The Globe Civil Projects IPO opens for subscription on June 24, 2025, and will close on June 26, 2025. It is a Book Built Issue, with the company aiming to raise approximately ₹119 crores. This includes a fresh issue worth ₹119 crores, while the number of equity shares under the offer for sale is yet to be disclosed. Each equity share carries a face value of ₹10.

The price band for the IPO is set between ₹67 and ₹71 per share. The allocation for retail investors is 35%, Qualified Institutional Buyers (QIBs) have a 50% share, and High Net-Worth Individuals (HNIs) are allotted 15%. The shares are scheduled to be listed on both the BSE and NSE on July 1, 2025, with allotment expected to be finalized on June 27, 2025.

For the financial year 2024, the company recorded a revenue of ₹334.81 crores, up from ₹235.17 crores in 2023. Net profit also increased significantly to ₹15.38 crores in 2024 from ₹4.85 crores in 2023. Based on these financials, the IPO appears to be a promising investment for those considering long-term gains.

About Globe Civil Projects IPO

Founded in 2002, Globe Civil Projects Limited is an integrated Engineering, Procurement, and Construction (EPC) company that has effectively completed projects spanning 11 states in India, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. Globe Civil Projects is also involved in the execution and construction of infrastructure projects that consist of transport and logistics, social and commercial buildings, and non-infrastructure projects as well. Additionally, the company also offers various other offerings like mechanical, electrical, and plumbing (“MEP”), architectural and structural work, HVAC, firefighting, and fire alarm systems. According to the DRHP, Globe Civil Projects Ltd has completed 37 projects, 12 ongoing projects, 5 social and commercial infrastructure projects, 3 Transport and Logistics projects, and 1 office building project. As of August 31, 2024, the company includes a team of 112 permanent employees.

Objects of the Issue (JNK India IPO Objectives)

• Funding working capital requirements of our Company;
• Funding capital expenditure requirements towards purchase of equipment/ machineries; and
• General corporate purposes

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Globe Civil Projects IPO Company Financial Report

Globe Civil Projects IPO Company Financial Report