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IPO Analysis > globe-civil-projects-ipo-mainboard

 

Smart investors must know this before applying for the Globe Civil Projects IPO.

With an estimated GDP growth rate of 6.50%, India remains one of the fastest-growing economies. The construction sector is a major contributor to the national growth, with its estimated Gross Value Added to the national economy expected to reach 9.1%, which is ₹15.6 trillion by FY25.


Globe Civil Projects Limited, a major player in this industry, is expected to launch its IPO. The lead manager of the Globe Civil Projects IPO is Mefcom Capital Markets Limited. Moreover, the registrar of the issue is Kfin Technologies Limited.


Click here to access the detailed RHP.


Note: For 50% of the shares, the anchor lock-in period expires 30 days following the actual allocation, and for the remaining part, it ends 90 days later.

Globe Civil Projects IPO Review: Company Profile

The company profile of Globe includes the following milestones.


Particulars

Descriptions

Incorporation

2002

Industry

Engineering, Procurement, and Construction

Headquarters

New Delhi

Projects completed

37

Ongoing projects

13

States operating in

11 including Maharashtra, Uttar Pradesh, Rajasthan, Karnataka, etc.

Competitors

Larsen & Toubro Limited, GMR Airports Limited, NBCC (India) Limited.


To invest in the Globe Civil Projects IPO or the shares of its competitors, you need a demat account. Click here to explore the ultimate list of the top demat account brokers!

Exploring the Globe Civil Projects IPO Details

This section explores in detail the Globe Civil Projects IPO share price along with some other key metrics.

  • Globe Civil Project IPO Date

The Globe Civil Projects IPO is expected to fulfil its IPO journey based on the timeline given below.


Event Description

Scheduled Date

IPO Opens for Bidding

24 June 2025

Last Day to Apply for IPO

26 June 2025

UPI Approval Deadline

5 PM on 26 June 2025

Basis of Allotment Finalised

27 June 2025

Refunds Start (if applicable)

30 June 2025

Shares Credited to Demat Accounts

30 June 2025

Listing on the Stock Exchange

01 July 2025

Mandate Expiry Date

11 July 2025


  • Globe Civil Projects IPO size

The Globe Civil Projects IPO size is crucial information that investors cannot miss.


Particulars

Number of Equity Shares

Aggregate Value

Fresh Issue

16,760,560

₹119 crores

Offer for Sale

Not applicable

Not applicable

Overall Issue

16,760,560

₹119 crores


  • Objectives of the Globe Civil Projects IPO 

The proceeds of the IPO are set to be used in a particular manner. Understanding the allocation of IPO proceeds can aid optimal analysis.


Particulars

Estimated Amount (₹ in million)

Working capital needs

750

Purchase of new equipment

142.55

General Corporate Purposes

Not Disclosed 


  • Other takeaways from the Globe Civil Projects IPO

Some other details of the IPO, including the Globe Civil Projects IPO price, are discussed in this section.


Particulars

Description

Face value of each share

₹10

Price Range

₹67 to ₹71

Listed at

BSE and NSE


  • Categorisation of different investors

Along with the Globe Civil Projects IPO GMP, review, size, etc., the categorisation of investors and resultant category-specific policy is also an impactful insight.


Particulars

QIB

NIB

RIB

Allotment percentage

Maximum 50% of the issue

At least 15% of the issue left after QIB and RIB

At least 35% of the issue left after QIB and NIB

Minimum bid

₹2,00,000

₹2,00,000

Undisclosed

Maximum bid

Undisclosed

Undisclosed

₹2,00,000


Globe Civil Projects IPO details: Key Financials

The primary takeaways from the financial statements of the company are given in this section.


Particulars

2024 

(₹ in millions)

2023 

(₹ in millions

2022

(₹ in millions

Total Income

3,348.14

2,351.69

2,867.84

EBITDA

446.52

207.98

229.10

PAT

153.78

48.51

52.01

Operating Cashflow

41.99

(112.22)

74.10

EPS (Basic and Diluted in ₹)

3.58

1.13

1.21


  • Key Ratios of Globe Civil Projects IPO

The ratios give a comprehensive idea about the financial health of a company.


Particulars

2024 

2023

2022

EBITDA margin (%)

13.44

8.91

8.02

PAT Margins (%)

4.59

2.06

1.81

RoNW (%)

19.80

7.77

9.05

RoE (%)

21.95

8.09

9.76

RoCE (%)

23.07

12.59

15.78

Debt Equity Ratio

1.60

1.40

1.23

Net Working Capital

103

109

78

Net fixed asset turnover (days)

14.07

12.10

13.80


  • Comparing the PE Ratios with Competitors

Comparing the highest and lowest P/E ratios of the company with those in the industry can aid in optimal understanding.


Particulars

P/E Ratio (Globe)

Name of Competitor

P/E Ratio

Highest

29.57

BL Kashyap and Sons Limited

10

Lowest

12.88

Ceigall India Limited

5

Average

19.96



Globe Civil Projects IPO GMP

The day-wise GMP trend of the Globe Civil Projects IPO is discussed below.


Day

GMP (₹)

23 June 2025

₹15

22 June 2025

₹13

21 June 2025

₹13

Strengths and Risks

The advantages and risks related to the IPO are discussed below in detail.


Strengths


  • More than 20+ years of experience.

  • Consistent increase in revenue and profit.

  • Reputed client base including government and blue-chip companies.

  • Strong ongoing project pipeline.


Risks


  • A significant chunk of revenue from operations was derived from the Central Public Works Department in 2024, 2022 and 2023.

  • Delay, modification or cancellation of projects might endanger business.

  • Significant chink of projects is acquired through joint ventures. For instance, in 2024, four construction projects were undertaken through joint ventures.

Globe Civil Projects IPO: Hit or Miss?

The Globe Civil Projects IPO is about to hit the stock market. However, its performance in the stock market can be gauged only through its fundamentals and IPO metrics. Investors must understand the key IPO takeaways before investing.


If you think the Global Civil Projects IPO might be a hit, click here to apply!


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