Globe Civil Projects IPO: Can You Build Wealth with This Infra Player? GMP, Price, Analysis & More
- Krishna Priya
- Jun 20
- 2 min read
The company has set a price band of ₹67 to ₹71 per equity share, with a lot size of 211 shares, translating to a minimum investment of ₹14,981 for retail investors.
Total Issue Size: | ₹119.00 Cr |
Fresh Issue: | ₹119.00 Cr |
Offer for Sale: | – |
Face Value: | ₹10 |
Price Band: | ₹67 to ₹71 |
Lot Size: | 211 shares |
Minimum Investment: | ₹14,981 |
Listing: | BSE, NSE |
Anchor Investors: | 23 June, 2025 (Expected) |
Opens: | 24 June, 2025 |
Closes: | 26 June, 2025 |
Founded in 2002, Globe Civil Projects started off as a private company and was converted to a public limited entity in June 2024. Headquartered in New Delhi, the company has developed a solid reputation in the EPC space, particularly in the construction of transport infrastructure, commercial buildings, office complexes, and social housing projects. With a steady order book and several government-backed projects in its pipeline, the company is positioning itself as a key player in India’s ongoing infrastructure transformation.
Financial Performance
Metric | Mar 2022 | Mar 2023 | Mar 2024 | Dec 2024 |
Sales (₹ Cr) | 286.78 | 235.16 | 334.81 | 256.73 |
Net Profit (₹ Cr) | 5.20 | 4.85 | 15.37 | 17.78 |
GMP (Grey Market Premium)
The Grey Market Premium (GMP) for the IPO is hovering around ₹11, indicating decent investor interest. This suggests a possible listing price of around ₹82, around 10% higher than the upper band of ₹71.
Peer Comparison
Name | CMP Rs. | Mar Cap Rs. Cr. | P/E | Sales Rs. Cr. | OPM % | PAT Rs.Cr. |
B.L.Kashyap | 64.45 | 1452.99 | 84.11 | 1153.63 | 5.66 | 17.28 |
Ceigall India | 240.4 | 4187.9 | 14.66 | 3436.73 | 15.08 | 286.57 |
PSP Projects | 734 | 2909.71 | 51.53 | 2512.13 | 7.14 | 56.42 |
Capasit'e infra. | 320.3 | 2709.86 | 13.37 | 2349.51 | 16.15 | 202.56 |
Ahluwalia contr. | 895.15 | 5996.39 | 29.63 | 4098.62 | 8.34 | 202.08 |
Use of Proceeds
The proceeds from the IPO will be primarily used to meet the company’s working capital requirements, purchase new construction equipment, and for general corporate purposes. These investments are expected to enhance execution capabilities and allow the company to take on larger, more complex projects.
Disclaimer: This content is for educational purposes only; please conduct your own research and consult with a qualified investment advisor before making any investment decisions.
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