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Globe Civil Projects Ltd

Globe Civil Projects Ltd IPO Details

Listing Date

01 Jul 2025

Bid Price

₹67 - ₹71

Lot Size

211 Shares

Minimum Investment

₹14,981 / Lot

Issue Size

₹119 Crores

Schedule

    Here are the important dates you need to know in order to participate in this IPO

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Bidding starts

24th Jun

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Bidding ends

26th Jun

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Allotment of shares

27th Jun

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Initiation of refund

30th Jun

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Credit of shares to Demat account

30th Jun

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Listing date

1st Jul

About Globe Civil Projects Ltd IPO

Globe Civil Projects Limited, incorporated in 2002 and based in New Delhi, is an integrated Engineering, Procurement, and Construction (EPC) company. The company has executed projects across 11 Indian states and has completed 37 projects to date. As of August 31, 2024, Globe Civil Projects is handling 12 ongoing projects, including five social and commercial developments. Its order book, valued at ₹8,929.45 million, covers 14 projects across infrastructure and non-infrastructure categories. These include social, commercial, transport, logistics, housing, and office construction works.
 

The company operates in diverse sectors, with a strong foundation in educational infrastructure, while also undertaking specialised projects such as railway bridges, airport terminals, and hospitals. Its operations are supported by a team of 112 permanent employees. The business generates revenue primarily through construction project receipts and trading activities. This combination allows the company to maintain a presence across multiple sectors within the infrastructure and real estate space.

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 88.14% 63.41%
Public Group 11.86% 36.59%

Globe Civil Projects Ltd IPO Reservation

QIB Shares Offered 33,52,112 (20%)
NII (HNI) Shares Offered 25,14,084 (15%)
Retail Shares Offered 58,66,196 (35%)
Anchor Investor Shares Offered 50,28,168 (30%)
Total Shares Offered 1,67,60,560
Total Shares With Anchor Investor 1,67,60,560

Globe Civil Projects Ltd IPO Lot Size

Application 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
S HNI (Max) 66 13,926 ₹9,88,746
B HNI (MIN) 67 14,137 ₹10,03,727

Globe Civil Projects Ltd IPO Anchor Investor Details

Bid Date June 23, 2025

Globe Civil Projects Ltd IPO registrar

KFin Techologies Ltd
Phone Number +91 40 67162222
Email Id gcpl.ipo@kfintech.com
Website www.kfintech.com

Globe Civil Projects Ltd IPO Lead Manager

1. Mefcom Capital Markets Ltd

Globe Civil Projects Ltd Financial Information

March 31, 2025 March 31, 2024 March 31, 2023
Net Worth ₹106.27 cr ₹77.67 cr ₹62.44 cr
Reserves and Surplus ₹63.31 cr ₹75.19 cr ₹59.97 cr
Total Borrowing ₹148.24 cr ₹124.48 cr ₹97 cr

Globe Civil Projects Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 33,52,112 33,44,22,551 99.7647
Non Institutional Investors (NIIs) 25,14,084 35,98,88,774 143.1491
NII(Bid amount of more than Ten Lakh Rupees) 16,76,056 23,28,06,639 138.9015
NII(Bid amount of more than 2 Lakh < 10 Rupees) 8,38,028 12,70,82,135 151.6443
Retail Individual Investors (RIIs) 58,66,196 31,51,49,389 53.723
Total 1,17,32,392 1,00,94,60,714 86.0405

Strength of Globe Civil Projects Ltd

  • Strong project management and execution capabilities.
  • Growing Order Book and higher pre-qualification credentials.
  • Strong and consistent financial performance.
  • Experienced Promoters, Directors and management team.

