Latest news with #GlobeCivilProjects
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Business Standard
2 hours ago
- Business
- Business Standard
Globe Civil Projects sets IPO price band at ₹67-71 to raise ₹119 crore
Globe Civil Projects Ltd, a civil construction and infrastructure development company, on Tuesday said it has fixed the price band at Rs 67-71 per equity share for its forthcoming initial public offering (IPO). The issue will open for subscription on June 24 and will close on June 26, the company said in a statement. The company will fetch about Rs 119 crore at the upper end of the price band. Its shares will be listed on BSE and NSE. The funds will be raised through entirely fresh issuance of shares up to 16,760,560 equity shares of face value Rs 10 each, it said. Globe Civil Projects Ltd intends to utilise Rs 75 crore of the IPO proceeds for funding working capital requirements, Rs 14.26 crore for capital expenditure towards the purchase of construction equipment/machinery, while the remaining funds will be used for general corporate purposes and issue expenses, it added. For the nine months ended December 31, 2024, Globe Civil Projects posted a revenue from operations of Rs 254.65 crore and a profit after tax of Rs 17.78 crore. The company has successfully completed 37 projects over the last two decades and is currently managing 13 ongoing projects across key infrastructure segments, working with reputed clients nationwide. As of March 31, 2025, the company's consolidated order book stood at Rs 669.10 crore, reflecting a pipeline of ongoing and upcoming projects. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
6 hours ago
- Business
- Time of India
Globe Civil Projects sets IPO price band at Rs 67-71/share; to raise 119 cr
Globe Civil Projects Ltd, a civil construction and infrastructure development company, on Tuesday said it has fixed the price band at Rs 67-71 per equity share for its forthcoming initial public offering ( IPO ). The issue will open for subscription on June 24 and will close on June 26, the company said in a statement. The company will fetch about Rs 119 crore at the upper end of the price band. Its shares will be listed on BSE and NSE. The funds will be raised through entirely fresh issuance of shares up to 16,760,560 equity shares of face value Rs 10 each, it said. Live Events Globe Civil Projects Ltd intends to utilise Rs 75 crore of the IPO proceeds for funding working capital requirements, Rs 14.26 crore for capital expenditure towards the purchase of construction equipment/machinery, while the remaining funds will be used for general corporate purposes and issue expenses, it added. For the nine months ended December 31, 2024, Globe Civil Projects posted a revenue from operations of Rs 254.65 crore and a profit after tax of Rs 17.78 crore. The company has successfully completed 37 projects over the last two decades and is currently managing 13 ongoing projects across key infrastructure segments, working with reputed clients nationwide. As of March 31, 2025, the company's consolidated order book stood at Rs 669.10 crore, reflecting a pipeline of ongoing and upcoming projects.
Mint
8 hours ago
- Business
- Mint
Globe Civil Projects IPO: Check out 10 key things to know from RHP before investing
Globe Civil Projects IPO: The subscription period for the Globe Civil Projects IPO is set to begin on Tuesday, June 24, and will conclude on Thursday, June 26. The allocation for anchor investors in the Globe Civil Projects IPO is expected to occur on Monday, June 23. Globe Civil Projects IPO price band has been set between ₹ 67 and ₹ 71 per equity share, with a face value of ₹ 10. The lot size for the Globe Civil Projects IPO stands at 211 equity shares, and additional shares can be bought in multiples of 211. The Globe Civil Projects IPO has allocated a maximum of 50% of the public issue shares for qualified institutional buyers (QIB), a minimum of 15% for non-institutional investors (NII), and at least 35% of the offering is earmarked for retail investors. The basis for the allotment of shares for the Globe Civil Projects IPO will be determined on Friday, June 27, and the company will process refunds starting Monday, June 30, while shares will be credited to the demat accounts of investors on that same day, following the refunds. The shares of Globe Civil Projects are anticipated to be listed on the BSE and NSE on Tuesday, July 1. Here are 10 key things from the Red Herring Prospectus (RHP) that investors might want to know before subscribing to the issue. The company's promoters include Ved Prakash Khurana, Nipun Khurana, and Vipul Khurana. Ved Prakash Khurana owns 5,773,659 equity shares, while Nipun Khurana and Vipul Khurana each possess 16,045,705 