Globe Civil Projects IPO
Globe Civil Projects IPO — date, price band, lot size & details 2025
Globe Civil Projects listed on 1 Jul 2025 at ₹90, 26.8% above the ₹71 issue price.
Globe Civil Projects is an integrated EPC company based in New Delhi that builds infrastructure and non-infrastructure projects. It had completed 37 projects and held an order book of Rs 892.95 crore on 31 August 2024.
Stock price
Globe Civil Projects is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 24 Jun 2025
- Close 26 Jun 2025
- Allotment 27 Jun 2025
- Refund/credit 30 Jun 2025
- Listing 01 Jul 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 24 to 26 Jun, 2025 |
|---|---|
| Price Band | ₹67 – ₹71 |
| Face Value | ₹10 |
| Lot Size | 211 Shares |
| Issue Size | ₹119 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,981 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 211 shares at the ₹71 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 235.17 crore in FY2023 to Rs 334.81 crore in FY2024.
- 02Profit after tax rose from Rs 4.85 crore in FY2023 to Rs 15.38 crore in FY2024 and was Rs 17.79 crore in the nine months to 31 December 2024.
- 03The order book covered 14 projects worth Rs 892.95 crore on 31 August 2024.
- 04Return on equity was 21.95% and return on capital employed was 23.07%.
- 05The P/E was 17.88 at the upper band of Rs 71, based on post-issue EPS of Rs 3.97.
Risks · 7
- 01The latest financials cover only the nine months to 31 December 2024, with total income of Rs 256.74 crore.
- 02Total borrowing of Rs 137.97 crore on 31 December 2024 was higher than net worth of Rs 99.83 crore.
- 03Debt to equity was 1.60 on the figures at the source.
- 04Total income fell from Rs 286.78 crore in FY2022 to Rs 235.17 crore in FY2023, so project income can swing.
- 05The PAT margin was low at 4.59%.
- 06Rs 75.00 crore of the Rs 119 crore issue was for working capital.
- 07Promoter holding fell from 88.14% before the issue to 63.43% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Globe Civil Projects offer document.
| Metric | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 374.60 | 317.83 | 275.04 | 229.79 |
| Total Income | 256.74 | 334.81 | 235.17 | 286.78 |
| Profit After Tax | 17.79 | 15.38 | 4.85 | 5.20 |
| EBITDA | 39.30 | 44.65 | 20.80 | 22.91 |
| NET Worth | 99.83 | 77.67 | 62.44 | 57.45 |
| Reserves and Surplus | 56.87 | 75.19 | 59.97 | 54.98 |
| Total Borrowing | 137.97 | 124.48 | 97.00 | 70.76 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Globe Civil Projects RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Globe Civil Projects IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹3.58 | ₹3.97 |
| P/E Ratio (x) | 19.83 | 17.88 |
| Market Cap at Offer Price (₹ Cr) | ₹352.82 | ₹318.16 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹71 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹118.81 Cr of the issue is earmarked to named objects.
Globe Civil Projects IPO Anchor Investors
6 anchor investors across 6 fund houses committed ₹35.70 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Chanakya Opportunities Fund I | Chanakya | 1,056,336 | 7.50 | 21.01% |
| Maybank Securities Pte.ltd.-Odi | Maybank | 845,069 | 6.00 | 16.81% |
| Benani Capital- Benani Capital Scheme 1 | Benani Capital | 845,069 | 6.00 | 16.81% |
| Steptrade Revolution Fund | Steptrade | 802,729 | 5.70 | 15.96% |
| Lords Multigrowth Fund | Lords Multigrowth | 774,647 | 5.50 | 15.41% |
| Compact Structure Fund | Compact Structure Fund | 704,318 | 5.00 | 14.01% |
| Total anchor allocation | 35.70 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The company has worked in 11 states, including Uttar Pradesh, Haryana, Delhi, Maharashtra and Karnataka. It had completed 37 projects and had 12 ongoing projects.
The order book on 31 August 2024 covered 14 projects worth Rs 892.95 crore. The company had 112 permanent employees on that date.
The IPO was a fresh issue of Rs 119 crore. Rs 75.00 crore was planned for working capital and Rs 14.26 crore for buying construction equipment.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Globe Civil Projects IPO Documents
Read the filings this page is built from.
Company contact
Frequently asked
What is the GMP of Globe Civil Projects?
The current Grey Market Premium is ₹25, or 35% over the issue price.
What is the Globe Civil Projects IPO price band?
₹67 to ₹71, on a face value of ₹10.
When is the allotment?
The basis of allotment is 27 June 2025, with listing on 1 July 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
