Globe Civil Projects Limited is a diversified Engineering, Procurement, and Construction (EPC) company with a strong pan-India footprint. Over the past two decades, the company has evolved into a reliable partner for large-scale infrastructure and civil construction projects across multiple verticals.
The company has successfully delivered 37 projects and is actively working on 12 ongoing contracts across 11 Indian states, including Uttar Pradesh, Delhi, Maharashtra, Karnataka, and Gujarat. Its experience spans a wide array of sectors—ranging from social infrastructure and commercial spaces to housing and logistics.
As of August 31, 2024, the company’s order book stood at ₹892.94 crore, encompassing 14 active projects:
- 🏗️ 6 Infrastructure – Social & Commercial Projects
- 🚚 3 Infrastructure – Transport & Logistics Projects
- 🏘️ 4 Non-Infrastructure – Housing Projects
- 🏢 1 Non-Infrastructure – Commercial Office Project
Globe Civil Projects boasts a workforce of 112 permanent employees, backed by a leadership team with extensive domain expertise. The company has also established a strategic network of joint ventures to deliver high-value projects efficiently.
With an increasing focus on public infrastructure and urban development, Globe Civil Projects is well-positioned to capitalize on India’s growing EPC opportunities.
Globe Civil Projects IPO – Details
| IPO Opening Date | 24 June 2025 |
| IPO Closing Date | 26 June 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,67,60,560 Shares Worth ₹119.00 Crore Fresh Issue: 1,67,60,560 Shares Worth ₹119.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹67 – ₹71 per share |
| Market Lot | 211 Shares |
| Min Order | 211 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Globe Civil Projects IPO – Date Schedule
| IPO Open Date | 24 June 2025 |
| IPO Close Date | 26 June 2025 |
| Basis of Allotment | 27 June 2025 |
| Initiation of Refund | 30 June 2025 |
| Credit of Shares to Demat Account | 30 June 2025 |
| IPO Listing Date | 01 July 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2025 |
Globe Civil Projects IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 211 | ₹14,981 |
| Retail (Max) | 13 | 2743 | ₹1,94,753 |
| S-HNI (Min) | 14 | 2,954 | ₹2,09,734 |
| S-HNI (Max) | 66 | 13,926 | ₹9,88,746 |
| B-HNI (Min) | 67 | 14,137 | ₹10,03,727 |
Competitive Strength
- Strong project management and execution capabilities.
- Growing Order Book and higher pre-qualification credentials.
- Strong and consistent financial performance.
- Experienced Promoters, Directors, and management team.
Company Promoters
- Ved Prakash Khurana
- Nipun Khurana
- Vipul Khurana
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | ₹286.78 Cr | ₹279.76 Cr | ₹5.20 Cr | ₹70.75 Cr |
| 31 March 2023 | ₹235.17 Cr | ₹228.43 Cr | ₹4.85 Cr | ₹96.99 Cr |
| 31 March 2024 | ₹334.81 Cr | ₹313.83 Cr | ₹15.38 Cr | ₹124.48 Cr |
| 31 December 2024 | ₹256.73 Cr | ₹233.49 Cr | ₹17.79 Cr | ₹137.97 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE (Return on Capital Employed) | 23.07% |
| Debt/Equity Ratio | 1.60 |
| RoNW (Return on Net Worth) | 19.80% |
| PAT Margin | 6.93% |
| EBITDA Margin | 15.43% |
| Net Asset Value per Share | ₹18.10 (as of Mar 31, 2024) |
| Earnings Per Share (EPS) | ₹3.58 (Basic & Diluted) |
| Book-to-Bill Ratio (FY24) | 2.95x |
| Order Book (as of Aug 31, 2024) | ₹892.95 Cr |
| Price to Book Value (Estimated) | 38.14x |
| Pre IPO | Post IPO | |
| EPS (₹) | 9.82 | 2.37 |
| P/E (x) | 24.22 | 100.25 |
Object Of The Issue
| S.No. | Objects of the Issue | Expected Amount (Rs. in crores) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 75.00 |
| 2 | Capital expenditure towards purchase of construction equipments/machineries | 14.26 |
| 3 | General corporate purposes | To be finalized |
Globe Civil Projects IPO Peer Comparison
| S. No. | Face Value | Company Name | P/E |
|---|---|---|---|
| 1 | 10 | B L Kashyap and Sons Limited | 29.57 |
| 2 | 5 | Ceigall India Limited | 12.88 |
| 3 | 10 | PSP Projects Limited | 20.38 |
| 4 | 10 | Capacit’e Infraprojects Limited | 20.56 |
| 5 | 2 | Ahluwalia Contracts (India) Limited | 16.41 |
Strengths
- Strong order book visibility.
- Multi-state execution history.
- Long-term government clients.
Risks
- High client concentration.
- Limited private sector exposure.
- Execution risk in infra projects.
Globe Civil Projects IPO Promoter Holding
| Pre Issue Share Holding | 88.14% |
| Post Issue Share Holding | 63.41% |
Globe Civil Projects IPO Prospectus
Company Contact Information
| Globe Civil Projects Limited D-40, Okhla Industrial Area Phase-I Delhi, New Delhi, 110020 Phone: +91 11 46561560 Email: cs@globecivilprojects.com Website: http://www.globecivilprojects.com/ |
Globe Civil Projects IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: gcpl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Globe Civil Projects IPO Lead Manager(s)
| 1. Mefcom Capital Markets Limited |
Globe Civil Projects IPO FAQs
| What is Globe Civil Projects IPO? Globe Civil Projects IPO is a main-board IPO. The issue is priced at ₹67 to ₹71 per equity share. The IPO is to be listed on BSE & NSE. |
| When Globe Civil Projects IPO will open? The IPO is to open on 24 June 2025 for QIB, NII, and Retail Investors. |
| What is Globe Civil Projects IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Globe Civil Projects IPO? You can apply Globe Civil Projects IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Globe Civil Projects IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Globe Civil Projects IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Globe Civil Projects IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Globe Civil Projects IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Globe Civil Projects IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Globe Civil Projects IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Globe Civil Projects IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Globe Civil Projects IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Globe Civil Projects IPO Size? Globe Civil Projects IPO size is ₹119.00 Crore. |
| What is the Globe Civil Projects IPO Price Band? Globe Civil Projects IPO Price Band is ₹67 to ₹71. |
| What is Globe Civil Projects IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 211 Shares with ₹14,981 while the maximum bid is 2743 Shares with ₹1,94,753. |
| What is the Globe Civil Projects IPO Allotment Date? Globe Civil Projects IPO allotment date is 27 June 2025. |
| What is the Globe Civil Projects IPO Listing Date? Globe Civil Projects IPO listing date is 01 July 2025. The IPO is to be listed on BSE and NSE. |
