Globe Civil Projects IPO 2025 – A Positive Investment

GLOBE CIVIL PROJECTS LIMITED IPO is a fully book-built issue of a total of 16,800,000 shares (all fresh issue).

The dates for the GLOBE CIVIL PROJECTS LIMITED IPO have been set as follows:

IPO open: June 24, 2025
IPO close: June 26, 2025

The allotment process is expected to be finalized by June 27, 2025. The IPO is scheduled to list on both BSE and NSE with a tentative listing date of July 1, 2025.

The price band for the GLOBE CIVIL PROJECTS LIMITED IPO has not yet been announced.

Registrar for this IPO is KFin Technologies Limited and lead manager is MEFCOM Capital Markets Limited.

IPO Schedule

IPO Open Date	Wednesday, 24 Jun, 2026
IPO Close Date	Friday, 26 Jun, 2026
IPO Allotment Date	Saturday, 27 Jun, 2026
Refund Initiation	Tuesday, 30 Jun, 2026
Share credit in Demat	Tuesday, 30 Jun, 2026
Listing Date	Wednesday, 01 Jul, 2026

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹10 Per Equity Share
Total Issue Size	₹16,760,560.00 Crores
Fresh Issue	₹16,760,560.00 Crores
Issue Type	Fresh Issue
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

About Globe Civil Projects Limited Company

India's rebar consumption surged by 20.9% in FY23, reaching 39 million metric tons, and further to 41.73 million tons in FY24, fueled by increased property registrations, particularly in Mumbai. Prices for BF-route rebar averaged INR 60,500 per ton in Mumbai, while IF segment prices reached INR 56,200 per ton, marking increases of 8% and 10% respectively.

Domestic demand for TMT bars is expected to rise, driven by infrastructure development and TMT bars' superior qualities like earthquake resistance and durability. India predominantly meets its demand through indigenous production, which saw a 16% increase in FY23, reaching nearly 39 million tons. JSW Steel led the Tier-1 mills with 2.97 million tons of rebar production.

While TMT bar exports have decreased post-FY22 due to global economic slowdown, inflation, and competition from China, Maldives and Bangladesh remain key export markets for India. The domestic TMT bar industry is highly competitive with established players like Tata Steel and regional entrants vying for market share through pricing, product innovation, and distribution networks.

Globe Civil Projects Limited Financial Details

Period Ended	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	374.60	317.83	275.04	229.79
Revenue	256.74	334.81	235.17	286.78
Profit After Tax	15.38	17.79	4.85	5.20
Net Worth	99.83	77.67	62.44	57.45
Reserves and Surplus	0.00	75.19	59.97	54.98
Total Borrowing	137.97	124.48	97.00	70.76

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
3.58	19.80%	18.10	1.60	21.95%	23.07%

Offer Objectives

The document outlines the shareholding structure, lock-in requirements, and objects of the company's upcoming IPO.

Shareholding: Pre-issue, Promoters collectively hold 3,78,65,069 Equity Shares, representing 88.14% of the equity share capital. Nipun Khurana and Vipul Khurana each hold 1,60,45,705 shares (37.35%), while Ved Prakash Khurana holds 57,73,659 shares (13.44%). Vimal Khurana, part of the Promoter Group, holds a negligible amount.

Lock-in: A minimum of 20% of the post-issue equity share capital held by Promoters will be locked in for 18 months. The remaining Promoter shareholding will be locked in for 6 months. The pre-issue equity share capital (excluding the minimum Promoters’ contribution) will be locked in for 6 months. 50% of Equity Shares allotted to Anchor Investors will be locked for 90 days and the remaining 50% for 30 days.

Objects of the Issue: The Issue comprises of an issue of up to 1,90,00,000 Equity Shares, aggregating up to ₹[●] million. Net Proceeds from the Issue are proposed to be utilized for (1) Funding working capital requirements (₹75 crore), (2) Funding capital expenditure for equipment/machinery purchase (₹14.06 crore), and (3) General corporate purposes, not exceeding 25% of the gross proceeds.

Other Key Points: The Promoters will not participate in the Issue and will not receive any proceeds. The company does not have any buy-back arrangements and has no outstanding warrants or options for equity shares.