As an investor, deciding whether the IPO is Good or Bad to invest in can often be challenging. If you are confused and worried about whether to Apply or Not the Globe Civil Projects IPO. Then worry not, here we are describing 10 important key points & an in-depth, detailed Globe Civil Projects IPO review which will help you to make the right decision.
Strengths and Weaknesses of Globe Civil Projects IPO
Strengths:
- The company has over 20 years of experience in completing a wide range of construction projects and has completed 37 projects in the last two decades, and has 12 ongoing projects.
- The company has achieved growth by building strong client relationships, efficient project execution, and strict quality control in the projects that it offers.
- The company has grown rapidly, all due to its incredible and experienced promoters, directors, and management team, who have around 19 years of experience in the construction industry.
- In the industry of EPC companies, the Order Book is one of the main indicators of future performance. In addition to growing its Order Book, the company’s goal is to add high-quality projects that will offer better margins or help build its reputation.
Weaknesses:
- So far for the FY24, 23, and 22, the company has mostly generated its revenue from operations that came from construction projects awarded by the Central Public Works Department (CPWD). If failed to get the new CPWD project, or the loss or cancellation of major projects, could lead to bad financial performance, cash flow, and overall poor condition.
- The company’s revenue and profits mostly depend on demand for construction services, and the need for projects in both infrastructure and non-infrastructure sectors in India. Failure to retain those projects or any drop in spending in these areas can badly affect the business and its financial growth.
- Some of the projects can be delayed, modified, or cancelled for many reasons that will be out of the company’s control, or not fully paid by our clients, which can easily harm our cash flow position, revenue, and profits.
Globe Civil Projects IPO Details
| IPO Size | ₹119 crores |
| Offer-for-sale | equity shares |
| Fresh issue | ₹119 crores |
| Price band | ₹67 to ₹71 |
| Subscription | June 24 to June 26, 2025 |
| Purpose of IPO | Fresh Issue and Offer-for-sale |
Globe Civil Projects IPO Open and closing date?
Globe Civil Projects IPO will be open for subscription on June 24, 2025, and will be closed for subscription on June 26, 2025.
What is the size of the Globe Civil Projects IPO?
The company planned to raise funds of around ₹119 crores via IPO. This IPO comprises a combination of a fresh issue of ₹119 crores with no Offer-for-sale component, with a face value of ₹10 each.
What are the subscription details of the Globe Civil Projects IPO?
The Globe Civil Projects IPO price range is set at ₹67 to ₹71 per share. In this IPO, a total of 211 shares were available in 1 lot size for the minimum Retail category, for the maximum retail category, 2743 shares in 13 lot sizes were available, and for the S-HNI Minimum category, 2,954 shares were available in 14 lot sizes. While for the B-HNI Minimum category,14,137 shares were available in 68 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,981 and maximum investment of ₹1,94,753.
- Small HNI (S-HNI): Minimum investment of ₹2,09,734.
- Big HSI (S-HNI): A minimum investment of ₹10,03,727 is required.
What is the Globe Civil Projects IPO listing Date?
Globe Civil Projects is a Mainboard IPO shares will be listed on July 1, 2025, on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
What are the objectives of the Globe Civil Projects IPO Issue?
The proceeds raised from the fresh issue will be utilized towards the working capital requirements of our Company. Some funds will be used for the requirements towards the purchase of equipment/machinery. Lastly, the remaining funds will be used for the company’s General corporate purposes.
About Globe Civil Projects
Globe Civil Projects Limited was established in 2002 as an integrated Engineering, Procurement, and Construction (EPC) company and has successfully completed many major projects across 11 states in India, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. Globe Civil Projects is also involved in the execution and construction of infrastructure projects that consist of transport and logistics, social and commercial buildings, and non-infrastructure projects as well. According to the DRHP, Globe Civil Projects Ltd has completed 37 projects, 12 ongoing projects, 5 social and commercial infrastructure projects, 3 Transport and Logistics projects, and 1 office building project. As of August 31, 2024, the company includes a team of 112 permanent employees.
Globe Civil Projects IPO Financials
The company reported revenue of ₹334.81 crore in 2024, up from ₹235.17 crore in 2023. The company reported a profit of ₹15.38 crores in 2024 against a profit of ₹4.85 crores in 2023.
Globe Civil Projects IPO Promoters
Ved Prakash Khurana, Nipun Khurana, and Vipul Khurana are the promoters of the company.
Who are the Globe Civil Projects IPO lead managers and registrar?
Mefcom Capital Markets Ltd is the lead manager of Globe Civil Projects, while KFin Technologies Limited is the registrar of the company.
Should you apply or not for the Globe Civil Projects IPO?
Whether you should apply or not for the Globe Civil Projects IPO depends mostly on your investment goals and your financial desires. With completed over 37 projects in the last 20 years, and is currently working on 12 ongoing projects, the company has showcased extreme growth in the company. As of March 31, 2024, 2023, and 2022, its Order Book stood at ₹980.86 crore, ₹937.80 crore, and ₹309.05 crore, respectively. If we talk about the company’s financials, in FY24, the company generated a revenue of ₹332.16 crore from operations, compared to FY22, it the revenue was ₹285.71 crore, showcasing a rise of 16.26%. Whereas, the (CAGR) grew by 7.82% and profit before tax grew by ₹20.99 crore in FY24.
If you are wondering whether you should apply or not for the Globe Civil Projects IPO, then it depends on your financial goals. If you are looking for long-term profits, then this IPO can be the one to invest in. However, we recommend first checking the company’s financial performance, its strengths, the company’s weaknesses, and market volatility, and applying for the IPO at your own risk. If you are stuck with any query, please feel free to reach out to IPOWatch. We will be happy to help you with solving any doubts or queries.
