Globe Civil Projects IPO: ₹119 Crore IPO on June 24, Eyes Expansion and Equipment Upgrade
Globe Civil Projects Limited, a well-established player in the Engineering, Procurement, and Construction (EPC) space, is set to tap into the capital markets with an Initial Public Offering (IPO) opening on Tuesday, June 24, 2025. The company plans to raise up to ₹119 crore through a fresh issuance of equity shares to bolster its working capital reserves and support infrastructure expansion.
The book-built IPO will remain open until Thursday, June 26, 2025, and the equity shares are proposed to be listed on both the BSE and NSE, with a tentative listing date of Tuesday, July 1, 2025.
Globe Civil Projects IPO Structure and Pricing Details
Globe Civil Projects has set a price range of ₹67 to ₹71 per share, with a face value of ₹10 each. The public issue comprises 1,67,60,560 fresh equity shares, with no offer-for-sale component.
Retail participants can apply for a minimum of 211 shares, amounting to ₹14,981 at the upper price band. A single retail investor may bid for up to 13 lots or 2,743 shares, translating to a total application value of ₹1,94,753. The IPO allocation is structured with 35% reserved for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for Non-Institutional Investors (NIIs).
Operational Background and Financial Performance
Founded in 2002, Globe Civil Projects has built a strong reputation in executing diverse civil infrastructure assignments across 11 Indian states. The company has completed 37 projects to date and is currently handling 12 ongoing contracts. As of August 31, 2024, the firm reported a healthy order book of ₹892.94 crore.
From a financial standpoint, the company has shown robust momentum. For the nine-month period ending December 31, 2024, it reported revenues of ₹256.74 crore and net profit of ₹17.79 crore. In the preceding fiscal year ending March 31, 2024, it recorded ₹334.81 crore in revenue and ₹15.38 crore in net profit.
Globe Civil Projects IPO Objectives
The net proceeds from the IPO are planned to be deployed as follows:
- ₹75 crore will be allocated towards working capital needs,
- ₹14.26 crore is earmarked for capital expenditure, particularly for acquiring new construction machinery and tools,
- The remainder will support general corporate activities.
Promoter Shareholding and Registrar Details
Post-issue, the promoter shareholding is projected to reduce from 88.14%. The promoters include Ved Prakash Khurana, Nipun Khurana, and Vipul Khurana.
Globe Civil Projects IPO Important Dates:
- Opening Date: June 24, 2025
- Closing Date: June 26, 2025
- Basis of Allotment: June 27, 2025
- Demat Credit: June 30, 2025
- Tentative Listing: July 1, 2025
Kfin Technologies Limited has been appointed as the registrar for this IPO.
Disclaimer: This content is about intended solely for educational and informational purposes and should not be interpreted as financial or investment advice. The information presented is derived from publicly available sources and independent analysis; however, its accuracy or completeness is not guaranteed. Readers are encouraged to conduct their own due diligence and seek guidance from a professional financial advisor before making any investment decisions. Neither the author nor stoxmail.com assumes responsibility for any financial losses or investment actions taken based on this article.