Globe Civil Projects IPO

84.92x

subscribed

Globe Civil Projects IPO

Engineering - Construction
listed
₹14,137Min. investment
  1. Pre-apply
    19 Jun
  2. Bid start
    24 Jun
  3. Bid end
    26 Jun
  4. Allotment
    27 Jun
  5. Release of funds
    30 Jun
  6. Demat transfer
    30 Jun
  7. Listing
    1 Jul

About Globe Civil Projects Limited

SectorEngineering - Construction
Price range₹67.00 – ₹71.00
IPO type
Regular
Lot size211 shares
Issue size₹119Cr
Red Herring Prospectus
Read
Market Cap
₹424CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹332.16CrLower than sector avg
Growth rate3Y CAGR
7.82%Higher than sector avg

Globe Civil Projects Limited IPO Overview

Global Civil Projects IPO Date

Global Civil Projects IPO will open for subscription on June 24, 2025, and the closing date for the IPO is June 26, 2025. After this, investors are expected to be updated about the allotment status on Friday, June 27, 2025. Investors who have been allotted shares can expect them to be credited to their demat account on June 30, 2025. The shares will be listed on the NSE and the BSE on Tuesday, July 1, 2025.

Global Civil Projects IPO Price Band

The IPO includes only a fresh issue of shares. The IPO price band has been set between ₹67 to ₹71 per share. Interested investors can choose a price within this band to apply for the IPO. The IPO is a book-building issue, comprising a fresh issue of ₹119 crore and no offer for sale component.

The Global Civil Projects IPO listing price will be determined on July 1, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.

Global Civil Projects IPO Lot Size

The Global Civil Projects IPO details have been declared. The minimum lot size for an application is 211 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹119 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹332.16Cr
This sector
₹2,187.48Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
7.82%
This sector
0.03%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹15.38Cr
This sector
₹108.5Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹424Cr
This sector
₹5,709.24Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
19.83
This sector
40.62
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
1.38
This sector
1.32
Compare with companies

Objectives

Working Capital
63.03%
General corporate purposes
24.90%
Capital expenditure
11.98%

Strength and Weakness

Diversified project portfolio

With 13 ongoing projects, the company is well-diversified across infrastructure (social, commercial, transport, logistics) and non-infrastructure (housing, commercial office) sectors. The client base is predominantly public sector units (9 projects), with a notable private sector presence (4 projects). The company has a strong track record in education (19 projects) and hospital (4 projects) construction, positioning them well in high-growth sectors.

Geographical diversification and market presence

The company has strategically expanded its geographical footprint across 11 states in India, which helps it to ensure efficient project management and access to local resources, including equipment and manpower.

Growing order book

The company's order book expanded from ₹309.05 crore in FY22 to ₹669.10 crore in FY25. The company maintains a strong book-to-bill ratio of 3.16 times as of 9MFY25.

Pre-qualification credentials and bidding capacity

As a Class I super contractor with the Central Public Work Department, the company is pre-qualified to bid on single projects valued up to ₹650 crore. This, combined with its strong performance and finances, helps broaden market reach and enhances competitiveness for major government and infrastructure projects.

Focus on quality, technology, and operational excellence

The company invests in advanced project management tools, including ERP systems, to enhance productivity and asset utilisation. From the IPO proceeds, Globe Civil Projects plans to invest ₹14.26 crore in acquiring additional machinery to further enhance execution efficiency and capabilities.

About Globe Civil Projects Limited

Incorporated in 2002, Globe Civil Projects Limited is an integrated engineering, procurement, and construction (EPC) company specialising in domestic infrastructure projects comprising transport and logistics segment, social and commercial projects, and non-infrastructure category, including commercial offices and housing.
The company primarily focus on the construction of educational institution buildings and railway infrastructure, with diversification into specialised projects like railway bridges, airport terminals, elevated railway terminals, and hospitals.
The company generates revenue through two main channels: construction project receipts and trading of TMT steel. Construction project receipts have grown from ₹253.62 crore in FY22 to ₹293.27 crore in FY24 at a CAGR of 7.53%. TMT steel trading revenue increased from ₹32.09 crore in FY22 to ₹38.90 crore in FY24 at a CAGR of 10.09%.
The company has completed 37 projects over the last two decades and is currently managing 13 ongoing projects. As of March 31, 2025, the company has an order book of ₹669.10 crore, indicating strong future revenue visibility. The book-to-bill ratio stands at 3.16 for the 9MFY25. The ongoing projects include five social and commercial infrastructure projects, three transport & logistics projects, four residential building projects, and one office building project.
The company is currently constructing an academic block, hostel block, residential block, and director's residence at NIT Narela with an estimated cost of ₹327 crore and a completion target of May 2025. Other significant projects include the major upgrade of the railway station at Nagpur (₹297.80 crore) and the Office Income Tax Building at Bengaluru (₹143.00 crore). The company's revenue from operations stood at ₹254.66 crore for the 9MFY25 compared to ₹332.16 crore for FY24. EBITDA margin improved to 15.43% in the 9MFY25, from 13.44% in FY24, while ROCE stood at 24.09% during the same period.
The construction sector, contributing 9.1% to national GVA with a 6.3% CAGR growth, creates a favourable operating environment with abundant project opportunities. With the government's capital expenditure allocation of ₹11.2 lakh crore in FY26 and flagship programs like the National Infrastructure Pipeline (₹11,100,000 crore investment) and Bharatmala Pariyojana (₹85,36,56,000 crore approved projects), the company is positioned to capitalise on a sustained demand pipeline spanning multiple infrastructure segments, including roads, railways, and urban development. Additionally, the increasing FDI inflows ($42,320 crore in construction infrastructure activities in FY24) and regulatory improvements through initiatives like RERA enhance market transparency and favour organised, compliant players, positioning the company for sustainable growth and market share expansion in India's infrastructure.
Now, Globe Civil Projects Limited is launching its initial public offering (IPO), which consists of a fresh issue of equity shares worth up to ₹119 crore. The total issue size of the IPO is ₹119.00 crore. Its shares will be listed on the NSE and BSE.

IPO Analysis

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IPO REVIEW
Globe Civil Projects IPO
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IPO Subscription Status

Date
QIB
NII
Retail
Total
24-Jun-25
8.06 times (X)
8.16 times (X)
5.9 times (X)
7.0 times (X)
25-Jun-25
8.15X
20.96X
16.88X
15.26X
26-Jun-25
99.76X
141.08X
52.37X
84.92X

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Globe Civil Projects IPO ?

The issue size of the Globe Civil Projects IPO is 119 Cr.

What is 'pre-apply' for Globe Civil Projects IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Globe Civil Projects IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.