Globe Civil Projects Limited IPO

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Headquartered in New Delhi, the Company is an integrated Engineering, Procurement, and Construction (EPC) firm, specializing in the execution of a wide range of infrastructure and non-infrastructure projects across India. With over two decades of experience, the Company has successfully executed projects in 11 states, including Uttar Pradesh, Maharashtra, Delhi, Karnataka, and Andhra Pradesh, among others.

Business Segments

The Company undertakes projects across the following key segments:

a) Infrastructure – Transport & Logistics: Includes railway terminals, bridges, and airport terminals
b) Infrastructure – Social & Commercial: Focus on educational institutions, hospitals, and public utility buildings
c) Non-Infrastructure Projects: Includes commercial office spaces and residential housing
d) Trading Activities: Focused on trading of construction materials, primarily TMT steel
e) MEP Services: Offers integrated Mechanical, Electrical & Plumbing, HVAC, firefighting, and alarm systems as part of turnkey projects

Sectoral and Project Diversification

While the Company’s core strength lies in the construction of educational buildings and railway infrastructure, it has diversified into high-value, complex projects such as:

– Railway bridges and elevated terminals
– Airport infrastructure
– Hospitals and institutional campuses

The Company has also formed joint ventures with reputed firms to enhance its technical and financial eligibility for larger and more complex tenders.

CPWD Registration Advantage

The Company holds a Class-1 Super Contractor license with the Central Public Works Department (CPWD), Government of India, enabling it to bid for projects up to ₹6,500 million. This license not only increases the scale of potential projects but also reduces competitive intensity in larger bids.

 Project Execution Capability

With a strong project management framework and experienced engineering team, the Company has:

  • Completed 37 projects over the last two decades

  • 13 ongoing projects across different infrastructure categories

  • Largest completed project: AIIMS Raipur Academic & Admin Block (463,801 sq. ft., ₹1,813.47 million)

  • Largest ongoing project: NIT Narela Campus (688,908 sq. ft., ₹3,270 million)

It has developed expertise across the project lifecycle—from business development and tendering to engineering, procurement, execution, and quality control.

Competitive Strengths

i) Proven track record in executing diverse and complex projects
ii) Robust Order Book with high visibility of future revenues
iii) Financially sound with a focus on operational efficiency and profitability
iv) CPWD Class-1 license allows participation in high-value government tenders
v) In-house engineering and design capabilities ensure quality and timely delivery

Objects of the Globe Civil Projects Limited IPO:

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: 1. Funding working capital requirements of the Company (₹75 cr) 2. Capital expenditure towards purchase of construction equipments/ machineries. (₹14.26 cr) 3. General corporate purposes
DRHP of Globe Civil Projects Limited IPO
RHP of Globe Civil Projects Limited IPO

Globe Civil Projects Limited IPO Details:

Open Date: Jun 24 2025
Close Date: Jun 26 2025
Total Shares: 1,67,60,560
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 119 Cr.
Lot Size: 211 Shares
Issue Price: ₹ 67-71 Per Equity Share
Listing At: NSE,BSE

Promoters And Management:

Ved Prakash Khurana – Chairman and Whole-Time Director, has been associated with the organization since 2002. With over 30 years of experience in civil construction, he oversees project management, business development, finance, procurement, and contract operations. He plays a key role in driving strategic growth and expanding into new business areas. Nipun Khurana – Managing Director, joined the Company in 2008. He holds a Bachelor’s degree in Civil Engineering from Bharati Vidyapeeth University, Pune, and has over 16 years of experience. He is responsible for leading project execution teams and ensuring delivery as per client specifications. Vipul Khurana – Managing Director, has been associated with the Company since 2004. He holds a B.Sc. in Information Systems Engineering from the University of Westminster, London, and brings over 20 years of experience. He leads business development and project management initiatives, playing a key role in the Company’s expansion and client engagement.

Financials of Globe Civil Projects Limited IPO:

Particulars 9M FY 2025 FY 2023-24 FY 2022-23  FY 2021-22
Revenue from Operations 254.65 332.16 233.34 285.70
EBITDA 39.29 44.65 20.79 22.91
EBITDA Margins 15.43% 13.44% 8.91% 8.02%
PAT 17.78 15.37 4.85 5.20
PAT Margins 6.98% 4.62% 2.07% 1.82%
ROCE 24.09% 23.07% 12.59% 15.78%
CFOA -3.29 4.19 -11.22 7.41

Comparison With Peers:

To be updated shortly

Recommendation on Globe Civil Projects Limited IPO:

 
Companies Revenue EBITDA Margins PAT Margins D/E Ratio MCap P/E
Globe Civil Projects  (FY 2024) 332.16 Cr. 13.44% 4.62% 1.61 424 Cr. 27.58*
B L Kashyap and Sons (FY 2025) 1,154 Cr. 6% 2.34% 0.60 1,465 Cr. 84.80
Ceigall India (FY 2025) 3,437 Cr. 15% 8.35% 0.54 4,242 Cr. 14.80
PSP Projects (FY 2025) 2,512 Cr. 7% 2.22% 0.22 2,927 Cr. 51.90
Capacite Infraprojects (FY 2025) 2,350 Cr. 16% 8.68% 0.25 2,688 Cr. 13.20
Ahluwalia Contracts (India) (FY 2025) 4,099 Cr. 8% 4.92% 0.04 6,062 Cr. 23.20
*Forward PE is 17.89 on the basis of FY 25 PAT.

Registrar of Globe Civil Projects Limited IPO:

  1. Kfin Technology Private Limited

Discussion on Globe Civil Projects Limited IPO:

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