Globe Civil Projects Limited, a New Delhi-based EPC company, has announced its Initial Public Offering (IPO) with a price band of ₹67 to ₹71 per share. The ₹119 crore IPO will open for subscription on June 24, 2025, and aims to raise funds for working capital and equipment acquisition.
Globe Civil Projects Limited, a full-scale Engineering, Procurement, and Construction (EPC) company headquartered in New Delhi, is set to open its Initial Public Offering (IPO) on June 24, 2025. The company has fixed the IPO price band at ₹67 to ₹71 per equity share, targeting a total issue size of ₹119 crore through a fresh issuance of 1,67,60,560 shares.
Globe Civil Projects has delivered infrastructure and civil construction projects across 11 Indian states and holds an order book worth ₹8,929.45 million as of August 31, 2024. The company specializes in large-scale EPC contracts and is recognized for timely delivery and diversified regional expertise.
The IPO subscription will remain open until June 26, 2025, with allocations to anchor investors scheduled for June 23. The offering does not include an Offer for Sale (OFS) component. According to the Red Herring Prospectus, the funds will be deployed to meet working capital requirements, purchase new construction machinery, and cover general corporate expenses.
The public issue will allocate not more than 50% to Qualified Institutional Buyers (QIB), a minimum of 15% to Non-Institutional Investors (NII), and at least 35% to retail investors. Each IPO lot comprises 211 shares, requiring a minimum investment of ₹14,981 for retail applicants.
The basis of allotment is likely to be finalized by June 27, 2025, with refunds and demat credits expected by June 30. The stock is tentatively scheduled to list on both the BSE and NSE on July 1, 2025.
The issue is managed by Mefcom Capital Markets Ltd, while KFin Technologies Ltd serves as the IPO registrar.
Peer comparisons from the RHP include:
- B L Kashyap and Sons Ltd (P/E: 29.57)
- Ceigall India Ltd (P/E: 12.88)
- PSP Projects Ltd (P/E: 20.38)
- Capacit’e Infraprojects Ltd (P/E: 20.56)
- Ahluwalia Contracts (India) Ltd (P/E: 16.41)
With its track record and extensive order pipeline, Globe Civil Projects is positioning itself as a significant player in India’s infrastructure growth story.
