Globe Civil Projects Limited IPO Review
Neutral67-71 · Mainboard
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Analyst Verdict
Globe Civil Projects Limited IPO
Neutral
IPO at a Glance
Price Band
67-71
Issue Size
119cr
Opens
2025-06-22
Closes
2025-06-24
Listing
2025-06-29
Category
Mainboard
Key Strengths
✓Over two decades of experience in executing diverse infrastructure projects across multiple states.
✓Strong financial growth with a 60% increase in revenue and a 185% rise in net profit in FY2024.
✓Robust order book of approximately ₹941 crore as of August 2023, providing revenue visibility for the next three years.
✓Established relationships with reputed clients, including government agencies and public sector undertakings.
✓Registered as a Class-I contractor with the Central Public Works Department (CPWD), enabling participation in large-scale government projects.
Key Risks
⚠High dependency on government contracts, making revenues susceptible to policy and budgetary changes.
⚠Working capital-intensive operations may affect liquidity during project execution.
⚠Exposure to regulatory and environmental compliance risks in infrastructure projects.
⚠Potential delays in project execution due to unforeseen site conditions or approvals.
⚠Concentration risk if a significant portion of revenue is derived from a few large clients.
Frequently Asked Questions
Should I apply for Globe Civil Projects Limited IPO?
Based on our analysis, our rating for Globe Civil Projects Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Globe Civil Projects Limited IPO?
High dependency on government contracts, making revenues susceptible to policy and budgetary changes. Working capital-intensive operations may affect liquidity during project execution. Exposure to regulatory and environmental compliance risks in infrastructure projects.
What are the strengths of Globe Civil Projects Limited IPO?
Over two decades of experience in executing diverse infrastructure projects across multiple states. Strong financial growth with a 60% increase in revenue and a 185% rise in net profit in FY2024. Robust order book of approximately ₹941 crore as of August 2023, providing revenue visibility for the next three years.
What is the price band of Globe Civil Projects Limited IPO?
The price band for Globe Civil Projects Limited IPO is 67-71. The IPO has closed.
Full Analysis Available
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