Skip to main content
  1. Home
    /
  2. IPO
    /
  3. Globe Civil Projects IPO
Globe Civil Projects IPO
84.92xsubscribed

Globe Civil Projects IPO

Engineering - Construction
listed
₹14,137Min. investment

Globe Civil Projects Limited IPO Details

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 8 - Mar 9
₹332.16CrLower than sector avg
Growth rate3Y CAGR
7.82%Higher than sector avg

Globe Civil Projects 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

As on 24-Jun-25, 5:30 PM

Globe Civil Projects IPO Timeline

  1. Pre-apply
    19 Jun 2025
  2. Bid start
    24 Jun 2025
  3. Bid end
    26 Jun 2025
  4. Allotment
    27 Jun 2025
  5. Release of funds
    30 Jun 2025
  6. Demat transfer
    30 Jun 2025
  7. Listing
    1 Jul 2025

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.

Globe Civil Projects Limited IPO Analysis

IPO REVIEW

Globe Civil Projects IPO | Analysis Video

Should you apply?

Watch our analysts break down the Globe Civil Projects Limited IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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.

Objectives of Globe Civil Projects Limited IPO

Working Capital
63.03%
The company will invest ₹75 crore to fund its working capital requirements.
General corporate purposes
24.90%
Part of the IPO proceeds will be used for general corporate purposes.
Capital expenditure
11.98%
The company will invest ₹14.26 crore for the purchase of construction equipment.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹332.16Cr7.82%₹15.38Cr₹424Cr19.831.38
This sector (avg.)₹2,186.73Cr0.03%₹107.3Cr₹5,580.04Cr39.871.33
₹2,55,547.01Cr---₹17,687.39Cr₹5,40,931.7Cr33.291.36
₹19,923.02Cr---₹1,281.52Cr₹71,599.59Cr63.030.57
₹7,062Cr---₹6,480.68Cr₹25,092.05Cr3.811.04

*Revenue for financial year 8-9. Lower P/E and D/E ratios are generally preferred.

Globe Civil Projects IPO Contact Details

Company NameGlobe Civil Projects Limited

How to apply for Globe Civil Projects IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Globe Civil Projects Limited IPO FAQs

Investors can apply for the Globe Civil Projects IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Globe Civil Projects IPO is 119 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
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.
Globe Civil Projects IPO will be open between 2025-06-24 and 2025-06-26.
Globe Civil Projects IPO allotment date is 2025-06-30. For Globe Civil Projects IPO allotment status check, you can visit the website of the registrar of the IPO.
For Globe Civil Projects IPO, the IPO registrar is KFIN TECHNOLOGIES LIMITED. You can check Globe Civil Projects IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Globe Civil Projects IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Globe Civil Projects IPO lot size is 211 and minimum order quantity is 211.
Globe Civil Projects IPO has set the price band for its IPO at 71 per equity share with a face value of 10.