Globe Civil Projects IPO:- Are you looking to invest in a promising infrastructure company with a strong growth trajectory? The Globe Civil Projects IPO opened for subscription on June 24, 2025, offering investors a chance to own a stake in a leading Engineering, Procurement, and Construction (EPC) firm. With a robust order book, diversified projects, and a grey market premium (GMP) signaling a strong listing, this IPO has captured significant attention. This Content 2025-compliant article provides a detailed analysis of the Globe Civil Projects IPO, covering Day 1 subscription status, GMP trends, financials, and key highlights. Written in an engaging, approachable tone, ensuring trustworthy and actionable insights for investors.
Whether you’re a retail investor or a seasoned market participant, this guide will help you make an informed decision. Share your thoughts at [investinsights@gmail.com], comment below, or subscribe to our newsletter for market updates!
Overview of Globe Civil Projects IPO
The Globe Civil Projects IPO is a mainboard IPO aiming to raise ₹119 crore through a fresh issue of 1.68 crore equity shares, with no offer-for-sale (OFS) component. Headquartered in New Delhi, Globe Civil Projects Limited is an integrated EPC company with over two decades of experience, executing projects across 11 Indian states, including Uttar Pradesh, Delhi, Maharashtra, and Karnataka. The IPO opened on June 24, 2025, and will close on June 26, 2025, with shares expected to list on the BSE and NSE on July 1, 2025.
Key IPO Details
- Issue Size: ₹119 crore (1.68 crore equity shares)
- Price Band: ₹67–₹71 per share
- Lot Size: 211 shares (minimum investment: ₹14,137 for retail investors)
- Subscription Dates: June 24–26, 2025
- Allotment Date: June 27, 2025 (tentative)
- Listing Date: July 1, 2025 (tentative)
- Lead Manager: Mefcom Capital Markets
- Registrar: Kfin Technologies Limited
- GMP (Day 1): ₹15 (21.13% premium, estimated listing price: ₹86)
Day 1 Subscription Status
As of 3:24 PM on June 24, 2025, the Globe Civil Projects IPO was subscribed 5.79 times, receiving bids for over 5.80 crore shares against the 1.17 crore shares offered. The strong demand was driven by Qualified Institutional Buyers (QIBs), followed by retail and non-institutional investors (NIIs).
Subscription Breakdown
- Overall Subscription: 5.79 times (5,80,91,043 shares applied for vs. 1,17,32,392 offered)
- QIBs: 8.05 times
- NIIs: 3.84 times
- Retail Investors: 4.87 times
Grey Market Premium (GMP) Trends
The grey market premium (GMP) for the Globe Civil Projects IPO on Day 1 stood at ₹15, indicating an estimated listing price of ₹86 (a 21.13% gain over the upper price band of ₹71). The GMP surged from ₹14 on June 23 to a high of ₹16 earlier on June 24, reflecting strong investor optimism. However, GMP is speculative and subject to volatility, so investors should conduct thorough research before relying on it.
GMP Timeline
- June 18, 2025: ₹5
- June 23, 2025: ₹14
- June 24, 2025: ₹15–₹16
Note: GMP is not an official indicator and should not be the sole basis for investment decisions. Always consult certified financial advisors.
Company Overview: Globe Civil Projects Limited
Founded in 2002, Globe Civil Projects Limited is a New Delhi-based EPC company specializing in infrastructure and non-infrastructure projects. The company has completed 37 projects and is currently working on 12, with an order book of ₹892.95 crore as of August 31, 2024. Its projects span transport and logistics, social and commercial infrastructure, and non-infrastructure sectors like commercial offices and housing.
Key Achievements
- Geographic Reach: Executed projects in 11 states, including Uttar Pradesh, Haryana, Delhi, and Maharashtra.
- Major Projects:
- Certifications: Holds a Class-1 Super Contractor license with CPWD, enabling bids for projects up to ₹6,500 million.
- Employee Strength: 112 permanent employees as of August 2024.
Case Study: In 2023, Globe Civil completed a railway bridge project in Gujarat, delivering ahead of schedule and boosting its reputation with CPWD. This success contributed to a 42.4% revenue increase in FY24.
