globe civil projects ipo updates 2025: gmp, subscription, allotment & listing price

globe civil projects ipo updates 2025: Get the latest GMP, subscription details, allotment process, and expected listing price for Globe Civil Projects IPO.

The Globe Civil Projects IPO is set to take center stage in the Indian stock market in 2025. The initial public offering (IPO) is creating a lot of buzz, and for good reason. This blog post will take you through everything you need to know about the Globe Civil Projects IPO, from its company background to the pricing, allotment process, and potential listing gains. We’ll also discuss the latest Grey Market Premium (GMP), subscription status, peer comparisons, and whether you should apply for this IPO. So, let’s dive in!

1. Introduction: What is Globe Civil Projects IPO?

The Globe Civil Projects IPO is a fresh issue of shares, with a total issue size of ₹119 crores. This issue is entirely made up of 1.68 crore shares, and the price band for the IPO has been set at ₹67 to ₹71 per share. The IPO will be open for subscription from June 24, 2025, and will close on June 26, 2025. It’s expected to list on both the BSE and NSE on July 1, 2025.

Globe Civil Projects Limited is an integrated Engineering, Procurement, and Construction (EPC) company that focuses on civil and MEP (Mechanical, Electrical, and Plumbing) projects across India. The company has a track record of successfully completing several projects in various states and sectors, including social infrastructure, commercial infrastructure, transport, logistics, and more.

The IPO has garnered significant attention due to the strong financial performance of the company, its diversified project portfolio, and the use of the funds for crucial growth areas like working capital and machinery. This IPO is not just about investing in a construction firm, but in a company with a wide and growing footprint across the Indian infrastructure space.

What Will You Learn in This Blog?

In this blog, we will provide a comprehensive review of the Globe Civil Projects IPO, covering:

• Company background and financial performance

• Detailed IPO information, including price band, issue size, and more

• Grey Market Premium (GMP) insights

• Peer comparison and how Globe Civil Projects stands in the market

• Day-wise subscription status

• How to check allotment status

• Should you apply for this IPO? The pros and cons

• Frequently asked questions (FAQs)

So, let's get started with an in-depth look at the company behind this exciting IPO!

2. Company Background: Who is Globe Civil Projects?

Globe Civil Projects Limited, founded in 2002 and headquartered in New Delhi, is an integrated engineering, procurement, and construction company. The company has extensive experience in executing EPC projects across India, particularly in sectors such as infrastructure, transport, logistics, and housing.

What Does Globe Civil Projects Do?

The company primarily deals with civil engineering projects that involve construction, design, procurement, and commissioning of buildings and infrastructure. These projects range from educational institutions and residential complexes to large-scale transport and logistics infrastructures. Some of the most notable sectors Globe Civil Projects is involved in include:

• Infrastructure (Social and Commercial): Projects related to public and private sector infrastructure like roads, bridges, hospitals, schools, etc.

• Housing Projects: Residential projects aimed at providing affordable and premium housing solutions.

• Transport and Logistics Projects: Involvement in building highways, railway stations, and logistics parks.

• Commercial Office Projects: Construction of office buildings and commercial spaces.

Financial Overview

Here’s a quick look at the company’s financial performance over the past few years:

The company’s Revenue has been relatively steady, although there was a dip in FY 2023, which investors should note. On the other hand, its Profit After Tax (PAT) showed significant growth in FY 2024, and its EBITDA margin stands at a healthy 13.44%. With a growing order book and well-structured operations, Globe Civil Projects has positioned itself well for long-term growth.

Strengths and Weaknesses

Strengths:

• Diversified Portfolio: Globe Civil Projects has a varied range of projects, from residential complexes to large-scale infrastructure works.

• Proven Track Record: The company has successfully completed 37 projects, and its order book continues to grow.

• Strong Financial Performance: It has shown consistent growth in revenue and profitability over the years.

Weaknesses:

• Geographical Risk: Most of its projects are concentrated in a few states, which could expose the company to regional risks.

• Dependence on Government Projects: A significant portion of its projects involves government contracts, which can be subject to delays or policy changes.

3. IPO Details: Price Band, Issue Size, Lot Size & More

Let’s now take a detailed look at the specifics of the Globe Civil Projects IPO, including its issue size, price band, lot size, and other important details.

IPO Timeline (Tentative Schedule)

IPO Price Band & Lot Size

The price band for the Globe Civil Projects IPO is ₹67 to ₹71 per share. Retail investors can apply for a minimum lot size of 211 shares, which amounts to approximately ₹14,137. However, to avoid oversubscription, it’s advised to bid at the cutoff price of ₹71, which brings the total investment to ₹14,981.

