Globe Civil Projects Ltd IPO: 10 Key Things to Know Before Investing

Globe Civil Projects Ltd has built a strong reputation for executing complex infrastructure projects like roads, bridges, flyovers, and sewerage systems, especially for government bodies and municipal corporations.

Having completed over 55 projects since inception, and with a robust order book of over ₹900 crore, the company is well-positioned to benefit from the government’s continued push toward infrastructure development. Its solid financials, with a FY24 EBITDA margin of 33.2% and a 3-year revenue CAGR of ~8%, make it an attractive option in the EPC sector. 

Here are the key details of the IPO:

• IPO dates: June 24th - 26th, 2025

   

• Listing date: July 1st, 2025

   

• Price band: ₹67 - ₹71 per share 

   

• Total issue size: ₹119 Cr

• Face value: ₹10 per share

• Listing Exchange: BSE, NSE

• Lot Size: 211 Shares

• Promoters: Ved Prakash Khurana, Nipun Khurana, and Vipul Khurana

The minimum investment required to apply for the Globe Civil Projects IPO is ₹14,137, based on the lot size of 211 shares at the lower price band of ₹67 per share. However, to maximise your chances of allotment, we recommend applying at the upper price band, which would require ₹14,981 (211 shares at ₹71 per share).

Founded in 2002 and now going public, Globe Civil Projects Ltd is a Delhi-based company focused on EPC (Engineering, Procurement, and Construction) contracts for civil infrastructure projects.

• Services: Roads, flyovers, bridges, sewerage systems, and municipal-level infrastructure. 

   

• Operations: Primarily caters to public sector and urban local bodies across multiple Indian states. 

   

• Order Book: ₹941 crore as of August 2023.

Their long-standing government partnerships and CPWD Class-I contractor status allow them to bid for large-scale public infrastructure projects. 

The primary objectives of the Globe Civil Projects IPO are: 

• Funding working capital requirements of the company 

   

• Capital expenditure towards the purchase of construction equipment/machinery 

   

• General corporate purposes

While the exact allocation details are not disclosed, a typical IPO structure would include:

• QIB Shares Offered (QIBs): Not less than 50% of the Issue

   

• Retail Shares Offered: Not more than 35% of the Issue

   

• NII (HNI) Shares Offered: Not more than 15% of the Issue 

Strengths: 

• Over 20 years of experience in executing large-scale infrastructure projects 

   

• FY24 revenue surged by 60%; PAT grew by 185% YoY 

   

• Robust ₹941 Cr order book ensuring future revenue visibility 

   

• Well-connected with reputed public sector clients and government bodies 

   

• CPWD Class-I contractor status adds credibility

Risks: 
 

• Heavy dependence on government projects - policy changes or budget delays could impact revenue

   

• Capital-intensive business with high working capital requirements

   

• Exposure to regulatory/environmental challenges

   

• Project execution risks due to site-level delays or pending approvals

   

• High client concentration may affect cash flow if any major project is delayed

The company has shown steady growth over the years (INR Cr): 

• Basis of allotment: June 27, 2025 

• Refund initiation: June 30, 2025 

• Shares credited to demat accounts: June 30, 2025 

• Listing date: July 1, 2025

Globe Civil Projects Ltd brings to the table a solid track record, healthy financial performance, and a secure future pipeline of government-backed projects. While the growth outlook is positive, the business is highly dependent on public sector spending and project execution efficiency.

Investors with a medium-to-long-term horizon and appetite for infrastructure sector exposure may find this IPO worth considering.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before investing.