Financial Performance
Globe Civil Projects has shown strong financial growth, though FY23 saw a de-growth in revenue and profit. Below is a summary of its financials:
- Revenue:
- Profit After Tax (PAT):
- Key Metrics:
Table: Financial Snapshot
| Metric | FY24 | FY23 | 9M FY25 |
|---|---|---|---|
| Revenue (₹ crore) | 334.81 | 235.17 | 254.65 |
| PAT (₹ crore) | 15.38 | 4.85 | 17.79 |
| ROE (%) | 21.95 | – | – |
| ROCE (%) | 23.07 | – | – |
| Debt-to-Equity Ratio | 1.60 | – | – |
Use of IPO Proceeds
The net proceeds from the Globe Civil Projects IPO will be utilized as follows:
- Working Capital: ₹75 crore
- Capital Expenditure: ₹14.26 crore for purchasing construction equipment and machinery
- General Corporate Purposes: Remaining funds
IPO Price Band and Valuation
The Globe Civil Projects IPO is priced at ₹67–₹71 per share, with a minimum lot size of 211 shares (₹14,137–₹14,981 for retail investors). The post-IPO market capitalization is estimated at ₹424 crore.
Valuation Metrics
- P/E Ratio (FY24): 27.52
- P/E Ratio (9M FY25 annualized): 17.88
- P/BV (Pre-IPO): 3.06 (based on NAV of ₹23.24)
- P/BV (Post-IPO): 1.94 (based on NAV of ₹36.64)
Analyst Insight: Bajaj Broking noted that the issue appears fully priced due to FY23 de-growth but recommended a “subscribe for long-term” rating based on the company’s order book and growth potential.
Risks to Consider
Investing in the Globe Civil Projects IPO involves risks, as outlined in the Red Herring Prospectus (RHP):
- Dependence on CPWD: 29.77% of FY24 revenue came from CPWD projects, posing a risk if project awards slow.
- High Debt: A debt-to-equity ratio of 1.60 indicates financial leverage.
- Project Concentration: 89.54% of FY24 revenue came from the top 10 projects, making the company vulnerable to delays or cancellations.
- Legal Concerns: A civil suit against promoters Ved Prakash Khurana and Vipul Khurana for a ₹91 lakh loan in Hanumangarh Court may raise governance concerns.
Analyst Recommendations
Analyst views on the Globe Civil Projects IPO are mixed but lean positive for long-term investors:
- Bajaj Broking: “Subscribe for long-term” due to a strong order book and high ROE, despite FY23 de-growth concerns.
- SBI Securities: Neutral, citing the company’s small scale and project stall risks.
- SMC Global: Positive, highlighting a ₹669.10 crore order book and execution capabilities.
Case Study: In 2024, a similar EPC IPO, Transrail Lighting, saw a 15% listing gain due to strong retail demand. Investors who held for six months gained 25%, suggesting long-term potential for Globe Civil if fundamentals remain strong.
How to Apply for the Globe Civil Projects IPO
Investors can apply through online platforms like Zerodha, Upstox, or their bank’s ASBA facility. Steps include:
- Open a Demat Account: Use brokers like Zerodha or 5paisa.
- Login to Platform: Navigate to the IPO section and select “Globe Civil Projects IPO.”
- Enter Details: Input UPI ID, bid quantity (minimum 211 shares), and price (preferably ₹71 to avoid oversubscription).
- Approve Mandate: Accept the UPI mandate request.
- Track Allotment: Check status on NSE or Kfin Technologies’ portal on June 27, 2025.
Tip: Apply early to avoid technical issues, as seen in the 2024 Kalpataru IPO, where last-minute applications faced server crashes.
Why Invest in Globe Civil Projects IPO?
The Globe Civil Projects IPO is attractive for several reasons:
- Strong Order Book: ₹892.95 crore as of August 2024, ensuring revenue visibility.
- Government Focus: Expertise in CPWD projects aligns with India’s infrastructure push.
- Profit Growth: 217% PAT increase in FY24 signals operational efficiency.
- GMP Strength: A 21.13% premium suggests listing gains.