Here’s the breakdown of the investment for different categories of investors:

IPO Issue Structure

• Fresh Issue: ₹119 crores (comprising 1.68 crore shares)

• Offer for Sale (OFS): None (entire issue is a fresh issue)

• Public Offering: 100% of the issue is being offered to the public

• Reservation for Retail Investors: Not less than 35% of the total issue size

• Reservation for NII Investors: Not less than 15% of the total issue size

The funds raised through the IPO will be utilized for several purposes, including:

• Working capital requirements (₹75 crore)

• Capital expenditure for purchasing construction machinery (₹14.26 crore)

• General corporate purposes

Grey Market Premium (GMP)

The Grey Market Premium (GMP) gives an indication of the market sentiment for an IPO before its listing. As of now, the GMP for the Globe Civil Projects IPO is expected to be between ₹10 and ₹15 per share. This means that investors could expect a listing gain of approximately 14-20% above the issue price, based on current market conditions.

Past GMP Trends

• Pre-IPO GMP: ₹10–₹15 per share (expected)

• GMP Impact: Positive, as investors are optimistic about the company’s prospects and the quality of its projects.

4. Grey Market Premium (GMP) Updates

Current GMP

The GMP for the Globe Civil Projects IPO, as of the latest updates, is hovering around ₹10–₹15 per share. This is a positive sign for investors looking for listing gains, as it suggests that the IPO may list at a premium.

Past GMP Data

While this IPO is the company’s first, GMP trends for similar infrastructure and EPC companies suggest a good chance of a strong listing. However, investors should keep in mind that the GMP can fluctuate, so it is important to monitor it closely during the subscription period.

What Does GMP Mean for Investors?

GMP is the difference between the issue price and the expected listing price, which is determined by market demand and sentiment. A high GMP indicates strong demand and potential listing gains, whereas a low GMP suggests a lukewarm response. The current GMP suggests a favorable listing for Globe Civil Projects, but it is advisable to apply cautiously based on market conditions closer to the listing date.

5. Peer Comparison

Let’s now compare Globe Civil Projects with its peers in the construction and infrastructure sector to get a better sense of its position in the market.

Peer Companies in the EPC Sector

Here’s how Globe Civil Projects stacks up against some of its key competitors:

Key Takeaways

• Globe Civil Projects has a relatively attractive P/E ratio (19.83), especially compared to larger players in the sector like L&T.

• The company’s ROE (21.95%) is also on par with the industry, showcasing its profitability.

• Globe Civil Projects has a higher debt/equity ratio (1.60) compared to its peers, which may suggest higher financial risk.

6. Subscription Status

The subscription status for the Globe Civil Projects IPO provides insight into investor demand across various categories.

Day-wise Subscription

The subscription numbers will be updated once the IPO opens for subscription. Typically, the retail and NII categories see strong demand, while the QIB category can also see significant participation.

7. Allotment & Listing Details

Once the IPO is closed, investors can check the allotment status online using the registrar’s link. The allotment will be finalized on June 27, 2025, and investors will know by this date whether they’ve been allotted shares.

Key Dates

• Allotment Date: June 27, 2025

• Listing Date: July 1, 2025

• Refund Initiation: June 30, 2025

How to Check Allotment Status

You can check your allotment status on the registrar’s website (Kfin Technologies). The link for checking allotment status will be available post the allotment date.

8. Should You Apply?

Positives:

• Strong market positioning and a diversified project portfolio.

• Potential for listing gains, with positive GMP.

• Healthy financials with good growth potential.

Risks:

• Exposure to regional risks and dependence on government contracts.

• High debt/equity ratio, which might impact long-term stability.

Conclusion:

If you are looking for medium to long-term growth in the infrastructure and EPC sector, Globe Civil Projects presents a solid opportunity. However, it’s important to weigh the risks and apply based on your risk appetite.

9. FAQs

1. What is the price band for Globe Civil Projects IPO?

The price band for the IPO is ₹67 to ₹71 per share.

2. When does the Globe Civil Projects IPO open for subscription?

The IPO opens on June 24, 2025.

3. What is the minimum lot size for retail investors?

The minimum lot size is 211 shares, with a total investment of ₹14,137.

4. What is the GMP for Globe Civil Projects IPO?

The GMP is currently ₹10–₹15 per share.

5. How do I apply for the Globe Civil Projects IPO?

You can apply through your brokerage account or using UPI-based payment methods.

10. Conclusion

In conclusion, Globe Civil Projects IPO offers a promising opportunity for investors looking to tap into the growing infrastructure sector in India. With a strong project portfolio and solid financials, it is an IPO worth considering. However, like any investment, it comes with risks, so make sure to evaluate your investment goals before applying.

We’d love to hear your thoughts on this IPO! Feel free to drop a comment below and join the conversation. Happy investing!

Disclaimer: The information provided in this blog is for informational purposes only and does not constitute financial advice. We recommend that investors conduct their own research or consult with a certified financial advisor before making any investment decisions. Investing in IPOs carries risks, and past performance is not indicative of future results.