Here are the comprehensive details for the Globe Civil Projects Limited IPO, based on the draft red herring prospectus filed with SEBI:
Business: Engineering, Procurement & Construction (EPC) firm executing transport & logistics, social & commercial, and non-infrastructure projects (such as offices, housing). They also engage in trading of TMT steel.
Geographic Footprint: Active across 11 Indian states, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh.
Globe Civil Projects Limited IPO Dates
| Event | Date |
|---|---|
| Anchor Investor Book Opens | Jun 23, 2025 |
| Opening Date | Jun 24, 2025 |
| Closing Date | Jun 26, 2025 |
| Basis of Allotment Finalised | Jun 27, 2025 |
| Refunds & Demat Credit Completed | Jun 30, 2025 |
| Listing on Stock Exchanges | Jul 1, 2025 |
Globe Civil Projects Limited IPO Details
- Face Value: ₹10 per share
- IPO Price Band: ₹[.] to ₹[.] Per Share
- Lot Size: –
- Fresh Issue: 1,67,60,560 shares
- Total Issue Size: 1,67,60,560 shares
- Listing At: BSE, NSE
- Share Holding Pre Issue: 4,29,58,439 shares
- Share Holding Post Issue: 5,97,18,999 shares
Promoters of Globe Civil Projects Limited
- Ved Prakash Khurana
- Nipun Khurana
- Vipul Khurana
Together, they hold approximately 88.14% of the company’s equity, as stated in the Draft Red Herring Prospectus filed with SEBI.
🧑💼 Ved Prakash Khurana
- DIN: 00513510
- Position: Whole‑time director & promoter since incorporation (May 22, 2002)
- Shareholding: ~5.77 million equity shares
- Background: Co-founded Globe Civil Projects in 2002. Active in steering the organization since inception, focusing on strategic operations and infrastructure business.
👨💼 Nipun Khurana
- DIN: 00513517
- Position: Managing Director & promoter since Jan 17, 2008 (joined six years after incorporation)
- Shareholding: ~16.05 million equity shares (largest individual promoter)
- Other Roles: Also serving as director in infrastructure and food-beverage ventures like Sumasa Power & Infrastructure Pvt. Ltd. and Vara Milk Foods Specialities Pvt. Ltd.
👨💼 Vipul Khurana
- DIN: 00513522
- Position: Managing Director & promoter since Sep 20, 2004 (joined two years after incorporation)
- Shareholding: ~16.05 million equity shares (equal to Nipun)
- Other Roles: Director in related firms, including Southern Globe Hotels & Resorts Ltd. and Less Than Equals Three Services Pvt. Ltd.
Overview at a Glance
| Promoter | Shares Held (₹10 FV) | % of Equity (approx)1 | Roles & Background |
|---|---|---|---|
| Ved Prakash Khurana | 5.77 million (~19%) | Founder/Whole-time director | Longest-serving, key strategic leader |
| Nipun Khurana | 16.05 million (~52%) | Managing Director | Active in diversified businesses |
| Vipul Khurana | 16.05 million (~52%) | Managing Director | Oversees related ventures, hospitality/services |
Summary
- Promoters = Ved Prakash, Nipun, and Vipul Khurana
- Leadership tenures: 2002 (Ved), 2004 (Vipul), 2008 (Nipun)
- Roles: Strategic leaders with managerial authority; two are Managing Directors
- Shareholding: Nipun & Vipul ~16 mn each; Ved Prakash ~5.77 mn — collectively ~88.14% stake
GMP of Globe Civil Projects Limited IPO
There is no published or accurate Grey Market Premium (GMP) available for Globe Civil Projects Limited as of now. Here’s why:
- GMP can only be determined once the price band is announced, as it reflects the informal market’s expectation of listing performance. Globe Civil Projects hasn’t disclosed the price band yet.
- Until the price band and subscription details are out, no legitimate grey market quotes (from sources like Chittorgarh, Finowings, or Telegram groups) will exist.
Globe Civil Projects Limited IPO Promoter Holding
The promoters of Globe Civil Projects Limited collectively hold 88.14% of the company’s equity.
| Share Holding Pre Issue | 88.14% |
| Share Holding Post Issue | – |
About Globe Civil Projects Limited
Full-service EPC company: Engineering, procurement, and construction, with end-to-end capabilities including mechanical, electrical, plumbing (MEP), architectural design, HVAC, and firefighting systems.
Project domains:
- Transport & Logistics: Railway infrastructure, bridges, airport terminals, elevated stations
- Social & Commercial: Educational institutions, hospitals
- Non‑infrastructure: Offices, residential housing
Presence & Projects
- Headquarters: New Delhi
- Geographic footprint: Operations in 11 states across India—including Uttar Pradesh, Maharashtra, Gujarat, and Karnataka.
Track record:
- Completed 37 projects over the past two decades
- Currently executing 12 projects: 5 social/commercial, 3 transport/logistics, 3 residential, and 1 office building
Competitive Strengths
- Diverse project portfolio: Transport infrastructure (railways, bridges, airports), social/commercial buildings, residential projects.