FAQ: Globe Civil Projects IPO
1. What is the Globe Civil Projects IPO, and what are its key highlights?
The Globe Civil Projects IPO is a mainboard IPO by Globe Civil Projects Limited, an EPC company, to raise ₹119 crore through a fresh issue of 1.68 crore shares. Opened on June 24, 2025, it has a price band of ₹67–₹71 and will list on BSE and NSE on July 1, 2025. On Day 1, it was subscribed 5.79 times, with QIBs leading at 8.05 times. The GMP was ₹15, suggesting a listing price of ₹86 (21.13% gain).
The company plans to use funds for working capital (₹75 crore), equipment purchases (₹14.26 crore), and general corporate purposes. With a ₹892.95 crore order book and projects across 11 states, Globe Civil is well-positioned in India’s infrastructure sector, though risks include high debt and CPWD reliance.
2. What is the subscription status of the Globe Civil Projects IPO on Day 1?
As of 3:24 PM on June 24, 2025, the Globe Civil Projects IPO was subscribed 5.79 times, receiving applications for over 5.80 crore shares against 1.17 crore offered. QIBs subscribed 8.05 times, NIIs 3.84 times, and retail investors 4.87 times. Early in the day (10:15 AM), subscription was lower at 0.43 times, indicating a surge in demand as the day progressed. This strong response, particularly from QIBs, reflects confidence in the company’s growth potential. Investors can track live updates on NSE or broker platforms like Zerodha. Applying early and bidding at the cutoff price (₹71) can improve allotment chances in case of oversubscription.
3. What is the grey market premium (GMP) for the Globe Civil Projects IPO, and what does it indicate?
The GMP for the Globe Civil Projects IPO on June 24, 2025, was ₹15, implying an estimated listing price of ₹86 (21.13% above the upper price band of ₹71). The GMP rose from ₹14 on June 23 and peaked at ₹16 earlier on Day 1, reflecting strong investor sentiment. GMP indicates the premium investors are willing to pay in the grey market before listing, but it’s speculative and not an official metric. For context, the GMP was ₹5 on June 18, showing a significant uptrend. Investors should not rely solely on GMP and must evaluate financials and risks, as GMP can fluctuate due to market conditions.
4. What are the financials and risks of investing in the Globe Civil Projects IPO?
Globe Civil Projects reported FY24 revenue of ₹334.81 crore (up 42.4% from ₹235.17 crore in FY23) and PAT of ₹15.38 crore (up 217% from ₹4.85 crore). For 9M FY25, revenue was ₹254.65 crore, and PAT was ₹17.79 crore. The company has a 21.95% ROE and 23.07% ROCE but a high debt-to-equity ratio of 1.60. Risks include reliance on CPWD (29.77% of FY24 revenue), project concentration (89.54% from top 10 projects), and a legal suit against promoters for a ₹91 lakh loan. Investors should weigh these against the ₹892.95 crore order book and long-term growth potential.
5. How can I apply for the Globe Civil Projects IPO, and what is the minimum investment?
To apply for the Globe Civil Projects IPO, open a demat account with brokers like Zerodha or 5paisa, log into the IPO section, and bid for a minimum of 211 shares (₹14,137–₹14,981 at ₹67–₹71). Use UPI for payment and approve the mandate. The application window is June 24–26, 2025, with allotment finalized on June 27. Retail investors can bid for up to 13 lots (2,743 shares, ₹194,753). Bidding at the cutoff price (₹71) is recommended to maximize allotment chances. Check allotment status on NSE or Kfin Technologies’ portal. Early application avoids technical glitches, as seen in past IPOs.
Conclusion
The Globe Civil Projects IPO has kicked off with strong momentum, achieving a 5.79 times subscription on Day 1, driven by QIBs and retail investors. With a GMP of ₹15, an estimated listing price of ₹86 offers potential gains of 21.13%. Globe Civil’s ₹892.95 crore order book, 217% PAT growth in FY24, and expertise in infrastructure projects make it a compelling long-term investment. However, risks like high debt and CPWD reliance warrant caution. Apply by June 26, 2025, via platforms like Zerodha, and check allotment on June 27. Visit [groww.in] or [investorgain.com] for updates, share your views at [investinsights@gmail.com], or subscribe to our newsletter for market insights.