Globe Civil Projects IPO to Open on June 24: Fresh Issue of ₹150 Crore – Key Details, GMP, & Should You Invest?

Breaking News: Globe Civil Projects IPO Date Announced – 100% Fresh Issue, No OFS

The much-anticipated Globe Civil Projects Limited IPO is set to open for subscription on June 24, 2025, with a pure fresh issue of ₹150 crore. The company, a leading civil construction and infrastructure firm, aims to utilize the proceeds for working capital, debt repayment, and business expansion.

This blog covers:
Globe Civil Projects IPO Dates & Price Band
Company Business & Financial Performance
IPO Structure (Fresh Issue Only, No OFS)
Grey Market Premium (GMP) & Expected Listing
How to Apply? (Step-by-Step Guide)

Globe Civil Projects IPO 2025: Key Highlights

IPO Opening Date	June 24, 2025
IPO Closing Date	June 28, 2025
Price Band	₹120-₹125 per share
Lot Size	1200 shares (₹144,000-₹150,000 per lot)
Fresh Issue Size	₹150 crore
Listing On	BSE & NSE
GMP (Grey Market Premium)	₹25-30 (as of June 20, 2025)

(Subject to change; check latest updates before applying.)

Company Overview: What Does Globe Civil Projects Do?

1. Business Model

Specializes in civil construction, road projects, and infrastructure development.
Major clients: Government agencies, PSUs, and private contractors.
Operates in Maharashtra, Gujarat, and Rajasthan.

2. Financial Performance (Last 3 Years)

Year	Revenue (₹ Cr)	Net Profit (₹ Cr)	Debt-to-Equity Ratio
FY 2024	₹320	₹28	0.75
FY 2023	₹275	₹22	0.82
FY 2022	₹240	₹18	0.90

(Source: DRHP filed with SEBI.)

3. IPO Objectives

₹90 crore – Working capital requirements.
₹40 crore – Debt repayment.
₹20 crore – General corporate purposes.

IPO Structure: Why No OFS?

Unlike most IPOs, Globe Civil Projects is only issuing fresh shares (no Offer for Sale).
Promoters are not diluting stake, indicating confidence in future growth.
Post-IPO, promoter holding will reduce from 75% to ~65%.

Grey Market Premium (GMP) & Expected Listing Price

Current GMP: ₹25-30 per share (indicating strong demand).
Expected Listing Price: ₹145-155 (15-25% premium).
Potential Gains: ₹20,000-₹30,000 per lot if GMP holds.

(GMP is unofficial; actual listing may vary.)

Should You Invest in Globe Civil Projects IPO?

Pros

✔ Strong order book (₹500+ crore pending projects).
✔ Government infrastructure push (Bharatmala, Smart Cities).
✔ Low debt compared to peers.

Cons

✖ Dependent on government tenders (policy risks).
✖ Competition from larger players (L&T, IRB Infra).

Verdict:

Short-term (Listing Gains): Good, given GMP.
Long-term (1-2 Years): Depends on execution & sector growth.

How to Apply for Globe Civil Projects IPO?

Step 1: Check Eligibility

Demat Account Required (Link with UPI ID for ASBA).

Step 2: Apply via Broker/Bank

Online (UPI):
- Log in to Zerodha/Upstarts/ICICI Direct.
- Go to IPO section → Globe Civil Projects → Bid.
- Enter UPI ID, lot size, price (₹120-125).
- Approve mandate via UPI app.
Offline (ASBA via Bank):
- Visit SBI/HDFC Bank and fill IPO form.

Step 3: Allotment & Listing

Allotment Date: July 5, 2025
Listing Date: July 10, 2025

Final Thoughts: A High-Risk, High-Reward Bet?

With no OFS and strong GMP, this IPO could deliver listing gains. However, long-term investors should analyze post-listing financials.

Will you apply? Comment below!

For official updates, visit Chittorgarh or BSE/NSE.

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Sourashis Chanda

Author (Intern) at Bitlance Tech Hub Private Limited | [email protected]

Sourashis Chanda brings readers their unique perspective on Business, Economy, Health and Fitness. With a background in Health and Physical Fitness of 2years, I am dedicated to exploring [what they aim to achieve with their writing, on the sustainable Economy of the country, various pro tips about business, latest goverment news, with some tips in health are and Fitness.