Latest news with #GlobeCivilProjects
Mint
28-07-2025
- Business
- Mint
Kalpataru, Ellenbarrie, Globe Civil Projects, Stallion India Fluorochemicals shares fall as IPO lock-in period ends
Shares of Kalpataru, Ellenbarrie Industrial Gases, Globe Civil Projects, and Stallion India Fluorochemicals traded lower on Monday as the mandatory lock-in period for pre-IPO investors expired today. Stallion India Fluorochemicals led the decline, with its stock falling as much as 8.21% to ₹ 112.56 apiece. Shares of Ellenbarrie Industrial Gases dropped 3% to ₹ 545.85, Globe Civil Projects declined 2.38% to ₹ 85.42, and Kalpataru slipped 1% to ₹ 402.05 on the BSE. The correction in these stocks comes after the expiry of the lock-in period for non-promoter, pre-IPO shareholders on July 28, 2025. Under SEBI regulations, anchor investors are subject to a lock-in period of 30 and 90 days for 50% of their allotted shares, respectively Following the expiry, approximately 5.6 crore equity shares of these companies became eligible for trading on the secondary market. It is important to note that the end of the lock-in period does not necessarily result in immediate selling by investors — it simply means the shares are now available for trade. Kalpataru: The one-month lock-in period ended today, releasing approximately 90 lakh shares, equivalent to 4% of the company's total outstanding equity. Ellenbarrie Industrial Gases: Around 30 lakh shares (about 2% of total equity) became available for trading as the 30-day lock-in expired. Globe Civil Projects: Roughly 30 lakh shares, accounting for 4% of total outstanding shares, are now tradable post lock-in expiry. Stallion India Fluorochemicals: The company's six-month IPO lock-in period ended today, unlocking nearly 4.1 crore shares, or 52% of the total outstanding equity. The unlocking of such a large volume of shares has led to increased supply pressure in the market, weighing on share prices. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
21-07-2025
- Business
- Business Standard
Globe Civil Projects zooms 5% on securing this deal from NBCC; details here
Globe Civil Projects share price: Globe Civil Projects shares rose as much as 4.51 per cent to hit an intraday high of ₹91.94 per share. At 10:40 AM, the share price was trading 0.67 per cent higher at ₹88.56. In comparison, BSE Sensex was trading 0.42 per cent higher at 82,101.16 levels. Why did Globe Civil Projects rise in trade? Globe Civil Projects shares jumped initially after the company announced the receipt of an order from NBCC (India) Ltd. valued at ₹172.99 crore. The contract involves the development of infrastructure and buildings for the Central University of Punjab at Village Ghudda in Bathinda, Punjab, on an Engineering, Procurement, and Construction (EPC) basis. The scope of work under this comprehensive infrastructure contract includes construction of key institutional and residential buildings such as a 400-seater Girls Hostel, a 600-seater Boys Hostel, one Academic Block, a 100-seater International Students Hostel, Vice Chancellor's Residence, and extensive external development works for campus infrastructure. The project is scheduled to be completed within a span of approximately 21 months. Ved Prakash Khurana, chairman and whole-time director of Globe Civil Projects said, 'We are delighted to win this landmark ₹172.99 crore mandate from NBCC for the Central University of Punjab. The project deepens our presence in the education-infrastructure segment and validates Globe Civil Projects Limited's ability to deliver end-to-end EPC solutions for large, multifaceted campuses.' Khurana added, 'We appreciate NBCC's continued confidence in our expertise and look forward to partnering closely with all stakeholders to create future-ready academic and residential facilities that will serve students and faculty for decades to come. Our multidisciplinary team spanning civil, structural, MEP, and project-management specialists is fully mobilised to complete the works within the stipulated 21-month schedule. We will leverage proven construction technologies, rigorous safety protocols, and robust quality-assurance systems to ensure on-time, on-budget delivery while upholding the highest standards of workmanship and environmental stewardship. This project exemplifies our commitment to engineering excellence, operational efficiency, and value creation for our clients and the communities we serve.' About Globe Civil Projects Globe Civil Projects Limited, headquartered in New Delhi, is an integrated Engineering, Procurement, and Construction (EPC) company involved in executing a wide range of infrastructure and non-infrastructure projects across India. With operations spanning eleven states, the company has established a solid track record in delivering projects across Transport & Logistics, Social & Commercial Infrastructure, and Premium Residential and Commercial Developments. Traditionally known for its expertise in constructing railway infrastructure and educational institution buildings, Globe Civil Projects has strategically diversified into more complex and specialised segments, including railway bridges, elevated railway terminals, airport terminals, and hospitals. Beyond core construction, the company offers a suite of turnkey services encompassing Mechanical, Electrical & Plumbing (MEP) works, HVAC systems, fire detection and suppression systems, as well as architectural and structural solutions. Globe Civil Projects is also active in the trading of construction materials, particularly TMT steel, thereby enhancing its presence across the infrastructure value chain. The company achieved a major milestone with its successful IPO, raising ₹119 crore and debuting on both the NSE and BSE on July 1, 2025 – marking a new chapter in its growth journey within India's expanding infrastructure landscape.
