Globe Civil Projects IPO

Globe Civil Projects IPO: Check IPO Date, Live Subscription and Key Details

Globe Civil Projects is an integrated engineering, procurement, and construction (EPC) company specializing in infrastructure and non-infrastructure projects. Their portfolio includes transport and logistics projects (e.g., roads, highways, expressways, bridges, flyovers, railway bridges), social and commercial projects (e.g., hospitals, educational institutions, commercial buildings, residential complexes), and specialized infrastructure like airport terminals and elevated railway terminals. The company also provides mechanical, electrical, and plumbing (MEP), architectural, and structural work.

Min Investment
₹14981
Price Range
₹67.00-71.00
Issue Size
₹119.00 Cr
IPO Type
Mainboard

Key Metrics

Check Live GMP

Face Value
₹10
EPS
3.97
P/E Ratio
17.88
RoNW
19.8%
ROE
21.95%
Debt to Equity
1.6

Timeline

IPO Opens

24 Jun

IPO Closes

26 Jun

Allotment

27 Jun

Listing

1 Jul

IPO Objectives

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

Strengths

  • Strong project management and execution capabilities, with a diversified portfolio spanning transport, social, commercial, and specialized infrastructure projects.
  • Growing order book, indicating future revenue visibility, and higher pre-qualification credentials (Class-1 Super contractor with CPWD for projects up to ₹650 crore).
  • Strong and consistent financial performance track record with significant revenue and profit growth over the past few years, demonstrating operational efficiency.
  • Experienced promoters and management team with extensive industry knowledge and a proven ability to handle complex projects.
  • Integrated EPC services, including mechanical, electrical, and plumbing (MEP), architectural, and structural work, providing comprehensive solutions to clients.

Weaknesses

  • Heavy reliance on government contracts for a significant portion of its revenue, making the business vulnerable to policy changes, budgetary allocations, and delays in government approvals and payments.
  • Working capital-intensive business, characterized by high trade receivables and inventory, which can strain liquidity and cash flow.
  • High debt-to-equity ratio (1.38 as of Dec 31, 2024), indicating reliance on borrowings for operations and potential impact on profitability due to interest expenses.
  • Intense competition in the civil construction and infrastructure sector from both large and small players, which could lead to pricing pressures and impact profitability.
  • Exposure to project execution risks, including delays, cost overruns, and unforeseen technical challenges, which could impact financial performance.
  • Reliance on a limited number of sub-contractors for specialized work, which could pose risks if these sub-contractors fail to perform as per requirements.

Financial Performance

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets (₹ Cr.)374.6317.83275.04229.79
Revenue (₹ Cr.)256.74334.81235.17286.78
PAT (₹ Cr.)17.7915.384.855.2
Net Worth (₹ Cr.)99.8377.6762.4457.45

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Globe Civil Projects3.9217.8821.9599.83
B.l.kashyap And Sons Ltd.2.853.273.3496
Ceigall India Limited2.3214.4616.04906

Subscription Details

Daily Bids Status

DateDay 1Day 2Day 3
QIB8.06x8.15x82.13x
NII8.17x21.32x143.05x
S-HNI8.33x28.01x149.99x
B-HNI8.04x17.38x136.80x
RII5.84x16.73x53.08x
Total6.97x15.26x80.66x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB33,52,11227,53,07,7361,954.68
NII25,14,08435,96,41,9042,553.46
Small NII8,38,02812,56,96,709892.45
Big NII16,76,05622,92,79,1411,627.88
RII58,66,19631,13,97,5982,210.92
Total1,17,32,39294,63,47,2386,719.07

Company Details

Registrar Details