Globe Civil Projects IPO Description – Globe Civil Projects is an integrated engineering, procurement, and construction (EPC) company headquartered in New Delhi. The company executes and constructs infrastructure projects, including transport and logistics, social and commercial ventures, and non-infrastructure projects like commercial offices and housing. While the company has traditionally focused on constructing educational institution buildings and railway infrastructure, it has expanded into specialized infrastructure and non-infrastructure projects, such as railway bridges, airport terminals, elevated railway terminals, and hospitals.
Globe Civil Projects revenue from operations from construction project receipts has increased from INR 253.62 crore in Fiscal 2022 to INR 293.27 crore in Fiscal 2024 at a CAGR of 7.53%. Its revenue from trading of TMT steel has increased from INR 32.09 crore in Fiscal 2022 to INR 38.90 crore in Fiscal 2024 at a CAGR of 10.09%. Globe Civil Projects has completed 37 projects in the last two decades, and as of 31 March 2025, it has 13 ongoing projects, including five social and commercial infrastructure projects and three transport & logistics projects. Their order book was INR 669.10 crore as of 31 March 2025.
The company has undertaken projects in eleven states of India: Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh.
Promoters of Globe Civil Projects – Mr. Ved Prakash Khurana, Mr. Nipun Khurana, and Mr. Vipul Khurana
Table of Contents
Globe Civil Projects IPO Details
| Globe Civil Projects IPO Dates | 24 – 26 June 2025 |
| Globe Civil Projects Issue Price | INR 67 – 71 per share |
| Fresh issue | 1,67,60,560 shares (INR 112.3 – 119 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1,67,60,560 shares (INR 112.3 – 119 crore) |
| Minimum bid (lot size) | 211 shares (INR 14,981) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Globe Civil Projects Financial Performance
| FY 2022 | FY 2023 | FY 2024 | 9M FY 2025 | |
| Revenue | 285.71 | 233.35 | 332.16 | 254.66 |
| Expenses | 279.77 | 228.43 | 313.83 | 233.49 |
| Net income | 5.20 | 4.85 | 15.38 | 17.79 |
| Margin (%) | 1.82 | 2.08 | 4.63 | 6.99 |
Globe Civil Projects Offer News
- Globe Civil Projects RHP
- Globe Civil Projects DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Globe Civil Projects Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre-Issue) | FY 2025 (Post-Issue)* | |
| EPS | 1.21 | 1.13 | 3.58 | 3.97 |
| PE Ratio | – | – | 18.71 – 19.83 | 16.87 – 17.87 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 9.05 | 7.77 | 19.80 |
| NAV | 13.39 | 14.55 | 18.10 |
| ROCE (%) | 15.78 | 12.59 | 23.07 |
| EBITDA (%) | 8.02 | 8.91 | 13.44 |
| Debt/Equity | 1.23 | 1.40 | 1.60 |
Globe Civil Projects IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the working capital requirements of the company – INR 75 crore
- Funding capital expenditure requirements towards the purchase of equipment/machinery – INR 14.26 crore
- General corporate purposes
Globe Civil Projects IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 33,52,112 | 25,14,084 | 58,66,196 | 1,17,32,392 |
| 26 Jun 2025 | 99.76 | 143.14 | 53.71 | 86.03 |
| 25 Jun 2025 | 10.65 | 21.32 | 16.74 | 12.94 |
| 24 Jun 2025 | 8.06 | 8.16 | 5.83 | 6.97 |
50,28,168 shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
Globe Civil Projects IPO Dates & Listing Performance
| IPO Opening Date | 24 June 2025 |
| IPO Closing Date | 26 June 2025 |
| Finalization of Basis of Allotment | 27 June 2025 |
| Initiation of refunds | 30 June 2025 |
| Transfer of shares to demat accounts | 30 June 2025 |
| Globe Civil Projects IPO Listing Date | 1 July 2025 |
| Opening Price on NSE | INR 90 per share (up 26.76%) |
| Closing Price on NSE | INR 94.46 per share (up 33.04%) |
Globe Civil Projects Offer Lead Manager
MEFCOM CAPITAL MARKETS LIMITED
5th Floor, 77, Sanchi Building,
Nehru Place, New Delhi-110019, India
Phone: + 91 11 46500500
Email: [email protected]
Website: www.mefcomcap.in
Globe Civil Projects Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Globe Civil Projects Contact Details
GLOBE CIVIL PROJECTS LIMITED
D-40, Okhla Industrial Area,
Phase-I, New Delhi-110020, India
Phone: +91 11 46561560
Email: [email protected]
Website: www.globecivilprojects.com
Globe Civil Projects IPO FAQs
How many shares in Globe Civil Projects IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Globe Civil Projects Public Offer?
The best way to apply for Globe Civil Projects public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
There is a civil suit against Chairman Ved Prakash Khurana and Managing Director Vipul Khurana for a loan of INR 91,00,000, in Hanumangarh Court.
In spite of repeated requests to Ved Prakash Khurana and VIpul Khurana have not returned the LOAN taken from Late Maganlal Chandak of INR 45,50,000 TAKEN each by
VED PRAKASH KHURANA and VIPUL KHURANA,
Totaling INR 91,00,000 in 2022, WITH INTEREST.
Promoters have concealed the facts and It is not declared in DRHP of upcoming IPO.
There is a civil suit against Chairman Ved Prakash Khurana and Managing Director Vipul Khurana for a loan of INR 91,00,000, in Hanumangarh Court.
In spite of repeated requests to Ved Prakash Khurana and VIpul Khurana have not returned the LOAN taken from Late Maganlal Chandak of INR 45,50,000 TAKEN each by
VED PRAKASH KHURANA and VIPUL KHURANA,
Totaling INR 91,00,000 in 2022, WITH INTEREST.
Promoters have concealed the facts and It is not declared in DRHP of upcoming IPO.
There is a civil suit against Chairman Ved Prakash Khurana and Managing Director Vipul Khurana for a loan of INR 91,00,000, in Hanumangarh Court.
In spite of repeated requests to Ved Prakash Khurana and VIpul Khurana have not returned the LOAN taken from Late Maganlal Chandak of INR 45,50,000 TAKEN each by
VED PRAKASH KHURANA and VIPUL KHURANA,
Totaling INR 91,00,000 in 2022, WITH INTEREST.
Promoters have concealed the facts and It is not disclosed in the DRHP of upcoming IPO.