Risks Involved

  • For the nine months period ended December 31, 2024 and in Fiscal 2024, Fiscal 2023 and Fiscal 2022, the company derived 10.10%, 29.77%, 57.48% and 54.62%, respectively, of its revenue from operations from construction project receipts business segment from projects developed by Central Public Works Department ("CPWD"), our top customer. Any slowdown or inability to win new project awards from CPWD (whether due to a slowdown or cessation in new projects being undertaken by such entities), an inability to qualify for and successfully compete for new projects or otherwise) or the loss of any of its current significant projects (whether due to restructuring or termination of such projects) could adversely affect its business, results of operations and financial condition.
  • Its business and profitability are substantially dependent on the demand for construction services, change in budgetary allocation and the requirements for construction projects in the infrastructure and non-infrastructure sectors across India. During the nine months period ended December 31, 2024 and in Fiscal 2024, the Social & Commercial Infrastructure segment (Education institutions) contributed to 61.95% and 47.09%, respectively, of its revenue from operations (construction project receipts). Any reduction in the activity and expenditure levels in such sectors may adversely affect its business and prospects and may reduce the number of projects the company undertake and impede its growth.
  • For the nine months ended December 31, 2024, the Company submitted successful bids for 11 projects but secured only one, reflecting a success rate of 9.09%, compared to 54.55% in FY24. Its revenues depends upon the award of new contracts and the timing of those awards. Additionally, the competitive bidding process, failures to meet pre-qualification criteria, and non-qualification due to technical issues may hamper its revenue. Consequently, the company results of operations and cash flows may be adversely affected or fluctuate materially from period to period.
  • For the nine months period ended December 31, 2024 and in Fiscal 2024, Fiscal 2023 and Fiscal 2022, the company derived 3.14%, 11.71%, 14.92% and 11.23%, respectively, of its revenue from operations from trading of goods, primarily TMT steel. Any reduction in trading activity, changes in market demand, or fluctuations in the price of TMT steel may reduce its revenue from this segment and, consequently, impact its total revenue from operations.
  • As of March 31, 2025, its Order Book, on a consolidated basis, was Rs. 6,691.02 million. Projects included in its Order Book may be delayed, modified or cancelled for reasons beyond its control, or not fully paid for by its clients, which could materially harm the company cash flow position, revenues or profits.
  • For the nine months period ended December 31, 2024 and for the Fiscal 2024, Fiscal 2023 and Fiscal 2022, its revenue from operations from projects undertaken under JVs contributed 36.40%, 33.36%, 28.98%, and 35.15%, respectively, amounting to Rs. 897.92 million, Rs. 978.44 million, Rs. 575.36 million, and Rs. 891.50 million, respectively. The failures of a JV counterparty or consortium member to perform its obligations could impose additional financial and performance obligations resulting in reduced profits or, in some cases, significant losses, and it may adversely affect its business, results of operations and financial condition.
  • For the nine months period ended December 31, 2024 and for the Fiscal 2024, Fiscal 2023 and Fiscal 2022, its % contribution to revenue from operations (construction project receipts) from its top ten projects was 98.33%, 89.54%, 92.82% and 99.13%, respectively. Further, the Company's revenue from operations (construction project receipts) stood concentrated in the top 10 ongoing projects out of the total ongoing projects during the Fiscals 2024, 2023 and 2022. As on March 31, 2025, there were 13 ongoing projects. Any delay or loss of any of these projects could adversely affect its business, cash flow position, results of operations and financial condition.
  • Its business and profitability are substantially dependent on the availability and cost of its raw materials, and the company is dependent on third party suppliers for meeting its raw material requirements. Any disruption to the timely and adequate supply, or volatility in the prices of, raw materials may adversely impact its business, results of operations and financial condition.
  • The company is increasingly dependent on sub-contractors for workforce, materials, and specialized work. Subcontractor costs were 35.14% in FY23, 44.57% in FY24, and 54.65% for the nine months ended December 31, 2024-reflecting a rising trend. Its business in manpower intensive, and the company is dependent on an adequate supply and availability of contract labour engaged by its sub-contractors at the company project locations. Any unavailability or shortage of such supply of contract labour for its project sites could adversely affect its operations.
  • The determination of the Price Band is based on various factors and assumptions and the Issue Price of the Equity Shares, market capitalization and price to earnings ratio based on the Issue Price of the Equity Shares, may not be indicative of the market price of the Company on listing or thereafter and, as a result, you may lose a significant part or all of your investment.
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Industry Outlook of Globe Civil Projects IPO

  • India’s economy grew by 8.2% in FY24, surpassing prior estimates.

  • The construction sector plays a significant role in supporting economic activity.

  • Investment in construction has a multiplier impact, potentially generating up to five times more income in other sectors.

  • An increase in construction projects boosts demand across various allied industries.

  • This includes services such as project management, EPC (Engineering, Procurement and Construction)/EPCM (Engineering, Procurement, Construction and Management), and architectural consulting.

  • The expansion of construction activity contributes to the growth of these support services by broadening their market opportunities.

  • The EPC sector is influenced by large capital requirements and strict technical standards.

  • These factors make it challenging for smaller firms to participate in larger projects.

  • Contract awarding authorities typically set high benchmarks, which shape the competitive landscape of the EPC industry.


 Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Globe Civil Projects IPO.

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Frequently Asked Questions

What is Globe Civil Projects Ltd IPO?

Answer Field

Globe Civil Projects Ltd IPO is a Mainboard IPO of 1,67,60,560 equity shares of a face value of ₹10 aggregating up to ₹119 Crores. The issue is priced at ₹67 to ₹71 per share. The minimum order quantity is 211 Shares. The IPO opens on June 24, 2025, and closes on June 26, 2025. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Globe Civil Projects Ltd IPO will open?

Answer Field

The Globe Civil Projects Ltd IPO opens on June 24, 2025 and closes on June 26, 2025.

What is the lot size of Globe Civil Projects Ltd?

Answer Field

Globe Civil Projects Ltd lot size is 211 shares, and the minimum amount required is ₹14,981.

How to apply for Globe Civil Projects Ltd IPO?

Answer Field

You can apply in Globe Civil Projects Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Globe Civil Projects Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Globe Civil Projects Ltd IPO will be done on June 27, 2025, and the allotted shares will be credited to your demat account by June 30, 2025.

When is Globe Civil Projects Ltd IPO listing date?

Answer Field

The Globe Civil Projects Ltd listing date is July 01, 2025.

Who is the registrar of Globe Civil Projects Ltd IPO?

Answer Field

The registrar of Globe Civil Projects Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Mefcom Capital Markets Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Globe Civil Projects Ltd IPO?

Answer Field

The fresh issue size is ₹119 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Globe Civil Projects Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 211 shares and ₹14,981 amount.

How can I approve the UPI mandate request for Globe Civil Projects Ltd IPO?

Answer Field

To apply for Globe Civil Projects Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Globe Civil Projects Ltd?

Answer Field

The price of each Globe Civil Projects Ltd share will be ranging in between ₹67 to ₹71 per share.

What is the cut-off time for the UPI mandate for Globe Civil Projects Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, June 26, 2025.

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