equity shares. These amounts represent 13.44%, 37.35%, and 37.35% of the company's pre-issue issued, subscribed, and paid-up equity share capital, respectively. The company's publicly traded competitors include B L Kashyap and Sons Ltd (which has a P/E of 29.57), Ceigall India Ltd (with a P/E of 12.88), PSP Projects Ltd (showing a P/E of 20.38), Capacit'e Infraprojects Ltd (reporting a P/E of 20.56), and Ahluwalia Contracts (India) Ltd (featuring a P/E of 16.41). The company is an integrated engineering, procurement, and construction (EPC) firm based in New Delhi. The organisation specialises in executing and constructing infrastructure projects that include Transport and Logistics, Social and Commercial projects, as well as Non-Infrastructure ventures such as commercial office buildings and housing developments. Although the company has traditionally excelled in constructing educational institution facilities and railway infrastructure, it has expanded its scope to include specialised infrastructure and non-infrastructure projects, such as railway bridges, airport terminals, elevated railway terminals, and hospitals. The company has successfully completed projects in 11 Indian states, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. Globe Civil Projects Limited has finalised a total of 37 projects. At present, the company is engaged in 12 ongoing projects, which include five social and commercial initiatives. As of August 31, 2024, the company's order book totals ₹ 8,929.45 million, which encompasses 14 projects: 6 Infrastructure - Social and Commercial projects; 3 Infrastructure - Transport and Logistics projects; 4 Non-Infrastructure - Housing projects; and 1 Non-Infrastructure - Commercial Office project. The company announced a profit of ₹ 15.4 crore for the fiscal year that concluded in March 2024, representing a year-on-year growth of 217 percent, while its revenue increased by 42.3 percent to reach ₹ 332.2 crore. For the nine-month period ending in December 2024, the profit was ₹ 17.8 crore, with revenues amounting to ₹ 254.7 crore. The firm comprises a group company that includes Earthcon Systems India Private Limited. The firm is based in New Delhi and has steadily grown their footprint across eleven (11) states in India. At present, we are operating in the states of Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. As of August 31, 2024, Globe Civil Projects employs a permanent staff of 112 individuals. Some of the key risks are as follows; As of March 31, 2025, the consolidated order book of the company stood at ₹ 6,691.02 million. The projects captured in their order book could face delays, modifications, or cancellations due to factors outside their control, or clients might not fulfill their payment obligations, which could significantly impact their cash flow, revenues, or profits. Delays or defaults in the payment of statutory dues could lead to penalties, consequently affecting the financial condition of the company. Half of the equity shares allocated to each anchor investor in the anchor investors portion will be subject to a lock-in period of ninety (90) days starting from the date of allotment, while the other half will be locked-in for thirty (30) days from the date of allotment. 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
10 hours ago
- Business
- Business Standard
Globe Civil Projects IPO opens on June 24; here's all you need to know
Globe Civil Projects IPO: The initial public offering (IPO) of integrated engineering, procurement, and construction (EPC) company Globe Civil Projects is scheduled to open for public subscription on Tuesday, June 24, 2025. Ahead of the opening, the bidding for anchor investors is scheduled to take place on June 23. Through this public offering, Globe Civil Projects aims to raise ₹119 crore. As investors await the subscription window to open, here are some key details from the Red Herring Prospectus (RHP): Globe Civil Projects IPO issue size The public issue is a book-built issue comprising an entirely fresh issue of 16.8 million equity shares, aggregating up to ₹119 crore. Globe Civil Projects IPO does not have any offer-for-sale (OFS) component. Globe Civil Projects has reserved not more than 50 per cent of the net offer for qualified institutional buyers, not less than 35 per cent for retail investors, and not less than 15 per cent for non-institutional investors. Globe Civil Projects IPO lot size, price band Globe Civil Projects IPO will be offered at a price band of ₹67–71 per share with a lot of 211 shares. Accordingly, investors can bid for a minimum of 211 shares and in multiples thereof. The minimum investment required by a retail investor is ₹14,981. A retail investor can bid for a maximum of 13 lots