| Price | Lot Size | Issue Date | Issue Size |
|---|---|---|---|
| ₹ 67 to ₹ 71 | 211 | 24th Jun, 2025 – 26th Jun, 2025 | ₹119 Cr |
Globe Civil Projects Limited IPO
Incorporated on May 22, 2002 and headquartered in New Delhi, Global Civil Projects is an integrated engineering, procurement, and construction (EPC) company. Global Civil has executed projects across 11 states in India, focusing on the construction of infrastructure projects, including transport and logistics, Social and Commercial Facilities, as well as non-infrastructure projects such as railway bridges, airport terminals, elevated railway terminals, and hospitals. Additionally, the company is involved in trading goods, particularly TMT steel. The company’s construction project revenues are broadly classified into two categories: Infrastructure projects and Non-Infrastructure projects.
Infrastructure projects are further divided into:
(i) Transport & Logistics projects, which include roads, bridges, airport terminals, and railway
terminals;
(ii) Social and Commercial projects, which include educational institutions, sports infrastructure, and hospitals.
Non-infrastructure projects include:
(i) Commercial office buildings;
(ii) Housing projects.
The company also offers mechanical, electrical, and plumbing (MEP) services, as well as architectural and structural work, HVAC, firefighting, and fire alarm systems, which contribute to their construction project revenue. Over the last two decades, Global Civil Projects has completed 37 projects and currently has 13 ongoing projects, comprising 5 Social and Commercial Infrastructure projects, 3 transport and logistics projects, 4 Residential Building projects, and 1 Office Building project. The company has collaborated with several reputed clients and has been associated with marquee construction projects across India.
Objective of the Globe Civil Projects Limited IPO
The company proposes to utilize the net proceeds from the fresh issue towards funding the following
objects:
• Funding working capital requirements of the company;
• Funding capital expenditure requirements towards the purchase of equipment/machinery; and
• General corporate purposes
Rationale To Globe Civil Projects Limited IPO
Strong project management and execution capabilities a key trigger for future
performance
With a legacy of over two decades, the company has established a track record of successfully executing a diverse mix of construction projects. The company has completed 37 projects in the last two decades and has 13 ongoing projects for a diverse set of corporate, government, and other customers across various segments. The largest project by area completed by the company was the Academic and Administrative Block at AIIMS, Raipur, Chhattisgarh, with an area of 463,801.51 sq. ft. and a project cost of Rs. 1,813.47 million. Among the ongoing projects, the largest by area and value is the NIT Narela Campus, with an area of 688,908.57 sq. ft. and an estimated project cost of Rs. 3,270.00 million. Over the years, the company has leveraged its expertise and experience to deliver complex construction projects across various verticals and geographies, developing a brand with a
reputation for providing high-quality services with efficient execution and on-time delivery. The company’s goal is to use its project management and execution capabilities to accomplish projects on schedule while maintaining high construction quality. This is achieved by utilising the expertise of the company’s in-house engineering and design team, which possesses extensive knowledge and experience in various aspects of construction, including civil construction, electrical, and mechanical work. To ensure that construction activities meet the required standards and comply with contractual obligations, the company has designated quality system managers responsible for conducting regular inspections and tests at each project site. Over time, the company has developed capabilities to undertake challenging and diverse projects promptly, which is reflected in its track record of project execution and the growth in its order book.
Growing order book and higher pre-qualification credentials provide revenue visibility
The company’s order book reflects a healthy project pipeline and provides strong revenue visibility for the coming years. As of March 31, 2025, the company’s order book stood at Rs. 6,691.02 million, comprising thirteen ongoing projects across multiple segments, including five infrastructure projects (social and commercial), three infrastructure projects (transport and logistics), four noninfrastructure projects (housing), and one non-infrastructure project (commercial office). This diversification across sectors helps the company mitigate concentration risk and expand growth opportunities. Additionally, the company has received letters of intent for two more projects, further strengthening its project base. The company’s order book has demonstrated consistent strength over the years, with values of Rs. 9,808.56 million in FY24, Rs. 9,378.00 million in FY23, and Rs. 3,090.5 million in FY22. The book-to-bill ratio stood at 3.06 times as of December 31, 2024, and above 2.9 times in the last two fiscal years, indicating a steady balance between project execution and new order inflow. The company’s ability to secure large and prestigious projects is backed by its growing pre-qualification credentials, strong execution track record, and robust financial performance. This has enabled the company to access larger markets and maintain a healthy order book momentum. With a clear focus on adding quality projects that offer higher margins and potential brand value, the company is well-positioned to drive sustainable growth, expand its market presence, and enhance long-term shareholder value
Valuation of Globe Civil Projects Limited IPO
Global Civil Projects is an integrated engineering, procurement, and construction (EPC) company headquartered in New Delhi. The company has undertaken projects in 11 states across India, namely Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh,
Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. The company is engaged in the execution and construction of infrastructure projects, including transport and logistics projects, Social and Commercial projects, and non-infrastructure
projects such as railway bridges, airport terminals, elevated railway terminals, and hospitals. Additionally, the company undertakes trading of goods, particularly TMT steel. The company’s primary focus and strength lie in the construction of educational institution
buildings and railway infrastructure. Over time, the company has diversified into specialised infrastructure and non-infrastructure projects, including railway bridges, airport terminals, elevated railway terminals, and hospitals. The company is currently accredited as a Class I Super Contractor with the Central Public Works Department (CPWD), Government of India, and is pre-qualified to independently bid for single projects with a tender value of up to Rs. 650 crores. The EPC industry in which the company operates is highly competitive and fragmented, with numerous players competing for market share. Many of the company’s competitors have greater financial, marketing, sales, and operational resources. As the company expands into new geographic regions, it faces competition from both national players and strong regional entities. The company is well-positioned to capitalise on these opportunities through its technical expertise, execution track record, and strategic focus on high-growth areas. Financially, the company’s revenue from operations from construction project receipts has increased from Rs. 253.6 crores in FY22 to Rs. 293.3 crores in FY24, at a CAGR of 7.5%. Revenue from the trading of TMT steel has increased from Rs. 32.1 crores in FY22 to Rs. 38.90 crores in FY24, at a CAGR of 10.1%. Revenue for 9MFY25 stood at Rs. 256.7 crores. The company’s PAT has shown a strong upward trajectory, growing from Rs. 5.2 crores in FY22 to Rs. 15.4 crores in FY24, reflecting a CAGR of over 65%. This improvement is supported by stronger operating performance and improved margins. Importantly, in 9MFY25 alone, PAT has already reached Rs. 17.8 crores, surpassing the full-year FY24 figure. The issue is valued at a price-to-earnings (P/E) ratio of 12.8x on the upper price band, based on annualized FY25 earnings, which is relatively lower compared to its peers. Considering the above compelling factors, we recommend a “SUBSCRIBE” rating for this
issue.
What is the Globe Civil Projects Limited IPO?
The initial public offer (IPO) of Globe Civil Projects Limited offers an early investment opportunity in Globe Civil Projects Limited. A stock market investor can buy Globe Civil Projects IPO shares by applying in IPO before Globe Civil Projects Limited shares get listed at the stock exchanges. An investor could invest in Globe Civil Projects IPO for short term listing gain or a long term.
How to apply for the Globe Civil Projects Limited IPO through StoxBox?
To apply for the Globe Civil Projects Limited IPO through StoxBox one can apply from the website and also from the app. Click here
When will the Globe Civil Projects Limited IPO open?
Globe Civil Projects Limited IPO is opening on 24th Jun 2025. Apply Now
What is the lot size of the Globe Civil Projects Limited IPO?
The Lot Size of Globe Civil Projects Limited IPO is 211 equity shares. Login to your account now.
When is the Globe Civil Projects Limited allotment date?
The allotment Date for Globe Civil Projects Limited IPO is 27th Jun 2025. Login to your account now.
When is the Globe Civil Projects Limited IPO listing date?
The listing Date for Globe Civil Projects Limited IPO is 1st July 2025. Login to your account now
What is the minimum investment required for the Globe Civil Projects Limited IPO?
In the Retail segment the minimum investment required is Rs. 14,981. Login to your account now
What is the maximum investment allowed for the Globe Civil Projects Limited IPO?
In the Retail segment the maximum investment requirement is Rs. 1,94,753. Login to your account now
What are the risks associated with investing in the Globe Civil Projects Limited IPO?
- • For 9MFY25, and in FY24, FY23, and FY22, the company derived 10.1%, 29.8%, 57.5%, and 54.6%, respectively, of its revenue from
operations from the construction project receipts business segment associated with projects developed by the Central Public Works Department (CPWD), the company’s top customer. Any slowdown in project awards, inability to secure new projects from CPWD (whether due to reduced or discontinued project activity), failure to qualify or compete successfully for future projects, or the loss of any significant ongoing projects (due to restructuring, termination, or other factors) could adversely impact the company’s business, financial results, and overall financial condition. - As of March 31, 2025, the company’s consolidated order book stood at Rs. 6,691.02 million. However, projects included in the order book may face delays, modifications, cancellations, or may not be fully paid by clients due to factors beyond the company’s control. Such developments could have a material adverse impact on the company’s cash flows, revenues, and profitability.
- The company’s business and profitability are significantly dependent on the availability and cost of raw materials, which are
primarily sourced from third-party suppliers. Any disruption in the timely and adequate supply of raw materials or any volatility in their prices could adversely affect the company’s business, financial performance, and overall financial condition.
When will the Globe Civil Projects Limited IPO shares be credited to my Demat account?
The Globe Civil Projects Limited . IPO be credited to the account on allotment date which is 30th Jun 2025. Login to your account now
Where can I find the Globe Civil Projects Limited IPO prospectus?
The prospectus of Globe Civil Projects Limited IPO prospectus can be find on the website of SEBI, NSE and BSE
