Globe Civil Projects IPO – Review
Globe Civil Projects Limited, an integrated engineering, procurement, and construction (EPC) company plans to raise INR 119 crore through an IPO.
[Fresh Issue 119 crore + OFS NIL]
Globe civil projects ipo share price is INR 67 – 71 per share
Globe Civil Projects: History
The Company was incorporated as Globe Civil Projects Private Limited in New Delhi (India) as a private limited company under the Companies Act, 1956 on May 22, 2002,
The company’s name was changed to Globe Civil Projects Limited (after a special resolution passed by Shareholders), and a fresh certificate of incorporation was issued by the RoC, Central Processing Centre, Gurgaon, Haryana (India), on June 4, 2024.
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Globe Civil Projects: Business
Globe Civil is an integrated EPC (engineering, procurement, and construction) company headquartered in New Delhi (India).
The Company is into execution and construction of infrastructure projects comprising of –
- Transport and Logistics projects,
- Social and Commercial projects, and
- Non-Infrastructure projects (comprising of commercial housing & offices)
The primary focus and strength of the company had been deeply rooted in the construction of educational institution buildings and railway infrastructure,
The Company has also expanded into specialized infrastructure and non-infrastructure projects, such as –
- airport terminals,
- elevated railway terminals,
- railway bridges, and
- hospitals
The Company also provides mechanical, electrical and plumbing (MEP), architectural and structural work, HVAC, firefighting and fire alarm systems (forming part of the construction project receipts segment).
Projects Executed
As of the date of this Draft Red Herring Prospectus DRHP), the company has successfully completed 37 projects in the last 20 years.
Currently, the company has 13 ongoing projects, including (5) Social and Commercial Infrastructure projects, 3 Transport and Logistics projects, 4 Residential Building projects, and 1 Office Building project.
Strategies Ahead
- Focus on securing government infrastructure projects (targeting educational institutions and hospital buildings)
- Expand geographical footprint
- Expand pre-qualification capability and bid capacities
- Focus on timely delivery and quality execution capabilities
- Pursue strategic alliances
Company Promoters
- Mr. Ved Prakash Khurana,
- Mr. Nipun Khurana,
- Mr. Vipul Khurana
IPO Details
Ipo date = 24 June to 26 June 2025
Minimum Amount = INR 14,981
Minimum Bid = 211 Shares
Face Value (FV) = INR 10
Listing On = NSE, BSE
Book Running Lead Managers
Mefcom Capital Markets Limited
FINANCIALS
CONCLUSION
FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on Globe civil projects ipo
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