or 2,743 shares, amounting to ₹1,94,753. Globe Civil Projects IPO grey market premium (GMP) today The unlisted shares of Globe Civil Projects were trading flat at ₹71 per share in the grey market, revealed sources tracking unofficial market activities. Thus, the grey market premium (GMP) forGlobe Civil Projects IPO remains nil on Tuesday, June 17. Globe Civil Projects IPO allotment date, listing date The public offering will remain open for subscription until Thursday, June 26, 2025. The basis of allotment is likely to be finalised on Friday, June 27, 2025, with shares expected to be credited into demat accounts on Monday, June 30, 2025. Shares of Globe Civil Projects are scheduled to list on the BSE and NSE on Tuesday, July 1, 2025. Globe Civil Projects IPO objective The company plans to utilise the net proceeds to fund working capital requirements and capital expenditure for the purchase of equipment and machinery. A portion of the funds will also be allocated for general corporate purposes. Globe Civil Projects IPO registrar, lead manager Kfin Technologies is the registrar for the IPO, while Mefcom Capital Markets is the sole book-running lead manager. About Globe Civil Projects Globe Civil Projects is involved in the execution and construction of infrastructure projects, including transport and logistics, social and commercial infrastructure, and non-infrastructure projects such as commercial offices and housing. While the company initially focused on educational institution buildings and railway infrastructure, it has since expanded into projects such as railway bridges, airport terminals, elevated railway terminals, and hospitals, according to its RHP. Globe Civil Projects financial snapshot In FY24, profit attributable to the company's owners rose 216.91 per cent year-on-year to ₹15.73 crore, compared to ₹4.85 crore in FY23. For the nine months ended December 31, 2024, profit stood at ₹17.78 crore. Revenue increased 42.4 per cent year-on-year to ₹332.2 crore in FY24 from ₹233.3 crore in FY23. For the nine months ended December 31, 2024, revenue was ₹254.65 crore. Total expenditure rose to ₹313.82 crore in FY24, up 37.4 per cent from ₹228.4 crore in FY23. For the nine-month period ending December 31, 2024, it stood at ₹233.58 crore.
Mint
10 hours ago
- Business
- Mint
Globe Civil Projects IPO: Price band set at ₹67-71 per share; check issue details, key dates, more
Globe Civil Projects IPO price band: The Globe Civil Projects Limited IPO price band has been fixed in the range of ₹ 67 to ₹ 71 per equity share of the face value of ₹ 10. The Globe Civil Projects IPO date of subscription is scheduled for Tuesday, June 24, and will close on Thursday, June 26. The allocation to anchor investors for the Globe Civil Projects IPO is scheduled to take place on Monday, June 23. The price to earnings ratio based on diluted EPS for fiscal 2024 at the lower end of the price band is 18.72 and at the upper end of the price band is 19.83 as compared to the average industry peer group P/E ratio of 18.96 times for fiscal 2024. The Globe Civil Projects IPO lot size is 211 equity shares and in multiples of 211 equity shares thereafter. Globe Civil Projects IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Tentatively, Globe Civil Projects IPO basis of allotment of shares will be finalised on Friday, June 27, and the company will initiate refunds on Monday, June 30 while the shares will be credited to the demat account of allottees on the same day following refund. Globe Civil Projects share price is likely to be listed on BSE and NSE on Tuesday, July 1. Globe Civil Projects Limited is a comprehensive Engineering, Procurement, and Construction (EPC) firm based in New Delhi. The company has successfully completed projects in 11 states across India, which include 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 book amounts to ₹ 8,929.45 million, encompassing 14 projects. As per the red herring prospectus (RHP), the company's listed peers are B L Kashyap and Sons Ltd (with a P/E of 29.57), Ceigall India Ltd (with a P/E of 12.88), PSP Projects Ltd (with a P/E of 20.38), Capacit'e Infraprojects Ltd (with a P/E of 20.56), Ahluwalia Contracts (India) Ltd (with a P/E of 16.41). Globe Civil Projects IPO, which is worth ₹ 119 crore, comprises a fresh issue of 1,67,60,560 equity shares. There is no offer for sale (OFS) component. Globe Civil Projects IPO intends to use the net proceeds from the offering for various purposes, including financing the company's working capital needs, investing in the acquisition of construction equipment and machinery, and addressing general corporate needs. The lead manager of the issue is Mefcom Capital Markets Ltd, and the registrar of the issue is KFin Technologies Ltd.
