After a strong wave of IPOs in India’s capital markets, Globe Civil Projects Ltd is set to make its debut with a ₹119 crore public issue opening on June 24, 2025. With a legacy spanning over two decades in executing large-scale public infrastructure projects, the company has built a solid track record in social and commercial buildings, transport and logistics infrastructure, and housing developments. As India continues to prioritise infrastructure growth, Globe Civil is stepping forward to capitalise on the momentum. Backed by a history of government contracts and a reputation for on-time delivery, Globe Civil’s IPO has sparked interest among both institutional and retail investors.
Here’s a look at the key details of the Globe Civil Projects IPO, the company’s background, financials, and industry outlook.
About Globe Civil Projects Limited
Established in 2002 and headquartered in New Delhi, Globe Civil Projects Ltd. is an engineering, procurement, and construction (EPC) company specialising in infrastructure development.
The company operates across India, undertaking projects in transport and logistics, social and commercial infrastructure, and residential buildings. Over the last two decades, Globe Civil Projects has successfully completed 37 projects and currently has 12 ongoing projects, including roads, housing, and commercial buildings. The company is a Class-I contractor registered with the Central Public Works Department (CPWD), enabling it to participate in government tenders.
Globe Civil Projects reported a revenue of ₹334.81 crore and a profit after tax of ₹15.38 crore for the financial year ending March 2024, reflecting consistent growth and expanding its footprint in India’s infrastructure sector.
Globe Civil Projects Ltd. IPO Details
The Globe Civil Projects Ltd. IPO aims to raise funds through a 100% fresh issue of 119 crore equity shares, with no Offer for Sale, for listing on the BSE and NSE. The issue opens on June 24, 2025 and closes on June 26, 2025.
Important IPO Timeline
| Event | Date |
| IPO Open Date | Jun 24, 2025 |
| IPO Close Date | Jun 26, 2025 |
| Allotment Date | Jun 27, 2025 |
| Initiation of Refunds | Jun 30, 2025 |
| Credit of Shares to Demat | Jun 30, 2025 |
| Listing Date (Tentative) | Jul 1, 2025 |
| UPI Mandate Cut-off | 5 PM on June 26, 2025 |
Key IPO Details
Here is the table on the Globe Civil Projects Ltd. IPO Review:
|
Particulars |
Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹67 to ₹71 per share |
| Lot Size | 211 Shares |
| Total Issue Size |
1,67,60,560 shares (aggregating up to ₹119.00 Cr) |
| Fresh Issue |
1,67,60,560 shares (aggregating up to ₹119.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing at | BSE, NSE |
| Shareholding (Pre-Issue) | 4,29,58,439 shares |
| Shareholding (Post-Issue) |
5,97,18,999 shares |
Lot Size of Globe Civil Projects Ltd. IPO
Here is the table of lot sizes for each category of investors:
| Application Type | Lots | Shares | Amount (at upper price band) |
| Retail (Min) | 1 | 211 | ₹14,981 |
| Retail (Max) | 13 | 2743 | ₹1,94,753 |
| S-HNI (Min) | 14 | 2,954 | ₹2,09,734 |
| S-HNI (Max) | 66 | 13,926 | ₹9,88,746 |
| B-HNI (Min) | 67 | 14,137 | ₹10,03,727 |
Globe Civil Projects Ltd. Financials
The IPO values Globe Civil Projects Ltd.’s market capitalisation at ₹424 crore. This valuation is based on the upper end of its IPO price band. Having successfully executed 37 projects across 11 states in India, the company demonstrates a notable operational scale and expanding project footprint.
As of March 31, 2024, the company’s financial indicators include:
Key Performance Indicators (as of Mar 31, 2024)
- Return on Equity (ROE): 21.95%
- Return on Capital Employed (ROCE): 23.07%
- Debt to Equity Ratio: 1.60
- Return on Net Worth (RoNW): 19.80%
- Profit After Tax (PAT) Margin: 4.59%
- EBITDA Margin: 13.44%
- Price to Book Value: 3.92
Company Financial Snapshot
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets (₹ Cr) | 374.6 | 317.83 | 275.04 | 229.79 |
| Revenue (₹ Cr) | 256.74 | 334.81 | 235.17 | 286.78 |
|
Profit After Tax (₹ Cr) |
17.79 | 15.38 | 4.85 | 5.2 |
| EBITDA (₹ Cr) | 39.3 | 44.65 | 20.8 | 22.91 |
| Net Worth (₹ Cr) | 99.83 | 77.67 | 62.44 | 57.45 |
| Reserves and Surplus (₹ Cr) | 56.87 | 75.19 | 59.97 | 54.98 |
|
Total Borrowing (₹ Cr) |
137.97 | 124.48 | 97 | 70.76 |
Globe Civil Projects Ltd.: Industry Outlook
- India’s construction market is projected to be the second-largest globally by 2030, with Gross Value Added (GVA) expected to reach INR 21.8 trillion, growing at a CAGR of 7.2% between FY 2024–30.
- The construction sector contributed approximately ₹15.6 trillion to India’s GVA in FY 2025, accounting for 9.1% of national GVA, highlighting sustained infrastructure demand.
- It is the second-largest employer in India, with around 71 million jobs in FY 2023—expected to exceed 100 million by 2030, reflecting expanding labour capacity.
- Ongoing high demand for infrastructure projects across social, transport, and commercial segments provides ample opportunity for mid-tier EPC players like Globe Civil.
- With rising GVA, workforce, and foreign investment, the sector offers a favourable backdrop for sustained growth and project inflows.
Use of IPO Proceeds
| Objective | Amount (₹ Cr) |
| Funding the working capital requirements of the Company | 75 |
| Capital expenditure towards purchase of construction equipment / machineries | 14.26 |
| General Corporate Purposes | Remaining amount |
Conclusion
Globe Civil Projects Ltd. positions itself as a seasoned EPC contractor aligned with India’s infrastructure priorities. With over two decades of execution experience and a portfolio spanning roads, bridges and housing, the company reflects the steady demand for civil infrastructure. The IPO’s focus on strengthening working capital indicates readiness for scale, especially in a sector benefiting from government-led spending. However, investors should weigh the company’s dependence on public sector contracts and the operational intensity of EPC models. For those seeking exposure to India’s physical infrastructure development through a conventional, project-driven approach, Globe Civil’s IPO offers a straightforward infrastructure-linked opportunity.
