Globe Civil Projects Limited IPO
Incorporated: May 22, 2002 (Delhi); converted to public co. in Feb 2024
Headquarters: New Delhi
Nature of Business: EPC – engi
...
- Transport & Logistics (railway bridges, airport terminals),
- Social & Commercial Infrastructure (schools, hospitals, offices),
- Non‑Infrastructure Projects (residential/housing).
Completed 37 projects; order book ~₹893 crore as of Aug 2024
IPO Timeline
-
24 Jun 2025Bidding Starts
-
26 Jun 2025Bidding Ends
-
27 Jun 2025Allotment Finalization
-
30 Jun 2025Refund Date
-
30 Jun 2025Demat Date
-
01 Jul 2025Listing Date
Globe Civil Projects Limited IPO Financial Result in crore
| Year | Asset | Revenue | Profit |
|---|---|---|---|
| 31 Mar 2022 | 229.79 Cr | 286.78 Cr | 5.20 Cr |
| 31 Mar 2023 | 275.04 Cr | 235.17 Cr | 4.85 Cr |
| 31 Mar 2024 | 317.83 Cr | 334.81 Cr | 15.38 Cr |
| 31 Dec 2024 | 374.60 Cr | 256.74 Cr | 17.79 Cr |
About Globe Civil Projects Limited IPO
Globe Civil Projects Limited is an integrated engineering, procurement, and construction (EPC) company based in New Delhi. The company has successfully executed projects across eleven states in Ind ...
Its expertise spans infrastructure development in transport, logistics, social and commercial sectors, as well as non-infrastructure projects like housing and commercial offices. Initially focused on building educational institutions and railway infrastructure, Globe Civil Projects has expanded into specialised areas such as railway bridges, airport terminals, elevated stations, and hospitals.
The company also engages in trading goods, mainly TMT steel, alongside offering mechanical, electrical, plumbing (MEP), architectural, HVAC, and fire safety services. From Fiscal 2022 to Fiscal 2024, revenue from construction project receipts rose from ₹2,536.17 million to ₹2,932.67 million, growing at a CAGR of 7.53%.
Revenue from TMT steel trading increased from ₹320.92 million to ₹388.95 million in the same period, marking a CAGR of 10.09%. To date, Globe Civil Projects has completed 37 projects and is currently executing 13 projects across various sectors.
As of March 31, 2025, the company held an order book worth ₹6,691.02 million. It is registered as a Class-1 Super contractor with the Central Public Works Department, allowing it to bid for projects up to ₹6,500 million, enhancing its eligibility for high-value contracts and reducing competition in larger project segments.
Read more
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The company plans to use part of the funds to meet its working capital needs, helping manage day-to-day operations more efficiently.
- A portion of the proceeds will be used to purchase new equipment and machinery, aimed at improving project execution capacity.
- The remaining funds will be allocated for general corporate purposes, supporting overall business growth and expansion.
Promoters:
- Ved Prakash Khurana (Chairman & WTD)
- Nipun Khurana (MD)
- Vipul Khurana (MD)
As per draft RHP, they collectively hold ~88.14%, with ~11.86% held by public and institutional investors
FAQs
When can I apply?
Subscriptions open June 24 and close June 26, 2025.
How many shares can I buy?
Minimum 211 shares (₹14,981); Retail max 13 lots or 2,743 shares (₹194,753).
When will shares be allotted and credited?
Allotment: June 27; Credits/refunds: June 30; Listing: July 1, 2025.
Who is managing the IPO?
Book‐Running Lead Manager: Mefcom Capital Markets Registrar: KFin Technologies
Who are the promoters?
Ved Prakash, Nipun and Vipul Khurana – managing directors and founders.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, InvestExpert Academy does not take any liability for the genuineness and correctness of the information in this article.
