Globe Civil Projects IPO

About the company

Incorporated in 2002, Globe Civil Projects Limited is an integrated engineering, procurement, and construction (EPC) company specialising in domestic infrastructure projects comprising transport and logistics segment, social and commercial projects, and non-infrastructure category, including commercial offices and housing. The company primarily focus on the construction of educational institution buildings and railway infrastructure, with diversification into specialised projects like railway bridges, airport terminals, elevated railway terminals, and hospitals. The company generates revenue through two main channels: construction project receipts and trading of TMT steel. Construction project receipts have grown from ₹253.62 crore in FY22 to ₹293.27 crore in FY24 at a CAGR of 7.53%. TMT steel trading revenue increased from ₹32.09 crore in FY22 to ₹38.90 crore in FY24 at a CAGR of 10.09%. The company has completed 37 projects over the last two decades and is currently managing 13 ongoing projects. As of March 31, 2025, the company has an order book of ₹669.10 crore, indicating strong future revenue visibility. The book-to-bill ratio stands at 3.16 for the 9MFY25. The ongoing projects include five social and commercial infrastructure projects, three transport & logistics projects, four residential building projects, and one office building project. The company is currently constructing an academic block, hostel block, residential block, and director's residence at NIT Narela with an estimated cost of ₹327 crore and a completion target of May 2025. Other significant projects include the major upgrade of the railway station at Nagpur (₹297.80 crore) and the Office Income Tax Building at Bengaluru (₹143.00 crore). The company's revenue from operations stood at ₹254.66 crore for the 9MFY25 compared to ₹332.16 crore for FY24. EBITDA margin improved to 15.43% in the 9MFY25, from 13.44% in FY24, while ROCE stood at 24.09% during the same period. The construction sector, contributing 9.1% to national GVA with a 6.3% CAGR growth, creates a favourable operating environment with abundant project opportunities. With the government's capital expenditure allocation of ₹11.2 lakh crore in FY26 and flagship programs like the National Infrastructure Pipeline (₹11,100,000 crore investment) and Bharatmala Pariyojana (₹85,36,56,000 crore approved projects), the company is positioned to capitalise on a sustained demand pipeline spanning multiple infrastructure segments, including roads, railways, and urban development. Additionally, the increasing FDI inflows ($42,320 crore in construction infrastructure activities in FY24) and regulatory improvements through initiatives like RERA enhance market transparency and favour organised, compliant players, positioning the company for sustainable growth and market share expansion in India's infrastructure. Now, Globe Civil Projects Limited is launching its initial public offering (IPO), which consists of a fresh issue of equity shares worth up to ₹119 crore. The total issue size of the IPO is ₹119.00 crore. Its shares will be listed on the NSE and BSE.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   24 Jun 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   26 Jun 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   27 Jun 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   30 Jun 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   30 Jun 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   01 Jul 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.