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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Working capital requirements
Funding the company's ongoing working capital needs to support project execution.
Capital expenditure for construction equipment
Purchasing construction equipment and machinery to support project delivery.
General corporate purposes
The balance of the fresh issue proceeds applied toward general corporate purposes.
(₹ in Crore)
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Globe Civil Projects Limited is a New Delhi-headquartered Engineering, Procurement and Construction company incorporated in 2002, offering integrated project execution including civil, structural, MEP, HVAC, and fire-fighting and fire-alarm works. The company has completed 37 projects and has 12 ongoing projects across 11 Indian states, spanning transport and logistics infrastructure as well as social and commercial buildings; through FY24 its work was concentrated in educational institute projects before diversifying into a broader project mix. The company has built a sizeable order book, reported at roughly Rs 669 crore as of March 2025, giving it revenue visibility across multiple future periods. It works with government agencies and public sector clients as well as private developers, and holds a Class-I contractor registration with the Central Public Works Department, allowing it to bid for larger government infrastructure projects. Ownership rests with the promoter group of Ved Prakash Khurana, Nipun Khurana and Vipul Khurana. Revenue and profitability have grown unevenly but with a marked improvement in FY24 and the nine months to December 2024, and the company used its entirely fresh-issue IPO to fund working capital, purchase construction equipment and strengthen its balance sheet.
The company allocated about 50.28 lakh shares, roughly 60 percent of the QIB reservation, to anchor investors ahead of the IPO opening at the issue price of Rs 71 per share, raising about Rs 35.7 crore.
Source: RHP • Analysis provided for informational purposes
Last Updated: 13 July 2026, 5:30 AM
Long operating track record
More than two decades executing infrastructure projects gives the company deep experience navigating government and institutional project cycles.
Strong recent growth
Revenue and net profit both grew sharply in FY2024, reflecting improved project execution and mix.
Healthy order book
An order book of several hundred crore rupees provides revenue visibility over the coming project cycles.
Established institutional relationships
Long-standing ties with government agencies and public sector clients support a steady pipeline of new project awards.
Government contractor eligibility
A Class-I CPWD contractor registration allows the company to bid on larger-scale government infrastructure projects.
Government contract dependence
Heavy reliance on government and public-sector contracts makes revenue sensitive to policy shifts and budget cycles.
Working-capital intensity
The project execution cycle ties up significant working capital, which can strain liquidity during execution phases.
Regulatory and environmental exposure
Infrastructure projects carry ongoing regulatory and environmental compliance risk that can affect timelines and costs.
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Execution delay risk
Unforeseen site conditions or delays in approvals can push back project completion and cash collection.
Client concentration
A meaningful share of revenue tied to a limited number of large clients raises the impact of losing any one relationship.