Globe Civil Projects IPO
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Schedule of Globe Civil Projects
| Issue open date | 24 Jun 2025 |
| Issue close date | 26 Jun 2025 |
| UPI mandate deadline | 26 Jun 2025 (5 PM) |
| Allotment finalization | 27 Jun 2025 |
| Refund initiation | 30 Jun 2025 |
| Share credit | 30 Jun 2025 |
| Listing date | 01 Jul 2025 |
| Mandate end date | 11 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 27 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 25 Sep 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Globe Civil Projects
Established in 2002, Globe Civil Projects is a New Delhi-based engineering, procurement, and construction (EPC) company specializing in infrastructure development across India. The company has executed projects in 11 states, focusing on sectors such as transport and logistics, social and commercial infrastructure, and non-infrastructure projects like commercial offices and housing. Notable projects include the construction of indoor stadiums for the Commonwealth Games 2010, ward blocks for G.T.B Hospital in New Delhi, and facilities for the Indian Institute of Management, Noida. As of FY2024, Globe Civil Projects reported revenues of ₹334.81 crore and a net profit of ₹15.38 crore, reflecting a significant improvement from the previous fiscal year.
Financials of Globe Civil Projects
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹119 crores |
| Fresh Issue | ₹119 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding working capital requirements | 75 (63.02%) |
| Capital expenditure towards purchase of construction equipments | 14.26 (11.98%) |
| General corporate purposes | – |
Strengths
- Over two decades of experience in executing diverse infrastructure projects across multiple states.
- Strong financial growth with a 60% increase in revenue and a 185% rise in net profit in FY2024.
- Robust order book of approximately ₹941 crore as of August 2023, providing revenue visibility for the next three years.
- Established relationships with reputed clients, including government agencies and public sector undertakings.
- Registered as a Class-I contractor with the Central Public Works Department (CPWD), enabling participation in large-scale government projects.
Risks
- High dependency on government contracts, making revenues susceptible to policy and budgetary changes.
- Working capital-intensive operations may affect liquidity during project execution.
- Exposure to regulatory and environmental compliance risks in infrastructure projects.
- Potential delays in project execution due to unforeseen site conditions or approvals.
- Concentration risk if a significant portion of revenue is derived from a few large clients.
Allotment Status for Globe Civil Project
To check your allotment status – click here.
Subscription Figures for Globe Civil Project
Subscription numbers as of 5:00 PM on 26 June 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 33.52 | 2753.07 | 82.13x |
| NII | 25.14 | 3598.56 | 143.14x |
| Retail | 58.66 | 3148.13 | 53.67x |
| Total | 117.32 | 9499.76 | 80.97x |