Globe Civil IPO GMP, Date, Price, Allotment Status

The Globe Civil Projects Limited IPO is going for listing in the primary market on June 24, 2025 boosted by favourable market conditions and growing investor interest, this Initial Public Offering (IPO), worth ₹119 crore, attracts retail and institutional investors over time, and the GMP increase supports the IPO.

In this detailed article, we’ll explore about the Globe Civil IPO, including its details, financials, objectives, subscription status, grey market premium (GMP), expert reviews, and more, to help investors make an informed decision on this IPO.

Globe Civil IPO Details

The Globe Civil Projects IPO is a book-built issue aiming to raise ₹119 crore through a fresh issue of 1,67,60,560 equity shares. The IPO opened for subscription on June 24, 2025, and will close on June 26, 2025. The tentative listing date on the BSE and NSE is Monday July 1, 2025 at 10:00 am.

Key IPO Details

• IPO Date: June 24, 2025 to June 26, 2025
• Listing Date: July 1, 2025 (tentative)
• 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 (₹119 crore)
• Issue Type: Book-building IPO
• Fresh Issue: ₹119 crore
• Listing At: BSE, NSE
• Shareholding Pre-Issue: 4,29,58,439 shares
• Shareholding Post-Issue: 5,97,18,999 shares
• Market Capitalisation: ₹424 crore

Investment Requirements

• Retail Investors (Minimum): 1 lot (211 shares) at ₹14,981 (at the cut-off price of ₹71)
• Retail Investors (Maximum): 13 lots (2,743 shares) at ₹1,94,753
• Small HNI (sNII, Minimum): 14 lots (2,954 shares) at ₹2,09,734
• Small HNI (sNII, Maximum): 66 lots (13,926 shares) at ₹9,88,746
• Big HNI (bNII, Minimum): 67 lots (14,137 shares) at ₹10,03,727

Investors are advised to bid at the cut-off price of ₹71 to improve their chances of allotment, given the potential for oversubscription.

Reservation Breakdown

The IPO allocates shares as follows:

• Qualified Institutional Buyers (QIB): 83,80,280 shares (50%)
• Non-Institutional Investors (NII): 25,14,084 shares (15%)
• Retail Individual Investors (RII): 58,66,196 shares (35%)
• Anchor Investors: 50,28,168 shares (30% of the total issue)

Anchor Investors

On June 23, 2025, Globe Civil Projects raised ₹35.70 crore from anchor investors by allotting 50,28,168 shares. The anchor lock-in period is:

• 50% shares: Until July 27, 2025 (30 days)
• Remaining shares: Until September 25, 2025 (90 days)

Globe Civil IPO Timeline (Tentative)

• IPO Open Date: June 24, 2025
• IPO Close Date: June 26, 2025
• Basis of Allotment: June 27, 2025
• Initiation of Refunds: June 30, 2025
• Credit of Shares to Demat: June 30, 2025
• Listing Date: July 1, 2025
• Cut-off Time for UPI Mandate Confirmation: 5:00 PM on June 26, 2025

Lead Managers and Registrar

• Book-Running Lead Manager: MEFCOM Capital Markets Limited
• Registrar: Kfin Technologies Limited

About Globe Civil Projects Limited

The Globe Civil Projects was founded in 2002, it is a New Delhi-based Engineering, Procurement, and Construction (EPC) company with a strong businesses presence across 11 states in India, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. The company specialises in executing infrastructure and non-infrastructure projects, offering services such as:

• Mechanical, Electrical, and Plumbing (MEP)
• Architectural and structural work
• HVAC, firefighting, and fire alarm systems

Project Portfolio

• Completed Projects: 37
• Ongoing Projects: 12, including 5 social and commercial infrastructure projects
• Order Book (as of August 31, 2024): ₹8,929.45 million (14 projects)
  • 6 Infrastructure - Social and Commercial
  • 3 Infrastructure - Transport and Logistics
  • 4 Non-Infrastructure - Housing
  • 1 Non-Infrastructure - Commercial Office

Workforce

The company declared that as of August 31, 2024, the company employs 112 permanent employees, ensuring efficient project execution.

Financial Performance

Globe Civil Projects has shown steady financial growth, though it experienced a dip in FY23. Below is a summary of its consolidated financials (in ₹ crore):

Key Performance Indicators (KPIs) as of March 31, 2024

• Return on Equity (ROE): 21.95%
• Return on Capital Employed (ROCE): 23.07%
• Debt/Equity Ratio: 1.60
• Return on Net Worth (RoNW): 19.80%
• PAT Margin: 4.59%
• EBITDA Margin: 13.44%
• Price-to-Book Value: 3.92

Earnings Per Share (EPS) and Price-to-Earnings (P/E) Ratio

• Pre-IPO EPS: ₹3.58 (based on FY24 earnings)
• Post-IPO EPS: ₹3.97 (based on annualized FY25 earnings)
• Pre-IPO P/E Ratio: 19.83
• Post-IPO P/E Ratio: 17.88

Objects of the Issue

The net proceeds from the IPO will be utilised for the below mentioned things such as:

• Funding Working Capital Requirements: ₹75 crore
• Capital Expenditure for Construction Equipment/Machinery: ₹14.26 crore
• General Corporate Purposes: Balance amount

Subscription Status (Day 1: June 24, 2025, 5:04 PM)

The Globe Civil Projects IPO was subscribed 6.97 times on the very first day, receiving applications for 8,17,99,425 shares against the 1,17,32,392 shares offered. Here’s the category-wise subscription details.

