Are you looking to invest in an IPO from a strong EPC player with an impressive order book? Globe Civil Projects Limited is coming up with its IPO and investors are keen to know if this is a good opportunity. In this article, we will do a comprehensive Globe Civil Projects IPO Review and Analysis covering key details, strengths, risks, GMP, financials, and our final conclusion on whether to subscribe or avoid.
About Globe Civil Projects Limited
Incorporated in 2002, Globe Civil Projects Limited is a New Delhi-based integrated Engineering, Procurement, and Construction (EPC) company. It operates across 11 states in India and has executed over 37 projects, with 12 more ongoing. The company’s projects span social and commercial infrastructure, transport and logistics, and housing.
Its order book stood at ₹8,929 million (approx. ₹892.9 crores) as of August 31, 2024. With 112 permanent employees, the company is steadily growing its presence in the Indian infrastructure segment.
Competitive Strengths
- Proven track record with completion of 37 projects across India.
- Strong order book offering revenue visibility.
- Diversified project portfolio including housing, transport, and commercial segments.
- Experienced promoters and management team.
- Focus on government and institutional clients, reducing credit risk.
Globe Civil Projects IPO Issue Details
| IPO Date | June 24, 2025 to June 26, 2025 |
| Listing Date | July 1, 2025 (Tentative) |
| IPO Price Band | ₹67 to ₹71 per share |
| Face Value | ₹10 per share |
| Lot Size | 211 shares |
| Minimum Investment | ₹14,981 (for 1 lot) |
| IPO Size | ₹119 Crores |
| Fresh Issue | 1.68 Crore Shares |
| Listing At | BSE, NSE |
| Book Built Issue | Yes |
Objects of the Issue
The IPO proceeds will be used for:
- Funding working capital requirements – ₹75 Cr
- Capital expenditure for machinery purchase – ₹14.26 Cr
- General corporate purposes
Financials of the Company
| Financial Year | Revenue (₹ Cr) | PAT (₹ Cr) | EBITDA (₹ Cr) | Net Worth (₹ Cr) |
|---|---|---|---|---|
| FY22 | 286.78 | 5.20 | 22.91 | 57.45 |
| FY23 | 235.17 | 4.85 | 20.80 | 62.44 |
| FY24 | 334.81 | 15.38 | 44.65 | 77.67 |
| 9M FY25 | 256.74 | 17.79 | 39.30 | 99.83 |
The company has demonstrated strong EBITDA and PAT growth, especially in FY24 and 9MFY25. The debt-equity ratio is 1.60, which is reasonable for EPC firms.
Valuation and Peer Comparison
| Particulars | EPS (₹) | P/E (x) | RoNW (%) | Price to Book (x) |
|---|---|---|---|---|
| Pre-IPO | 3.58 | 19.83 | 19.8 | 3.92 |
| Post-IPO | 3.97 | 17.88 | 21.95 | ~3.5 (Est.) |
Compared to industry players in the EPC and infrastructure segment, the valuation looks reasonable.
Reasons to Invest in Globe Civil Projects IPO
- Robust order book of ₹892.9 Cr providing good revenue visibility
- Consistent profitability with improving margins
- Expansion plans with focus on machinery and execution capability
- Reasonable P/E valuation
- Operates in high-growth EPC and infra segment
Risk Factors
- Highly dependent on government contracts
- Working capital intensive business
- Revenue fluctuations due to project execution timelines
- Moderate debt level (Debt/Equity: 1.6)
- Competitive and low-margin industry
Globe Civil Projects IPO GMP (Grey Market Premium)
As of latest reports, the GMP for Globe Civil Projects IPO is around ₹7-10 per share. This indicates moderate investor interest in the grey market.
How to Apply for Globe Civil Projects IPO?
You can apply via:
- UPI through broker apps (Zerodha, Groww, Upstox, etc.)
- Net banking ASBA (SBI, HDFC, ICICI, etc.)
Should You Invest in Globe Civil Projects IPO or Avoid?
Globe Civil Projects IPO offers a compelling opportunity in the EPC segment backed by strong financials, healthy order book, and experienced promoters. Though it faces typical industry risks, its valuation appears reasonable, and growth prospects are promising.
Investors with moderate to high risk appetite can consider subscribing to this IPO for medium to long-term gains.
FAQs about Globe Civil Projects IPO
- What is the Globe Civil Projects IPO Date?
The IPO opens on June 24, 2025 and closes on June 26, 2025. - What is the price band of Globe Civil Projects IPO?
The price band is set at ₹67 to ₹71 per share. - What is the lot size and minimum investment?
The lot size is 211 shares and minimum investment is ₹14,981. - What are the IPO objectives?
To fund working capital, purchase construction equipment, and for general corporate purposes. - Is there a GMP for Globe Civil Projects IPO?
Yes, the grey market premium is approximately ₹7-10 per share. - Where will the shares be listed?
Shares will be listed on both BSE and NSE. - What is the total size of the IPO?
The IPO size is approximately ₹119 crores, entirely a fresh issue.
Disclaimer: This IPO analysis is for information only. Please consult your financial advisor before investing.
Discover more from Myinvestmentideas.com
Subscribe to get the latest posts sent to your email.