Globe Civil Projects IPO Opens: GMP Jumps to ₹15, Should You Subscribe?

Introduction: Globe Civil Projects IPO Begins Bidding

The initial public offering (IPO) of Globe Civil Projects Limited has officially opened for public subscription today, June 24, 2025, and will remain open till June 26. This New Delhi-based Engineering, Procurement, and Construction (EPC) company is launching its maiden IPO with a price band of ₹67 to ₹71 per equity share. With a strong portfolio of infrastructure projects across 11 Indian states, the company is aiming to raise ₹119 crore through this public issue.

The IPO is gaining traction among retail and institutional investors, especially after it recorded a Grey Market Premium (GMP) of ₹15 per share, indicating a possible listing price of ₹86 and a 21% premium over the upper price band.

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🏗️ Company Overview: What is Globe Civil Projects?

Globe Civil Projects Limited is a New Delhi-headquartered company operating primarily in the EPC (Engineering, Procurement, and Construction) and MEP (Mechanical, Electrical, and Plumbing) sectors. The company has built a credible track record in executing government-funded civil projects—especially in the education and healthcare sectors.

🔍 Key Highlights:

• Successfully executed 37 infrastructure projects till date.

• Currently managing 12 ongoing projects, including 5 social and commercial infrastructures.

• Operations span 11 Indian states: UP, Delhi, Haryana, Maharashtra, Gujarat, Andhra Pradesh, Karnataka, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh.

• Order book worth ₹669 crore as of March 31, 2025.

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💸 Globe Civil Projects IPO Details

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💹 Grey Market Premium (GMP) & Investor Sentiment

As of today, the GMP for Globe Civil Projects IPO is ₹15 per share, suggesting a potential listing price of ₹86 against the upper price band of ₹71. This equates to a 21.13% listing gain, which makes the IPO an attractive short-term proposition for retail investors.

Additionally, the company raised ₹35.7 crore from six anchor investors ahead of the IPO opening—boosting investor confidence.

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📊 Financial Performance Overview

While the company experienced a decline in both top and bottom lines in FY23, its current ₹669 crore order book paints a positive picture for future growth.

🧾 Financial Summary (As of FY24):

• Revenue Growth: Moderate due to sector-specific challenges

• Profitability: Decline in FY23, but expected to rebound

• Order Book: ₹669.10 crore across diversified infrastructure domains

• Use of IPO Proceeds:

  • To meet working capital needs

  • Purchase of new construction equipment

  • General corporate purposes

Though fully priced, analysts believe the issue is fair considering its forward-looking project pipeline.

                         

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🧠 Analyst Views: Subscribe or Avoid?

✅ Bajaj Broking Recommendation:

Rating: Subscribe for Medium to Long-Term

Bajaj Broking highlights Globe Civil’s expanding project base and EPC capabilities as major growth levers. The brokerage recommends the IPO for long-term investors looking to tap into the growing infrastructure sector in India.

✅ SMC Global View:

Strengths Identified:

• Diverse ₹669 crore order book

• Proven execution track record

• Pan-India presence in government projects

• Focus on scalable verticals like education and healthcare

SMC Global suggests that Globe Civil Projects is well-positioned to capitalize on India’s infrastructure push, especially under public-sector programs.

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📆 Key Dates to Remember

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📈 Should You Invest in Globe Civil Projects IPO?

✅ Pros:

• Strong order book of ₹669 crore

• Operations in 11 states with government focus

• Anchor investor confidence

• Listing gain potential (₹15 GMP)

• Scalable model in EPC and MEP sectors

❌ Cons:

• FY23 saw revenue and profit de-growth

• Relatively high valuation compared to peers

• Limited brand visibility in retail space

⭐ Final Verdict:

For short-term investors, the current GMP of ₹15 makes it a good bet for listing gains.

For long-term investors, if you’re looking for a government-infra focused EPC player with scalable operations and a good execution record, Globe Civil Projects could be a valuable addition to your portfolio.

🔗 Recommended Reading

• ✅ Top Upcoming IPOs to Watch in 2025 – ViralNews24Adda

• ✅ Infrastructure Sector Analysis 2025 – ViralNews24Adda

• 🌐 Visit SEBI for Official Globe Civil Projects IPO DRHP

• 📢 Suggested Reads on ViralNews24Adda.com

  • Latest SME IPO Updates – ViralNews24Adda

  • Top Infrastructure Stocks to Watch in 2025

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  🔗 External Resource

  • SEBI Globe Civil Projects IPO Prospectus (DRHP)