• Total Applications: 1,49,996
• Maximum Allottees (Retail): 27,801

The strong subscription reflects high investor confidence across all categories, particularly among QIBs and HNIs.

Globe Civil IPO GMP (Grey Market Premium)

The Globe Civil Projects IPO GMP has shown an upward trend in the grey market from the last couple of days, signalling positive investor sentiment. Below is the day-by-day change in the GMP:

The GMP trend was peaked at ₹16 on June 24, 2025 which is the very first day of the IPO, against a low of ₹5 on June 17, indicating a potential listing gain of 22-24% above the upper price band of ₹71 (estimated listing price: ₹87-₹89). However, GMP is speculative and not an official indicator of listing performance.

Expert Review and Recommendation

Analysts have reviewed the Globe Civil Projects IPO and given the following feedback.

• Business Overview: Globe Civil Projects is engaged in EPC and MEP projects. Until FY24, it primarily focused on educational institutes, but is now diversifying into social, commercial, and infrastructure projects.
• Financial Performance: Revenue and profit declined in FY23 but rebounded in FY24 and FY25 (up to December 2024).
• Valuation: Based on recent financials, the issue appears fully priced with a P/E ratio 17.88 (post-IPO).
• Order Book: As of March 31, 2025, the company's order book valuation stood at ₹669+ crore, providing revenue visibility.
• Recommendation: This investment may be suitable for well-informed investors with a medium to long-term perspective. Due to valuation concerns, a moderate investment is advised.

Market Context: IPO GMP Comparison

The IPO market is buzzing with activity, with five offerings, including Globe Civil Projects IPO, Ellenbarrie Industrial Gases IPO, and Kalpataru IPO, opening on June 24, 2025 the market sentiment is optimistic, driven by:

• Improving macroeconomic indicators
• Favourable liquidity conditions
• Strong performance of recent IPOs
• Rising participation from retail and institutional investors

Each and every IPO faces unique challenges, particularly in valuation and operational concerns. Globe Civil Projects GMP of ₹16 compares favourably to other IPOs, reflecting stronger grey market interest. Investors are advised to evaluate each issue based on fundamentals rather than GMP alone.

Pros and Cons

Pros

• Strong Order Book: ₹8,929.45 million as of August 31, 2024, ensures revenue visibility.
• Diversified Portfolio: Presence across infrastructure and non-infrastructure projects in 11 states.
• Improving Financials: Steady growth in PAT and EBITDA from FY23 to FY25.
• High Subscription: Oversubscribed 6.97 times on Day 1, indicating strong demand.
• Positive GMP: Suggests potential listing gains of 22-24%.

Cons

• Fully Priced: P/E ratio of 17.88 may deter value investors.
• Revenue Dip in FY23: Indicates past volatility in financial performance.
• High Debt/Equity Ratio: 1.60, signalling moderate financial leverage.
• Competitive Sector: EPC is highly competitive, with risks of project delays and cost overruns.

How to Apply for Globe Civil Projects IPO?

Investors can apply for the Globe Civil Projects IPO through:

• Online: Via ASBA (Application Supported by Blocked Amount) through net banking or UPI-enabled Broking apps.
• Offline: By submitting a physical application form at designated bank branches or brokers.
• Registrar’s Website: Check application status or allotment on Kfin Technologies IPO portal

Ensure the UPI mandate is confirmed by 5:00 PM on June 26, 2025, to avoid application rejection.

Contact Details

Globe Civil Projects Limited

• Address: D-40, Okhla Industrial Area, Phase-I, Delhi, New Delhi, 110020
• Phone: +91 11 46561560
• Email: cs@globecivilprojects.com

Registrar: Kfin Technologies Limited

• Phone: 040-67162222, 040-79611000
• Email: gcpl.ipo@kfintech.com

Conclusion

The Globe Civil Projects IPO presents a mixed bag for investors. On one hand, the company’s strong order book, diversified project portfolio, and improving financials make it an attractive bet for medium to long-term investors.

However, the issue’s fully priced valuation, past financial volatility, and competitive EPC sector warrant caution. Retail investors should weigh the risks against the potential rewards and consider applying at the cut-off price to maximise allotment chances.

Disclaimer: IPO investments carry risks. Conduct thorough research and consult a financial advisor before investing. Grey Market Premium (GMP) is unofficial and speculative.

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