Delhi headquartered Globe Civil Projects has submitted DRHP with SEBI for an IPO valued at 1.9 crore of fresh issues. This IPO does not have OFS (Offer for sale), hence all money directly goes to the company. Moreover, no promoters or other shareholders are quitting their positions. The company will use ā¹750 million from the net proceeds for working capital, while the rest of the funds shall be used for the companyās loan and internal funds.
- Deployments of Funds have already been decided
- 75 crore will be used for working capital
- 14.06 crore for the purchase of necessary equipment, machines,
- The rest of the funds are for other business expenses.
The companyās promoters’ names are Ved Prakash Khurana, Nipun Khurana; and, Vipul Khurana. According to Draft Red Herring Prospectus, NIpun Khurana holds 16,045,705 equity shares and Vipul Khurana holds 16,045,705, they both have larger shares in contrast to Ved Prakash Khurana(5,773,659 Equity Shares).
MEFCom Capital Markets is the book-running lead manager and KFin Technologies Ltd. is the registrar of the IPO.
Globe company financial background:
This company has 2,444.49 million total current assets present year 2024, while 1,968.57 and 1,698.64 For the previous year and 2022. Return on Equity ratio (ROE) ratio is 21.95% in FY 2024 and 8.09% in 2023. Furthermore,37 projects have been accomplished over 20 years and 12 projects are ongoing, wherein social, commercial, transport, and logistics. Dividends will be decided based on internal and external factors like capital needs, profits, cash flow, contracts, and growth plans. Moreover, a reputed clientele and a healthy order book are specialties of the company.
Globe Civil Projects IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Globe Civil Projects Company Financial Report
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ā¹286.78 | ā¹279.77 | ā¹5.20 |
| 2023 | ā¹235.17 | ā¹228.43 | ā¹4.85 |
| 2024 | ā¹334.81 | ā¹313.83 | ā¹15.38 |
Globe Civil Projects IPO Valuation – FY2024
Globe Civil Projects IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ā¹3.58 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 19.80% |
| Net Asset Value (NAV): | ā¹18.10 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| B L Kashyap and Sons Limited | 2.33 | 45.65 | 10.58 | 22.02 | 1,256.77 Cr. |
| Ceigall India Limited | 19.37 | 19.86 | 33.57 | 57.68 | 3,066.19 Cr. |
| PSP Projects Limited | 34.16 | 20.65 | 13.49 | 222.50 | 2,530.01 Cr. |
| Capacitāe Infraprojects Limited | 16.09 | 24.30 | 7.93 | 179.30 | 1,963.65 Cr. |
| Ahluwalia Contracts (India) Limited | 55.95 | 20.73 | 23.43 | 238.84 | 3,891.94 Cr. |
Objects of the Issue
- Funding working capital requirements of our Company;
- Funding capital expenditure requirements towards purchase of equipment/ machineries; and
- General corporate purposes
IPO Lead Managers aka Merchant Bankers
- Mefcom Capital Markets Ltd.
