchanges on Jul 01, 2025.