Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Globe Civil Projects IPO
Price Band
₹67.0–71.0
Issue Size
₹119.0 Cr
Lot Size
211 shares
Min Investment
₹14,981
GMP
+₹27.0 (38.03%)
Issue Price
₹71.0
Subject to Sauda
₹4300
Paid only if allotted
Globe Civil Projects IPO AI Summary
- Globe Civil Projects IPO is listed on BSE, NSE in the Civil Construction sector.
- Price band: ₹67.0–₹71.0 per share, lot size 211 shares (min. investment ₹14,981).
- Subscription window: 24 Jun–26 Jun 2025, listing on 01 Jul 2025.
- Current GMP is +₹27.0 (38.03%), an estimated listing price of ₹98 — unofficial and can change daily.
Globe Civil Projects Limited is set to launch its IPO with an issue price of ₹71.0. The company has shown growth in profitability and has a diverse project portfolio. Investors should consider the associated risks and market conditions before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Globe Civil Projects IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Jun 2025 — not a current signal.
3 of 5 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Globe Civil Projects IPO Grey Market Premium (GMP) Today
GMP
+₹27.0
GMP %
+38.03%
Est. Listing
₹98.0
Updated: 25 Jul 2026 14:14
About the Company
Incorporated in 2002, Globe Civil Projects Limited is an integrated Engineering, Procurement, and Construction (EPC) company headquartered in New Delhi. The company has successfully executed projects across 11 states in India, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. Globe Civil Projects Limited has completed 37 projects. Currently, the company is working on 12 ongoing projects, including five social and commercial projects. As of August 31, 2024, the company's order book stands at ₹8,929.45 million, covering 14 projects: 6 Infrastructure - Social and Commercial projects 3 Infrastructure - Transport and Logistics projects 4 Non-Infrastructure - Housing projects 1 Non-Infrastructure - Commercial Office project Globe Civil Projects Limited has a team of 112 permanent employees as of August 31, 2024.
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 374.60 | 317.83 | 275.04 | 229.79 |
| Total Income | 256.74 | 334.81 | 235.17 | 286.78 |
| Profit After Tax | 17.79 | 15.38 | 4.85 | 5.20 |
| EBITDA | 39.30 | 44.65 | 20.80 | 22.91 |
| NET Worth | 99.83 | 77.67 | 62.44 | 57.45 |
| Reserves and Surplus | 56.87 | 75.19 | 59.97 | 54.98 |
| Total Borrowing | 137.97 | 124.48 | 97.00 | 70.76 |
Key Ratios
EPS
₹3.58
NAV
₹18.10
ROE
21.95%
ROCE
23.07%
RoNW
19.80%
P/B Value
3.92
P/E Ratio
19.83
Market Cap
₹424.00 Cr
PAT Margin
4.59%
Debt/Equity
1.60
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Ahluwalia Contracts (india) Ltd. | 238.84 | 23.43% | 16.41 | 55.95 | 55.95 |
| Capacite Infraprojects Ltd | 179.3 | 7.93% | 20.56 | 16.09 | 16.09 |
| Psp Projects Ltd | 222.5 | 13.49% | 20.38 | 34.16 | 34.16 |
| Ceigall India Limited | 57.68 | 33.57% | 12.88 | 19.37 | 19.37 |
| B.l.kashyap And Sons Ltd. | 22.02 | 10.58% | 29.57 | 2.33 | 2.33 |
| Globe Civil Projects Limited This IPO | 18.1 | 19.8% | — | 3.58 | 3.58 |
Promoters
Ved Prakash Khurana, Nipun Khurana and Vipul Khurana
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding working capital requirements of the Company 75.00 2 Capital expenditure towards purchase of construction equipments/ machineries. 14.26 3 General Corporate Purposes 17.13 4 Issue expenses 12.42 Total 118.80
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹286.78 Cr for the period ending 31 Mar 2022, which then decreased to ₹235.17 Cr by 31 Mar 2023. It increased to ₹334.81 Cr in the following period, 31 Mar 2024, before falling to ₹256.74 Cr by 31 Dec 2024. This shows a fluctuating trend in revenue across the periods.
Profit Trend
Profit After Tax was ₹5.20 Cr for the period ending 31 Mar 2022, which slightly increased to ₹4.85 Cr by 31 Mar 2023. It then rose to ₹15.38 Cr by 31 Mar 2024, and further increased to ₹17.79 Cr by 31 Dec 2024. This indicates a general upward trend in profitability over the periods.
Valuation
At the issue price of ₹71.0, Globe Civil Projects Limited has an implied P/E ratio of approximately 19.83 based on its EPS of ₹3.58. This is compared to peers with P/E ratios ranging from 12.88 to 29.57.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the potential listing gain of an IPO. It reflects the price at which shares of the IPO are expected to trade in the grey market before they are officially listed. A positive GMP suggests that the shares may list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It’s important to consider the company's growth potential and market conditions before making a decision.
Who May Want to Wait
Conservative investors who prefer stable returns and low-risk investments may want to avoid this IPO, as the construction sector can be subject to market fluctuations and project execution risks.
IPO Timeline, Explained
The IPO opens for subscription on June 24, 2025, and closes on June 26, 2025. Allotment of shares will be done on June 27, 2025, and the listing on the stock exchange is expected to occur on July 1, 2025.
Listing Gains — The Risk
Listing gains refer to the profits made by investors when shares are sold on the listing day at a price higher than the issue price. However, such gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-IPO.
This evaluation is generated from Globe Civil Projects's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Globe Civil Projects IPO GMP today?
Globe Civil Projects IPO GMP today is +₹27.0 (38.03%), indicating an estimated listing price of ₹98. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Globe Civil Projects IPO?
The price band of Globe Civil Projects IPO is ₹67.0–₹71.0 per share.
When does Globe Civil Projects IPO open and close?
Globe Civil Projects IPO opens on 24 June 2025 and closes on 26 June 2025.
When does Globe Civil Projects IPO list on the stock exchange?
Globe Civil Projects IPO listed on 01 July 2025 at ₹98.0.
What is the lot size for Globe Civil Projects IPO?
The lot size for Globe Civil Projects IPO is 211 shares, requiring a minimum investment of ₹14,981.
What is the price band for the IPO?
The price band for the IPO is ₹67.0 to ₹71.0.
What is the minimum investment required?
The minimum investment required is ₹14,981.
What is the lot size for this IPO?
The lot size for this IPO is 211 shares.
When does the IPO open and close?
The IPO opens on June 24, 2025, and closes on June 26, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Jun 2025
Close
26 Jun 2025
Allotment
27 Jun 2025
Listing
01 Jul 2025
Similar IPOs in Civil Construction
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Globe Civil Projects?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.