Globe Civil Projects Limited, a New Delhi-based EPC (Engineering, Procurement, and Construction) company, has launched its IPO on June 24, 2025, aiming to raise ₹119.00 crores through a 100% fresh issue of 167.60 lakh shares. The company is known for executing complex infrastructure and commercial projects across 11 Indian states.

About the Company:

Globe Civil Projects has emerged as a leading player in infrastructure development, specializing in:

• Transport & Logistics Projects

• Social & Commercial Infrastructure

• Non-Infrastructure Projects like commercial offices and housing

With operations in states like Delhi, Maharashtra, Andhra Pradesh, and Gujarat, the company’s geographical footprint is well diversified. The company is led by Ved Prakash Khurana, Nipun Khurana, and Vipul Khurana, who bring an average of 19 years of industry experience.

IPO Timeline:

IPO Details:

GMP and Expected Listing:

• Grey Market Premium (GMP): ₹9

• Expected Listing Price: ₹80 (approx.)

• Estimated Listing Gain: ~12.67%

⚠️ Note: GMP is unofficial and indicative only. It is not a guarantee of actual listing price performance.

Financial Performance Snapshot (₹ in Million):

The company has shown consistent growth in revenue and profitability, especially notable in FY2024 and the 9-month period ending Dec 2024.

Valuation Metrics:

The IPO appears fully valued compared to its peers, but strong return ratios and a growing order book support the pricing.

Use of IPO Proceeds:

The net proceeds from the issue will be used for:

• Working capital requirements

• Project execution and expansion

• Upgrading machinery and tech

• General corporate purposes

Strengths:

✅ Well-diversified project portfolio across 11 states
✅ Promoters with nearly 2 decades of construction industry experience
✅ Healthy EBITDA margins and improving PAT
✅ High ROCE and ROE indicating capital efficiency

Risks & Concerns:

⚠️ Highly competitive EPC and infra sector
⚠️ Thin GMP margins, volatile market sentiment
⚠️ Pricing appears on the higher side for listing gain investors
⚠️ Dependence on timely government project execution

Final Verdict:

Globe Civil Projects has a strong business foundation with consistent growth and healthy margins. The IPO is fully priced based on current earnings but offers potential long-term value in the infrastructure sector.

💡 GMP indicates listing gains of ~12.67%, but these are speculative and subject to change.

📌 Recommendation:
🟡 Apply with caution
✅ Suitable for high-risk investors aiming for moderate listing gains
🛑 Avoid if you’re a conservative or short-term investor expecting high pop

Disclaimer

This article is for educational and informational purposes only. It does not constitute investment advice. IPO investments are subject to market risks, and the Grey Market Premium is not officially regulated. Investors are advised to consult a SEBI-registered financial advisor before investing.

The Upcoming IPOs in this week and coming weeks are Supertech EV, Valencia India, Neetu Yoshi, Abram Food, PRO FX Tech, Suntech Infra Solutions, Shri Hare-Krishna Sponge Iron, Icon Facilitators, Ace Alpha Tech, Globe Civil Projects, Sambhav Steel Tubes, Ellenbarrie Indutrial Gases, Kalpataru, HDB Financials, AJC Jewel.

The Current active IPO are  Aakaar Medical Technologies, Safe Enterprises Retail Fixtures, Mayasheel Ventures.

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