Globe Civil Projects IPO

About Globe Civil Projects IPO

Globe Civil Projects IPO is a book building issue worth ₹119.00 crore. This IPO consists entirely of a fresh issue of 1.68 crore equity shares. The subscription window for the IPO opens on June 24, 2025, and will close on June 26, 2025. The allotment is expected to be finalised on June 27, 2025.

The company’s shares are proposed to be listed on both BSE and NSE, with a tentative listing date set for July 1, 2025. The price band for the IPO is fixed between ₹67 and ₹71 per share. For retail investors, the minimum application size is 211 shares, requiring an investment of ₹14,137.

However, to avoid the risk of oversubscription, it is advisable to bid at the cutoff price, which comes to approximately ₹14,981. For small non-institutional investors (sNII), the minimum application is 14 lots or 2,954 shares, costing ₹2,09,734. For big non-institutional investors (bNII), the minimum application size is 67 lots or 14,137 shares, which amounts to ₹10,03,727. Investors are advised to refer to the RHP for complete IPO details.

Industry Outlook

1. The construction sector contributed approximately ₹15.6 trillion to India’s GVA in FY 2025, forming 9.1% of the national GVA. This steady growth reflects robust infrastructure demand, which directly supports companies like Globe Civil Projects Limited in securing consistent project opportunities.

2. The construction sector is India's second-largest employer, with 71 million people employed in FY 2023, expected to cross 100 million by 2030. This growing workforce indicates increased project execution capabilities, which can benefit Globe Civil Projects Limited in expanding operations and meeting workforce needs.

3. Foreign Direct Investment in construction infrastructure surged from USD 1,703 million in FY 2022-23 to USD 4,232 million in FY 2023-24. Such rising FDI inflows show strong investor confidence, enhancing funding avenues and business potential for infrastructure players like Globe Civil Projects Limited.

Globe Civil Projects IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. The company plans to use part of the funds to meet its working capital needs, helping manage day-to-day operations more efficiently.
2. A portion of the proceeds will be used to purchase new equipment and machinery, aimed at improving project execution capacity.
3. The remaining funds will be allocated for general corporate purposes, supporting overall business growth and expansion.

About Globe Civil Projects Limited

Globe Civil Projects Limited is an integrated engineering, procurement, and construction (EPC) company based in New Delhi. The company has successfully executed projects across eleven states in India, including Uttar Pradesh, Maharashtra, Karnataka, Gujarat, and Delhi.

Its expertise spans infrastructure development in transport, logistics, social and commercial sectors, as well as non-infrastructure projects like housing and commercial offices. Initially focused on building educational institutions and railway infrastructure, Globe Civil Projects has expanded into specialised areas such as railway bridges, airport terminals, elevated stations, and hospitals.

The company also engages in trading goods, mainly TMT steel, alongside offering mechanical, electrical, plumbing (MEP), architectural, HVAC, and fire safety services. From Fiscal 2022 to Fiscal 2024, revenue from construction project receipts rose from ₹2,536.17 million to ₹2,932.67 million, growing at a CAGR of 7.53%.

Revenue from TMT steel trading increased from ₹320.92 million to ₹388.95 million in the same period, marking a CAGR of 10.09%. To date, Globe Civil Projects has completed 37 projects and is currently executing 13 projects across various sectors.

As of March 31, 2025, the company held an order book worth ₹6,691.02 million. It is registered as a Class-1 Super contractor with the Central Public Works Department, allowing it to bid for projects up to ₹6,500 million, enhancing its eligibility for high-value contracts and reducing competition in larger project segments.

How To Check the Allotment Status of Globe Civil Projects IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Globe Civil Projects IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Globe Civil Projects IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Globe Civil Projects IPO

Registered office: D-40, Okhla Industrial Area, Phase-I, New Delhi-110020, India

Phone: +91 11 46561560

E-mail: cs@globecivilprojects.com

Globe Civil Projects IPO Reservation

Globe Civil Projects IPO Lot Size

Globe Civil Projects IPO Promoter Holding

The company is promoted by Ved Prakash Khurana, Nipun Khurana, and Vipul Khurana.

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Key Performance Indicators for Globe Civil Projects IPO

Globe Civil Projects IPO Prospectus

• Globe Civil Projects IPO DRHP
• Globe Civil Projects IPO RHP

Globe Civil Projects IPO Registrar and Lead Managers

Globe Civil Projects IPO Lead Managers

• MEFCOM Capital Markets Limited

Registrar for Globe Civil Projects IPO

Kfin Technologies Limited

• Contact Number: 04067162222, 04079611000
• Email Address: ipo@kfintech.com

Globe Civil Projects IPO Registrar