Business Standard
19-07-2025
- Business
- Business Standard
Globe Civil Projects bags work order of Rs 193 cr from NBCC
Globe Civil Projects has received a letter of award from NBCC (India) for construction of infrastructure facilities work/ buildings i.e. academic building, residential buildings, campus development etc. in campus of Central University of Punjab at village of Ghudda, Distt. Bathinda (Pb.) on EPC Basis. The estimated cost of the project is Rs 193.13 crore.
Mint
19-07-2025
- Business
- Mint
Small-cap stock below ₹100 will be in focus on Monday amid ₹173 crore order from NBCC
Shares of Globe Civil Projects will be on focus on Monday, July 21 following the receipt of a letter of award from NBCC (India) for the construction of infrastructure facilities and buildings valued at ₹ 193.13 crore. 'M/S GLOBE CIVIL PROJECTS LIMITED' has received a Letter of Award for "Construction of the Infrastructure facilities works/buildings i.e. Academic building, residential buildings, campus development etc. in campus of Central University of Punjab at village of Ghudda, Distt. Bathinda (Pb.) on EPC Basis," said the company in an exchange filing. Recently, the shares of Globe Civil Projects, a provider of engineering and construction services, debuted at a 28.3% premium on the exchanges on July 1. The stock launched at ₹ 91.10 on the BSE and ₹ 90 on the NSE, indicating a 26.76% increase from its issue price of ₹ 71. Globe Civil Projects share price ended with a premium of over 33% in market debut as against the issue price of ₹ 71. This marks the company's initial order since its launch on the bourses. On Friday, Globe Civil Projects shares ended 2.61% higher at ₹ 87.97 apiece on the BSE. The initial public offering of ₹ 119 crore was priced between ₹ 67 and ₹ 71 per share. Globe Civil Projects plans to allocate ₹ 75 crore of the IPO funds to meet its working capital needs, ₹ 14.26 crore for capital expenditures related to acquiring construction equipment/machinery, and the remaining amount will be directed to general corporate purposes and the costs related to the issue, as stated by the company. On the last day of bidding, the initial share sale of Globe Civil Projects was oversubscribed by an impressive 86 times. The company's market capitalization was valued at ₹ 565.66 crore. Globe Civil Projects Limited is a full-service Engineering, Procurement, and Construction (EPC) company situated in New Delhi. The firm has successfully executed projects in 11 states throughout India, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. As of August 31, 2024, the company's total order backlog stands at ₹ 8,929.45 million, covering 14 different projects. According to the red herring prospectus (RHP), the company's listed competitors include B L Kashyap and Sons Ltd (with a P/E ratio of 29.57), Ceigall India Ltd (with a P/E ratio of 12.88), PSP Projects Ltd (with a P/E ratio of 20.38), Capacit'e Infraprojects Ltd (with a P/E ratio of 20.56), and Ahluwalia Contracts (India) Ltd (with a P/E ratio of 16.41).
Mint
19-07-2025
- Business
- Mint
Small-cap stock below ₹100 will be in focus on Monday amid ₹173 crore order from NBCC
Shares of Globe Civil Projects will be on focus on Monday, July 21 following the receipt of a letter of award from NBCC (India) for the construction of infrastructure facilities and buildings valued at ₹ 193.13 crore. 'M/S GLOBE CIVIL PROJECTS LIMITED' has received a Letter of Award for "Construction of the Infrastructure facilities works/buildings i.e. Academic building, residential buildings, campus development etc. in campus of Central University of Punjab at village of Ghudda, Distt. Bathinda (Pb.) on EPC Basis," said the company in an exchange filing. Recently, the shares of Globe Civil Projects, a provider of engineering and construction services, debuted at a 28.3% premium on the exchanges on July 1. The stock launched at ₹ 91.10 on the BSE and ₹ 90 on the NSE, indicating a 26.76% increase from its issue price of ₹ 71. Globe Civil Projects share price ended with a premium of over 33% in market debut as against the issue price of ₹ 71. This marks the company's initial order since its launch on the bourses. On Friday, Globe Civil Projects shares ended 2.61% higher at ₹ 87.97 apiece on the BSE. The initial public offering of ₹ 119 crore was priced between ₹ 67 and ₹ 71 per share. Globe Civil Projects plans to allocate ₹ 75 crore of the IPO funds to meet its working capital needs, ₹ 14.26 crore for capital expenditures related to acquiring construction equipment/machinery, and the remaining amount will be directed to general corporate purposes and the costs related to the issue, as stated by the company. On the last day of bidding, the initial share sale of Globe Civil Projects was oversubscribed by an impressive 86 times. The company's market capitalization was valued at ₹ 565.66 crore. Globe Civil Projects Limited is a full-service Engineering, Procurement, and Construction (EPC) company situated in New Delhi. The firm has successfully executed projects in 11 states throughout India, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. As of August 31, 2024, the company's total order backlog stands at ₹ 8,929.45 million, covering 14 different projects. According to the red herring prospectus (RHP), the company's listed competitors include B L Kashyap and Sons Ltd (with a P/E ratio of 29.57), Ceigall India Ltd (with a P/E ratio of 12.88), PSP Projects Ltd (with a P/E ratio of 20.38), Capacit'e Infraprojects Ltd (with a P/E ratio of 20.56), and Ahluwalia Contracts (India) Ltd (with a P/E ratio of 16.41). Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
