📢 Globe Civil Projects IPO Opens June 24: Should You Invest?
Globe Civil Projects Limited IPO is all set to hit the Indian primary markets with a book-built issue of ₹119 crore. The IPO will open on June 24, 2025, and close on June 26, 2025. The issue consists of a complete fresh offering of 1.68 crore equity shares and will be listed on both BSE and NSE on July 1, 2025.
📌 Globe Civil Projects IPO Highlights
| IPO Open Date | June 24, 2025 |
|---|---|
| IPO Close Date | June 26, 2025 |
| Listing Date | July 1, 2025 |
| Issue Size | ₹119.00 Crore |
| Price Band | ₹67 to ₹71 per share |
| Lot Size | 211 shares |
| Minimum Investment | ₹14,981 |
| Listing Exchange | BSE, NSE |
🏢 About Globe Civil Projects Limited
Globe Civil Projects Ltd, founded in 2002 and headquartered in New Delhi, is a leading Engineering, Procurement, and Construction (EPC) company. With over 22 years of experience, the company has executed 37 infrastructure projects and is currently handling 12 ongoing projects across 11 states in India. Some of its noteworthy clients include Indian Institute of Management Noida and GTB Hospital New Delhi. The company is also a registered Class-I contractor with the Central Public Works Department (CPWD), which allows it to take up large-scale government infrastructure projects.
📈 Order Book & Business Segments
As of August 31, 2024, Globe Civil Projects has a robust order book of ₹892.94 crore spread across the following sectors:
- 🧱 6 Social and Commercial Infrastructure Projects
- 🚛 3 Transport & Logistics Projects
- 🏠 4 Housing Projects
- 🏢 1 Commercial Office Project
💰 Financial Performance Snapshot
The company has shown a solid improvement in its financial performance in the last few years, as seen in the table below:
| Period | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Total Assets (₹ Cr) |
|---|---|---|---|
| FY 2022 | 286.78 | 5.20 | 229.79 |
| FY 2023 | 235.17 | 4.85 | 275.04 |
| FY 2024 | 334.81 | 15.38 | 317.83 |
| 9M FY 2025 (Dec 2024) | 256.74 | 17.79 | 374.60 |
📊 Key Performance Indicators (FY2024)
- ROE: 21.95%
- ROCE: 23.07%
- Debt to Equity: 1.60
- EBITDA Margin: 13.44%
- PAT Margin: 4.59%
- Price to Book Value: 3.92
👨💼 Promoters & Shareholding
The promoters of Globe Civil Projects Ltd are Ved Prakash Khurana, Nipun Khurana, and Vipul Khurana. The promoter group held an 88.14% stake before the issue. The post-issue shareholding will dilute as new equity shares are issued.
📦 Objects of the Issue
- To fund working capital requirements - ₹75 Cr
- Capital expenditure for construction equipment/machinery - ₹14.26 Cr
- General corporate purposes
🤔 Should You Subscribe?
Based on its strong financials, healthy order book, and government-backed projects, the IPO seems well-positioned for long-term growth. Here are some reasons to consider investing in Globe Civil Projects IPO:
✅ Strengths
- 🛠️ Over 22 years of EPC experience in public infrastructure
- 📈 185% YoY rise in profit in FY2024
- 🏗️ Strong visibility with ₹893 Cr order book
- 🏢 Class-I CPWD contractor license
⚠️ Risks
- 🚨 High reliance on government contracts
- 💸 Working capital intensive operations
- 📄 Regulatory delays may affect execution timelines
Verdict: If you are a long-term investor looking for a company with strong execution capabilities and consistent financial growth in India’s booming infrastructure sector, then Globe Civil Projects IPO is worth considering.
🧮 IPO Lot Size & Investment Calculator
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 211 | 14,981 |
| Retail (Max) | 13 | 2,743 | 1,94,753 |
| S-HNI (Min) | 14 | 2,954 | 2,09,734 |
| B-HNI (Min) | 67 | 14,137 | 10,03,727 |
📅 Globe Civil Projects IPO Timeline
- IPO Opens: June 24, 2025
- IPO Closes: June 26, 2025
- Allotment Date: June 27, 2025
- Refund Initiation: June 30, 2025
- Demat Credit: June 30, 2025
- Listing Date: July 1, 2025
🔎 Final Thoughts
The Globe Civil Projects IPO brings together solid financial growth, a proven track record, and a strategic focus on India’s infrastructure sector. With a revenue jump of 42% and PAT growth of 217% from FY2023 to FY2024, the fundamentals look promising. Investors with a medium to long-term horizon may find this IPO an attractive addition to their portfolio.
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Disclaimer: This blog is for educational and informational purposes only. It does not constitute financial advice. Please consult a certified financial advisor before making any investment decisions.
