Globe Civil Projects Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹71
Per ShareLot Size
211 Shares
Minimum Investment
₹14,981
Issue Size
₹119 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Globe Civil Projects Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
88.14%
Promoter Holding (Post-Issue)
63.41%
Issue Type
Book Building
ISIN
INE0V3U01015
About the Company
The Company is an integrated engineering, procurement and construction ("EPC") company headquartered in New Delhi. It is into execution and construction of infrastructure projects comprising of Transport & Logistics projects (which comprise of construction and/ or upgrades of roads and bridges, airport terminals and railway terminals) and Social and Commercial projects (which comprise of educational institutions, sports infrastructure and hospitals) and non-infrastructure projects comprising of commercial offices and housing. While its primary focus and strength had been deeply rooted in constructions of education institution buildings, it has diversified in undertaking specialized infrastructure and non-infrastructure projects, such as railway bridges, airport terminal, elevated railway terminal and railway bridges and hospitals.
Industry Overview
India's economy has exceeded expectations, registering an 8.2% growth in FY24. Construction sector is one of the major segments that drives an economy. A unit increase in expenditure in construction sector has a multiplier effect on other sectors with a capacity to generate income as high as five times in other sectors. Growth in the number of construction projects creates as well as strengthens the demand for a myriad range of products and services. These include project management services, EPC/EPCM services and architecture consulting services, to name a few. The competitive dynamics within the EPC industry are primarily shaped by substantial upfront capital investments and stringent technical norms established by contract awarding authorities, which restrict smaller players from entering large-scale projects.
Company History
Globe Civil Projects Limited was incorporated as "Globe Civil Projects Private Limited" at New Delhi, Delhi as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 22, 2002 issued by the Registrar of Companies, N.C.T. of Delhi and Haryana, New Delhi. Thereafter, the Company was converted to a public limited company, approved vide Shareholders' resolution dated February 22, 2024, pursuant to which the name of the Company was changed to "Globe Civil Projects Limited" and a fresh certificate of incorporation consequent upon change of name on conversion to public limited company was issued by the Registrar of Companies, Central Processing Centre, Gurgaon, Haryana dated June 4, 2024.
Products & Services
- The Company is an integrated engineering, procurement and construction ("EPC") company. The Company is into execution and construction of infrastructure projects.
Growth Strategy
- Focus on securing government infrastructure projects, specifically targeting the construction of educational institutions and hospital buildings.
- Further expand our geographical footprint.
- Continue to expand our pre-qualification capability and bid capacities.
- Continue to focus on timely delivery and quality execution capabilities.
- Continue to pursue strategic alliances.
Customer Base
wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of up to 16,760,560* equity shares of face value of Rs. 10/- each (equity shares) of Globe Civil Projects Limited (the company) for cash at a price of Rs. 71 per equity share (including a share premium of Rs. 61 per equity share) (issue price) aggregating up to Rs. 119.00 crores (the issue).
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Strong project management and execution capabilities.
- Growing Order Book and higher pre-qualification credentials.
- Strong and consistent financial performance.
- Experienced Promoters, Directors and management team.
- For the nine months period ended December 31, 2024 and in Fiscal 2024, Fiscal 2023 and Fiscal 2022, the company derived 10.10%, 29.77%, 57.48% and 54.62%, respectively, of its revenue from operations from construction project receipts business segment from projects developed by Central Public Works Department ("CPWD"), our top customer. Any slowdown or inability to win new project awards from CPWD (whether due to a slowdown or cessation in new projects being undertaken by such entities), an inability to qualify for and successfully compete for new projects or otherwise) or the loss of any of its current significant projects (whether due to restructuring or termination of such projects) could adversely affect its business, results of operations and financial condition.
- Its business and profitability are substantially dependent on the demand for construction services, change in budgetary allocation and the requirements for construction projects in the infrastructure and non-infrastructure sectors across India. During the nine months period ended December 31, 2024 and in Fiscal 2024, the Social & Commercial Infrastructure segment (Education institutions) contributed to 61.95% and 47.09%, respectively, of its revenue from operations (construction project receipts). Any reduction in the activity and expenditure levels in such sectors may adversely affect its business and prospects and may reduce the number of projects the company undertake and impede its growth.
- For the nine months ended December 31, 2024, the Company submitted successful bids for 11 projects but secured only one, reflecting a success rate of 9.09%, compared to 54.55% in FY24. Its revenues depends upon the award of new contracts and the timing of those awards. Additionally, the competitive bidding process, failures to meet pre-qualification criteria, and non-qualification due to technical issues may hamper its revenue. Consequently, the company results of operations and cash flows may be adversely affected or fluctuate materially from period to period.
- For the nine months period ended December 31, 2024 and in Fiscal 2024, Fiscal 2023 and Fiscal 2022, the company derived 3.14%, 11.71%, 14.92% and 11.23%, respectively, of its revenue from operations from trading of goods, primarily TMT steel. Any reduction in trading activity, changes in market demand, or fluctuations in the price of TMT steel may reduce its revenue from this segment and, consequently, impact its total revenue from operations.
- As of March 31, 2025, its Order Book, on a consolidated basis, was Rs. 6,691.02 million. Projects included in its Order Book may be delayed, modified or cancelled for reasons beyond its control, or not fully paid for by its clients, which could materially harm the company cash flow position, revenues or profits.