Globe Civil Projects Limited is an emerging player in India’s civil infrastructure sector, specializing in site preparation, construction, and related services for both government and private sector clients. The company has developed a reputation for quality execution and timely project delivery, particularly in urban and industrial development projects. The Globe Civil Projects IPO aims to raise approximately ₹119 crore through a fresh issue of shares priced between ₹67 and ₹71 each.
₹20
₹71
₹90.00
Expert Opinions
Market sentiment for the Globe Civil Projects IPO is cautiously positive, given the company’s strong recent profit growth and the robust outlook for India’s infrastructure sector. The company’s key strengths include two decades of project execution experience, a diversified order book spanning social, commercial, transport, and residential projects, and a track record of timely delivery and quality execution. Its recent financial performance is notable, with revenue and profit after tax both growing significantly year-on-year.
However, risks remain, such as exposure to project delays, regulatory changes, and a high debt-to-equity ratio, which could pressure margins and cash flow. Valuation analysis based on FY 2024 for Globe Civil Projects IPO shows a solid Return on Equity (ROE) of 21.95%, a healthy ROCE of 23.07%, and a Net Asset Value (NAV) of ₹18.10, indicating efficient capital utilization. For long-term investors, Globe Civil Projects’ established presence, growing order book, and sectoral tailwinds position it well, provided it manages operational and financial risks effectively.
Investor Considerations
Investors evaluating the Globe Civil Projects IPO should consider the company’s improving performance and fundamentals, marked by a robust revenue growth of over 40% in FY2024 and a significant rise in profit, reflecting enhanced execution and operational efficiency. The sector outlook is positive, driven by government infrastructure push and urbanization, offering ample opportunities for EPC companies.
The Globe Civil Projects IPO valuation metrics for FY2024—Return on Net Worth (RoNW) of 19.80%, PAT margin of 4.59%, and a debt/equity ratio of 1.60—suggest efficient capital use but also highlight financial leverage and moderate profitability compared to some peers. Growth prospects are supported by a strong order book, expanding project portfolio, and experience across diverse infrastructure segments. Key risk factors include project execution risks, regulatory challenges, and a relatively high debt burden. For short-term investors, market sentiment and listing gains may be attractive, while long-term investors should assess the company’s ability to sustain growth, manage leverage, and capitalize on sector tailwinds.
| Date | GMP | Trend |
|---|---|---|
| 29 Jun 2025 10.51 | ₹20 | --- |
| 28 Jun 2025 13.48 | ₹20 | --- |
| 27 Jun 2025 13.18 | ₹20 | --- |
| 26 Jun 2025 19.59 | ₹20 | Up |
| 25 Jun 2025 14.35 | ₹15 | --- |
| 24 Jun 2025 11.06 | ₹15 | --- |
| 23 Jun 2025 15.51 | ₹15 | Up |
| 21 Jun 2025 10.51 | ₹13 | --- |
| 20 Jun 2025 19.51 | ₹13 | Up |
| 19 Jun 2025 13.35 | ₹11 | Up |
| 18 Jun 2025 15.33 | ₹9 | Up |
| 17 Jun 2025 18.08 | ₹7 | Up |
| 16 Jun 2025 11.19 | ₹00 | --- |
FAQs
The Grey Market Premium showed low accuracy in predicting Globe Civil Projects IPO’s listing performance. With a final GMP of ₹20, it indicated a premium of 28.17% over the issue price of ₹71. However, the stock listed significantly higher at ₹90, delivering a strong gain of 26.76%. This resulted in a prediction error of 1.41%, where the GMP slightly overestimated the expected gain but correctly predicted the positive direction, showing reasonable directional accuracy with a minor overprediction.
Globe Civil Projects IPO Current GMP is ₹20.
Globe Civil Projects IPO Expected Returns is 28.17%.
Globe Civil Projects IPO estimated listing price is ₹91.