Globe Civil Projects Limited is launching its Initial Public Offering (IPO) to raise funds for business expansion and working capital. The IPO comprises a fresh issue of 1.68 crore equity shares with a face value of Rs. 10 each. The total offer size aggregates up to Rs. 119 crore. The IPO opens for subscription on June 24, 2025, and closes on June 26, 2025. The shares will be listed on both the NSE and the BSE after the IPO concludes.
GMP of Globe Civil Projects Limited IPO
As of June 23rd, 2025, the shares of Globe Civil Projects Limited in the grey market were trading at an 18.31 percent premium. The shares in the Grey Market traded at Rs. 84. This gives it a premium of Rs. 13 per share over the cap price of Rs. 71. This IPO is a pure fresh issue with no offer-for-sale component.
Overview of Globe Civil Projects
Globe Civil Projects Limited was founded in 2002 and is an EPC (Engineering, Procurement, and Construction) company based in New Delhi. It takes on civil construction work across a wide range of sectors.
Over the years, the company has built a strong presence by executing projects in 11 Indian states, including major ones like Uttar Pradesh, Maharashtra, Delhi, and Gujarat. With experience in both infrastructure and non-infrastructure segments, the company has successfully completed 37 projects so far.
As of March 31, 2025, Globe Civil Projects has 12 ongoing projects and an order book worth Rs. 669.10 crore. These projects include transport, logistics, housing, and commercial buildings.
The company is currently handling 13 projects, 5 in social and commercial infrastructure, 3 in transport, 4 in housing, and 1 office space development. Supported by a team of 112 permanent employees, Globe Civil Projects continues to grow as a trusted civil construction partner across India.
Promoters of Globe Civil Projects
The promoters are Ved Prakash Khurana, Nipun Khurana, and Vipul Khurana. They bring significant experience in civil engineering and infrastructure development. Their leadership has enabled the company’s growth and project execution strength.
Lead Managers of Globe Civil Projects IPO
Mefcom Capital Markets Limited is acting as the Book Running Lead Manager. KFin Technologies Limited is the registrar managing investor applications and allotment.
Objectives of the IPO Offer
Globe Civil Projects Limited aims to use the IPO proceeds for three main purposes. The company will allocate Rs. 75 crore to meet its working capital needs. This will help support ongoing and upcoming projects efficiently.
Additionally, Rs. 14.26 crore will be used to purchase new construction equipment and machinery. The remaining funds will be used for general corporate purposes, supporting the company’s overall operations and future growth plans.
Financial Analysis of Globe Civil Projects
Globe Civil Projects Limited’s revenue has increased from Rs. 235.17 crore in FY23 to Rs. 334.81 crore in FY24, which represents a growth of 42.37 percent. The net profit has increased by 217.11 percent from Rs. 4.85 crore in FY23 to Rs. 15.38 crore in FY24.
Globe Civil Projects Limited’s revenue and net profit have grown at a CAGR of 8.05 percent and 71.98 percent, respectively, over the last two years. In the 9M FY25, the company earned revenue of Rs. 256.74 crore and a net profit of Rs. 17.79 crore.
Globe Civil Projects Limited vs Peers
Globe Civil Projects reported revenue of Rs. 334.81 crore in FY2024 with an EPS of Rs. 3.58 and RoNW of 19.80 percent. In comparison, PSP Projects Limited earned Rs. 2,530.01 crore with an EPS of Rs. 34.19 and RoNW of 13.49 percent. Ceigall India Limited reported Rs. 3,066.19 crore in revenue, Rs. 19.37 EPS, and a higher RoNW of 33.57 percent. The company also has other peers like B L Kashyap and Sons Limited, Ahluwalia Contracts (India) Limited, and Capacit’e Infraprojects Limited.
The company’s net asset value per share is Rs. 18.10, compared to Rs. 222.50 for PSP Projects, Rs. 179.30 for Capacit’e Infraprojects Limited, Rs. 238.84 for Ahluwalia Contracts (India) Limited, and Rs. 22.02 for B L Kashyap and Sons Limited.
Globe Civil Projects Limited Strengths and Weaknesses
Strengths:
- Experienced promoters with a track record in civil construction.
- Strong order book offering revenue visibility.
- Focus on government EPC projects ensures steady demand.
- Efficient asset-light model with joint venture partnerships.
- Moderate debt levels maintain financial discipline.
Weaknesses:
- High dependence on government contracts may delay cash flows.
- Project execution risk due to regional and regulatory issues.
- Limited geographical presence compared to larger peers.
- Rising raw material costs may pressure margins.
- IPO proceeds are used mainly for working capital, not growth assets.
Conclusion
Globe Civil Projects Limited IPO offers investors a chance to invest in a growing EPC contractor. The IPO is a fresh issue, with experienced promoters and expansion plans. Investors should review financials, sector trends, and market conditions before investing.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
