Company Showcases Strong EPC Credentials in Railway, Social, and Commercial Infra
Globe Civil Projects Sets IPO at ₹119 Cr to Fuel Infra Growth
Issue opens June 24; price band ₹67–₹71 per share
BILKULONLINE
Globe Civil Projects Ltd will open its ₹119 crore IPO from June 24–26, 2025, with a price band of ₹67–₹71. The funds will support working capital, equipment purchases, and general corporate purposes. With a strong presence in railway, education, and commercial infrastructure, the company has 13 ongoing projects and an order book of ₹669 crore.
Globe Civil Projects Limited stands out for quality work, timely project completion, and a family-like approach to staff
Ahmedabad, June 19: Globe Civil Projects Limited, a New Delhi-based EPC and civil construction company, announced its Initial Public Offering (IPO) details during a press meet in Ahmedabad on Wednesday. The company aims to raise up to ₹119 crore at the upper end of the price band of ₹67-₹71 per share. The IPO will open for subscription from June 24 to June 26, 2025, while the anchor book opens on June 23, 2025.
The offering consists of a fresh issue of up to 1.67 crore equity shares, and post-listing, the shares will be traded on both the BSE and NSE. Mefcom Capital Markets Ltd is the Book Running Lead Manager, and KFin Technologies Ltd is the Registrar to the issue.
IPO Proceeds to Fund Growth Plans
Of the total proceeds, ₹75 crore will be allocated for working capital, ₹14.26 crore for construction equipment, and the rest for general corporate purposes and issue-related expenses.
“Our proven track record in executing complex infrastructure projects across India has placed us in a unique position to leverage upcoming opportunities in the EPC sector,” said Vipul Khurana, Managing Director, Globe Civil Projects.
“We have built a robust order book of ₹669 crore, which reflects our execution capabilities and trust among clients,” added Raghav Agarwal, CFO, highlighting the company’s nationwide project footprint.
Vipul Khurana, Nipun Khurana
Established Presence Across Infrastructure Verticals
Over the last two decades, Globe Civil Projects has successfully completed 37 projects and currently has 13 active projects across verticals like railway terminals, bridges, educational institutions, hospitals, and commercial offices.
“From building educational institutions to complex transport infrastructure, our team continues to deliver quality and timeliness,” said Ved Prakash Khurana, Chairman and Whole-Time Director.
The company reported ₹254.65 crore in revenue and ₹17.78 crore in PAT for the nine months ended December 31, 2024. With a full-time team of 122 employees, the company is poised for its next phase of growth.
“We’re confident the IPO will provide us the necessary boost to scale up and capture the growing demand for high-quality infrastructure solutions,” said Sameer Purohit, representative from Mefcom Capital Markets Ltd.
Disclaimer: For complete IPO details, risk factors, and investment guidance, refer to the Red Herring Prospectus filed with SEBI and available at www.sebi.gov.in.
