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.
Price Range
₹67.00-71.00
Issue Size
₹119 Cr
Lot Size
211 shares
IPO Type
Mainboard
GMP
₹27(+38.03%)
Est. Listing Price
₹98
Estimate Profit
₹5,697
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
3.97
P/E Ratio
17.88
RoNW
19.8%
ROE
21.95%
Debt to Equity
1.6
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Timeline
IPO Opens
24 Jun
IPO Closes
26 Jun
Allotment
27 Jun
Listing
1 Jul
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 24 June 2025 | Subscription starts |
| IPO Close Date | 26 June 2025 | Subscription ends |
| Allotment Date | 27 June 2025 | Allotment |
| Listing Date | 1 July 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,981 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,94,753 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,09,734 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,88,746 |
BHNIAbove ₹10,00,000 | 67 | ₹10,03,727 |
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.
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Financial Performance
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 374.6 | 317.83 | 275.04 | 229.79 |
| Revenue (₹ Cr.) | 256.74 | 334.81 | 235.17 | 286.78 |
| PAT (₹ Cr.) | 17.79 | 15.38 | 4.85 | 5.2 |
| Net Worth (₹ Cr.) | 99.83 | 77.67 | 62.44 | 57.45 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Globe Civil Projects | 3.92 | 17.88 | 21.95% | 99.83 |
| B.l.kashyap And Sons Ltd. | 2.8 | 53.27 | 3.3% | 496 |
| Ceigall India Limited | 2.32 | 14.46 | 16.04% | 906 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 8.06x | 8.15x | 82.13x |
| NII | 8.17x | 21.32x | 143.05x |
| S-HNI | 8.33x | 28.01x | 149.99x |
| B-HNI | 8.04x | 17.38x | 136.8x |
| RII | 5.84x | 16.73x | 53.08x |
| Total | 6.97x | 15.26x | 80.66x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 33,52,112 | 27,53,07,736 | 1,954.68 |
| NII | 25,14,084 | 35,96,41,904 | 2,553.46 |
| Small NII | 8,38,028 | 12,56,96,709 | 892.45 |
| Big NII | 16,76,056 | 22,92,79,141 | 1,627.88 |
| RII | 58,66,196 | 31,13,97,598 | 2,210.92 |
| Total | 1,17,32,392 | 94,63,47,238 | 6,719.07 |
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Company Details
- Globe Civil Projects Limited
- D-40, Okhla Industrial Area, Phase-I, Delhi, New Delhi-110020, India
- +91 11 46561560
- cs@globecivilprojects.com
- http://www.globecivilprojects.com/
Registrar Details
- Kfin Technologies Limited
- 04067162222, 04079611000
- gcpl.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/
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