- Strong financial momentum: Revenue and profits have grown significantly, with reduced debt levels.
- Order book strength: Nearly ₹893 cr, indicating robust upcoming workflow.
- Governmental credentials: CPWD Class‑I registration and pan‑India operations enable bidding for large-scale government projects.
Summary Highlights
- Strong growth trajectory backed by high profitability and scalability.
- Wide expertise across major civil infrastructure verticals.
- Geographically diversified with a strong safety culture and governmental contracting credentials.
- Planning a substantial IPO to fuel capital needs and expansion.
Financial Highlights
| Metric | 2022–2023 | 2023–2024 | Growth |
|---|---|---|---|
| Revenue | ₹233.34 cr | ₹332.16 cr | +42.3% |
| Profit After Tax | ₹4.85 cr | ₹15.37 cr | +216.9% |
| Assets | ₹275.04 cr | ₹317.83 cr | +15.6% |
| Borrowings | ₹124.48 cr → ₹97 cr | ↓ 28.3% | — |
| Order Book | — | ₹892.95 cr | — |
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 21.95% |
| ROCE | 23.07% |
| Debt/Equity | 1.60 |
| RoNW | 19.80% |
| PAT Margin | 4.59 |
Objects of the Issue
1) Funding Working Capital Requirements
- The company will utilize a significant portion of the IPO proceeds to meet its working capital needs, essential for day-to-day operations such as procurement of raw materials, employee wages, site expenses, and subcontractor payments. This ensures timely and efficient project execution.
2) Acquisition of Construction Equipment
- Globe Civil Projects intends to acquire modern and efficient construction machinery. This investment will reduce reliance on rented equipment, improve productivity, and expand execution capacity across multiple ongoing projects.
3) General Corporate Purposes
- The remaining funds will be deployed toward general corporate needs. These may include strengthening IT systems, office infrastructure, brand development, and exploring new growth opportunities, including bidding for larger EPC contracts.
Strengths of Globe Civil Projects Limited IPO
1) Track Record & Experience
- Established in 2002, the company has over two decades of experience delivering complex infrastructure projects across 11 Indian states.
2) Diversified Project Portfolio
- Operates across transport, social & commercial infrastructure, residential buildings, and MEP systems—offering broad exposure to high-demand sectors.
3) Robust Financial Growth
- FY24 revenue grew ~42%, with net profit (PAT) surging ~185–217%; order book of ₹894–941 crore provides strong revenue visibility.
4) Strong Order Book & Pre-Qualification Status
- Order backbone of ₹892–941 crore and Class-I CPWD registration enabling bidding for projects up to ₹650 crore.
5) Government & Institutional Clientele
- Trusted by government and PSU clients like DMRC, IITs, hospitals, courts, defense housing—enhancing credibility and prompting repeat business.
6) Operational Efficiency & Safety Culture
- Emphasis on safety (65% of training budget) and in-house equipment supports efficient and standardized project execution.
Risks of Globe Civil Projects Limited IPO
1) Concentration in Government Contracts
- Heavy reliance on public-sector contracts makes revenue vulnerable to policy shifts, budgetary changes, and slow governmental disbursements.
2) Working Capital Intensity
- EPC business is capital-intensive; tight working capital cycles can strain liquidity if project payments are delayed.
3) Raw Material & Execution Risk
- Exposure to volatility in raw material prices (e.g., steel, cement) and potential project delays due to site conditions, approvals, or environmental factors.
4) JV Dependency
- About 30–35% of revenue stems from joint ventures—with risks tied to JV partners’ performance and financial stability.
5) Competitive & Regulatory Pressure
- The sector faces intense competition leading to margin pressure, coupled with risks of non-compliance, legal challenges, and environmental regulations.
6) Macro & External Vulnerabilities
- Risks from natural calamities, pandemics, regulatory changes, political or civil unrest, and broader economic volatility in financial markets.
Final Take
- Strengths: Diversified offering, strong execution, financial growth, and stable order book backed by government credentials.
- Risks: Dependency on government contracts, capital-intensive operations, price and execution uncertainties, and competition/regulatory risks.
Globe Civil Projects Limited Contact Details
📍 Registered & Corporate Office
Address:
D‑40, Okhla Industrial Area, Phase I,
New Delhi – 110020, India insiderbiz.in+11globecivilprojects.com+11globecivilprojects.com+11
General Enquiries:
📞 +91‑11‑46561560
✉️ info@globecivilprojects.in
🧑💼 Company Secretary / Investor Grievance
For investor relations or company secretariat queries:
Email: cs@globecivilprojects.com
📞 +91‑11‑46561560
Address: Same as registered office above
👥 Careers / HR Contact
To apply or inquire about employment:
📧 hr@globecivilprojects.in
🔁 Registrar & Transfer Agent
KFin Technologies Limited – handling share registry and demat matters
Address:
Selenium Building, Tower‑B, Plot No. 31 & 32, Financial District,
Nanakramguda, Serilingampally,
Hyderabad, Telangana – 500032, India globecivilprojects.com+1insiderbiz.in+1
📞 +91‑40‑67162222
✉️ einward.ris@kfintech.com
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