Globe Civil Projects IPO Opens June 24: Key Details, Price Band, and Financial Highlights

The primary market is set for another active week as Globe Civil Projects Limited prepares to launch its Initial Public Offering (IPO). With strong investor interest in infrastructure and EPC companies, the upcoming IPO is expected to draw notable attention on Dalal Street.

IPO Dates and Structure

The IPO will open for subscription on June 24, 2025 (Tuesday) and close on June 26, 2025 (Thursday). Globe Civil Projects aims to raise ₹119 crore through a fresh issue of 1.68 crore equity shares. Notably, this IPO does not include an offer for sale (OFS), which means the entire proceeds will directly benefit the company.

Price Band and Lot Size

The price band has been set between ₹67 and ₹71 per share. Retail investors can bid in lots of 211 shares, with the minimum application requiring 211 shares or multiples thereof.

For non-institutional investors:

• Small NIIs (sNII) must apply for 14 lots (2,954 shares), amounting to approximately ₹2.09 lakh.

• Big NIIs (bNII) need to apply for 67 lots (14,137 shares), requiring an investment of nearly ₹10 lakh.

Tentative Listing Date

Post bidding, share allotment is expected to be finalized on June 27, 2025 (Friday). The company is scheduled to be listed on stock exchanges on July 1, 2025 (Tuesday), assuming all regulatory approvals proceed on time.

Grey Market Premium (GMP) Trend

According to data from InvestorGain, the grey market premium (GMP) for Globe Civil Projects IPO stood at ₹13 per share as of 11:50 AM. This suggests a listing premium of approximately 18.3% over the upper price band, reflecting strong pre-listing demand from investors.

Utilization of IPO Proceeds

Globe Civil Projects plans to utilize the capital raised through this IPO for several strategic objectives:

• Meeting working capital needs

• Funding general corporate expenses

• Purchasing new construction machinery and equipment to enhance project execution capabilities

Financial Performance Snapshot

The company has demonstrated strong financial growth in recent years:

• Revenue grew from ₹235.17 crore in FY23 to ₹334.81 crore in FY24

• Profit After Tax (PAT) rose significantly from ₹4.85 crore in FY23 to ₹15 crore in FY24

• For the 9-month period ending December 31, 2024, the firm reported revenue of ₹256.74 crore

These figures indicate consistent operational expansion and improved profitability.

Globe Civil Projects’ upcoming IPO presents an opportunity for investors seeking exposure to India’s fast-growing engineering and construction sector. Backed by strong financials and an infrastructure-focused business model, the company is well-positioned for future growth.

Disclaimer: This article is meant for educational and informational purposes only. Investors are advised to consult a certified financial advisor before making any investment decisions.