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Globe Civil Projects Limited IPO

Globe Civil Projects Limited is an EPC (Engineering, Procurement, and Construction) company with over 20 years of experience in executing infrastructure development projects across India. The company undertakes a wide range of civil construction works including transport infrastructure, residential, commercial, and social sector projects. It has completed over 35 projects across 11 states and currently handles a significant number of ongoing contracts.

RHP

Min Investment

₹14,981

Lot Size

211 Shares

Price Range

₹71.0

Issue Size (₹ Cr.)

₹119.0

IPO Type

BSE NSE, Mainboard

Key Metrics

Face Value

₹ 10

GMP

₹ 0.0

Subscription

EPS

₹  3.97

P/E Ratio

17.88 x

RoNW

19.80%

ROE

21.95%

Debt to Equity (₹ Cr.)

1.60

Timeline

IPO Open24/06/2025Tuesday

IPO Close26/06/2025Thursday

Allotment27/06/2025Friday

Refund30/06/2025Monday

Listing01/07/2025Tuesday

Strengths

Strong Financial Performance The company has shown impressive growth in revenue and profit, reflecting sound financial health and operational efficiency.
High Return Ratios Robust ROE and ROCE figures indicate effective management of capital and strong returns for shareholders.
Pan-India Project Presence With completed projects across multiple Indian states, the company enjoys regional diversification and execution credibility.
Large Order Book A strong pipeline of ongoing and upcoming contracts ensures business continuity and future revenue stability.
IPO Fully for Growth Capital The IPO proceeds are focused on expansion—mainly working capital and equipment—highlighting a forward-looking, growth-driven approach.

Weaknesses

High Client Concentration A major portion of revenue comes from a few government clients, making the company vulnerable to project delays or cancellations.
Working Capital Intensive The nature of EPC and civil infrastructure projects requires significant upfront capital, impacting cash flow and liquidity.
Geopolitical and Regulatory Risks Operating across multiple states exposes the company to varying local regulations, political changes, and compliance challenges.
Project Execution Risks Delays in land acquisition, permits, or subcontractor coordination could affect timely delivery and cost control.
Limited Brand Recognition Despite strong execution history, the company lacks widespread brand visibility compared to larger infrastructure peers.