Globe Civil Projects IPO
Bookbuilding IPO | ₹119.00 Cr | Listing at BSE, NSE
IPO Open
Tue, Jun 24, 2025
IPO Close
Thu, Jun 26, 2025
Price Band
₹67.00 to ₹71.00
Market Cap (Pre-IPO)
₹424.00 Cr
IPO Details
| IPO Date | Jun 24, 2025 to Jun 26, 2025 |
| Listing Date | Tentative: Jul 01, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹67.00 to ₹71.00 |
| Lot Size | 211 Shares (Minimum: ₹14,981.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹119.00 Crores |
| Total Shares Offered | 16,760,560 shares |
| Offer For Sale | 16,760,560 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 82.13x |
| NII | 143.14x |
| RII | 53.67x |
| Total | 80.97x |
Globe Civil Projects IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 83,80,280 (50.00%) |
| Retail Shares Offered | 58,66,196 (35.00%) |
| NII Shares Offered | 25,14,084 (15.00%) |
Globe Civil Projects IPO Lot Size
Investors can bid for a minimum of 211 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 211 | ₹14,981 |
| Retail (Max) | 13 | 2,743 | ₹194,753 |
| S-HNI (Min) | 14 | 2,954 | ₹209,734 |
| S-HNI (Max) | 66 | 13,926 | ₹988,746 |
| B-HNI (Min) | 67 | 14,137 | ₹1,003,727 |
Globe Civil Projects Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 374.60 | 317.83 | 229.79 |
| Total Income | 256.74 | 334.81 | 286.78 |
| Profit After Tax | 17.79 | 15.38 | 5.20 |
| EBITDA | 39.30 | 44.65 | 22.91 |
| NET Worth | 99.83 | 77.67 | 57.45 |
| Reserves and Surplus | 56.87 | 75.19 | 54.98 |
| Total Borrowing | 137.97 | 124.48 | 70.76 |
Amount in ₹ Cr
Key Performance Indicators
| KPI | Values |
|---|---|
| ROE (Return on Equity) | 21.95% |
| ROCE (Return on Capital Employed) | 23.07% |
| Debt/Equity | 1.60 |
| RoNW (Return on Net Worth) | 19.80% |
| PAT Margin (Profit After Tax Margin) | 4.59% |
| EBITDA Margin | 13.44% |
| Price to Book Value | 3.92 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.58 | 3.97 |
| P/E (x) | 19.83 | 17.88 |
| Promoter Holding | 88.14% | 63.43% |
Company Promoters
- Ved Prakash Khurana
- Nipun Khurana
- and Vipul Khurana are the company promoters.
Company Overview
Incorporated in 2002, Globe Civil Projects Limited is an integrated Engineering, Procurement, and Construction (EPC) company headquartered in New Delhi.
The company has successfully executed projects across 11 states in India, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh.
Globe Civil Projects Limited has completed 37 projects. Currently, the company is working on 12 ongoing projects, including five social and commercial projects.
As of August 31, 2024, the company's order book stands at ₹8,929.45 million, covering 14 projects:
- 6 Infrastructure - Social and Commercial projects
- 3 Infrastructure - Transport and Logistics projects
- 4 Non-Infrastructure - Housing projects
- 1 Non-Infrastructure - Commercial Office project
Globe Civil Projects Limited has a team of 112 permanent employees as of August 31, 2024.
Use of Proceeds
| 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. | 17.13 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Globe Civil Projects IPO Peer Comparison
Globe Civil Projects peer comparison with similar listed entities. (As on March 28, 2024)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Globe Civil Projects Limited | 3.58 | 3.58 | 18.10 | - | 19.80 | - | Consolidated |
| B.l.kashyap And Sons Ltd. | 2.33 | 2.33 | 22.02 | 29.57 | 10.58 | 3.09 | Consolidated |
| Ceigall India Limited | 19.37 | 19.37 | 57.68 | 12.88 | 33.57 | - | Consolidated |
| Psp Projects Ltd | 34.16 | 34.16 | 222.50 | 20.38 | 13.49 | 3.09 | Consolidated |
| Capacite Infraprojects Ltd | 16.09 | 16.09 | 179.30 | 20.56 | 7.93 | 1.46 | Consolidated |
| Ahluwalia Contracts (india) Ltd. | 55.95 | 55.95 | 238.84 | 16.41 | 23.43 | 4.28 | Consolidated |
Quick Info
| Sector | e Construction, Contracting & Engineering (EPC) |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹424.00 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jun 24, 2025 |
| IPO Close | Jun 26, 2025 |
| Allotment Date | Jun 27, 2025 |
| Credit to Demat | Jun 30, 2025 |
| Listing Date | Tentative: Jul 01, 2025 |
Lead Manager(s)
Mefcom Capital Markets Ltd.
Registrar
Description
- Globe Civil Projects IPO is a book build issue of ₹119.00 crores. The issue is entirely a fresh issue of 1.68 crore shares of ₹119.00 crore.
- Globe Civil Projects IPO bidding started from Jun 24, 2025 and ended on Jun 26, 2025. The allotment for Globe Civil Projects IPO was finalized on Jun 27, 2025. The shares got listed on BSE, NSE on Jul 1, 2025.
- Globe Civil Projects IPO price band is set at ₹71.00 per share . The lot size for an application is 211. The minimum amount of investment required by an retail is ₹14,981 (211 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,954 shares), amounting to ₹2,09,734, and for bNII, it is 67 lots (14,137 shares), amounting to ₹10,03,727.