Globe Civil Projects Limited has started its Initial Public Offering (IPO) on June 24, 2025, aiming to raise ₹119 crore through a new issue of shares. The IPO is set to be listed on both BSE and NSE, with a tentative date of July 1, 2025. The funds raised will be allocated for working capital needs, capital expenditures, and general corporate purposes.
The subscription period for the Globe Civil Projects Limited IPO runs from June 24 to June 26, 2025, with a price band ranging from ₹67 to ₹71 per share.
As of August 31, 2024, the company’s order book stands at approximately ₹892.95 crore, encompassing 14 projects. Notably, the Grey Market Premium (GMP) for the IPO on June 24, 2025, is ₹16.
For the fiscal year 2024, Globe Civil Projects reported revenues of ₹334.81 crore, an increase from ₹235.17 crore in FY 2023. The company’s net profit reached ₹15.38 crore in FY 2024, up from ₹4.85 crore the previous year, while EBITDA rose to ₹44.65 crore from ₹20.80 crore.
On the first day of subscription, the IPO saw an impressive response, being oversubscribed nearly 7 times overall. Specifically, it was 8.06 times oversubscribed in the Qualified Institutional Buyers (QIB) category, 8.17 times in the Non-Institutional Investors (NII) segment, and 5.84 times in the Retail category.
On the Second day of subscription, the IPO saw an impressive response, being oversubscribed nearly 15.25 times overall. Specifically, it was 8.15 times oversubscribed in the Qualified Institutional Buyers (QIB) category, 21.30 times in the Non-Institutional Investors (NII) segment, and 16.71 times in the Retail category.
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Based in New Delhi, Globe Civil Projects Limited is an integrated Engineering, Procurement, and Construction (EPC) company. It specializes in tackling complex projects in infrastructure, buildings, and various civil and structural engineering sectors. With a commitment to safety, the company has completed 37 projects across 11 Indian states, including Uttar Pradesh, Maharashtra, Karnataka, and Delhi.
Anuj Prajapati